A Trusted Data Source for Supply & Demand Side Intelligence

Forgot your login?

Enter the e-mail address you used when you registered an account with IIR Energy.

A message will be sent to the E-Mail Address found in our records containing the associated username(s) as well as instructions for a password reset.

E-Mail:
Also, what is 24 + 8?

Marathon, MPLX Pare 2021 Spending Plans as Pandemic Outlook Offers Hopes, Warnings

Marathon, MPLX Pare 2021 Spending Plans as Pandemic Outlook Offers Hopes, Warnings

SUGAR LAND--February 3, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Marathon Petroleum Corporation (NYSE:MPC) (MPC) (Findlay, Ohio) sees a light at the end of the pandemic tunnel, as the refining giant pointed to improved market conditions in fourth-quarter 2020, when a slight recovery in fuel demand narrowed its quarter-over-quarter net loss. Still, MPC and MPLX LP (NYSE:MPLX), a master limited partnership that focuses on midstream and processing, have reduced their capital-spending outlooks for 2021. Industrial Info is tracking more than $15.4 billion in active projects from MPC worldwide, including about $2.2 billion worth under construction in the U.S.

Within this article: Details on some of the highest-valued projects from MPC and MPLX, including the South Texas Asset Repositioning (STAR) program at the Galveston Bay and Texas City refineries in Texas; a major pipeline from the Permian to the Texas Gulf Coast; and a series of gas-processing projects.

Login or Register for Instant Access

Subscribe Now!

(All Fields Required)