Energy
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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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Marcus Hook at Center of Natural-Gas Pipeline Push
Landowners across Pennsylvania are holding up critical clean energy projects — and tremendous potential economic development — and Marcus Hook is caught in the middle of it all. Delaware County’s natural-gas processing and shipping facilities are the primary destination for several proposed pipeline projects, including the well-known Mariner East 2 buildout of pipeline from Ohio…
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Villanova Students Work on New Tool to Reduce Energy Consumption by Cable Companies
The Society of Cable Telecommunications Engineers has teamed up with students at Villanova to work on a new tool aimed at helping major cable companies significantly reduce their energy consumption, writes Michelle Caffrey for the Philadelphia Business Journal. Graduate students in the sustainable engineering program will help develop a way for cable and telecommunications companies…
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Growing Natural Gas Demand Could Revitalize Marcus Hook Industrial Complex
With Royal Dutch Shell looking to take advantage of the increasing global demand for natural gas by building a strong petrochemical industry in the Appalachian Basin, the timing is right for the Marcus Hook Industrial Complex to join the party, writes Jamison Cocklin for NGI’s Shale Daily. According to ExxonMobil’s Senior Technology Adviser, Tahmid Mizan,…
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PECO Convenes Solar Collaborative to Advance Region’s Renewable Power
PECO recently convened a Solar Stakeholder Collaborative, modeled on processes the company used previously to develop conservation and wind-energy programs, to explore ways to advance renewable power in the region. “We’re committed to providing that same leadership and dedication to advancing solar energy,” Craig Adams, PECO’s chief executive, told about 80 energy experts and advocates…
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Delco Chamber of Commerce President Champions Pipelines to Revive Manufacturing
The Pennsylvania Energy Infrastructure Alliance (PEIA) recently issued statements in response to a new study that reveals how domestic natural gas strengthens manufacturing and encourages U.S. manufacturing growth and employment. The study, entitled “Energizing Manufacturing: Natural Gas and Economic Growth” and conducted by IHS Economics and the National Association of Manufacturers (NAM) Center for Manufacturing…
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Decline in Oil Prices Forces Radnor Company to File for Bankruptcy
The recent, dramatic decline in oil and natural gas prices has forced Radnor’s Penn Virginia Corp., one of the region’s oldest surviving business, to file for bankruptcy protection, writes Andrew Maykuth of the Philadelphia Inquirer. Penn Virginia Corp. was founded in 1882 by Philadelphia coal barons, and had transitioned to shale-oil production in recent years.…
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Newtown Square-Based Sunoco Logistics Announces 44th Straight Quarterly Increase
Newtown Square’s Sunoco Logistics Partners, a publicly traded limited partnership that owns and operates a logistics business, and its general partner, Sunoco Partners LLC, have announced that this year’s first quarter is the 44th straight they have increased distribution. Sunoco Partners LLC declared a cash distribution for the first quarter of $0.489 per common unit…
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Delta’s Refinery in Trainer Reports Losses
The refinery of Delta Air Lines in Trainer posted a $28 million loss in the first quarter of this year, after seven consecutive quarters of profitability, writes Linda Loyd of the Philadelphia Inquirer. According to Loyd, Delta did not detail on a conference call with investors why the refinery lost money, after reporting an $8…
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Philly’s Push to Become Energy Hub Benefits Delco
The Greater Philadelphia Chamber of Commerce recently hosted an event, “Building the Nation’s Next Energy Hub,” that called for the construction of a natural gas pipeline from the Marcellus Shale to the Philadelphia area, writes Dan McQuade of Philadelphia Magazine. The region currently consumes three billion cubic feet of natural gas a day; the Greater…
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Marcus Hook Terminal Featured in Wall Street Journal
The Wall Street Journal’s recent report on the Swiss petrochemicals giant Ineos Group Holdings SA’s acceptance of the first American shipment of shale gas to Europe highlighted the Marcus Hook terminal from which it departed. The ship is carrying a type of natural-gas liquid known as ethane that was extracted from the Marcellus Shale in…
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Politicians Laud Opening of Pipeline at Sunoco’s Marcus Hook Plant
Gov. Tom Wolf and other elected officials offered their praise, as the culmination of Sunoco Logistics’ Mariner East 1 project recently resulted in the first shipment of Marcellus Shale ethane from Western Pennsylvania to Europe via Marcus Hook. “The opening of the Mariner East pipeline represents a vital first step in redirecting Pennsylvania’s abundant natural…
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Sunoco Logistics Ships First Exports of Marcellus Shale Ethane
Approximately 173,000 barrels of Marcellus Shale ethane set sail Wednesday, marking the first export shipment of the liquid used in plastics manufacturing that is derived from natural-gas production. According to a Philly.com report, the shipment from Sunoco Logistics Partners’ Marcus Hook terminal is bound for a petrochemical plant in Norway. The barrels, which had been…
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