How Delek already is suffering from climate legislation

By Geert De Lombaerde Posted on October 27, 2009 at 9:52 am

Consulting firm Wood Mackenzie says climate legislation now being considered spells big potential trouble for oil refiners because of the limited availability of free emission permits. That helps explain why shares of Delek US Holding have trailed the S&P by some 50 points in the past six months. Brentwood-based Delek has since the end of 2005 booked 62 percent of its unit-level profits from refining.

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Tags: climate change, Delek Refining Ltd., Delek US Holdings Inc., energy, legislative issues  

First fire, now lightning

By Geert De Lombaerde Posted on June 30, 2009 at 8:38 pm

Delek’s Texas refinery – which only came back online in April after a November explosion – has been struck by lightning.

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Tags: Delek Refining Ltd., Delek US Holdings Inc., energy, Texas  

Refiring the refinery

By Geert De Lombaerde Posted on April 19, 2009 at 10:42 pm

Delek US plans to restart operations at its 60,000-barrel-a-day refinery in Tyler, Texas, as early as Tuesday. The plant was shut down late last year after a deadly explosion and fire that wil result in $140 million in insurance claims.

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Tags: Delek Refining Ltd., Delek US Holdings Inc., energy, Texas  

Delek snags another defense deal

By Geert De Lombaerde Posted on April 1, 2009 at 7:30 am

The Department of Defense has renewed its contract to buy fuel from the Brentwood-based company (Ticker: DK) and increased its size from $102 million a year ago to more than $160 million. Delek has been supplying the military since 2006.

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Tags: Delek Refining Ltd., Delek US Holdings Inc., energy, government contracts, the military, U.S. Department of Defense