Items Tagged with 'heminger'

ARTICLES

Marathon Petroleum Accelerating Capex, Dropdowns

With optimism generated by global production restraints and the new political order in Washington, DC, Marathon Petroleum Corp. and master limited partnership MPLX LP are planning to spend up to $3.4 billion in capital expenditures this year while accelerating up to $1.4 billion in dropdowns to the pipeline partnership. Read More

U.S. Condensate Export Uncertainty Not Good, Marathon CEO Says

Echoing some of the criticism from Congress toward the U.S. Commerce Department on its handling of proposals to allow crude oil condensate exports (see Shale Daily, July 10), Marathon Petroleum Corp. (MPC) CEO Gary Heminger on Thursday said the uncertainty is counterproductive economically. He made the remarks during a 2Q2014 conference call reporting greatly increased quarter-over-quarter results. Read More