NEW YORK — Phillips Petroleum Co. said Sunday that it will acquire Tosco Corp. for $7 billion in stock, creating the nation’s second-largest oil refiner and a gasoline retailer with more than 12,000 ...
The most recent wave of mergers and acquisitions shows that the oil and gas industry continues to reshape itself. That reshaping arguably will be most dramatic in the US downstream. There, a ...
Tosco management failures that were never corrected after a 1997 explosion killed one worker were the primary cause of a fire that killed four more at the same refinery near Martinez two years later, ...
HOUSTON, Apr. 24-- Tosco Corp., Old Greenwich, Conn., Tuesday announced the coker processing unit at its 131,000-b/d Los Angeles Area Refinery (LAR) was shut as a result of a fire that also has ...
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