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Keyword: refinery

Brevity: Headers | « Text »
  • Marathon workers say no to labor offer in Galveston

    05/20/2015 4:36:47 AM PDT · by thackney · 1 replies
    Fuel Fix ^ | May 19, 2015 | LM Sixel
    Employees at Marathon’s Galveston Bay Refinery overwhelming rejected a contract offer late Monday night, said union spokeswoman Lynne Hancock. Details of the offer, which had been brokered through the help of a federal mediator, were not available. The 1,100 workers, who are represented by the United Steelworkers union, have been on strike since Feb. 1. They walked off the job as part of a nationwide work stoppage that eventually expanded to include 15 refineries, chemical plants and power generators. While nearly all the workers nationwide are back to work – with the exception of Marathon’s workers in Texas City and...
  • ISIS Still Hampering Iraqi Oil Industry Progress

    05/08/2015 3:15:02 PM PDT · by Opintel
    Oilprice.com ^ | 08-05-2015 | refineries
    The U.S. military is helping Iraqi forces pushback ISIS at a vital oil refinery. The Baiji refinery is located between Kirkuk and Mosul, and it has been the target of ISIS militants since the extremist group first made major advances last summer. Baiji is Iraq’s largest oil refinery, and as such, is strategically important to the country for revenues and for domestic fuel supplies. “It actually also sits on a corridor that runs from the Tigris River valley to the Euphrates River valley. And so it's geographically significant as well as significant economically,” the chairman of the U.S. Joint Chiefs...
  • Researchers study how metal contamination makes gasoline production inefficient

    05/01/2015 9:44:37 AM PDT · by Red Badger · 11 replies
    Phys.Org ^ | 05/01/2015 | Provided by SLAC National Accelerator Laboratory
    Scientists at the Department of Energy's SLAC National Accelerator Laboratory and Utrecht University have identified key mechanisms of the aging process of catalyst particles that are used to refine crude oil into gasoline. This advance could lead to more efficient gasoline production. Their recent experiments studied so-called fluid catalytic cracking (FCC) particles that are used to break long-chain hydrocarbons in crude oil into smaller, more valuable hydrocarbons like gasoline. "A major problem is that these catalysts quickly age and lose their activity, so tons of fresh catalysts have to be added to a reactor system every day," said lead researcher...
  • PULLING OFF THE LARGEST REFINERY MODERNIZATION IN BP HISTORY {just for the pics}

    04/10/2015 7:33:29 AM PDT · by thackney · 25 replies
    Mammoet ^ | 2015 | Mammoet
    The Whiting Refinery Modernization Project is the largest and most complex upgrading project in BP’s recent history. BP asked Mammoet to assist in the massive undertaking filled with logistical, constructional and meteorological challenges. Mammoet accepted the job, taking on the handling, management, transport and installation of a large number of components built in factories all over the U.S. For five years, Mammoet coordinated logistical activities on-and-off-site to safely complete the construction as efficiently as possible. Almost every processing unit in the refinery had to be modified to some degree. Carrying out the many individual jobs was relatively easy as compared...
  • Ten years after a Texas City refinery blast killed 15 and rattled a community, workers keep dying

    03/23/2015 10:21:37 AM PDT · by thackney · 13 replies
    Houston Chronicle ^ | March 21, 2015 | Mark Collette, Lise Olsen and Jim Malewitz
    The billowing canopies went up on a bare patch of the Texas City refinery grounds during a repair cycle last fall. Some workers saw the tents as just a place to eat lunch. Brian Ambrose saw a nightmare repeating itself. He is one of the few remaining employees who encountered the horrors of 2005, when the BP unit on the same patch of earth erupted in explosions, leaving a charred mass of twisted metal, pulverized office trailers and the remains of 15 people. Others, including many of the roughly 180 injured, have retired or moved elsewhere. Ambrose, who was assigned...
  • Saudi boosts refining capacity

    03/19/2015 5:14:06 AM PDT · by thackney · 7 replies
    zawya ^ | Mar 18 2015 | alifarabia.com
    Saudi Arabia is investing heavily in its downstream business and developing captive markets to enter global oil market domination and counter the threat of U.S. tight oil. Saudi Arabia has been crafting the strategy for a few years, but it has come in sharp focus after the kingdom convinced other OPEC producers to maintain oil production at a meeting last November despite a collapse in crude prices. Oil prices have fallen 50% since June 2014, but Saudi officials have been unmoved as they see their strategy working. That suggests that the country has effectively handed over the role of swing...
  • State Senate Works to Block Christie From Settling Pollution Lawsuit Against Exxon

    03/17/2015 10:43:26 AM PDT · by Citizen Zed · 1 replies
    ny times ^ | 3-17-2015 | KATE ZERNIKE
    The New Jersey Senate approved two measures on Monday contesting Gov. Chris Christie’s attempt to settle a pollution lawsuit against Exxon Mobil Corporation for a fraction of the damages that the state had originally sought. By a vote of 24 to 0, the Senate approved a resolution urging a judge to reject a proposed $225 million settlement in the case. The state had sought $8.9 billion in damages for restoration and for loss of use of the land by the public because of contamination caused by refineries in Bayonne and Linden. The resolution urged the state to withdraw from the...
  • Workers in refinery strike still off the job

    03/17/2015 9:29:45 AM PDT · by thackney · 7 replies
    Fuel Fix ^ | March 16, 2015 | FuelFix.com
    None of the workers on strike at 15 refineries and plants in seven states has yet returned to work. And it could be days before any do as the union and individual companies hammer out individual contracts. Last week, negotiators for Shell, which was representing the industry, and the union, agreed on a deal that provides a national framework for contracts. It outlined pay increases and an agreement to review safety and staffing levels, among other provisions. But local issues must be worked out and a contract ratified at each facility before employees return to work. The Steelworkers called the...
  • Union says tentative deal reached to end U.S. refinery strike

    03/13/2015 5:51:51 AM PDT · by thackney · 3 replies
    Fortune ^ | MARCH 13, 2015 | Reuters
    Four-year deal includes modest pay raises but addresses union concerns over contracted labor and worker fatigue. The United Steelworkers union and oil companies have reached a tentative deal to end the largest U.S. refinery strike in 35 years, the labor group and people familiar with the negotiations said on Thursday. The new agreement for about 30,000 workers would last four years, a year longer than previous agreements. The deal, which still needs to be ratified, may not end strikes right away at all refineries that have suffered walkouts as local union chapters could still need to work out pending issues....
  • Fitch: Prolonged refinery strike could affect gasoline supplies

    03/11/2015 4:37:24 AM PDT · by thackney · 2 replies
    Fuel Fix ^ | March 10, 2015 | Ryan Holeywell
    The ongoing United Steelworkers strike hasn’t impacted the market for refined products much yet, but it could if the strike continues for much longer, according to a new report by Fitch Ratings. The credit ratings agency says the strike could have an especially pronounced effect on the U.S. gasoline market. So far, the implications of the strike — now in its second month and affecting 15 refineries and chemical plants — has been relatively limited, Fitch experts said. But that could be changing. The first quarter of the year typically has lower demand for refined products, Fitch said; meanwhile, adequate...
  • Workers at nation's largest oil refinery join growing strike

    03/08/2015 12:14:24 PM PDT · by Lorianne · 21 replies
    CBS News ^ | 22 February 2015
    The first nationwide oil refinery strike in more than 30 years expanded this weekend in a labor dispute that may start having more of an impact on the price consumers pay for gasoline. The United Steelworkers union (USW) said Saturday that workers at the largest refinery in the U.S., the Motiva Enterprises refinery in Port Arthur, Texas, started their strike at midnight Friday. Employees at two other refineries and a chemical plant in Louisiana started their strike at the end of Saturday. The USW represents workers at 65 refineries that produce about two-thirds of the oil in the U.S The...
  • Steelworkers strike: More labor board charges filed

    03/05/2015 5:18:12 AM PST · by thackney · 2 replies
    Fuel Fix ^ | March 4, 2015 | LM Sixel
    The National Right to Work Foundation announced Wednesday that three employees at LyondellBasell filed unfair labor practice charges against the United Steelworkers Union. The charges allege that union officials from Steelworkers Local 13-227 are harassing workers who are going back to work. The charges were filed Monday with the National Labor Relations Board, according to the foundation that is providing free legal help. The foundation accused an unnamed local union official of making threats toward workers who continue to work during the strike. The group also alleges that union officials have allowed a union Facebook page to threaten union-represented employees...
  • Delta's Trainer Refinery Calls In Federal Mediator, Hoping To Avoid Strike's Spread To Northeast

    03/04/2015 9:56:57 AM PST · by thackney · 5 replies
    Oil Pro ^ | 3/4/2015 | Jeff Reed
    At Delta Airlines' Philadelphia refinery, the local chapter of the United Steelworkers Union (USW) and Monroe Energy (a Delta subsidiary) have called in a federal mediator to resuscitate talks between the two parties in the hopes of averting the spread of the largest US oil worker strike in 35 years to the US east coast. National negotiations between Shell (on behalf of the oil companies) and the USW are set to resume Wednesday. In April 2012, Delta acquired the Trainer refinery (located near Philadelphia in Delaware County, PA) from Phillips 66 through subsidiary Monroe Energy for $180 million . The...
  • {Refinery} Company accuses USW of threatening returning workers

    03/04/2015 4:25:56 AM PST · by thackney · 22 replies
    Fuel Fix ^ | March 3, 2015 | LM Sixel
    LyondellBasell announced Tuesday that it has filed an unfair labor practice charge against the United Steelworkers union, alleging that union representatives have made threats against employees who have returned to work and have used abusive language in social media. The company also contends it has witnessed threatening behavior at the gates of its Houston refinery as employees arrive to work, according to a letter to employees from Kevin Brown, executive vice president of global manufacturing, refining, global engineering services and global projects. The company filed the charge with the National Labor Relations Board. “This action by the USW is extremely...
  • Petroleum refinery outage in California highlights markets’ quick price reaction

    02/28/2015 7:40:48 AM PST · by thackney · 18 replies
    Energy Information Administration ^ | FEBRUARY 27, 2015 | Energy Information Administration
    On February 18, an explosion and fire occurred at ExxonMobil's refinery in Torrance, California. The Torrance refinery, the third-largest refinery in Southern California, has about 20% of the region's fluid catalytic cracking capacity and is an important source of gasoline and distillate fuel oil supply for Southern California. Unplanned refinery outages can have noticeable effects on liquid fuel markets, disrupting supplies of gasoline and distillate, particularly in regions that are tightly balanced, such as the West Coast (defined as Petroleum Administration for Defense District (PADD) 5). When refineries undergo planned maintenance, they make arrangements for alternative sources of supply to...
  • Shell and USW 2015 Oil Bargaining - Just The Facts: Update

    02/27/2015 6:49:46 AM PST · by thackney · 4 replies
    Shell ^ | 02/26/2015 | Shell
    More than one month ago, Shell Oil Company sat down at the bargaining table with a negotiating team representing national leaders of the United Steelworkers International Union (USW). Shell’s goals were – and still are – to reach an agreement that respects the needs and interests of our employees and ensures the ongoing safety as well as economic health of Shell refineries and chemical plants. To that end, to date Shell has put seven offers on the negotiating table. The USW International Union leaders have rejected all seven of them. In addition, they have ordered their members to strike at...
  • Some contractors (unionized) not so bad, Steelworkers say {Refinery strike}

    02/26/2015 5:09:46 AM PST · by thackney · 1 replies
    Fuel Fix ^ | February 25, 2015 | LM Sixel
    The building trades unions have taken exception to disparaging comments the United Steelworkers union have made during contract talks that contractor labor is neither high quality or safe. Many contractors use union-represented skilled crafts workers including electricians, plumbers, welders, iron workers and pipefitters. To resolve the simmering, and growing dispute, the leaders of the United Steelworkers union and the North America’s Building Trades Unions issued a joint statement Wednesday to clarify the scope of contractor responsibilities at the nation’s refineries and chemical plants. “We are issuing this statement to make clear that the scope of work USW is seeking in...
  • Potential market implications of outage at ExxonMobil's Torrance, California refinery

    02/25/2015 6:47:39 PM PST · by thackney · 8 replies
    Energy Information Administration ^ | February 25, 2015 | Energy Information Administration
    On February 18, an explosion and fire occurred at the ExxonMobil refinery in Torrance, California. The Torrance refinery, the third-largest refinery in southern California, has about 20% of the region's fluid catalytic cracking (FCC) capacity and is an important source of gasoline and distillate supply. Based on publicly available information, it can be estimated that Torrance produces about 117,000 barrels per day (bbl/d) of gasoline (about 15-20% of southern California's supply) and about 50,000 bbl/d of distillate and jet fuel (about 10% of southern California supply). Unplanned refinery outages can have noticeable impacts on liquid fuel markets, disrupting supplies of...
  • U.S. refinery strike spreads to one-fifth of national capacity

    02/22/2015 11:34:52 AM PST · by thackney · 12 replies
    Reuters ^ | Feb 22, 2015 | ERWIN SEBA
    The largest U.S. refinery strike in 35 years entered its fourth week as workers at 12 refineries accounting for one-fifth of national production capacity were walking picket lines as of 12 a.m. CST on Sunday, according to union officials. A total of 6,550 members of the United Steelworkers union at 15 plants, including the 12 refineries, are involved in the work stoppage that began on Feb. 1 when talks for a new three-year contract between the USW and lead oil company negotiator Shell Oil Co stopped.... After the latest breakdown between the two sides, Steelworkers leaders targeted Shell, which is...
  • Refinery workers strike spreads to biggest US location

    02/21/2015 11:58:20 AM PST · by Olog-hai · 10 replies
    Associated Press ^ | Feb 21, 2015 1:43 PM EST | Tom Murphy
    The first nationwide oil refinery strike in more than 30 years was expected to grow by four more plants over the weekend, including the largest refinery in the U.S., the Motiva Enterprises refinery in Port Arthur, Texas. The United Steelworkers union said Saturday workers at the Motiva Enterprises refinery started their strike at midnight Friday. Employees at two other refineries and a chemical plant in Louisiana planned to strike at the end of Saturday. The union said in a statement that it expanded the strike that started Feb. 1 at refineries largely in Texas and California because the industry has...
  • USW:California Refinery Explosion Provides Further Evidence of Need for Safety Improvements

    02/19/2015 4:51:25 PM PST · by mdittmar · 10 replies
    United Steelworkers ^ | Feb 18, 2015 | United Steelworkers
    Union Calls on Industry to Negotiate Solutions to Protect Workers and Communities(PITTSBURGH) -- An explosion and fire today at a refinery in Southern California underscores the United Steelworkers’ demand for improved safety conditions to protect both workers and communities.The explosion at the ExxonMobil refinery in Torrance, Calif., occurred as 5,200 members of the United Steelworkers (USW) are conducting unfair labor practice strikes at 11 refineries across the country with safety as a major concern.“Our members work in dangerous and too often deadly conditions,” said USW International President Leo W. Gerard. “While employers have reaped billions of dollars in profits over...
  • Explosion Rips Through Torrance Refinery, Shakes South Bay

    02/18/2015 10:59:37 PM PST · by Nachum · 2 replies
    Hours after an explosion ripped through a Torrance refinery, residents for miles around continue to grapple with ash, a gas odor and concerns over poor air quality while inspectors confirmed that a filtration device was the source of the blast. A smoke advisory was issued for areas near the ExxonMobil refinery due to Wednesday morning's explosion and fire.
  • National Bargaining: Greedy Oil Industry Forces Work Stoppage

    02/18/2015 5:44:56 PM PST · by mdittmar · 32 replies
    United Steelworkers ^ | Feb 18, 2015 | United Steelworkers
    Arrogant oil refiners concerned more about profits than the safety and workplace concerns of thousands of USW-represented oil workers forced the union to call an unfair labor practice (ULP) strike.The industry, represented by Royal Dutch Shell, gave the USW no other option when it refused to bargain in good faith over a national contract even though the union was prepared to continue talking beyond the midnight deadline.“Shell refused to provide us with a counter-offer and left the bargaining table,” International President Leo W. Gerard said. “We had no choice but to give notice of a work stoppage.”The negotiations for a...
  • Cause Of ExxonMobil Torrance Refinery Explosion Under Investigation

    02/18/2015 12:41:16 PM PST · by BenLurkin · 30 replies
    A three-alarm fire was reported around 8:50 a.m. at a processing unit at 3700 West 190th St. in Torrance, according to officials. When crews arrived on scene they found evidence of an explosion and a small ground fire, which firefighters quickly extinguished. ... Residents and approximately 30 schools in the Torrance School District were instructed to shelter in place. That advisory was lifted by police around 11:45 a.m.
  • LyondellBasell: Strikers, come back to work

    02/18/2015 12:18:21 PM PST · by thackney · 8 replies
    Fuel Fix ^ | February 18, 2015 | LM Sixel
    In an open letter to employees, the manager of LyondellBasell’s Houston Refinery is asking its striking employees to come back to work. The workers, who walked out of the refinery on Feb. 1 as part of a nationwide strike after national oil bargaining talks broke down, have left the refinery scrambling to operate with supervisors. The United Steelworkers union is on strike against 11 refineries and chemical plants nationwide, including five in the Houston area. The letter outlined the negotiating efforts both sides made before the strike began and how the company had requested a rolling 24-hour extension to keep...
  • Shell, union spar over picket line etiquette

    02/14/2015 6:24:51 AM PST · by thackney · 15 replies
    Fuel Fix ^ | February 13, 2015 | LM Sixel
    Tensions escalated Friday in the nearly two-week strike after picketers were told to get off the Shell Deer Park Refining property. The order puts the strikers in danger because the refinery fronts the feeder road on Texas 225 and there is no sidewalk on which to stand, said Lee Medley, president of the United Steelworkers Local 13-1. He said Shell gave the strikers walking the picket line 30 minutes to get themselves, their chairs, ice chests and other equipment off the property. Shell issued its order in response to unsafe behaviors by the picketers including blocking entrances with picketers and...
  • TransCanada plans another cross-border pipeline

    02/14/2015 6:16:04 AM PST · by thackney · 15 replies
    Fuel Fix ^ | February 13, 2015 | Jennifer A. Dlouhy
    Undaunted by the long battle over Keystone XL and current low oil prices, TransCanada Corp. is planning to build another border-crossing pipeline that would ferry North Dakota crude to refineries in Eastern Canada. TransCanada executives confirmed Friday they have signed contracts with shippers for enough capacity on the proposed 285-mile Upland pipeline to go forward with the project. It would move as many as 70,000 barrels a day of oil away from North Dakota’s Williston Basin, giving producers another alternative to shipping that crude by rail. “There is no question that production is up in North America, across the board,”...
  • Operations At 3 Refineries Interrupted As Strike Continues To Cause Havoc

    02/12/2015 12:57:38 PM PST · by thackney · 6 replies
    Oil Pro ^ | 2/12/2015 | Jeff Reed
    Three of the nine US oil refineries targeted by the largest oil worker refinery strike since 1980 have reported interruptions and unplanned repairs since the United Steelworkers Union (USW) workers went on strike earlier this month. Shell's 327,000 bpd refinery in Deer Park, Texas, is now operating normally after experiencing an upset at a fluid catalytic cracker on February 8. "Shell Deer Park continues to safely operate at planned production rates. While not formally at the negotiating table, the lines of communication remain open. Shell remains hopeful that both parties will reach a mutually satisfactory agreement," Shell said in a...
  • GOP lawmaker denies global warming as Inslee climate bill advances

    02/11/2015 4:06:58 PM PST · by Oldeconomybuyer · 25 replies
    The Seattle Times ^ | February 11, 2015 | by Jim Brunner
    Gov. Jay Inslee’s proposal to cap state carbon emissions and impose $1 billion a year in new charges on oil refineries, aluminum smelters and other top polluters passed its first legislative hurdle Tuesday, clearing the state House Environment Committee on a party-line vote. But as the bill headed for a final committee vote, the ranking Republican on the committee, Rep. Matt Shea, R-Spokane Valley, raised a line of argument that GOP leaders have largely shied away from this year. Shea, one of the legislature’s most conservative members, disputed the overwhelming scientific consensus that global warming is occurring, likely due to...
  • Steelworkers strike extends to BP plants outside Texas

    02/08/2015 6:51:36 PM PST · by thackney · 57 replies
    Fuel Fix ^ | February 7, 2015 | LM Sixel
    The United Steelworkers union is broadening its nationwide walkout to include two more refineries. Early Sunday, the union is planning to go on strike against two BP facilities in the Midwest, union spokeswoman Lynne Hancock confirmed. That will bring the total number of plants on strike to 11, after union members walked out of nine facilities, including five in the Houston area, a week ago. The latest work stoppages are scheduled to begin 12:01 a.m. Sunday at BP’s refineries in Toledo, Ohio and Whiting, Ind., Hancock said. BP issued a statement saying it is disappointed the union is launching a...
  • Union rejects sixth refinery offer from Shell, talks recess

    02/05/2015 4:29:36 PM PST · by mdittmar · 15 replies
    yahoo ^ | 2/5/2015 | Erwin Seba Reuters
    HOUSTON (Reuters) - Union leaders on Thursday rejected the sixth contract offer Royal Dutch Shell made to U.S. refinery workers and a pause in negotiations was called on the fifth day of a strike, though talks are expected to resume.
  • USW Oil Workers to Rally at Shell Headquarters

    02/04/2015 3:11:21 PM PST · by mdittmar · 5 replies
    The United Steelworkers (USW) ^ | Feb 04, 2015 | The United Steelworkers (USW)
    HOUSTON – The United Steelworkers (USW) today said that Houston area oil workers will sponsor a noon rally at Shell Headquarters on Friday, Feb. 6, to show management that union members are united in their drive for a fair contract that improves safety throughout the industry.Union members began a strike at nine U.S. refineries and chemical plants in California, Kentucky, Texas and Washington on Feb. 1, after their previous contract expired and industry negotiators, represented by Shell, failed to address serious concerns raised by the USW regarding the health and safety of workers and their communities.USW members account for about...
  • For striking U.S. refinery workers, Shell shocks with a new style

    02/03/2015 5:20:22 AM PST · by thackney · 15 replies
    Reuters ^ | Feb 3, 2015 | ERWIN SEBA
    In fact, the USW enjoys the right to pick which company will head up negotiations and specifically chose Shell this year for its perceived flexibility. Shell forged deals with the union in 2006, 2009 and 2012. Those contracts were considered successes, especially after a months-long walkout in 1980, a time people still talk about as a low point for disputes in the sector. This year, however, was different. John Abbott took over as Shell's refining chief in 2013 and Ben van Beurden became chief executive officer in 2014. This time, there were new faces on the negotiating team from Shell,...
  • Union strikes at 9 US refineries in bid for new contract

    02/01/2015 12:34:34 PM PST · by george76 · 41 replies
    CNBC .. Reuters ^ | Feb 1, 2015 | Lucy Nicholson
    Union leaders called strikes on Sunday at nine U.S. refineries in a bid to pressure oil companies to agree to a new national contract covering workers at 63 plants. The walkouts, the first held in support of a nationwide pact since 1980, target plants that together account for more than 10 percent of U.S. refining capacity. The discord comes as plunging crude prices force oil companies to slash spending. Royal Dutch Shell, the lead industry negotiator, indicated talks had broken down. ... Shell activated a strike contingency plan at its sprawling joint venture refinery in Deer Park, Texas, to keep...
  • Regional refinery trends evolve to accommodate increased domestic crude oil production

    01/18/2015 11:36:36 AM PST · by thackney · 9 replies
    Energy Information Administration ^ | Jan 15, 2015 | Energy Information Administration
    Recent rapid growth in U.S. production of light tight oil has raised interest in understanding how U.S. refineries, many of which are configured to process heavier crude oil, might accommodate increased volumes of domestic light crude. The U.S. refinery fleet, which is distributed across Petroleum Administration for Defense Districts (PADDs), varies both within and across regions in capacity, quality of crude oil inputs, utilization rates, and sources of crude supply. More than 50% of the country's refinery capacity and most of the country's heavy crude processing capacity is located in the Gulf Coast (PADD 3). The region's 51 operating refineries...
  • Phillips 66 boosts 2015 budget

    12/08/2014 5:14:06 AM PST · by thackney · 2 replies
    Houston Business Journal ^ | Dec 5, 2014 | Olivia Pulsinelli
    Phillips 66 (NYSE: PSX) said Dec. 5 its capital budget for 2015 is $4.6 billion, up 18 percent from what it spent in 2014. Including spending for joint ventures DCP Midstream, Chevron Phillips Chemical Co. and WRB Refining, Phillips 66 expects its total capital program to be $6.8 billion next year. Last year, Phillips 66 announced its 2014 capital budget of $2.7 billion, not including joint ventures, in December and increased that to $3.9 billion in July. Here's a basic breakdown of the company's 2015 budget: Midstream:$3.16 billion, plus $550 million for its share of DCP's expenditures Chemicals:$1.45 billion for...
  • 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 · 51 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
    CNN.com ^ | 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...