Articles written by: Evan Dion

MPLX Reportedly Shuts Ozark Crude Pipeline to Illinois Due to Flooding

MPLX Reportedly Shuts Ozark Crude Pipeline to Illinois Due to Flooding

MPLX LP (MPLX) has decided to shut its 360,000 barrels per day Ozark crude pipeline that leads to Patoka, Ill., impacting crude flows to and from the Cushing oil storage hub in Oklahoma, according to media reports. The closure of the Ozark pipeline comes after outages at HollyFrontier’s (HFC) 125,000 b/d Tulsa refinery and the southern portion of Tallgrass Energy’s […]

Anadarko to Resume Takeover Talks With Occidental, Chevron Offer Still on Table

Anadarko to Resume Takeover Talks With Occidental, Chevron Offer Still on Table

Oil and gas production company Anadarko Petroleum (APC) said on Monday that it would like to resume negotiations with Occidental Petroleum (OXY), which has offered to take over the company, because it feels that the proposal could result in a superior one to that proposed by rival Chevron (CVX). Anadarko entered into a definitive merger agreement with Chevron on April […]

Chipotle Mexican Grill Receives New Subpoena Over Restaurant Illnesses

Chipotle Mexican Grill Receives New Subpoena Over Restaurant Illnesses

Chipotle Mexican Grill (CMG) disclosed that it received a new subpoena for information into illnesses at several restaurants, sending its stock lower a day after the company reported better-than-expected first-quarter results. In a filing on Thursday with the Securities and Exchange Commission, the restaurant said that on April 18 it got the request related to incidents at restaurants in Simi […]