Free Republic

West Deptford's Eagle Point Refinery headed to India? Not so, say officials of reportBy Joe Green/Gloucester County Times Gloucester County Times Published: Tuesday, November 22, 2011, 4:00 AM WEST DEPTFORD TWP. — For many residents here, the story unfolded like an insulting hyperbole for the loss of American industry to other shores. Word was, the Sunoco Eagle Point Plant — at least part of it — was to be dismantled, loaded onto ships, and taken piece-by-piece to India’s east coast, to be rebuilt over there. But officials with Sunoco and a federal lending institution purported to be involved in a...

South Texas region draws third big investment in a weekNEW YORK (MarketWatch) — China National Offshore Oil Corp. and Norway’s Statoil ASA announced separate deals, both valued at more than $2 billion, to develop the Eagle Ford shale in south Texas. Statoil said Monday it would team up with Canada-based Talisman Energy Inc. to buy acreage in the Eagle Ford shale. Statoil and Talisman formed a joint venture to purchase assets from Enduring Resources LLC for $1.33 billion. Statoil will also pay $180 million for additional acreage. Statoil’s share of the two transactions will cost $843 million. Late Sunday, Cnooc...