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Keyword: refinery

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  • New Zealand bans all new offshore oil exploration as part of 'carbon-neutral future'

    04/18/2018 9:30:07 AM PDT · by SmarterJr · 7 replies
    The Guardian ^ | Thu 12 Apr 2018 02.17 BST | Eleanor Ainge Roy
    The New Zealand government will grant no new offshore oil exploration permits in a move that is being hailed by conservation and environmental groups as a historic victory in the battle against climate change.
  • First Oil Refinery To Open In 40 Years Breaks Ground In West Texas

    11/20/2017 6:46:22 AM PST · by mandaladon · 45 replies
    OANN ^ | 20 Nov 2017
    The first oil refinery to open in the U.S. in 40 years breaks ground in west Texas. The MMEX Resources Corporation’s $50 million project is set to be built in Pecos County. The area holds a significant crude oil supply, and is also railroad accessible. It will be developed in two phases, and is expected to create hundreds of jobs. Once it is completed, the 126 acre refinery will be able to process 10,000 barrels of crude oil each day. Meanwhile, officials plan to file permits for a second unit that would be able to produce 100,000 barrels. The first...
  • RR commissioner: There's no fuel crisis in Texas

    08/31/2017 6:26:40 PM PDT · by Snickering Hound · 52 replies
    KHOU Houston ^ | 8-31-2017 | David Schechter and Marjorie Owens
    DALLAS - As gas prices spike across Texas and fuel runs short at some gas stations, officials say there's no shortage of fuel in the state because of Harvey. Texas Railroad Commissioner Ryan Sitton said consumers are putting undue demand on fuel and that's making it difficult to resupply gas stations in a timely fashion. He called the problem simply one of demand and logistics. "There's plenty of gasoline," he said. "This will subside." Sitton says he understands the worry as people drive up to gas stations and see high prices, long lines and red bags covering gas pumps. But...
  • Oil factbox: Refinery outages, port closures

    08/29/2017 3:46:34 PM PDT · by ameribbean expat · 9 replies
    Roughly 2.33 million b/d of Texas refining capacity remained down due to shutdowns, but with refiners also cutting rates that figure is likely much higher. If those cutting runs are at 50% of capacity, that would put the total downed capacity at 3.36 million b/d (18% of the US total). Vessel traffic into and out of the US Gulf Coast has largely been closed, restricting oil and refined products imports and exports. The US Coast Guard set port condition Zulu for Louisiana port Lake Charles and Texas ports Beaumont, Nederland, Orange, Port Arthur, Port Neches, Sabine and Sabine Bar. The...
  • ExxonMobil and SABIC pick Texas site over Louisiana for massive petrochemical complex (4,100 jobs)

    04/19/2017 10:05:34 AM PDT · by 2ndDivisionVet · 6 replies
    The Advocate ^ | April 19, 2017 | Staff
    The battle between Louisiana and Texas for ExxonMobil Chemical Co. and Saudi Basic Industries Corp.'s "world-scale" petrochemical complex is over, and Texas won. The partners have chosen a site in San Patricio County, Texas, for the proposed petrochemical plant, which will provide the building blocks for polyester, anti-freeze, plastic bottles and food packaging. Ascension and St. James parishes were among the four sites considered for the plant. The fourth also was in Texas. The proposed multibillion-dollar investment would include an ethane steam cracker capable of producing nearly 2 million tons of ethylene a year. If built, the project would create...
  • Work begins on chemical plant north of Thibodaux (Louisiana)

    04/07/2017 6:15:23 PM PDT · by 2ndDivisionVet · 4 replies
    Houma Today ^ | April 7, 2017 | Keith Magill, Executive Editor
    A Chinese chemical company says it has begun building a $1.85 billion plant in St. James Parish, about 15 miles north of Thibodaux, that promises to create hundreds of jobs. Yuhuang Chemical began construction on the methanol plant in January and expects to complete the complex, along the Mississippi River, in late 2019, the company said in a news release Thursday. “The first phase of the project is a $1.5 billion methanol manufacturing complex,” the company said. “Two more phases are set to follow, leading to the employment of 100 permanent workers. The plant is also expected to create around...
  • South Texas to get America’s largest new refinery since ‘77

    11/23/2016 2:25:53 AM PST · by Dacula · 34 replies
    A Houston company is looking to pump $500 million into South Texas to create the largest new refinery in the U.S. in nearly 40 years. The facility — located in the southwest corner of Duval County off of Texas Highway 359 — will be able to process up to 50,000 barrels of Eagle Ford shale light crude oil a day, and will have up to 4 million barrels of available storage, the company said in a news release. Raven Petroleum says it will produce diesel, jet fuel, naphtha, gasoline, and liquified petroleum gas products to be exported via rail and...
  • U.S. Gasoline Prices Surprisingly Rise In Late-Summer Week

    08/23/2016 2:25:04 PM PDT · by bananaman22 · 7 replies ^ | 23-08-2016 | Paraskova
    In one of the rare recent increases for a late-summer week, U.S. retail gasoline prices unexpectedly rose in the week to August 22, by US$0.044 to US$ 2.193 per gallon, according to data by the U.S. Energy Information Administration (EIA). Gasoline prices have dropped during this particular week in eight of the past ten years, and last week saw the biggest increase for this week since a US$0.062 rise in 2005. In the previous two August weeks, U.S. average gasoline prices had stood at US$2.150 in the week to August 8 and at US$2.149 in the week to August 15....
  • Lockdown at ExxonMobil Refinery in Baytown after Security Breach

    04/09/2016 11:42:49 AM PDT · by pax_et_bonum · 25 replies
    ABC News ^ | April 9, 2016
    A lockdown is in effect at the ExxonMobile refinery in Baytown after a security breach. Company officials say around 7:30am, a person went inside the plant without permission. "We take matters of this nature very seriously and are working closely with Baytown Police Department," says Todd Spitler, spokesman for Exxon Mobil.
  • Huge Fire Erupts at ExxonMobil Refinery Near Houston

    04/08/2016 3:42:52 PM PDT · by bananaman22 · 58 replies ^ | Oh Lord It's A Fire
    An enormous fire erupted an ExxonMobil refinery in Texas on Thursday. The Baytown refinery caught fire, leading to huge black plumes of smoke into the air, visible from downtown Houston. Almost as soon as the fire in the ExxonMobil refinery was extinguished, we got reports of a fire in a refinery belonging to LyondellBasell Industries. CNBC reported that the fire occured in the coker unit of the refinery that can process over 263.000 barrels per day.
  • Saudi Aramco To Own The Largest US Refinery

    03/17/2016 10:30:02 PM PDT · by Rabin · 4 replies
    Oilpro ^ | 3/17/16 | Jeff Reed
    Abdulrahman Al-Wuhaib, senior vice president, said in the Wednesday statement that.. Saudi Aramco will assumes Sole Ownership America's largest refinery. The Port Arthur Texas Complex includes 26 distribution terminals, and hold an exclusive license to use the Shell brand for gasoline and diesel sales in Texas, most of the Mississippi Valley, the Southeast and Mid-Atlantic markets. //Snipp// Jeff Eggemeyer ... The largest refinery in our country, being in sole ownership of the Saudi government, ... You need only look at the current "free market" strategy (mutilating currency reserves to destroy corporate and NOCC competitors) being employed by the Sauds, and...
  • Largest U.S. Refinery Now Belongs To Saudi Arabia

    03/17/2016 12:58:57 PM PDT · by bananaman22 · 29 replies ^ | 17-03-2016 | Harvey
    Royal Dutch Shell and Saudi Aramco appear to be getting a divorce, breaking up their joint venture in U.S.-based refining assets. The two companies joined together to create Motiva Enterprises LLC in 1998, a 50-50 joint venture that operated three refineries on the U.S. Gulf Coast. But Shell and Saudi Aramco have seen their interests head in different directions. "It is now time for the partners to pursue their independent downstream goals," said Abdulrahman Al-Wuhaib, a senior vice president of Saudi Aramco’s downstream unit. Reuters reported that the relationship started to fray after Motiva announced a $10 billion expansion of...
  • Hydrogen for refineries is increasingly provided by industrial suppliers

    01/20/2016 9:53:27 AM PST · by thackney · 12 replies
    Energy Information Administration ^ | JANUARY 20, 2016 | Energy Information Administration
    Refineries use hydrogen to lower the sulfur content of diesel fuel. Refinery demand for hydrogen has increased as demand for diesel fuel has risen both domestically and internationally, and as sulfur-content regulations have become more stringent. EIA data show that much of the growth in hydrogen use at refineries is being met through hydrogen purchased from merchant suppliers rather than from increased hydrogen production on-site at the refinery. The increased use of purchased hydrogen has implications for the refining industry's use of natural gas as a feedstock. There are two forms of hydrogen production: on-purpose hydrogen production using steam methane...
  • Buffett’s firm buys another 1.6 million Phillips 66 shares

    01/18/2016 5:32:00 AM PST · by thackney · 4 replies
    Fuel Fix ^ | January 17, 2016 | Associated Press
    Berkshire Hathaway is continuing this month string of Phillips 66 stock purchases, and Warren Buffett's conglomerate now controls 12.9 percent of the oil refiner. Berkshire filed documents with the Securities and Exchange Commission on Friday that disclosed purchases of another 1.6 million Phillips 66 shares. Buffett's company has now bought nearly 7.5 million shares of Houston-based Phillips 66 this month....

    01/15/2016 5:19:11 AM PST · by thackney · 2 replies
    Platts ^ | 14 Jan 2016 | Platts
    With oil product stocks at moderate levels, Shandong's teapot refineries have kept refinery run rates relatively high, which is supporting demand for feedstock crudes, sources said this week. Regular importer Beifang Asphalt Fuel in northeastern Liaoning province plans to import around 500,000 mt/month of imported crudes over January and February, a refinery source said Thursday. This month, the refinery will take delivery of a 100,000-mt cargo of Russian's Sakhalin blend, 120,000-mt of Nemba crude from Angola, and 34,000-mt of Sarir crude from Libya. Other grades destined for this month arrival, include those Black Lion from Vietnam, Marlim and Roncador from...
  • The pig and the python: How American refineries are dealing with the oil glut

    12/07/2015 4:49:07 AM PST · by thackney · 25 replies
    Platts ^ | December 4, 2015 | Amanda Rayborn and Luciano Battistini
    Record US crude oil inventory levels in 2015 reminds us of a pig crossing paths with a python. The pig is consumed by the snake, bulging in the reptile's stomach as it goes through the digestive process, and is a handy parable for oil markets. In 2015 US refineries took unprecedented bites out of the US crude oil glut that was largely the result of higher domestic production levels. But while these python-like refineries have increasingly been built to take a more variable diet, the pigs are getting larger and possibly outgrowing the refineries' ability to digest the upcoming portions....
  • Putin hits ISIS where it hurts: Russia hits more than 200 targets in 24 hours as Moscow [tr]

    11/19/2015 6:12:59 AM PST · by C19fan · 15 replies
    UK Daily Mail ^ | November 19, 2015 | Keiligh Baker
    Russia has released footage which shows its fighter jets targeting oil trucks and a refinery, as Moscow confirmed it hit more than 200 targets in Syria in 127 sorties. On Tuesday alone, the day Russia confirmed a terrorist attack caused the downing of a passenger jet in Egypt, it hit 206 targets a defence ministry source told RT. France meanwhile said it had destroyed 35 targets since the terrorist attack. As well as flying from an airfield near Latakia, they also flew strategic bombers from Russian territory.
  • Phillips 66 grows in Texas, Louisiana to feed refineries

    10/22/2015 5:57:40 AM PDT · by thackney · 8 replies
    Fuel Fix ^ | October 21, 2015 | Jordan Blum
    Old signage on an original structure still reads “Continental Oil Company” — the full name of Conoco — but Phillips 66’s 74-year-old Lake Charles Refinery in Louisiana now processes nearly 250,000 barrels of crude oil a day and more upgrades are on the way. Construction recently began for a new hydrotreater at the Lake Charles Refinery to meet federal Tier 3 standards for lower sulfur content in gasoline for the beginning of 2017. On a media tour, plant manager Steve Geiger said the project will be completed by late 2016. Phillips 66 also is considering building a new hydrocracker or...
  • Exxon Mobil to sell troubled Torrance refinery to New Jersey buyer for $537.5 million

    10/01/2015 5:25:48 AM PDT · by thackney · 7 replies
    Fuel Fix ^ | September 30, 2015 | Jordan Blum
    Exxon Mobil Corp. said Wednesday it will sell its refinery in Torrance, California to PBF Energy, a New Jersey-based refining company, following an explosion at the facility in February. PBF said it will buy the refinery, a nearby lubricants distribution center and associated terminals and pipelines for a total of $537.5 million. Exxon Mobil said in its announcement that it expected the company, which has long admitted having an eye on moving into California, to take control of the refinery by mid-2016. PBF said it will finance the deal with a combination of cash, debt and equity. Exxon Mobil also...
  • Deadlock in battle for Iraq refinery casts doubts on Mosul campaign

    09/24/2015 11:24:38 AM PDT · by keat · 7 replies
    Reuters ^ | Thu Sep 24, 2015 12:37pm EDT | Stephen Kalin and Phil Stewart
    The Iraqi army's failure to recapture the country's largest oil refinery from Islamic State after 15 months of fighting is calling into question the government's plans to retake the northern city of Mosul from the jihadists. Iraq's military has been trying to build momentum at the Baiji refinery and in Anbar province in the west before attempting to seize Mosul, the biggest prize in the war against the ultra-hardine Sunni group. Officials say the army should secure gains in those areas before setting its sights on Mosul, the largest city in the north. Advances in Anbar's vast desert terrain since...