Wednesday, April 7, 2010 as of 11:14 AM ET
Petroplus Holdings AG is Europe's largest independent oil refiner by capacity. When the company first formed in 1993 it was known as Petroplus International N.V.
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EB) Coryton refinery in England is operating as usual after a tolling agreement that kept the facility running after the company's insolvency ended last night, a Unite labor union representative said Thursday.A tanker with crude for the 220,000-barrel-a-day refinery is coming in Thursday, said Unite regional industrial organizer Russ Ball."There are some solid negotiations going on with different parties [bidding for the refinery]," he said.PricewaterhouseCoopers, the administrator of Petroplus's U.K. subsidiaries, wasn't immediately available to comment.Steven Pearson, a joint administrator and partner at PWC, said earlier this month that closure of the facility remained one of the options--along with selling, refinancing or restructuring.Coryton, the only one out of five Petroplus refineries that continued operating after the company lost access to all its credit lines and then filed for insolvency in January, employs around 850 people.Copyright © 2012 D...BP PLC (BP.LN) may continue to supply crude to Petroplus Holdings AG's (PPHN.EB) beleaguered Coryton refinery in southeastern England, Chief Executive Bob Dudley sai...
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Gasoline futures surged to their highest level in five months Friday, even as crude-oil futures were little changed, after a key gasoline unit was taken off line at ...
A French prosecutor has launched an investigation into the insolvency filing by the local unit of Swiss-based refiner Petroplus Holdings AG (PPHN.EB).The prosecutor ...
London's Heathrow and Gatwick airports Tuesday said they were adequately supplied with fuel despite the impending closure of a refinery that supplies 20% of the fuel...
London's Heathrow and Gatwick airports Tuesday said they don't expect to be affected by the parent company of a fuel supplier's plans to file for insolvency.The Cory...
French oil major Total SA (TOT) isn't interested in buying the refineries Swiss-based Petroplus AG (PPHN.EB) put up for sale, a Total spokesman said Friday.Beleaguer...
Shares of Swiss refining group Petroplus Holdings AG sank nearly 40% on Tuesday in Zurich after the company announced lenders had frozen $1 billion in uncommitted cr...
By Emma FargeLONDON (Reuters) - European refiners are poised for another decade of pain from low profits and run rates as a string of plant sales to emerging market ...
By Tom Bergin and Olesya DmitracovaLONDON (Reuters) - Safety experts Friday launched an investigation into an explosion that killed four people and seriously injured...
LONDON (Reuters) - U.S.-based Chevron Corp <CVX.N> said on Friday it had launched an inquiry into an explosion at its oil refinery in southwest Wales which killed fo...
Four people were killed and one was seriously injured in an explosion at an oil refinery in southwest Wales, the plant's owner Chevron Corp said on Friday.The blast ...
There is still no confirmed deal for Petroplus Holdings AG's (PPHN.EB) Coryton refinery in England although a tolling agreement keeping the facility running after Pe...
French Energy Minister Eric Besson said Wednesday talks are underway with Swiss privately held Klesch Group and other potential buyers for the acquisition of a Frenc...
French Energy Minister Eric Besson Friday said banks had agreed with insolvent Swiss-based refiner Petroplus Holdings AG (PPHN.EB) to transfer cash and fuel to the c...
The administrator of Petroplus Holdings AG's (PPHN.EB) U.K. subsidiaries aims to reach a deal to sell the Coryton refinery in England within 30 days, a joint adminis...
The administrator of Petroplus Holdings AG's (PPHN.EB) U.K. subsidiaries aims to reach a deal to sell the Coryton refinery in England within 30 days, a joint adminis...
Bids from serious parties for the Petroplus Holdings AG's (PPHN.EB) Coryton refinery in England are expected to be submitted by April 2, the deadline set by Pricewat...
A fall in output at Petroplus Holdings AG's (PPHN.EB) Coryton refinery in southeast England has led to a 5% increase in sales volume at a large U.K. independent impo...
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