Free Republic 3rd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $26,032
Woo hoo!! And the first 29% is in!! Thank you all very much!! God bless.

Keyword: refinery

Brevity: Headers | « Text »
  • Explosion at Enterprise Products refining facility in Mont Belvieu, TX

    02/08/2011 11:27:17 AM PST · by Cincinatus' Wife · 98 replies · 1+ views
    ABC News ^ | February 8, 2011 | KTRK
    LIVE video at link MONT BELVIEU (KTRK) -- An explosion has rocked a refining facility in Mont Belvieu today, sending flames high into the air The Mont Belvieu Police Department confirms an explosion about 11:45am at Enterprise Products on Sun Oil Road. According to its website, "Enterprise owns a state of the art gasoline additive production facility that has been modified to produce isooctane, a motor gasoline octane enhancement additive used in reformulated motor gasoline blends to increase octane, and isobutylene."
  • Court blocks EPA plan to take over Texas pollution permits

    01/04/2011 10:56:11 AM PST · by ColdOne · 43 replies ^ | Jan. 4, 2011 | MATTHEW TRESAUGUE
    A federal appeals court has temporarily blocked the EPA’s plan to seize control of greenhouse gas permits from Texas. The U.S. Environmental Protection Agency must wait until at least Friday so the U.S. Circuit Court of Appeals for the District of Columbia can make a decision on Texas’ bid to prevent the federal takeover.
  • Oil refineries sue EPA over ethanol plan

    01/04/2011 8:03:13 PM PST · by Tolerance Sucks Rocks · 131 replies
    GOPUSA ^ | January 4, 2011 | Ken Thomas (Associated Press)
    WASHINGTON (AP) — A ruling by the Obama administration allowing the sale of gasoline containing 15 percent ethanol is running into legal hurdles from trade groups opposing the plan. The National Petrochemical and Refiners Association sued the Environmental Protection Agency on Monday over the decision to allow the sale of gasoline containing higher blends of corn-based ethanol, the second major group to protest the ruling. The Obama administration said in October that gas stations could start selling the ethanol blend for vehicles built since the 2007 model year, increasing it from the current blend of 10 percent ethanol.
  • U.S. gasoline demand begins a long decline

    12/21/2010 8:49:25 AM PST · by thackney · 25 replies · 2+ views
    AP via Fuel Fix ^ | Associated Press
    The world’s biggest gas-guzzling nation has limits after all. After seven decades of mostly uninterrupted growth, U.S. gasoline demand is at the start of a long-term decline. By 2030, Americans will burn at least 20 percent less gasoline than today, experts say, even as millions of more cars clog the roads. The country’s thirst for gasoline is shrinking as cars and trucks become more fuel-efficient, the government mandates the use of more ethanol and people drive less. “A combination of demographic change and policy change means the heady days of gasoline growing in the U.S. are over,” says Daniel Yergin
  • US producing, exporting more slurry oil

    10/06/2010 7:02:24 AM PDT · by thackney · 12 replies
    Oil & Gas Journal ^ | Oct 4, 2010 | Vincent J. Guercio
    Based on a presentation to the Platts Bunker & Residual Fuel Oil Conference, New Orleans, June 23-24, 2010.Slurry oil is a heavy aromatic by-product of a refinery's fluid catalytic cracking unit that forms a small part of global fuel oil supply. Generally, it is mixed into heavy fuel oil as a viscosity cutter. Slurry oil's low API gravity, however, limits how much can be blended.The US has never been a heavy user of fuel oil and, in fact, produces more slurry oil than it can absorb. US Gulf Coast refiners and traders, in particular, must find outlets for excess slurry...
  • Pemex Refinery Hit By Explosion In Northern Mexico

    09/07/2010 10:52:06 AM PDT · by thackney · 27 replies
    Dow Jones via Fox News ^ | 9/7/10 | Laurence Iliff
    An explosion Tuesday morning shook a refinery in Mexico, near the U.S. border, local media reported. The Cadereyta refinery, located in the state of Nuevo Leon, is owned by Mexican state oil company Petroleos Mexicanos, or Pemex. A Pemex press officer would only say that the company was gathering information and would issue a statement once it had more facts.
  • Jet fuel due from Japan

    08/23/2010 9:51:39 AM PDT · by thackney · 13 replies
    Petroleum News ^ | Week of August 22, 2010 | Wesley Loy
    Cosmo Oil to supply Anchorage air cargo hub with up to 300,000 bbl monthly . . . . A Japanese oil refiner is seeking permission to bring jet fuel by tanker into the Port of Anchorage, a move that could help cure what has been a costly problem for the air cargo industry. Cosmo Oil of USA Inc., a Torrance, Calif., affiliate of Tokyo-based Cosmo Oil Co. Ltd., on July 10 applied to the Alaska Department of Environmental Conservation for an oil discharge prevention and contingency plan, or C-plan. Oil and fuel shippers are required to have a highly detailed...
  • Obama shuts down 33% of the country’s oil refining capacity

    07/02/2010 8:39:59 AM PDT · by opentalk · 59 replies · 1+ views
    Phoenix Conservative Examiner ^ | July 1, 2010 | Gil Guignat
    Whereas Obama is trying to crush Arizona by suing it into the ground to prevent it from defending itself from illegal immigration, and it is preventing any clean up efforts in Louisiana after 71 days, it has just been learned from one of our conatcts in Texas that Obama by way of the EPA has just shut down today 33% of the country’s refining capacity. While Obama was unsuccessful at putting a moratorium on oil drilling, he was able to accomplish the same thing by putting a stranglehold on oil refining which accomplishes the same thing. With 1/3rd of the...
  • Iraq invites oil firms to Jun 26 refining meeting

    06/24/2010 5:29:07 AM PDT · by thackney · 6 replies · 1+ views
    Reuters ^ | 6/23/2010 | Rania El Gamal
    Iraq will host a gathering of international oil executives in Baghdad on Saturday to discuss contracts for the four planned refineries that would add about 750,000 barrels per day of capacity, Oil Ministry spokesman Assim Jihad said on Wednesday. "There are many international companies that expressed their interest to participate and to reach an agreement with the Oil Ministry," he said. The conference is the first step before inviting companies to tender for the refineries, he added. Iraq wants to build a refinery in Nassiriya, southern Iraq, with a capacity of 300,000 bpd, and a second one in the northern...
  • Foster Wheeler Awarded Contract for New Grassroots Refinery in Iraq

    06/02/2010 7:55:14 AM PDT · by thackney · 14 replies · 253+ views
    Foster Wheeler ^ | 6/2/10 | Foster Wheeler
    Foster Wheeler AG (Nasdaq: FWLT) announced today that its Global Engineering and Construction Group has been awarded a feasibility study and front-end engineering design (FEED) contract by the Iraqi Ministry of Oil for a new grassroots refinery at Nassiriya in southern Iraq. The proposed refinery will have a capacity of 300,000 barrels per day. The Foster Wheeler contract value for this project was not disclosed and will be included in the company's second-quarter 2010 bookings. In executing this contract, Foster Wheeler will develop the configuration of the new refinery to meet the client's processing objectives, evaluate proprietary technologies, prepare a...
  • Mystery fuel leak seeps into Burrard Inlet

    06/01/2010 2:50:15 AM PDT · by Palter · 3 replies · 361+ views
    The Vancouver Sun ^ | 31 May 2010 | TODD COYNE and JONATHAN FOWLIE
    Oil, gas from Chevron refinery in Burnaby has been flowing for weeks METRO VANCOUVER -- Chevron Corporation has been trying for weeks to locate the source of a "historic" leak from its Burnaby oil and gas refinery -- a leak that has been seeping still-unknown amounts of oil, gas and diesel fuel into the Burrard Inlet since at least April 21. Ray Lord, a spokesman for the multinational oil and gas company, said he has no idea how long the seepage from the nearly 70-year-old plant has been happening, but that Chevron first alerted the authorities about the leak on...
  • EPA bars Texas' authority to issue refinery operating permits (unelected rulers strike again)

    05/27/2010 10:44:59 AM PDT · by autumnraine · 28 replies · 619+ views
    The Environmental Protection Agency moved Tuesday to end a long-running dispute with Texas over how the state regulates emissions, including cancer-causing toxins such as benzene and butadiene, from dozens of refineries that produce a third of the nation's gasoline and billions of dollars of petrochemicals. In a step it called unprecedented, the agency barred Texas from issuing an operating permit to a refinery in Corpus Christi — a power it has traditionally delegated to state regulators. The EPA said it would do the same in dozens of other cases in which it believes the state's permits violate the Clean Air...
  • Feds taking over permits for Texas plants [EPA going after refineries]

    05/25/2010 10:27:17 PM PDT · by smokingfrog · 66 replies · 1,808+ views ^ | May 25, 2010 | PEGGY FIKAC
    Objecting to how Texas regulates air pollution, the U.S. Environmental Protection Agency said Tuesday it is taking over the issuance of an operating permit for a Corpus Christi refinery and could step in at some 39 other major facilities across the state. “I think the writing will be on the wall — unless we start seeing better permits that address our objections, we are very likely to begin federalizing others,” EPA Regional Administrator Al Armendariz said in a telephone interview. “The state is not following federal Clean Air Act requirements.” Tuesday's unprecedented action affected a Flint Hills Resources refinery in...
  • Perry: EPA Action On Permits a Federal Power Grab (Note to Gov: It's time to secede)

    05/26/2010 5:25:05 AM PDT · by bestintxas · 20 replies · 720+ views
    newsmax ^ | 5/25/10 | jay root
    Texas Gov. Rick Perry says an EPA decision to bar the state from issuing an operating permit to a southeast Texas refinery is part of an Obama administration effort to take power away from states. The U.S. Environmental Protection Agency on Tuesday barred Texas from issuing an operating permit to the independently owned Flint Hills Corpus Christi East Refinery, saying the state's permit violates the Clean Air Act. Instead, the EPA plans to issue the refinery a more stringent permit that it says complies with the law. Perry's office said in a statement the Clean Air Act gives permitting authority...
  • BP Gets Pass From Obama Administration To Potentially Pollute Lake Michigan

    05/21/2010 9:35:23 AM PDT · by bananaman22 · 12 replies · 317+ views ^ | 21/05/2010 | Wayne Madsen
    The Obama administration, already charged with providing political cover for BP in the Gulf of Mexico mega-oil disaster, is also charged with allowing BP to renege on agreements between the firm, the US Environmental Protection Agency (EPA), and the state of Indiana to prevent pollution of Lake Michigan from the firm's Whiting, Indiana refinery near Hammond. In 2007, the EPA, under the Bush administration, said it was powerless to stop BP from dumping more toxic waste into Lake Michigan from its expanded refinery that was processing increased amounts of heavy crude oil from Canada. However, the EPA did urge BP...
  • 18-wheeler explodes at San Antonio refinery

    05/05/2010 10:57:54 AM PDT · by TXnMA · 181 replies · 6,527+ views
    WFAA ^ | 05 may 2010 | Not given...
    SAN ANTONIO -- An 18-wheeler being loaded with fuel at a San Antonio refinery has exploded. Television stations showed footage Wednesday of an enormous black plume spewing from the AGE Refining Inc. unit on the city's southeast side. Refinery marketing director Jeff Morrow says the truck exploded late Wednesday morning at the facility that refines gas and jet fuel, but he had no other details. San Antonio Fire Chief Charles Hood told KENS-TV that the fire had spread to the refining facility, and authorities were trying to assess whether neighbors should be evacuated.
  • San Antonio refinery on fire following explosion

    05/05/2010 10:30:55 AM PDT · by Eyes Unclouded · 111 replies · 5,148+ views
    An oil refinery just southeast of downtown San Antonio is on fire. The fire started at the AGE Refinery on South Presa, following an explosion. Large black plumes of smoke can be seen spilling into the skies above San Antonio. The plant is located near Mission San Juan on Military Dr. and Presa. AGE Refining, Inc., is based out of San Antonio. They refine several specialized petroleum products, including jet fuel and diesel. The company was founded in 1991. There is at least one burn victim, according to initial reports. Our sister station, KENS 5, has a crew on the...
  • Firefighters battle flames at oil refinery in Memphis, 1 critically injured

    04/30/2010 5:02:03 AM PDT · by The Magical Mischief Tour · 29 replies · 623+ views ^ | 04/30/2010 |
    MEMPHIS, Tenn. — A fire erupted at a downtown Memphis oil refinery, burning one person and sending a thick plume of smoke over the city. Wayne Cook, a spokesman for the Memphis Fire Department, said a 29-year-old male was taken in critical condition Thursday to the Regional Medical Center with burns over 45 percent of his body. Cook said the fire was fueled by a gasoline or diesel fuel originating from a pipeline at the refinery. The fire was reported under control by Thursday afternoon. Cook said two other people were treated at the scene and released. News helicopter footage...
  • Court rules Richmond refinery plan is inadequate

    04/26/2010 8:57:45 PM PDT · by SmithL · 7 replies · 417+ views
    Contra Costa Times ^ | 4/26/10 | Katherine Tam
    The environmental analysis of Chevron's plan to retrofit its Richmond refinery, including the core question on whether pollution would increase, is inadequate under state law. The state Court of Appeal issued a highly anticipated 35-page ruling Monday afternoon that essentially keeps the refinery project at a standstill until holes in the environmental report are fixed. Chevron is disappointed in the ruling, said refinery representative Brent Tippen. "We feel both the evidence and the law amply supports the adequacy of the environmental impact report," Tippen said. "We are now reviewing the court's decision and will determine what is next to be...
  • Tesoro burn victim Matt Gumbel dies

    04/24/2010 5:18:55 PM PDT · by luckymom · 7 replies · 536+ views
    Whidbey News Times ^ | 4/24/10 | Jenny Manning
    Matt Gumbel, 34, of Oak Harbor passed away at 2:45 a.m. Saturday from complications related to burns on two-thirds of his body. Gumbel was severely injured in an April 2 fire at the Anacortes Tersoro Refinery...
  • Fifth victim dies after Anacortes refinery blast

    04/03/2010 8:39:43 AM PDT · by luckymom · 12 replies · 920+ views ^ | April 3, 2010 | KOMO Staff
    SEATTLE -- A fifth victim has died following a fiery blast at the Tesoro Refinery. On Friday night, Tesoro officials announced Donna Van Druemel, 36, succumbed to her injuries at Harborview Medical Center at approximately 7 p.m. Druemel was one of four workers who were airlifted to the hospital with burns covering most of their bodies. Another victim, 29-year-old Kathryn Powell, died at the hospital Friday morning. Doctors said she had sustained severe burns, and her husband reportedly appeared to be in a state of shock. Two others are being treated at the hospital. Matt Gumble, 34, and Lew Janz,...
  • 5 die in Wash. refinery blast, fire

    04/03/2010 2:45:55 AM PDT · by Uncle Ike · 2 replies · 434+ views
    MSN/MSNBC ^ | 10:38 p.m. MT, Fri., April 2, 2010 | staff and news service reports
    ANACORTES, Wash. - An explosion and fire at a Washington state oil refinery shook homes and shot flames into the night sky early Friday, killing five people and critically injuring two others. The fire struck the Tesoro Corp. refinery in Anacortes, about 70 miles north of Seattle on Puget Sound, at about 12:30 a.m., the company said. The blaze occurred while maintenance work was being performed and was extinguished in about 90 minutes. Four workers -- two women and two men -- were airlifted to Harborview Medical Center in Seattle, about 70 miles south of the refinery, with severe burns....
  • Three dead in explosion at Anacortes refinery

    04/02/2010 7:59:31 AM PDT · by luckymom · 18 replies · 1,160+ views ^ | April 2, 2010 | King
    ANACORTES, Wash. - Three people have died in an early morning explosion at the Tesoro oil refinery in Anacortes. Four workers have been injured and taken to the hospital. Greg Wright, Executive Vice President and Chief Financial Officer for Tesoro, tells KING 5 News that three workers were killed in the refinery explosion. At one point, a number of workers were missing but Wright says all workers are now accounted for. The blaze started in a naptha unit of the complex.
  • Fitch: More cuts loom for still-risky N. American refining

    03/24/2010 10:25:37 AM PDT · by thackney · 2 replies · 179+ views
    Oil & Gas Journal ^ | 3/24/10 | OGJ editors
    With more capacity cuts looming and financial metrics still under strain, the North American refining industry remains a credit risk, reports Fitch Ratings. Although Fitch analysts see “glimmers of improvement,” global product markets remain oversupplied because of a weak recovery in demand and capacity expansions completed or expected worldwide. “From a credit perspective, the question of who makes capacity cuts to balance the market remains a key issue,” write analysts Mark C. Sadeghian, Sean T. Sexton, and Adam M. Miller, in the Fitch Ratings Chicago office. Capacity expansions include 180,000 b/d by Marathon Oil Corp. at Garyville, Ind., 580,000 b/d...
  • Oil Sands Producers Eye Gulf Coast Market

    03/23/2010 10:18:45 AM PDT · by thackney · 202+ views
    Dow Jones via Rig Zone ^ | 3/23/2010 | Edward Welsch
    ... Historically, Canadian high-sulfur, or "heavy," crude, shipped by long-distance pipeline, has struggled to compete against cheaper, seaborne shipments of oil from Mexico, Saudi Arabia and Venezuela. But Mexico's heavy-crude output is declining and Venezuelan exports of the stuff to the U.S. have dropped amid a rocky political relationship between the two nations. Saudi Arabia, meanwhile, has also cut exports of high-sulfur crude, which is less profitable than lighter varieties, as part of broader cuts by the Organization of Petroleum Exporting Countries. ... Mexico's heavy crude oil is in decline due to waning production from its giant Cantarell offshore field...
  • Iran to Open Wallet for $200B Oil Investment to 2015

    03/17/2010 10:50:16 AM PDT · by thackney · 2 replies · 146+ views
    Dow Jones via Rig Zone ^ | 3/17/10 | Benoit Faucon
    Iran is seeking $200 billion in oil, gas and refining investments over five years to avoid a production decline, and Iranian companies can sustain this should foreign interest fail to materialize, the country's oil minister said Wednesday. He also reiterated sanctions won't affect those plans. Speaking to reporters ahead of a meeting of the Organization of Petroleum Exporting Countries, Masoud Mirkazemi said: "For the next five years, we are now...planning seriously for investment of upstream and downstream [of] $200 billion investment." Given the depletion of existing oil and gas fields, the minister said the investments will "introduce a degree, a...
  • Shell to divest 15% of its refining capacity

    03/16/2010 12:30:40 PM PDT · by thackney · 16 replies · 388+ views
    Oil & Gas Journal ^ | Mar 16, 2010 | Paula Dittrick
    Royal Dutch Shell PLC forecast its production will climb 11% during 2009-12, saying it plans to cut costs by divesting 15% of its refining capacity and 35% of its retail markets. The supermajor expects production will reach 3.5 million boe/d in 2012 compared with 3.15 million boe/d in 2009. Outlining the company’s strategy from London on Mar. 16, Shell executives did not specify which downstream assets might be sold or when. “Shell should be in a surplus cash flow position in 2012,” said Peter Voser, Shell chief executive officer. The company’s 2009 earnings were sharply reduced by the recession, which...
  • Oil refineries to process more crude in Q2: IEA

    03/12/2010 1:16:29 PM PST · by thackney · 160+ views
    Calgary Herald ^ | 3/12/2010 | Reuters
    Global oil processing will rise by 50,000 barrels per day (bpd) to 72.6 million in the second quarter compared with January-March due partly to higher run rates in China and Asia, the International Energy Agency said on Friday. That is a jump of 920,000 bpd over the same period last year. "Chinese refiners have run at record high throughputs in part due to guaranteed margins and have recorded net product exports for two months running," the Paris-based agency said, adding that it expects Chinese refiners to keep operating rates high due to government subsidies. A large portion of demand growth...
  • Oil companies look at permanent refinery cutbacks

    03/11/2010 7:10:28 PM PST · by Kartographer · 124 replies · 1,812+ views ^ | 3/11/10 | Ronald D. White
    Some of the nation's biggest oil companies are looking at permanently reducing how much gasoline and diesel fuel they make, a move that analysts say would almost certainly trigger higher prices for drivers. Energy companies are suffering huge losses from refining because of slumping gasoline use -- a product of the economic downturn and changing consumer habits and preferences. Energy experts say refining cutbacks have begun and will accelerate as corporations strive for profits.
  • Deconstructing the refining sector

    03/09/2010 8:44:27 PM PST · by Kartographer · 232+ views
    MarketWatch ^ | 3/9/10 | Jim Jelter
    It's spring, that time of year when gasoline prices typically grow faster than weeds. That might not be the case this year but rest assured, refiners are taking remedial steps to mop up excess supplies. Chevron /quotes/comstock/13*!cvx/quotes/nls/cvx (CVX 74.24, -0.06, -0.08%) , citing continued shrinkage in its refining margins, announced Tuesday it's laying off about 2,000 workers, or about 3% of its global workforce, and seeking to buyers for more assets in its "downstream" refining and marketing business.
  • Refiners Deal with Clean Fuel Consequences

    02/23/2010 10:00:31 AM PST · by thackney · 38 replies · 443+ views
    Dow Jones via Downstream Today ^ | 2/19/10 | Naureen S. Malik
    Crude oil refiners are finding themselves ensnared in a pollution debate whose roots lie in the U.S.'s pursuit of lower tailpipe emissions. While the combustion of motor fuels is cleaner than ever, production of motor fuels has become more energy intensive. Essentially, one kind of emission has been swapped out for another. This relatively new way of looking at a gamut of products--be they toys, cars or gasoline--counts the emissions over the entire life cycle of production, distribution and use. And this has wide-ranging implications for both refiners and regulators. Refiners are concerned they will bear the additional costs for...
  • French oil refineries strike spreads

    02/20/2010 5:56:29 AM PST · by thackney · 1 replies · 233+ views
    Calgary Herald ^ | February 19, 2010 | Agence France-Presse
    Strikes at French refineries looked likely to spread as ExxonMobil employees Friday were called to join a protest at oil giant Total that has shut down seven plants and raised fears of supply cuts. Total’s management told AFP they had started halting refining operations after unions extended their two-day strike to an unlimited action. The CGT union then called for a one-day strike at the two refineries in France run by ExxonMobil, the biggest U.S. oil company, to support the Total workers, citing similar restructuring proposals at ExxonMobil. The Total strike Friday affected seven of the company’s 31 refineries which...
  • U.S. refinery rate drop shows crisis in downstream

    01/24/2010 5:13:42 PM PST · by thackney · 22 replies · 1,333+ views
    Reuters via Calgary Herald ^ | Jan 21, 2010 | Joshua Schneyer and Rebekah Kebede
    U.S. crude processing plants cut activity last week to the lowest utilization rate since the 1980s, excluding hurricanes, the latest sign of crisis in the world’s top oil consumer. U.S. refinery utilization dropped to 78.4 per cent of total capacity 17.6 million barrels per day, down 2.9 percentage points from the previous week, Energy Information Administration data released Thursday showed. The last time utilization of U.S. refining capacity fell to these levels was in the 1980s, excluding 2005 and 2008 when activity cratered due to hurricane-related refinery outages. The slump in refinery utilization comes on the heels of falling oil...
  • Oil-product imports may grow as U.S. refinery market suffers

    01/08/2010 8:52:35 AM PST · by 300magnum · 14 replies · 503+ views
    MarketWatch ^ | Jan. 8, 2010, 7:00 a.m. EST | Myra P. Saefong
    TOKYO (MarketWatch) -- A rough road of regulatory obstacles, dull demand for oil products and weak profitability has driven U.S. refiners to cut capacity, likely setting the market up for a growing reliance on imports. And consumers will be the ultimate losers. Massive regulatory hurdles make it highly unlikely the U.S. will see any new refineries built anytime in the near future, "if ever again," said Neal Ryan, a managing partner at Ryan Oil & Gas Partners LLC. The nation's last so-called grassroots refinery, one built from scratch, was completed more than 33 years ago. The lack of new refineries...
  • Shell to transform Montreal refinery into terminal

    01/08/2010 5:05:07 AM PST · by thackney · 18 replies · 554+ views
    Reuters via Calgary Herald ^ | January 7, 2010 | Jeffrey Jones and Scott Haggett
    Royal Dutch Shell PLC said Thursday it will transform its Montreal East refinery into a fuel terminal, making the 130,000-barrel-a-day plant the latest in North America to be closed because of weak returns. Shell, which has operated a refinery at the site for 76 years, said the plant did not fit into its long-term strategy. It opted to close the facility — likely by year’s end — after a seven-month search for a buyer came up dry. It will import fuel for its customers when production ends. “Despite significant efforts we took to market the facility to a number of...
  • Colombia appoints consultant for refinery project

    12/31/2009 5:17:38 AM PST · by thackney · 171+ views
    Oil & Gas Journal ^ | Dec 30, 2009 | OGJ Oil Diplomacy Editor
    Foster Wheeler AG said Refineria de Cartagena SA (Reficar) has accepted the offer by a joint venture of Foster Wheeler USA Corp. and Process Consultants Inc. to serve as consultant for the expansion of the Cartagena refinery. The project, which will expand the refinery's capacity to 165,000 b/d from 80,000 b/d, will also improve the fuel quality to meet Colombian and international environmental specifications. In addition to doubling its refining capacity, Reficar’s expanded facility will also have the flexibility to process heavy crude, including crude from the Rubiales and Piriri fields in the Eastern Plains region of Colombia. The goal...
  • Struggling U.S. refineries could attract foreign buyers

    12/27/2009 8:46:51 AM PST · by thackney · 3 replies · 336+ views
    AP via Houston Chronicle ^ | Dec. 25, 2009, 11:54PM | BRETT CLANTON
    A weakened U.S. refining industry could spell opportunity for foreign oil companies wanting to enter the world's biggest fuel market or buy plants on the cheap for other strategic reasons. Possible buyers include firms in nations with high demand for petroleum-based fuels but with insufficient refining capacity to make them, as well as companies in countries that need a home for surplus crude supplies, said Roger Ihne, a refining industry consultant with Deloitte in Houston. And if they're willing to pay current asking prices, they have much to choose from, with about 5 percent of the nation's refining capacity up...
  • Method makes refineries more efficient

    12/26/2009 11:31:21 AM PST · by Military family member · 22 replies · 702+ views
    WEST LAFAYETTE, Ind. - Refineries could trim millions of dollars in energy costs annually by using a new method developed at Purdue University to rearrange the distillation sequence needed to separate crude petroleum into products. The researchers have demonstrated their method on petroleum plants that separate crude, showing that 70 of the new sequences they identified could enable oil refineries to improve the energy efficiency of this step anywhere from 6 percent to 48 percent, said Rakesh Agrawal, the Winthrop E. Stone Distinguished Professor of Chemical Engineering.
  • Sinopec in $6.5 billion Iran refinery deal

    11/25/2009 5:46:00 AM PST · by theanchoragedailyruse · 9 replies · 384+ views
    Rueters ^ | November 25, 2009 | Reza Derakhshi
    TEHRAN (Reuters) - China's Sinopec (0386.HK) has signed a tentative deal to provide financing of $6.5 billion for oil refinery projects in Iran, two Iranian news agencies reported on Wednesday. If such an agreement goes ahead, it would provide Iran, the world's fifth-largest crude exporter, with much needed capital to help develop its all-important energy sector, which is under U.S. sanctions.
  • U.S. refiners keep tight rein on output

    11/23/2009 5:20:55 AM PST · by thackney · 19 replies · 572+ views
    Reuters via Calgary Herald ^ | By Janet Mcgurty, Reuters | Janet Mcgurty
    U.S. refiners are expected to keep output at historic lows through the beginning of 2010 as they wait for the economy to recover enough to revive demand for gasoline and other fuels. Refiners are keeping runs below 80 per cent of capacity by extending the scope and length of planned seasonal maintenance. They are even shutting plants in hopes of whittling down brimming diesel and gasoline stocks to keep profit margins in the black. Valero Energy Corp., America's biggest refiner, hammered home the extent of the industry's weakness on Friday when it said it will close its 210,000-barrel-a-day refinery in...
  • 550 to lose jobs as Valero Energy shuts Delaware refinery

    11/21/2009 10:07:28 PM PST · by curth · 55 replies · 2,737+ views
    Philadelphia Inquirer ^ | 11/21 | By Harold Brubaker, Jan Hefler, and Jane M. Von Bergen
    Oil-refinery workers on the Delaware River yesterday received their second big blow in six weeks, when Valero Energy Corp. said it would close its operation in Delaware City, Del., casting 550 out of work. When workers heard the news, "it was like a time bomb went off," said Matt Edler, who has worked for 10 years at the refinery that rises out of the lowlands near the Delaware River in southern New Castle County. "My grandfather worked there, my father, and I worked there," said Edler, who yesterday afternoon joined other shocked refinery workers at Red Lion Inn in Bear,...
  • New China refinery contrasts with U.S. slowdown

    11/11/2009 4:47:45 AM PST · by thackney · 7 replies · 391+ views
    Houston Chronicle ^ | Nov 11, 2009 | Brett Clanton
    Exxon Mobil Corp. and partners were expected to announce early today the completion of a $5 billion refining and chemical complex in China's Fujian province, a sprawling project that arrives as U.S. refineries and chemical plants are closing. The complex in the city of Quanzhou, which Exxon Mobil developed with Saudi Aramco, China's Sinopec and the Fujian government, will expand production of transportation fuels like diesel and widely used building block chemicals, demand for both of which is projected to grow rapidly in China in coming years. As such, it is a show of confidence by one of the world's...
  • BP Restarts Texas City Refinery Reformer -Filing

    11/01/2009 2:38:17 PM PST · by blam · 16 replies · 605+ views
    Reuters ^ | 11-1-2009
    BP Restarts Texas City Refinery Reformer -Filing Sun Nov 1, 2009 5:20pm EST HOUSTON, Nov 1 (Reuters) - BP Plc (BP.L) (BP.N) began restarting Ultraformer No. 4 at its 475,000 barrel per day (bpd) Texas City, Texas, refinery on Sunday, according to a notice filed on Saturday with state pollution regulators.[snip]

    09/25/2009 7:12:54 AM PDT · by kellynla · 32 replies · 1,784+ views
    CNBC | 9/25/2009 | staff
  • Shifting Oil Sands

    09/01/2009 5:03:45 PM PDT · by Kaslin · 5 replies · 1,027+ views
    IBD Editorials ^ | September 1, 2009 | INVESTORS BUSINESS DAILY Staff
    Energy: We balk at importing "dirty" oil from Canada, but others aren't so reluctant. Exempt as a "developing" nation from Kyoto-like agreements, China has decided to help Canada develop its energy-rich oil sands.The Financial Post reports that PetroChina International Investment Co. has struck a deal to buy a 60% interest in Athabasca Oil Sands Corp.'s McKay River and Dover projects for $1.9 billion. China has been establishing energy beachheads around the world in its quest to keep its growing economy fueled. With possible conflict brewing between Israel and Iran, Beijing recognizes the need for reliable suppliers like Canada in an...
  • Cap-And-Trade Is Refinery Killer

    08/25/2009 5:59:14 PM PDT · by Kaslin · 15 replies · 1,936+ views
    IBD Editorials ^ | August 25, 2009 | INVESTORS BSINESS DAILY Staff
    Energy Policy: A new study shows that Waxman-Markey will increase prices at the pump, deepen our dependence on foreign oil and shred our ability to turn crude into gasoline. Even fuel-efficient cars will still need fuel.Oil may bubble up out of the ground, but gasoline does not. It's made in those ugly little NIMBY places called refineries we are loath to build anymore because we're too busy trying to save the Earth rather than our economy and American jobs. When Hurricane Katrina shut down 20% of our refining capacity in a single day and raised gas prices in a single...
  • Explosions Reported At Ethylene Facility In Del.

    05/17/2009 8:56:45 PM PDT · by Cringing Negativism Network · 13 replies · 1,016+ views
    CBS3 ^ | 05-17-09
    A series of loud explosions has been reported in the area of a Sun Oil ethylene facility in New Castle County.
  • Iran plans privatizing oil refineries

    04/11/2009 10:25:56 AM PDT · by pissant · 5 replies · 399+ views
    Tehran Times ^ | 4/11/09 | staff
    Iranian refineries currently need around 12 billion dollars to renovate their facilities and increase output. Iran, the world’s fourth largest oil producer, unveils an economic plan to privatize its oil refineries in line with its privatization scheme. The Oil Ministry and the Iran Privatization Organization (IPO) are in talks to reach an agreement on transferring the shares of the refineries to the private sector, said Minolta Eskandari, a director at the National Iranian Oil Refining and Distribution Company. Article 44 of the Iranian Constitution stipulates that the country’s economic system shall be based on public, cooperative and private sectors.
  • Oil Refiners Face More Pain In 2009-2010 - Analysts

    04/02/2009 7:56:47 AM PDT · by thackney · 34 replies · 870+ views
    Easy Bourse ^ | April 1st, 2009 | Dow Jones
    <p>Oil refiners will face leaner margins over the next two years as weak demand causes a buildup of excess refining capacity, analysts said Wednesday.</p> <p>"We have a bearish outlook for 2009 on the European refining sector," UBS analysts said in a report. "We have a very negative outlook for refining margins and believe that the market isn't pricing in significantly lower margins."</p>
  • Sinclair Oil says Wyoming refinery cuts throughput on fire

    03/31/2009 4:58:57 AM PDT · by thackney · 2 replies · 597+ views
    Platts ^ | 31 Mar 09 | Esa Ramasamy
    Sinclair Oil has reduced crude throughput at its 71,500 b/d refinery in Rawlins, Wyoming, due to a fire at the refinery Sunday, the company said Monday. "The refinery is currently operating at partial capacity and Sinclair is working as quickly as possible to repair the process unit," the company said in a statement. Company officials were not available for immediate comment on the refinery's current run rates. The blaze broke out at a "heater adjacent to a hydro-desulfurization unit" at about 7:10 am MDT (1410 GMT) Sunday, Sinclair said. It was extinguished within 70 minutes and there were no injuries....