Delta sells oil refinery

Delta reaffirms its commitment to the Trainer oil refinery: 'We're not selling it' Reuters reported on Tuesday that Delta had hired a consultant to assess the impact on jet fuel prices if the airline sells or closes the refinery it purchased five years ago. Reuters, citing two sources, said that a Dallas consultant firm was asked to assess Delta said it expects to retain an ownership stake in the Trainer plant to ensure it maintains current levels of jet fuel production, while a strategic partner would focus on gasoline, diesel fuel and other refinery products. The refinery employs about 480.

15 Apr 2019 Communities not Criminals – Illegal Oil Refining in the Niger Delta It is no coincidence that the largest oil operator Shell continues to sell its  7 Sep 2018 Delta Air Lines, parent of refinery owner Monroe Energy, is moving forward with options to sell a 49% stake in its 190000 b/d Trainer, Pennsylvania, refinery, but Author Janet McGurty; Editor Annie Siebert; Commodity Oil. 6 Apr 2012 Delta Airlines to Buy an Oil Refinery??? And if the refinery can 'cut out the middle man' and simply sell all its product to one in-house  2 Oct 2019 Oil theft in the Niger Delta due to a proliferation of illegal small-scale Political will and capability to fix or sell the refineries has also been  the Niger Delta and the resultant increase in oil prices have violence during the 2003 elections, closed down a number of small local refineries where. 8 Jul 2019 With sanctions blocking Venezuela from selling oil to the United States, no refineries but ties to the government of President Nicolas Maduro, according to The Turkish firm also loaded the tankers Delta Kanaris and Delta 

Delta Air Lines Inc is flooding the New York market with jet fuel from its refinery, sacrificing refining profits in order to lower the carrier’s fuel costs, according to a company memo seen by

10 Sep 2018 It is going to be tough to sell a refinery that has faced closure several times due to bad economics.” Delta, then led by now-retired CEO Richard  1 Feb 2019 Delta Air Lines wants to sell its oil refinery in Trainer, Pennsylvania, after attempts to offer a partial stake in the plant late last year failed,  15 Feb 2019 Delta CEO Ed Bastian said the airline does not have plans to sell its oil refinery in Trainer, Pennsylvania, despite reports that it does want to  1 May 2012 The refinery near Philadelphia, being acquired from ConocoPhillips for $150 million, is meant to offset the risk of higher jet fuel prices. 6 Sep 2018 Delta Air Lines may sell a stake in its Trainer oil refinery outside Philadelphia, six- years after it made the questionable move into the oil refining  4 Feb 2019 Delta Air lines, usually referred to simply as Delta, headquartered in Atlanta, had been trying to sell its oil refinery in Trainer, Pennsylvania.

This marks a sudden end for the largest oil refinery in the Northeast. But it's good news for Delta Air Lines , which owns one of the few remaining refineries in the region. (Several others have

Delta Air Lines wants to sell its oil refinery in Trainer, Pennsylvania, after attempts to offer a partial stake in the plant late last year failed, according to two people familiar with the matter. The Atlanta-based airline hired investment banks last year to organize the sale of a stake in its Monroe Energy refining subsidiary, signaling it wanted to share the risk of running an energy business. Delta Air Lines (DL, Atlanta Hartsfield Jackson) is looking to sell a stake in its Monroe Energy subsidiary with investment banks Barclays and Jefferies having since been enlisted to manage the sale process. Sources familiar with developments told Reuters that the banks have already begun talking with potential investors. Monroe Energy owns an oil refinery in Trainer, Pennsylvania that it Delta Air Lines Inc. is looking for a partner to share the burden of its six-year experiment in running a refinery to supply its planes with jet fuel. Delta is in talks to buy an oil refinery, reports The Wall Street Journal.You can see the jokes now: Delta posts gasoline at “just $2.95 a gallon,” with fine print: “Plus a pumping fee of $0

4 Oct 2019 The refinery uses crude oil and condensate from B.C. and Alberta to produce about 12,000 barrels per day of low-sulphur gasoline and diesel 

1 May 2012 The refinery near Philadelphia, being acquired from ConocoPhillips for $150 million, is meant to offset the risk of higher jet fuel prices. 6 Sep 2018 Delta Air Lines may sell a stake in its Trainer oil refinery outside Philadelphia, six- years after it made the questionable move into the oil refining  4 Feb 2019 Delta Air lines, usually referred to simply as Delta, headquartered in Atlanta, had been trying to sell its oil refinery in Trainer, Pennsylvania.

In 2012 Delta Air Lines did something strange. It bought an oil refinery. No other airline owns a refinery. But Delta executives, led by CEO Richard Anderson, thought it was time to do something

6 Sep 2018 Delta Air Lines may sell a stake in its Trainer oil refinery outside Philadelphia, six- years after it made the questionable move into the oil refining  4 Feb 2019 Delta Air lines, usually referred to simply as Delta, headquartered in Atlanta, had been trying to sell its oil refinery in Trainer, Pennsylvania. 14 Jan 2020 Refinery sales? Remember that Delta operates an oil refinery as a partial hedge for its exposure to the cost of jet fuel. Delta management  29 Jul 2019 “Even though Monroe Energy is not a 'small refinery,' Delta officials will through higher sales prices of the petroleum products they sell.'”.

4 Oct 2019 The refinery uses crude oil and condensate from B.C. and Alberta to produce about 12,000 barrels per day of low-sulphur gasoline and diesel  9 Sep 2016 Nigerian Army troops have destroyed 74 illegal oil refineries as well as camps of militants in the country's oil-rich Niger Delta. Oil Markets Brace As U.S. Looks To Sell 100 Million Barrels From SPR · How The Hanjin  24 Apr 2012 Delta Airlines has been thinking about buying an oil refinery near Or should they take that fuel, sell it at those high market prices, and cancel  16 Jan 2013 Oil "bunkering" – hacking into pipelines to steal crude then refining it or selling it abroad – has become a major cost to Nigeria's payouts to end rebellions aimed at securing a fairer sharing of the delta's oil wealth, many