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Sunoco News

News on Sunoco (Ticker: SUN) continually updated from thousands of sources around the net.

23 hrs ago | Reuters

Motiva commissions $7bln Gulf Coast JV refinery

With the completion of its crude distillation unit , the refinery's 600,000 bpd capacity eclipses Exxon Mobil Corp's 560,640 bpd Baytown, Texas, refinery, as the largest U.S. refinery.

Comment?

Related Topix: Texas, Baytown, TX, Recreational Vehicle, Marathon, Energy, Oil & Gas

Tue May 29, 2012

CSP

Sunoco Selects Paragon for Site Upgrades in N.Y.

Sunoco Inc. has chosen contractor Paragon Environmental Construction Inc. to complete critical projects in upstate New York this summer.

Comment?

Related Topix: Energy, Oil & Gas, Sunoco Logistics Partners LP, Brewerton, NY

Mon May 28, 2012

Seeking Alpha

Valero: Don't Miss $22 Entry Point

Valero Energy is the largest independent downstream refiner and distributor of oil in the world, with a capacity of around 2.8 million barrels per day.

Comment?

Related Topix: Startups, Valero Energy, Energy, Velos, Oil & Gas, Marketing

Sun May 27, 2012

Philly.com

Planning new life for the a Lower Schuylkilla

The Sunoco oil refinery along the Schuylkill, with the Platt Bridge in the background.

Comment?

Related Topix: Energy, Oil & Gas, University of Pennsylvania, Drexel University, Home Gardening, Home, Philadelphia, PA

Fri May 25, 2012

Reuters

Sunoco restarts 2 Phila. refinery units-regulators

Sunoco Inc. restarted two units at the Girard Point section of its 335,000 barrel per day refinery in Philadelphia after maintenance for repairs, according to the Philadelphia government.

Comment?

Related Topix: Energy, Oil & Gas, Sunoco Logistics Partners LP

Thu May 24, 2012

The Gloucester County Times

The numbers justify West Deptford refinery settlement

Concerning state Sen. Stephen Sweeney's letter about the Eagle Point refinery property tax settlement, "West Deptford settling for too little," on May 11: Sweeney and his Democratic Party created this mess in the first place, delaying the inevitable for 24 years while spending millions of West Deptford taxpayers' dollars in legal and expert fees ... (more)

Comment?

Related Topix: West Deptford, NJ, Energy, Oil & Gas

Wed May 23, 2012

Seeking Alpha

Is A Distribution Hike Around The Corner For Energy Transfer Partners LP?

"Paying for Growth" compares the returns posted by one of my favorite MLP investments , Enterprise Products Partners LP to units of fellow midstream master limited partnership Energy Transfer Partners LP .

Comment?

Related Topix: Energy Transfer Partners, L.P., Energy, Enterprises Products Partners LP, Oil & Gas

Mon May 21, 2012

Patch.com

Will Sunoco's Sale Change Local Gas Stations?

With more than 4,900 locations in the United States-including two on Ridge Avenue in Roxborough A and Andorra - Sunoco's recent acquisition by Energy Transfer Partners is something to take notice of.A The April 30, $5.3 billion sale puts into question the future of the Philadelphia-based gas company.

Comment?

Related Topix: Energy, Oil & Gas, Sunoco Logistics Partners LP, Philadelphia, PA

Sun May 20, 2012

Philly.com

Whata s next for Sunocoa s gas stations and convenience stores?

Though it is really Sunoco's pipeline affiliate that he covets, Kelcy L. Warren, the chief executive of the Texas pipeline company that is buying Sunoco Inc.

Comment?

Related Topix: Energy, Oil & Gas, Sunoco Logistics Partners LP, Philadelphia, PA, Marketing

Fri May 18, 2012

Reuters

Sunoco's Philadelphia CDU at full rates by early Sat-trade

Sunoco Inc's fire-damaged crude distillation unit at its 335,000-barrel-per-day refinery in Philadelphia will reach full rates by late Friday or early Saturday, a trade source familiar with refinery operations said on Friday .

Comment?

Related Topix: Energy, Oil & Gas, Sunoco Logistics Partners LP

Wed May 16, 2012

CSP

Sunoco Retail Sale Speculation Grows

Energy Transfer Partners could fetch up to $1.8 billion for the 4,900 gasoline stations it acquired when it agreed to buy Sunoco last month in a $5.3 billion deal, Raymond James analysts said, according to a Wall Street Journal report in its "Deal Journal" blog.

1 comment

Related Topix: Energy, Oil & Gas, Sunoco Logistics Partners LP, Raymond Ltd, Apparel

Business Journal

Central Springfield renewal: Restaurants, hotels replace blight

The Sunoco station on Old Keene Mill Road in Central Springfield will be razed and rebuilt with additional pumps and a mini-mart. The proposed project is one of several taking place at virtually the same time, along a small stretch of a heavily-traveled commercial corridor.

Comment?

Related Topix: Energy, Oil & Gas, Sunoco Logistics Partners LP, Springfield, VA, Fort Belvoir, VA

Tue May 15, 2012

Business Journal

Sunoco stations could fetch near $2B

The first is that analysts with Raymond James have estimated that Energy Transfer Partners, which is buying Sunoco for its stake in Sunoco Logistics, could get up to $1.8 billion for Sunoco's 4,900 gas stations.

Comment?

Related Topix: Energy, Oil & Gas, Sunoco Logistics Partners LP, Apparel, Raymond Ltd

Fri May 11, 2012

Philly.com

Guest column: Hope and reality at Sunoco site

The Sunoco refinery along the Schuylkill. The 1,400 acres spark in dreamers grand visions of new land uses, but a city official says that given the site's history, industrial or commercial activities make more economic sense.

Comment?

Related Topix: Energy, Oil & Gas, Sunoco Logistics Partners LP, Philadelphia, PA

Thu May 10, 2012

Minyanville

Thank Europe for This Bargain

I don't want to come off like Pollyanna about Europe with Greece ungovernable , Spanish stocks down nearly 4% overnight, and UK retail sales as ugly as a nasty cold sore on that famous stiff upper lip.

Comment?

Related Topix: Financial Markets, Energy, Oil & Gas

Reuters

UPDATE 2-Sunoco Philadelphia CDU unit seen back up quickly-source

The fire was extinguished in the CDU in Girard Point section of the refinery early Wednesday morning, and the unit was subsequently shut.

Comment?

Related Topix: Energy, Oil & Gas, Reuters

Reuters

Europe Gasoline/Naphtha-Gasoline under pressure

Gasoline cracks in north-west Europe fell to around $10 per barrel on Thursday, well off recent highs, and the return of refinery capacity will push margins down further into the northern hemisphere summer, traders and analysts said.

Comment?

Related Topix: Energy, Oil & Gas

Reuters

Sunoco finds hole in shut Philadelphia crude unit - source

A crude distillation unit at Sunoco Inc's 355,000 barrels-per-day Philadelphia, Pennsylvania, refinery will restart following inspection in 1-2 days after a hole was discovered following a fire, a source familiar with the situation said.

Comment?

Related Topix: Energy, Oil & Gas, Sunoco Logistics Partners LP, Philadelphia, PA

Tue May 08, 2012

AmericanBankingNews.com

Sunoco Incorporated Upgraded to "Neutral" at Zacks

The firm currently has a $52.00 price target on the stock. Zacks ' analyst wrote, "Following the proposed acquisition of Sunoco by ETP, we are upgrading the former's shares to Neutral from Underperform.

Comment?

Related Topix: Energy, Oil & Gas

Reuters

Europe Product Swaps-Light ends and distillates fall with crude

Outright product swaps fell after a nearly $6 a barrel drop in Brent crude oil futures over the week as concerns resurfaced over demand following a round of disappointing U.S. jobs data and worries about euro zone growth.

Comment?

Related Topix: ConocoPhillips, Energy, Oil & Gas, Sunoco Logistics Partners LP

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