Skip to main content

Downstream sales news

Hydrocarbon Engineering,


ConocoPhillips
ConocoPhillips is planning on selling assets over the next two years as it looks to cut debt and boost returns to shareholders. The company have announced that they expect to receive more than US$ 10 billion. So far Conoco have sold a 9% share in the Syncrude oilsands venture for US$ 4.65 billion.

Sinopec
Sinopec has announced plans and received shareholder approval to sell bonds in order to raise funds for refinery upgrades. The company wish to raise US$ 6.3 billion to upgrade refineries and petrochemical plants owned by the company to help meet the rising demand for refined products in China. 

Marathon Oil
Marathon has officially announced that it will sell US$ 800 million worth of oil and commercial assets. The company has signed a non-binding agreement with ACON Investments LLC, NTR Partners LLC and TPG Capital LP. The company will sell its St. Paul Park refinery, SuperAmerica convenience stores, SuperMom’s Bakery, SuperAmerica Franchising LLC and 300 mile Minnesota pipeline.

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/21052010/downstream_sales_news/

You might also like

The Hydrocarbon Engineering Podcast - Education and training for every phase of the insulating system design process

In this episode of the Hydrocarbon Engineering Podcast, Brandon Stambaugh, Owens Corning Director for Technical Services, joins us to discuss engineers’ demand for education and training to support the critical phases that affect the performance and longevity of insulating systems.

Tune in to the Hydrocarbon Engineering Podcast on your favourite podcast app today.

Apple Podcasts  Spotify Podcasts  YouTube

 
 

Embed article link: (copy the HTML code below):