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Keyword: refinery

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  • Iraq forces break IS siege on key oil refinery

    11/16/2014 12:17:44 PM PST · by thackney · 10 replies
    Xinhua ^ | 2014-11-16 | Xinhua
    Iraqi security forces on Sunday broke the Islamic State (IS) group's months-long siege of the country's largest oil refinery in Salahudin province, a provincial security source said. "In the early morning hours, the security forces and allied tribal fighters took full control of the sprawling Baiji refinery after they secured the roads leading to the refinery buildings and met with those troops inside who have been fighting back the attacks of IS militants for more than five months," the source told Xinhua on condition of anonymity. The army's armored vehicles deployed in the oil installation and started to expand to...
  • Iraq's forces drive IS militants from key town

    11/14/2014 8:25:27 PM PST · by GonzoII · 3 replies
    Associated Press ^ | Nov 14, 4:54 PM EST | HAMZA HENDAWI and JOHN HEILPRIN
    BAGHDAD (AP) -- Iraqi forces drove Islamic State militants out of a strategic oil refinery town north of Baghdad on Friday, scoring their biggest battlefield victory since they melted away in the face of the terror group's stunning summer offensive that captured much of northern and western Iraq. The recapture of Beiji is the latest in a series of setbacks for the jihadi group, which has lost hundreds of fighters to airstrikes by a U.S.-led coalition in a stalled advance on the Syrian town of Kobani. On Friday, activists there reported significant progress by Kurdish fighters defending the town. Iraqi...
  • Iraqi forces retake most of strategic oil town

    11/11/2014 1:27:13 PM PST · by thackney · 3 replies
    Fuel Fix ^ | November 11, 2014 | Associated Press
    Iraqi soldiers battling the Islamic State group recaptured most of the town of Beiji, home to the country’s largest oil refinery, state television and a provincial governor said Tuesday. The strategic town, 250 kilometers (155 miles) north of Baghdad, will likely be a base for a future push to take back Saddam Hussein’s hometown just to the south, one of the main prizes overrun by the extremists last summer. But troops backed by Shiite militias faced pockets of stiff resistance around Beiji, hindering their advance. There was no word on the fate of the refinery, which lies on Beiji’s northern...
  • Exxon, Chevron Show Keeping Refineries Has More Value Than Breakup

    11/03/2014 10:27:27 AM PST · by Citizen Zed · 11 replies
    The Street ^ | 11-3-2014 | John Licata
    Lost in the translation of Exxon's and Chevron's earnings reports was the surprising strength in their respective refinery segments. The same cheaper oil that crimped earnings upstream allowed wider margins in the downstream business. There hasn't been a new refinery built in the U.S. since 1976. So operational efficiency is even more important for integrated oil and gas companies that are now facing a weaker price environment for oil and gas. Softer energy prices means integrated companies can also benefit from cheaper oil prices by strategically creating a more economical product mix which may be useful to help lower operating...
  • Refining Saudi Arabia’s Oil Strategy

    11/03/2014 5:04:58 AM PST · by thackney · 20 replies
    Wall Street Journal ^ | Nov. 2, 2014 | LIAM DENNING
    Those banking on a rebound in oil prices shouldn’t look down. Downstream, that is. Judging by third-quarter results reported last week by the likes of Exxon Mobil and Royal Dutch Shell , the downstream business—oil refining and marketing—is doing just fine. But results are backward-looking, and the quarter that ended in September only partly reflected recent turmoil in oil markets. Since Oct. 1, the Gulf Coast “crack spread,” a proxy for the margins U.S. refiners make on each barrel of oil they process, has plummeted to about $5.50 from almost $16. That is despite the fact that the price of...
  • Exxon sees profit rise on refining strength

    10/31/2014 6:34:07 AM PDT · by thackney · 2 replies
    Fuel Fix ^ | October 31, 2014 | Robert Grattan
    The world’s largest oil and gas company saw profits rise in the third quarter, as strong margins and operations at its chemical and downstream businesses offset a production decline. Exxon Mobil Corp. said its earnings rose 3 percent to $8.07 billion, from $7.87 billion in the same period a year prior. The Irving, Texas-based company reported an earnings per share of $1.89, up from $1.79 in Q3 2013. In a written statement, Exxon CEO Rex Tillerson said that the earnings growth was “driven by higher margins and improved operations in the downstream and chemical businesses,” and had been “partially offset...
  • Phillips 66 profits double on crude price plummet

    10/29/2014 7:27:40 AM PDT · by thackney · 10 replies
    Fuel Fix ^ | October 29, 2014 | Rhiannon Meyers
    Plummeting crude prices worldwide doubled Phillips 66′s profits in the third quarter, providing the company with a cheaper feedstock to run its refineries. Crude oil is, by far, the largest operating expense for the Houston-based company, which operates pipelines and refineries. Phillips 66 purchases about 2 million barrels of oil per day, spending more than $80 billion per year on crude, depending on the price. Falling prices can dramatically cut the company’s costs — a savings of $1 per barrel is worth about $450 million in net income, the company has reported. The company on Wednesday reported earnings of $1.2...
  • North Dakota: $200 million, 20,000-barrel-a-day oil refinery could get green light

    10/22/2014 5:35:18 AM PDT · by TurboZamboni · 6 replies
    Pioneer Press ^ | 10-21-14 | Kevin Bonham
    DEVILS LAKE, N.D. -- A $200 million, 20,000-barrel-a-day clean fuels oil refinery could be operating near Devils Lake within three years. The refinery, similar to one being built in Dickinson, would employ about 100 people and could create as many as 400 spin-off jobs in the area, according to Rachel Lindstrom, executive director of Forward Devils Lake, the region's economic development agency. "It's very exciting for Devils Lake," she said, "a great opportunity." Devils Lake City Commission approved a letter of support for the project this week. The refinery is being proposed by Eagles Ledge Energy Ltd., based in Vancouver,...
  • ISIS Reportedly Captured Saddam’s Chemical Weapons Stockpiles, Attacks Key Refinery

    06/19/2014 4:55:20 PM PDT · by 2ndDivisionVet · 48 replies
    PJ Tatler ^ | June 19, 2014 | Bryan Preston
    Well, here’s some lovely news emerging from the new Iraq. 17.09 Chemical weapons produced at the Al Muthanna facility, which Isis today seized, are believed to have included mustard gas, Sarin, Tabun, and VX. Here is the CIA’s file on the complex. QuoteStockpiles of chemical munitions are still stored there. The most dangerous ones have been declared to the UN and are sealed in bunkers. Although declared, the bunkers contents have yet to be confirmed. These areas of the compound pose a hazard to civilians and potential blackmarketers. Numerous bunkers, including eleven cruciform shaped bunkers were exploited. Some of the...
  • RPT-COLUMN-US refineries fast running out of flexibility on crude: Kemp

    10/09/2014 5:16:27 AM PDT · by thackney · 9 replies
    Reuters ^ | Oct 8, 2014 | John Kemp
    The United States imported more than 7 million barrels per day of crude oil during the first seven months of the year, despite the shale boom, according to the U.S. Energy Information Administration (EIA). Crude imports have fallen from a peak of almost 14 million barrels per day in 2006, but they still account for almost half the barrels processed by U.S. refineries. Some observers have expressed unease about lifting the ban on crude exports while the United States continues to rely on imports to meet such a high proportion of its needs. "With regard to the oil export question,...
  • Energy Quote of the Day: 'We are Still Assessing the Outcome of the Attack on the Refineries'

    10/02/2014 5:11:19 AM PDT · by thackney · 2 replies
    The Energy Collective ^ | October 1, 2014 | Jared Anderson
    The US military partnered with Saudi Arabia and the UAE on air strikes that bombed 12 “teapot” refineries in eastern Syria reportedly used as part of ISIS’ underground oil operations. These small modular refineries – producing 300 to 500 barrels per day of refined products – are major sources of funding for the extremists, generating “as much as $2 million per day,” according to a US Central Command release. “We are still assessing the outcome of the attack on the refineries, but have initial indications that the strikes were successful.” – US Central Command It’s been reported that ISIS is...
  • Pentagon: Most of ISIS’ oil refineries in Syria have been destroyed

    09/30/2014 8:53:54 AM PDT · by GonzoII · 12 replies
    Washington Times ^ | Tuesday, September 30, 2014 | Maggie Ybarra
    The Pentagon says that it has demolished the majority of the oil refineries the Islamic State has been using to fund its terrorist activities and now is systematically destroying the Syria-based stockpiles that support the terrorist network’s fighters in Iraq. Over the past several days, the U.S. military and its Arab nation partners have pummeled eastern Syria with missiles, razing 16 of about 20 Islamic State-controlled oil refineries, a senior Pentagon official said. Now, the multinational operation will focus on hindering the extremist group’s ability to conduct combat in Iraq.
  • Pentagon: New airstrikes target refineries used by ISIS in Syria

    09/24/2014 4:34:04 PM PDT · by plain talk · 48 replies ^ | September 24, 2014 | CNN
    U.S. and coalition warplanes pounded ISIS positions in eastern Syria on Wednesday, targeting what a Pentagon official described as mobile oil refineries being used by the so-called Islamic State terror group.
  • Fighting Close to Libyan Oilfield, Refinery as Rival 'Oil Minister' Appears

    09/22/2014 5:21:54 AM PDT · by thackney · 1 replies
    Reuters via Rig Zone ^ | September 22, 2014 | Ayman al-Warfalli & Feras Bosalum
    Soldiers and police have clashed in the last few days near Libya's biggest El Sharara oilfield in the south, while separate fighting erupted in the west not far from the Zawiya refinery, residents and medics said. The violence came as video emerged on social media purportedly showing a rival oil minister appointed by an armed opposition group controlling the capital Tripoli giving a speech at the oil ministry. If confirmed this could mean the central government has lost control of the oil ministry, potentially paralysing vital oil exports over questions of ownership. Apparently speaking from the office of the deputy...
  • Texas Refinery Is Saudi Foothold in U.S. Market

    09/14/2014 10:10:28 AM PDT · by Lorianne · 22 replies
    New York Times ^ | 04 April 2013 | Clifford Krauss
    PORT ARTHUR, Tex. — It is hard to imagine the desert sands of the Persian Gulf being any farther away than from this swampy refinery port known for Cajun food, sport fishing and being the birthplace of Janis Joplin. But right in the middle of town stands a strategic outpost for Saudi Arabia’s global ambitions, although one that the Saudis appear loath to publicize. The giant Motiva oil refinery, which just completed a $10 billion expansion that makes it the largest processor of gasoline, diesel and other petroleum products in the United States, is owned by Saudi Aramco and Royal...
  • ISIS sets fire to Iraq’s largest oil refinery

    09/13/2014 3:16:36 PM PDT · by sheikdetailfeather · 31 replies
    Legal Insurrection ^ | 9-13-14 | Amy Miller
    <p>Islamic State militants have set fire to Iraq’s largest oil refinery, escalating tensions in the region and raising questions about how much control ISIS could potentially gain over the world’s oil supply.</p> <p>This isn’t the first time this particular refinery has been attacked; it’s a favorite target of ISIS militants. They have attacked the refinery in the past as a way of securing fuel to smuggle to parties who fund their self-declared “caliphate” in northern Iraq and Syria.</p>
  • COLUMN-Worst time for Saudi Arabia's giant new oil refinery: Russell

    09/10/2014 9:43:33 AM PDT · by thackney · 5 replies
    Reuters ^ | Sep 10, 2014 | Clyde Russell
    If you could pick the worst set of circumstances in which to start up a giant, export-oriented oil refinery, you might well have them right now. Saudi Aramco and joint venture partner Sinopec have started test runs at their 400,000 barrel per day (bpd) Yanbu refinery, located in the oil-rich Middle Eastern kingdom. This puts the new plant on schedule to begin commercial exports in November, possibly even by the second half of October, according to trade sources. Yanbu will be the second major refinery to come online in Saudi Arabia in little more than a year, following the September...
  • Gulf Coast drives surge in U.S. exports of petroleum products

    09/09/2014 7:12:27 AM PDT · by thackney · 3 replies
    Fuel Fix ^ | September 9, 2014 | Rhiannon Meyers
    The Gulf Coast is driving a surge in U.S. exports of petroleum products as refineries run at near-record levels, according to recent reports. In June, the United States on average exported 3.7 million barrels per day of gasoline, distillate, jet fuel, petroleum coke and hydrocarbon gas liquids, according to the most recent data available. That’s an increase of 17 percent, or 543,000 barrels per day, from the same time last year, the Energy Information Administration said in a newly released analysis. Nearly three-quarters of that growth came from the Gulf Coast, where refineries remain “extremely competitive” against their global counterparts...
  • Fire out after BP Whiting refinery explosion

    08/28/2014 5:53:26 AM PDT · by thackney · 4 replies
    Fuel Fix ^ | August 28, 2014 | Collin Eaton
    An explosion shook BP’s biggest U.S. refinery late Wednesday in Whiting, Indiana, but appears to have left no serious injuries after a fire was extinguished. A spokesman for the Whiting Fire Department said Thursday a compressor at the refinery exploded, causing a blast that was felt at the station one-half mile away from the refinery. It caused a fire at the facility, but no injuries were reported, he said. One worker was taken to the hospital as a precaution, but was later released, BP spokesman Scott Dean said in an emailed statement. The London oil company said the fire was...
  • Eagle Ford wave lifts Blue Dolphin Energy refinery

    08/21/2014 5:30:24 AM PDT · by thackney · 1 replies
    Fuel Fix ^ | August 21, 2014 | Vicki Vaughan
    The Eagle Ford Shale is boosting the fortunes of Blue Dolphin Energy Co., which took a chance when it bought a rusty, mothballed refinery in the small town of Nixon about seven years ago. Blue Dolphin bought the plant out of bankruptcy before the promise of the Eagle Ford was apparent. The company spent tens of millions refurbishing the plant and restarted it in early 2012. Nixon, which is about 54 miles east of San Antonio, straddles Gonzales and Wilson counties in a booming part of the shale play. The plant buys every drop of its crude oil from drillers...
  • Gulf Coast to benefit from refinery retrofits

    08/21/2014 5:27:02 AM PDT · by thackney · 2 replies
    Fuel Fix ^ | August 21, 2014 | Rhiannon Meyers
    The Texas Gulf Coast will be ground zero for a push to equip refineries to handle a flood of light crude unlocked in the U.S. shale boom, but the investments will be relatively conservative, a petrochemical consultant said Wednesday. Refiners won’t spend the big bucks they dropped when they retooled to handle heavy, high-sulfur crude several years ago, largely because it’s cheaper and simpler to modify a refinery to process lighter crude, said Jim Jones, senior vice president at Dallas-based petrochemical consulting firm Turner, Mason and Company. “It won’t be a $5 billion investment, it will be a couple million...
  • Recent improvements in petroleum trade balance mitigate U.S. trade deficit

    07/21/2014 5:28:31 AM PDT · by thackney · 3 replies
    Energy Information Administration ^ | JULY 21, 2014 | Energy Information Administration
    Since the mid-1970s, the United States has run a deficit in merchandise trade, meaning that payments for imports exceeded receipts for exports. This large and growing deficit on the merchandise trade balance reached a maximum of $883 billion in the second quarter of 2008. As a result of the recession, dramatic declines of imports in excess of exports during the fourth quarter of 2008 and the first quarter of 2009 reduced the merchandise trade deficit by 49%, to $449 billion in the second quarter of 2009. This trend of declining imports resulted in the lowest quarterly deficit level since early...
  • Tesoro Refinery fire, Anacortes, Washington

    07/16/2014 6:39:38 PM PDT · by WhiskeyX · 38 replies
    WhiskeyX | 2014-07-16 | WhiskeyX
    At least two large fires that appear to be uncontrolled are visible at the Tesoro Refinery, Anacortes, Washington. No further information is available at this time. The Tesoro website does not say anything about the fires yet.
  • 2014 U.S. petroleum refinery update: capacity edges up, ownership shifts

    06/30/2014 5:11:16 AM PDT · by thackney · 6 replies
    Energy Information Administration ^ | June 30, 2914 | Energy Information Administration
    As of January 1, 2014, there were 139 operating refineries and 3 idle refineries with total atmospheric crude oil distillation capacity (ACDU) of 17.9 million barrels per calendar day (bbl/cd), a 101,000-bbl/cd increase in capacity from January 1, 2013. In 2013, four refineries changed ownership, continuing the trend of a handful of sales each year. This information is detailed in EIA's recently released Refinery Capacity Report, which surveys U.S. refinery ownership and capacity annually at the start of each year. Valero Energy Corporation remains the largest U.S. refiner, with total ACDU capacity of more than 1.9 million bbl/cd. Exxon Mobil...
  • Iraqi air strikes kill 38 in Baiji

    06/25/2014 10:34:15 AM PDT · by thackney · 15 replies
    Gulf Daily News ^ | June 25, 2014 | Gulf Daily News
    Air strikes killed at least 38 people yesterday as security forces held off attacks on a strategic town and an oil refinery, officials and witnesses said. In the town of Baiji, north of Baghdad, air strikes killed at least 19 people and wounded at least 17 in the morning, while further raids in the evening killed six more. Officials said the dead and wounded were civilians, and it was unclear if there were any casualties among the militants, who were the target of the strikes. State television said 19 "terrorists" were killed in the earlier Baiji raids. In the Husseibah...
  • Praviy sector continues his struggle against the terrorists' sponsors

    06/25/2014 7:22:21 AM PDT · by Freelance Warrior · 3 replies
    Praviy Sector official site ^ | 06/25/2014 | Praviy Sector
    This morning the special unit "Sich" of Praviy Sector has seized control over Dolin's oil refinery in Kirovograd province. The action was carried out as a part of a Praviy Sector's programme which is targeted at sponsors of the separatist movement in Donbass. The plant belongs to organisations affiliated with a "Partia Regionov" party MP Rooslun Tsyplakov, who is close with the Yanukovich's family and has fled to Moscow while his brother Sergei is a leader of the terrorist organisation "Donetsk People's Republic". The takeover was decided after Praviy Sector had been informed by the refinery's employees that the company...
  • BBC News Struggle for Iraq:Kurdish snipers in fierce gun battle w/Isis fighters [Disturbing images]

    06/24/2014 10:50:52 PM PDT · by JerseyanExile · 10 replies
    Global BBC News Youtube ^ | Jun 20, 2014 | BBC
    There has been more fierce fighting in Iraq as Isis forces battle to control areas in the north and east of the country. The fate of the country's biggest oil refinery remains unclear, as fighting continues between Sunni jihadists led by Isis, and Iraqi government and Kurdish forces. The BBC's Fergal Keane went to Jalula in northern Iraq, and obtained exclusive footage of Isis suspects surrendering to Kurdish forces. Link
  • Iraq Crisis: Key Oil Refinery 'Seized by Rebels'

    06/23/2014 9:07:42 PM PDT · by nickcarraway · 6 replies
    Sunni rebels in Iraq say they have fully captured the country's main oil refinery at Baiji, north of Baghdad.The refinery had been under siege for 10 days with the militant offensive being repulsed several times. The complex supplies a third of Iraq's refined fuel and the battle has already led to petrol rationing. Insurgents, led by the group Isis, have overrun a swathe of territory north and west of Baghdad including Iraq's second-biggest city, Mosul. They are bearing down on a vital dam near Haditha and have captured all border crossings to Syria and Jordan. A rebel spokesman said the...
  • Hundreds of Troops Remain Surrounded in Iraq's Key Refinery, Says US Official

    06/22/2014 10:24:24 AM PDT · by mojito · 17 replies
    ABC News ^ | 6/21/2014 | Martha Raddatz
    Hundreds of Iraqi troops battling for control of the vital Baiji oil refinery are outnumbered, surrounded and remain trapped inside the facility, a U.S. official told ABC News. The battle for the refinery was in its fifth day today, although fighters for the radical Islamic militia ISIS have apparently taken control of much of the facility and are willing to keep the government forces isolated until they run out of food and ammunition, sources said. [....] Both sides have claimed to be in control of the facility, but witnesses have reported that ISIS has hung its black banners from the...
  • Hundreds of Troops Remain Surrounded in Iraq's Key Refinery

    06/21/2014 5:45:35 AM PDT · by Citizen Zed · 16 replies
    abc news ^ | 6-21-2014 | MARTHA RADDATZ
    BAGHDAD, Iraq — Hundreds of Iraqi troops battling for control of the vital Baiji oil refinery are outnumbered, surrounded and remain trapped inside the facility, a U.S. official told ABC News. The battle for the refinery was in its fifth day today, although fighters for the radical Islamic militia ISIS have apparently taken control of much of the facility and are willing to keep the government forces isolated until they run out of food and ammunition, sources said. "There is very little the Iraqi government can do to save or liberate those guys," a U.S. official told ABC News. There...
  • SKY NEWS: Iraq Forces 'Retake' Oil Refinery From ISIS

    06/19/2014 1:24:47 PM PDT · by SeekAndFind · 20 replies
    Sky News ^ | 06/19/2014
    Iraqi forces have regained full control of the country's biggest oil refinery after heavy fighting with Sunni militants attempting to seize it, the authorities claim. A refinery employee and witnesses said the insurgents led by the jihadist Islamic State in Iraq and the Levant (ISIS) had withdrawn from the sprawling Baiji complex after losing 100 fighters as troops and helicopter gunships repelled repeated attacks, according to the Iraqi military. The retaking of the plant, north of Baghdad, comes amid calls for the Iraqi prime minister Nouri al Maliki to quit as a condition of US help in driving back insurgents...
  • Crude oil edges toward $107 after Iraq refinery attacked

    06/18/2014 7:16:33 AM PDT · by Biggirl · 3 replies
    Market Watch ^ | June 18,2014 | William L. Watts, Barbara Kollmeyer
    NEW YORK (MarketWatch) — Crude-oil prices edged higher on Wednesday, with the U.S. benchmark pushing back toward $107 a barrel after militants in Iraq attacked the country's biggest oil refinery, underlining worries about potential threats to export facilities in the south.
  • Oil Nears $107 as Iraq Refinery Attacked

    06/18/2014 7:01:22 AM PDT · by PoloSec · 13 replies
    News Max ^ | June 18 2014 | News Max
    The price of oil neared $107 as traders looked ahead to the outcome of a Fed meeting later Wednesday and as violence persisted in energy producer Iraq, where Islamic militants attacked the country's largest refinery. Benchmark U.S. crude for July delivery rose 38 cents to $106.73 a barrel on the New York Mercantile Exchange by midafternoon in Asia. Brent crude, a benchmark used to price international oils, added 13 cents to $113.58 a barrel on the ICE Futures exchange in London. Markets are awaiting the conclusion of the Federal Reserve's two-day policy meeting, when it will release its latest forecasts...
  • Iraq's biggest oil refinery shut down, foreign staff evacuated

    06/17/2014 8:22:02 AM PDT · by Rusty0604 · 15 replies
    Reuters ^ | 06/17/2014 | Oliver Holmes
    Iraq's biggest oil refinery, Baiji, has been shut down and its foreign staff evacuated, refinery officials said on Tuesday, adding that local staff remain in place and the military is still in control of the facility “Due to the recent attacks of militants by mortars, the refinery administration decided to evacuate foreign workers for their safety and also to completely shut down production units to avoid extensive damage that could result," a chief engineer at the refinery said on condition of anonymity.
  • Al Qaeda Insurgents Surround Iraq's Largest Refinery

    06/12/2014 10:02:24 AM PDT · by SeekAndFind · 10 replies
    Zero Hedge ^ | 06/12/2014 | Tyler Durden
    While there had been sporadic reports over the past few days that Al Qaeda's ISIS spinoff had surrounded or even taken control of Iraq's largest refinery in Baiji, the government was quick to deny such rumors. As was reported earlier, the Baiji refinery remained under government control on Thursday after Sunni rebels' offensive through northern Iraq, Iraqi Oil Minister Abdul Kareem Luaibi said. Luaibi said Iraq was not importing any additional fuel and that stored supplies of gasoline and diesel were good. Militants from an al Qaeda splinter group, who seized Iraq's second biggest city of Mosul this week,...
  • Insurgents surround Iraq's largest refinery in Baiji

    06/12/2014 9:56:47 AM PDT · by Rusty0604 · 10 replies
    Reuters ^ | 06/12/2014 | Ghazwan Hassan
    Insurgents surrounded Iraq's largest refinery in the northern town of Baiji on Thursday, police and an engineer inside said. Sunni militants first moved into Baiji late on Tuesday, closing in on the refinery, but later withdrew to the surrounding villages after reaching a deal with local tribal chiefs. A witness who lives in a house near the refinery said the militants arrived in more than 50 vehicles.
  • Al Qaeda Splinter Group ISIS Marches Towards Iraq's Biggest Oil Refinery

    06/11/2014 9:05:03 PM PDT · by Ray76 · 16 replies
    Breitbart ^ | Jun 11, 2014 | Jordan Schachte
    Sunni Islamist militants from the Islamic State in Iraq and the Levant (ISIS) have rapidly expanded their control of Iraq as a whole. The group is now said to be within range of overtaking Iraq’s biggest oil refinery in the city of Baiji. ... ISIS is an Al Qaeda-offshoot that seeks to create a Sharia law compliant Sunni Islamic caliphate that runs through both Iraq and Syria.
  • $10 billion oil sands crude refinery planned for Canada's Pacific coast

    06/10/2014 1:26:10 PM PDT · by thackney · 11 replies
    Reuters ^ | Jun 10, 2014 | NIA WILLIAMS
    A Vancouver-based company said on Tuesday it was planning to build a C$10 billion oil refinery on the north-west coast of British Columbia that could eventually process up to 1 million barrels per day of oil sands bitumen. Pacific Energy Future Corp, which was set up in January, is looking at three potential building sites in Prince Rupert, BC. The project is the second new refinery proposed for Canada's west coast to process the large quantities of crude oil coming out of Alberta's oil sands and export the refined products. Pacific Energy Future Corp Executive Chairman Samer Salameh said the...
  • EPA toughening oil refinery regulations

    05/15/2014 11:46:10 AM PDT · by PoloSec · 25 replies
    The Hill ^ | May 15 2014 | Benjamin Goad
    The Environmental Protection Agency moved Thursday to beef up air quality regulations for oil refineries, an action officials said would cut toxic emissions by 5,600 tons per year. The agency maintained the updated standards would protect public health with negligible impacts on the cost of petroleum — a contention immediately disputed by the oil and gas industry. Under the proposed changes, companies would for the first time be required to monitor concentrations of benzene, a chemical compound linked to an array of health problems, surrounding the refineries. Results of the monitoring would be made available to the public. The new...
  • EPA Proposes Changes to Refinery Emission Rules

    05/15/2014 9:45:58 AM PDT · by Oldeconomybuyer · 11 replies
    ABC News ^ | May 15, 2014
    The U.S. Environmental Protection Agency has proposed changes to oil refinery rules that would compel operators to monitor benzene emissions, upgrade storage tank emission controls, ensure waste gases are properly destroyed and adopt new emission standards for delayed coking units. The move is part of a consent decree that resolved a lawsuit filed by nonprofit environmental attorneys with Earthjustice and the Environmental Integrity Project.
  • Domestic crude makes up half of U.S. East Coast refinery receipts in January 2014

    05/08/2014 5:28:28 AM PDT · by thackney · 3 replies
    Energy Information Administration ^ | April 30, 2014 | Energy Information Administration
    Domestic crude makes up half of U.S. East Coast refinery receipts in January 2014 Receipts of domestic crude oil at East Coast (PADD 1) refineries in January were approximately equal to receipts of foreign crude oil (Figure 1), reflecting a very significant change from recent experience. In January 2013, domestic crude oil was only 18% of total PADD 1 crude receipts, and in January 2012 domestic crude accounted for just 5% of PADD 1 receipts. Rising U.S. crude oil production in the Bakken formation in North Dakota combined with the expansion of crude-by-rail infrastructure, which has facilitated movement of Bakken...
  • Phillips 66 expands area facilities with gaze focused abroad

    03/23/2014 6:27:19 PM PDT · by thackney · 1 replies
    Fuel Fix ^ | March 23, 2014 | Ryan Holeywell
    The Phillips 66 refinery can seem a maze of tanks, pipes and valves for the uninitiated, even with descriptively named paths like “Diesel Drive” and “Coker Road” showing the way. Originally built by the U.S. government to process fuel for Allied aircraft during World War II, the plant now is the largest refinery by capacity in the portfolio of Phillips 66, Houston’s biggest Fortune 500 company. As Phillips 66 officials led a media tour tour this week, crews were preparing the site for the latest addition — a fractionator to separate natural gas liquids into components including ethane, propane and...
  • Breaking: Largest European Refinery Catches on Fire – Happens to Be in Russia

    03/04/2014 7:32:15 PM PST · by Nachum · 28 replies
    breitbart ^ | 3/4/14 | Jim Hoft
    The largest European refinery caught on fire today. The refinery happens to be in Russia. It will take months to get production back up. Jalopnik reported: Amazingly, no one was injured when Europe’s largest oil refinery, like, totally burned with the force of a thousand suns yesterday. And obviously it’s in Russia.P The refinery is OJSC TANECO, formerly known as the Nizhnekamsk refinery, in Tartarstan. If you get into your Lada and drive due East from Moscow, you’ll get there in about 14 hours.P Reuters reports that the fire was put out the same evening it started and there were...
  • EPA finalizes Tier 3 motor fuel, other requirements

    03/03/2014 11:56:29 AM PST · by thackney · 14 replies
    Oil & Gas Journal ^ | 03/03/2014 | Nick Snow
    The US Environmental Protection Agency issued final Tier 3 emissions control requirements for motor fuels and vehicles to meet by Jan. 1, 2017. The regulations address one major concern from refiners by keeping sulfur limits per gallon at existing levels, EPA Administrator Gina McCarthy said. “Frankly, what [the American Petroleum Institute] and others were relying on was an outdated estimate based on what they thought we’d propose, not what we actually proposed let alone what we actually put in the regulation following public hearings and extensive public comments,” McCarthy said during a Mar. 4 teleconference. “The per gallon sulfur cap...
  • US net imports down, exports soar; just another day at the office

    03/02/2014 3:08:32 PM PST · by thackney · 12 replies
    Platts ^ | March 1, 2014 | John Kingston
    A few eye-popping numbers were in the EIA monthly report on US oil use in December. It shows the shale gale in full bloom. US total net imports were 5.057 million b/d. That’s down about 1 million b/d from a year ago. It’s down about 3.4 million b/d from three years ago. It’s down more than 8 million b/d from the all-time high of 13.354 million b/d in October 2005. It’s easily the lowest in the post-shale era. Take away the Canadian net import figure of 2.602 million b/d, and you’re dealing with what might be called “at-risk” net import...
  • Tesoro bars federal safety agency from East Bay refinery

    02/21/2014 7:04:13 AM PST · by thackney · 8 replies
    San Francisco Chronicle via Fuel Fix ^ | February 21, 2014 | Jaxon Van Derbeken
    In an unprecedented challenge, Tesoro Corp. has barred federal authorities from going inside its refinery near Martinez to investigate an incident in which two workers were burned by acid spewing from a broken pipe, The San Francisco Chronicle has learned. State officials ordered a partial shutdown of the Golden Eagle Refinery following the Feb. 12 incident after inspectors with California’s workplace safety agency found numerous suspected safety violations, state officials said. The investigators with Cal/OSHA went to the plant at 150 Solano Way in the unincorporated community of Pacheco when a pipe containing sulfuric acid burst, spraying the two workers...
  • Oil industry seeks break on gasoline sulfur limits

    02/14/2014 5:22:30 AM PST · by thackney · 8 replies
    Fuel Fix ^ | February 14, 2014 | Jennifer A. Dlouhy
    Oil industry lobbyists are making a last-ditch appeal to the Obama administration to soften looming new limits for sulfur in gasoline, warning that without changes, the mandates could send fuel costs up and force some refineries offline. But the Environmental Protection Agency has shown little appetite to lift the strict 10-parts-per-million cap it proposed last year, one-third the current sulfur threshold and 97 percent less than an earlier limit phased out in 2004. So when lobbyists from oil companies, refiners and industry trade groups meet with administration officials in coming days, they will focus their arguments on why they should...
  • Severe winter weather threatens East Coast energy infrastructure

    02/13/2014 11:57:49 AM PST · by thackney · 8 replies
    Energy Information Administration ^ | 2/13/2014 | Energy Information Administration
    The National Weather Service predicts that the major winter storm that dropped significant snowfall and ice on the Southeast yesterday will intensify as it moves up the Eastern Seaboard today. The accumulation of ice can damage the electric distribution system and make road conditions unsafe, which could hamper power restoration efforts. As of 3:30 p.m. yesterday more than 450,000 customers were without power from Florida to Pennsylvania, according to the Department of Energy's Energy Assurance Daily. States of emergency have been declared in Alabama, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Virginia, and Maryland. The U.S. Energy Information Administration provides...
  • 'Megaloads' hit the highways in Alberta, Sturgeon refinery’s pressure vessels...

    02/07/2014 10:15:11 AM PST · by thackney · 49 replies
    Calgary Herald ^ | FEBRUARY 5, 2014 | DAVE COOPER
    After years in storage in Duluth, Minn., the heart of the new Sturgeon Refinery is finally on the road. A dozen megaloads, which represent the disassembled vessel components weighing up to 510 tonnes each, are being hauled this week from a CN Rail siding north of Redwater down secondary roads to the refinery construction site northeast of Fort Saskatchewan. The loads, up to eight metres wide and almost 80 metres long including the single pulling tractor and two pushers, are travelling on “Scheuerle” trailers — basically steerable platforms with 24 sets of axles to spread the load. Transferring those loads...
  • Lawmakers stress urgency as feds finish new sulfur rules for gasoline

    02/03/2014 1:46:57 PM PST · by thackney · 20 replies
    Fuel Fix ^ | February 3, 2014 | Jennifer A. Dlouhy
    As the Obama administration prepares to mandate new limits on sulfur pollution from gasoline, congressional Democrats made a last-minute appeal for quick action. The Environmental Protection Agency has said it plans to finalize the new requirements by the end of this month. That would give refiners less than three years to comply if the agency holds firm to its proposed Jan. 1, 2017 deadline. Forcing refiners to slash sulfur emissions from gasoline to an average of 10 parts per million — down from the current 30 ppm threshold — would be akin to taking 33 million cars off the road,...