Imperial Oil Buys Into Exxon Move, Shell Partner Restarts Refinery: Energy Business Review
Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.
Motiva Enterprise, a joint venture with Royal Dutch Shell (NYSE:RDSA)(NYSE:RDSB), announced that it will restart its 325,000-barrel-per-day refinery expansion in Port Arthur as early as next week now that repairs to a unit that broke down days after its June start-up are complete, according to a knowledgeable source on Wednesday. Shell and Motiva, along with third partner Saudi Arabian Oil Co., launched the expansion in May before a chemical accident forced its main crude distillation unit to be closed.
Investing Insights: Is Chesapeake Energy a Long-Term Investment?