Updated Research on Marathon Oil – Refineries in Troubled Waters
www.wallstreetequityresearch.com helps investors assess the oil and gas industry fundamentals and the study of the major changes companies like Marathon Oil Corp. and Valero Energy Corp. Register now covering www.wallstreetequityresearch.com order to receive free research on this oil refineries.
The weak U.S. economic recovery is affecting oil refineries in the U.S. although a number of refineries in the quarter are expected to deliver positive results after a series of quarterly losses almost one year. Fuel prices are surprisingly on a downward trend this summer crushed by petty questions, which resembles a direct indication that unemployment in the U.S. continues to weigh on the economy. The Energy Information Administration recently announced that U.S. oil refinery was in a freefall for the first time since 2003. This decrease in capacity can be mainly attributed to the closure of two refineries located in New Jersey and Delaware, which, respectively, Sunoco and Valero Energy. The isolation of these two refineries resulted in a combined capacity reduction amounting to a total of 327,000 bpd, which was however partially offset by the expansion of Marathon Oil Corp. (NYSE: MRO) refinery in Louisiana. Free entrance examination to Marathon Oil Corporation today by signing up http://wallstreetequityresearch.com/July162010MarathonOilCorporation (MRO) 160710.php Read more
Alternative Petroleum Technologies Receives Purchase Order from Refinery for Emulsified Fuel Oil
Alternative Petroleum Technologies S.A. (“APT”) announced it has received a purchase order from a refinery owned and operated by India’s largest oil company, the Indian Oil Corporation Limited (“IOC”). After several months of consideration under an arduous tender process, APT was awarded the right to deliver its heavy fuel oil emulsion technology for up to one year for certain steam generation and crude heating systems within one of IOC’s refineries.
Satish Makhija, a senior refinery specialist with APT, stated “we are very excited to introduce the APT heavy fuel oil emulsion technology to India with such a high profile customer.” Mr. Makhija, the former head of IOC’s Research and Development Center said he believes the award of the contract under the formal competitive bid process helps establish APT as the leader in the emerging field of fuel emulsions in India.
