Frontier Oil Corporation announced today that its corporate headquarters in Houston, Texas are closed until further notice due to a loss of power suffered during Hurricane Ike. Frontier’s corporate function will continue from different locations. To reach a member of the Houston office, please contact Janet Hunter in Frontier’s Denver office at 303-714-0134.
Frontier operates a [...]
Frontier Oil Corporation announce that Leo J. Hoonakker was promoted to the position of Vice President – Treasurer. He will report to the Vice President - Corporate Finance.
Hoonakker has worked for Frontier and its predecessor companies for over 20 years and as Treasurer of Frontier Oil Corporation since 2005. Prior to joining Frontier, Hoonakker was [...]
Inergy, L.P. announced today that its wholly owned subsidiary, Inergy Midstream, LLC, has executed a definitive agreement to purchase 100% of the membership interests in US Salt, LLC (“US Salt”), an industry-leading solution mining and salt production company located in Schuyler County, New York, between Inergy’s Stagecoach and Steuben County natural gas storage facilities. [...]
TransMontaigne Partners L.P. announced that effective July 8, 2008, Charles L. Dunlap has been appointed to serve as a member of the Board of Directors and will also serve as a member of the Conflicts Committee of TransMontaigne GP L.L.C., the General Partner of the Partnership. The General Partner is responsible for managing the [...]
ConocoPhillips says its global production fell as expected in the second quarter because of planned maintenance, but it benefited from higher oil and natural gas prices.
In an overview of market conditions for the April-June period, ConocoPhillips also said its worldwide refining margins in the second quarter probably improved from the first quarter. But the company [...]
Plains All American Pipeline, L.P. (NYSE:PAA) announced that a wholly owned subsidiary of Occidental Petroleum Corporation (“OXY”), has entered into definitive agreements to acquire an aggregate 10% equity interest in the general partner of PAA directly from the existing owners. Closing is expected to occur within the next 30 to 45 days and is subject [...]
Shares of petroleum refiners hit new 52-week lows as the price of crude oil surged.
Valero Energy Corp., Tesoro Corp., Sunoco Inc., Holly Corp. and Frontier Oil Corp. all hit new lows in morning trading before regaining some ground.
Refiners’ margins have been squeezed by rising crude prices and falling demand for refined products such as gasoline [...]
Kazakhstan banned the export of all refined oil products, as the energy-rich Central Asian nation grapples with soaring fuel costs.
The announcement, made by Prime Minister Karim Masimov at a government meeting, comes just days after opposition parties called on his government to resign amid what they call a worsening economic climate.
Kazakhstan has huge oil and [...]
A key unit at Holly Corp.’s New Mexico refinery is down for repairs, with gasoline production off by as much as 756,000 gallons this month.
The shutdown of the fluid catalytic cracking unit at the Navajo Refinery in Artesia, N.M., followed a shutdown due to an instrument control malfunction on May 7.
As the unit was being [...]
Oil prices hit a record high $117 a barrel Friday as jitters over Nigerian oil supplies outweighed a rally in the dollar and fears of an economic slowdown in giant energy consumer China.
U.S. light crude settled up $1.83 at $116.96 a barrel, before hitting a record $117. London Brent crude gained $1.49 to $113.92.
Oil prices [...]
