Valero to shut down Delaware refinery Nov 22, 2009
said Friday that it will permanently close the company s Delaware City, Del ... The decision to permanently close the Delaware City refinery was a very difficult one, says Valero Chairman and CEO Bill Klesse. (San Antonio Business Journal, TX)
Valero refinery in Delaware City to close permanently Nov 21, 2009
Jeff Montgomery, The News Journal DELAWARE CITY, Del ... "The decision to permanently close the Delaware City refinery was a very difficult one,? Valero Chairman and CEO Bill Klesse said in a written statement. ?We have spent the last year diligently trying to avoid this situation, and I have worked closely with Gov. Markell in an effort to find a different outcome. "At this point, we have exhausted all viable options ... John H. Nickle Jr., a Delaware City native who has followed the refinery... (USA Today -- Money)
Oil eases on stronger greenback Nov 21, 2009
Valero Energy Corp., the largest US refiner, said it will close its Delaware City, Delaware, plant because of mounting losses after the recession eroded demand for gasoline and diesel. Gasoline for December delivery climbed 1. (Sydney Morning Herald -- Business)
Valero shuts another oil refinery Nov 21, 2009
Valero Energy has announced it is permanently shutting down its oil refining plant in Delaware City, with the loss of 550 jobs ... The Delaware City refinery was losing the company $1m a day, according to Valero spokesman Bill Day. (BBC News -- Business)
Highway travel rises as economy recovers Nov 21, 2009
Valero Energy Corp, the top U.S. independent oil refiner, said on Friday that it has begun permanently shutting down its plant in Delaware City, Delaware, as the weak economy batters the refining sector. The Transportation Department tracks motorists through more than 4,000 automatic traffic recorders operated by state highway agencies. (MSNBC -- Travel)
Valero shuts refinery as conditions worsen Nov 21, 2009
The company said Friday it must close the Delaware City refinery because of poor economic conditions. Demand for fuel has been falling for some time and the recession has made things worse, squeezing profit margins for companies like Valero. (KGW Northwest NewsChannel 8, OR -- Business)
Largest U.S. refiner Valero posts steep Q3 loss Oct 28, 2009
At its Delaware City refinery, the company streamlined operations by closing the gasifier complex and idling the coker. It also began to cut costs at its Paulsboro refinery in October. (Xinhuanet, China)
Valero Margins Squeezed by Rising Crude Prices Oct 28, 2009
In September, the company shuttered its coker and gasifier complex at its Delaware City refinery. The company also shut down its coker and fluid catalytic cracking unit at its Corpus Christi refinery and kept its Valero Aruba refinery closed for an extended period. (ABC News -- Wire)
How Wall Street Will Kill the Recovery Oct 21, 2009
But, as Truman Arnold trader Tom Knight wrote, "Though [refiners] say this is planned maintenance, we hear it is primarily motivated by very poor refining margins [and] the collapse of the sweet/sour crude spreads." Referring to "ongoing problems at the Delaware City [Del.] refinery," Knight gets the sense that this may be "the precursor to a permanent closure of that refinery." Basically, of course, overall demand for finished oil products is so weak and inventories so high that the "crack... (BusinessWeek)
Oil nears $80... Oct 20, 2009
San Antonio-based Valero Energy Corp. last month said it would idle two units at its Delaware City, Del. plant, cutting about 150 jobs, and Sunoco Inc. earlier this month said it would indefinitely idle its West Deptford, N.J., facility, which has about 400 full-time workers. (The Drudge Report)
Sunoco Joins Valero Shuttering Refineries as Winter No Match for Fuel Glut Oct 12, 2009
Valero must reduce more costs at plants in , New Jersey, and Delaware City, Delaware, and pursue strategic alternatives for them and the shuttered Aruba plant, Chief Executive Officer said in a memo to employees Oct. 8. The Oct. 6 announcement by Sunoco to shut the Eagle Point plant in Westville, New Jersey, highlights the difficult financial environment our industry is facing, particularly in the Northeast, Klesse said. (Bloomberg -- US)
Job mkt: 27 people lose job per hour Sep 20, 2009
In order to improve its profitability by rationalising underperforming operations, Valero Energy expects that these decisions would reduce headcount at the Delaware City refinery by at least 150 employees and 100 contract workers. Deere ny had said that 367 manufacturing employees in Illinois would be placed on indefinite layoff later this month due to reduced market demand for the factory's products. (India Times)
Valero Energy to Close Part of Delaware Refinery Sep 9, 2009
Valero's subsidiary, the Premcor Refining Group Inc., is closing the coking and gasifier complex at the Delaware City refinery, which process a particular type of heavy crude oil and petroleum coke. The rest of the refinery will remain open, company spokesman Bill Day said. (ABC News -- Wire)
Obituaries in the news Jul 8, 2009
Mitchell, who was killed in a crash near his Delaware City home, was pronounced dead during surgery at an area hospital, state police said. The crash occurred around 3 p.m. Monday when Mitchell's Toyota Prius crossed the centerline and collided with a GMC Savana. (Fresno Bee -- Nation)
Littleton Mitchell, civil rights activist Jul 8, 2009
- Delaware civil rights activist Littleton Mitchell died in a crash Monday near his Delaware City home ... - Delaware civil rights activist Littleton Mitchell died in a crash Monday near his Delaware City home. (Athens Banner-Herald)
Valero is planning public offering of common stock Jun 3, 2009
Valero s (NYSE: VLO) second quarter 2009 results, which will end June 30, have been impacted by an extended downtime at its Delaware City and McKee refineries and a continuation of weak sour crude oil discounts and lowered diesel margins. Over the past three months, Valero has acquired seven ethanol plants and a site currently under development from (OTCBB: VSUNQ) for $477 million, excluding working capital. (San Antonio Business Journal, TX)
Oil Rises to a Six-Month High as Equity Gains Spur Optimism of a Recovery May 19, 2009
Valero Energy Corp., the largest U.S. refiner, released gases into the atmosphere from its gasoline-producing unit at its Delaware City, Delaware, refinery yesterday. Gasoline for June delivery rose as much as 2. (Bloomberg -- Australia & New Zealand)
Refinery outage reduces Valero's production Feb 26, 2009
has experienced a problem in the coker unit of its Delaware City, Del ... The Delaware City refinery has a total throughput capacity of 210,000 barrels per day. (San Antonio Business Journal, TX)
