Energy
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Sunoco Logistics’ New Pipeline Project Passes Final Hurdle for Construction to Begin
Two years of meetings and hearings have paid off for Sunoco Logistics, as the Newtown Square company’s ambitious new pipeline project that will transport natural gas liquids from Western Pennsylvania to the Marcus Hook Industrial Complex has been granted approval. Mariner East 2, a 350-mile pipeline, is a nearly $4.2 billion investment into Pennsylvania’s economy,…
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Smart Energy Initiative of Southeastern Pennsylvania’s Annual Briefing Set for Feb. 24
The Smart Energy Initiative of Southeastern Pennsylvania will hold its Annual Energy Briefing on Friday, Feb. 24 from 9-11 AM at the PJM Conference and Training Center in Audubon. Click here to register. Speakers will present an industry forecast, trends in energy, and how businesses in the state are affected. They will also address pricing…
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Pennsylvania Energy Infrastructure Alliance Applauds Approval of Mariner East 2 Permits
Members of the Pennsylvania Energy Infrastructure Alliance have applauded the Pennsylvania Department of Environmental Protection’s decision to approve permits for the Mariner East 2 pipeline, allowing the project to proceed to construction. “Like we have been saying for some time, we believe that this project will give Pennsylvania a great competitive advantage and continue to…
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Projected Growth of Ethane Production Good News for Marcus Hook
The projected increase of average ethane production from 1.25 million barrels per day last year to 1.7 million barrels per day in 2018 is good news for Marcus Hook. According to the U.S. Energy Information Administration’s latest Short-Term Energy Outlook, the increased production of ethane will be mostly consumed domestically, with the rest exported. The…
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Transcript of Councilman Dave White’s Remarks at Tuesday’s Job Creation Announcement
By Councilman Dave White Good Afternoon. I’m Delaware County Councilman Dave White. I’m joined by Chairman Mario Civera Jr., Vice Chair Colleen Morrone, Councilmen John McBlain and Mike Culp. This afternoon we are thrilled to join Sunoco Logistics in the announcement of the creation of new jobs here in Marcus Hook. The influx of natural…
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Sunoco Logistics Part of Energy Panel Highlighting Region’s Potential to Challenge Gulf Coast
Newtown Square’s Sunoco Logistics was part of a panel that discussed the importance of the current pipeline development and also addressed the much larger context of turning Greater Philadelphia into an energy hub, writes Michelle Caffrey for the Philadelphia Business Journal. The main stakeholders involved in the effort of transforming the region into an energy…
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PennAg, Sunoco Logistics Launch Biosecurity Education Module at Pennsylvania Farm Show
PennAg Industries Association, the premier agribusiness association in Pennsylvania, and Sunoco Logistics, the Newtown Square-based petroleum transportation company, launched a biosecurity training and education module to raise awareness on the basics of farm safety and etiquette for the energy industry and beyond. Biosecurity is the prevention of disease from spreading to or from areas occupied…
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Middletown Residents Rally Support for Safety Study of Sunoco Pipeline
A study meant to alleviate the fears surrounding the Mariner 2 pipeline being constructed by Newtown Square’s Sunoco Logistics is getting enormous support from Middletown residents, writes Leslie Krowchenko for The Daily Times. More than 60 township residents attended a council meeting on Jan. 10 to show their support for the approval of a quantitative…
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Fortune: Merger Involving Newtown Square’s Sunoco Logistics One of Five Biggest Deals of 2016
While many were focused on the recent election, big businesses had other things on their mind, such as the recent, $51 billion merger between Sunoco Logistics Partners and Energy Transfer Partners, writes Lucinda Shen for Fortune magazine. The deal ranked as one of the five biggest mergers and acquisitions of 2016, according to the magazine.…
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Politics Halt North Dakota Pipeline of Newtown Square’s Sunoco Logistics
The Newtown Square company trying to complete a 1,172-mile pipeline that would crank open the flow of crude oil out of North Dakota and make it more affordable has seen its effort plugged by a political move from the Obama Administration, according to a Philadelphia Inquirer report by Andrew Maykuth. After granting a permit for…
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Local Proponents of New Pipeline Hope for Deregulation Boost from Donald Trump
Proponents of the lauded and controversial push to convert Philadelphia and its suburbs into the country’s energy hub are hoping to get a boost after Donald Trump takes over as President, writes Michelle Caffrey for the Philadelphia Business Journal. Business leaders have been working on promoting the city’s potential in the energy sector for the…
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Merger of Sunoco Logistics, Energy Transfer Partners Good for Companies, Not Investors
Sunoco Logistics Partners’ merger with affiliated business venture Energy Transfer Partners, which is based in Dallas, is likely to divert money from its investor pipeline to cash reserves and annual savings. That’s good news for the Newtown Square firm but bad news for investors, and as a result, Sunoco Logistics’ stock has sunk 11 percent…
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Sunoco Logistics Buys Energy Transfer Partners for $21 Billion
Texas billionaire Kelcy Warren is routing two of his pipeline companies into one with this week’s development that Sunoco Logistics Partners, which operates several pipelines that terminate at Marcus Hook, is buying Energy Transfer Partners in a $21 billion stock deal. “At long last, we have some material simplification in the most complex web of…
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PECO Shuts Down Plans for Gas, Solar Microgrid for Concordville
Plans for a natural gas- and solar-powered microgrid to back up portions of Concordville during power outages just went dark. Yielding to customer opposition, PECO shut down the $35 million effort and will look to go about it in a different way, according to a Philadelphia Inquirer report by Andrew Maykuth. The Pennsylvania Office of…
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PECO Helps Generate More Trails, Parks in Delaware County
PECO is paving the way for more recreational trails and community parks in Delaware County with more than $20,000 in grants. The good news came last week when PECO President and CEO Craig Adams and Natural Lands Trust President Molly Morrison presented a total of $60,000 to seven municipalities, mostly located in Delaware and Chester counties.…
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Sunoco Logistics Announces 46th Consecutive Quarter of Cash Distribution Increases
Sunoco Logistics Partners has continued its astonishing record of providing a cash distribution increase for the 46th consecutive quarter. The company announced that its partner, Sunoco Partners, has declared a cash distribution for the third quarter of $0.51 per common unit, or $2.04 annualized. This will be paid on Nov. 14 to unit holders of…
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Newtown’s Square’s Sunoco Logistics to Educate Pipeline Workers on Biosecurity
Newtown Square’s Sunoco Logistics Partners and Harrisburg’s PennAg Industries Association are partnering to create a biosecurity training module, writes Christine Manganas for the Pittsburgh Business Times. The module aims to educate and train contractors and employees on the basics of farm safety when working on pipeline construction. It will be available on the PennAg website…
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Newtown Square-Based Sunoco Logistics Buys Key Oil Assets in West Texas
After testing the waters with a joint venture in Midland, Texas, Newtown Square’s Sunoco Logistics Partners is going all in on the prospects for rich, shale-oil deposits there. Sunoco Logistics has struck a deal to buy out Vitol Group from its SunVit Pipeline joint venture and spend more than $760 million working capital on Vitol’s…
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