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Showing posts with the label Exxon oil and gasoline

Second explosion in one year on Aces FPSO in Pakistan

A fire broke out aboard the partially scrapped ACES FPSO at a shipbreaking plot in Gadani Pakistan.

Exxon Combine Pipeline Assets in New Joint Venture

Sunoco Logistics Partners ( SXL.N ) said on Wednesday it is forming a joint venture with Exxon Mobil ( XOM.N ), giving the midstream company strategic assets near the Dakota Access line while expanding its West Texas footprint for the second time in less than two months. The joint venture, called Permian Express Partners, will consist of assets owned by both companies, according to a statement. Sunoco Logistics will take a stake of 85 percent, while Exxon will control the remaining 15 percent.