Marathon Petroleum Corp (MPC.N)
19 Jan 2018
HOUSTON Marathon Petroleum Corp laid off 64 salaried employees at its Galveston Bay Refinery in Texas City, Texas, on Tuesday, a company spokesman said.
BRIEF-Marathon Petroleum Says MPLX Lp Entered Into A Term Loan Providing For 364-Day $4.1 Bln Term Loan Facility
* MARATHON PETROLEUM CORP SAYS ON JANUARY 2, MPLX LP ENTERED INTO A TERM LOAN PROVIDING FOR A 364-DAY $4.1 BILLION TERM LOAN FACILITY - SEC FILING
NEW YORK, Dec 27 Demand to ship gasoline on Colonial Pipeline has sunk to a two-month low as Gulf Coast supplies are increasingly being exported or sent to the Midwest rather than to the New York harbor, three sources familiar with the matter said on Wednesday.
A federal appeals court has declined to revive a lawsuit by Marathon Petroleum challenging Delaware's unclaimed property law that the state is using to try to seize unused gift cards, ruling its claims for federal common law preemption are premature now but may be viable in the future.
DALLAS (Reuters Breakingviews) - The market will trump politics on the future of TransCanada's Keystone XL pipeline. Nebraska regulators’ green light for the controversial project is a victory for U.S. President Donald Trump, but it doesn’t guarantee the conduit’s construction. Years-long delays have let rivals steal a march while low prices sap drillers’ interest in the Canadian oil sands.
* Marathon Petroleum Corp and MPLX LP announce agreement for approximately $8.1 billion dropdown to MPLX, and MPC initiates offer to exchange its general partner interests, including its IDRS, in MPLX
HOUSTON An ammonia cylinder burst late Monday while being heated as part of preparations to restart the alkylation unit at Marathon Petroleum Corp's 86,000 barrel-per-day Texas City, Texas, refinery, sources familiar with plant operations said on Tuesday.
NEW YORK Marathon Petroleum Corp plans to process significantly more U.S. domestic crude in the fourth quarter compared to last year as the domestic discount versus global crude widens, the company said in its earnings call on Thursday.
* Marathon Petroleum Corp sees Q4 total throughput of 1,925 MBPD - presentation Further company coverage:
Refiner Marathon Petroleum Corp's quarterly profit on Thursday leaped more than six-fold on U.S. gasoline and diesel margins, which surged to a two-year high after a crippling U.S. hurricane season.
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