Downstream

Source: Reuters

Exclusive: Iraq cuts crude oil supplies for most Indian refiners in 2021 – sources

Reuters


NEW DELHI – Iraq has reduced annual supplies of Basra crude oil to several Indian refiners by up to 20% for 2021, industry sources said, in a rare move by OPEC’s second-largest producer which is trying to meet its …

January 21, 2021 - 11:00 am Closing Bell Story‎, Crude Oil News, Downstream, Energy News
Source: Reuters

Saudi Aramco cuts February crude supply to some Asian refiners – sources

Reuters


SINGAPORE/NEW DELHI – Top oil exporter Saudi Arabia has cut supplies of February-loading crude for some Asian buyer by up to a quarter while meeting requirements of at least four others, several refinery and trade sources with knowledge of …

Source: Reuters

Exclusive: BP gives Caribbean refinery more time to hit operating targets – sources

Reuters


NEW YORK – BP Plc has given the operator of a Caribbean refinery more time to fully restart and retain its crude oil supply agreement after the plant failed to hit operating targets last year, according to people familiar …

January 7, 2021 - 12:00 pm Closing Bell Story‎, Crude Oil News, Downstream, Energy News
Source: Reuters

Citgo plans Q4 2021 overhaul at Corpus Christi refinery; may be postponed

Reuters


HOUSTON -Citgo Petroleum Corp plans an overhaul at its 167,500 barrel-per-day (bpd) Corpus Christi, Texas, refinery in the fourth quarter of 2021, the company said on Monday.

The fourth-quarter 2021 turnaround could be rescheduled, Citgo said.

Sources told Reuters …

December 22, 2020 - 1:00 pm Closing Bell Story‎, Crude Oil News, Downstream, Energy News
Caribbean refinery sells first product after yearlong delay

Caribbean refinery sells first product after yearlong delay

BOE

Caribbean refinery Limetree Bay Ventures sold the first oil product to a buyer in the Gulf Coast on Monday, according to a shipbroking source and Refintiv Eikon data, nearly a year after the long-shuttered facility was expected to restart, …

December 15, 2020 - 8:16 am Downstream, International
Source: Reuters

U.S. gasoline demand during Thanksgiving week lowest since 1997: OPIS

Reuters


NEW YORK  – U.S. gasoline consumption fell during the Thanksgiving holiday week to the lowest in more than 20 years, said OPIS, an IHS Markit company, as coronavirus cases surged and government officials urged residents to stay home.

Since …

December 7, 2020 - 1:30 pm Closing Bell Story‎, Crude Oil News, Downstream, Energy News
Shell Convent, Louisiana, refinery workers get severance package details – sources

Shell Convent, Louisiana, refinery workers get severance package details – sources

Reuters

Hourly employees at Royal Dutch Shell Plc’s Convent, Louisiana, refinery, scheduled for permanent closure as early as next week, received details this week of the severance package negotiated by their union and Shell, three people familiar with the agreement …

November 28, 2020 - 5:47 am Downstream, Jobs
Source: Houston Chronicle

Shell may permanently shut Louisiana refinery – A “no reply” from Shell spokesman

BIC

Royal Dutch Shell PLC may begin the permanent shutdown of its 211,146 barrel-per-day Convent, Louisiana, refinery early next week, people familiar with plant operations said on Monday to Reuters.

Shell announced on Nov. 5 the refinery, located 57 miles …

November 24, 2020 - 8:13 am Crude Oil News, Downstream
Indian Prime Minister Narendra Modi (Photo: Prachatai/Flickr)

Modi says India set to double oil refining capacity in 5 years, earlier than expected – just part of the “balanced diet of power”

Energyworld

Oil & Gas 360 Publishers Note: Narendra Modi, Prime Minister of India, again is demonstrating that his power policies are using the “balanced diet of power” to include fossil and renewable sources. His leadership in power principals should be

US will fall behind China as world’s largest oil refiner in 2021

US will fall behind China as world’s largest oil refiner in 2021

Bloomberg

Earlier this month, Royal Dutch Shell Plc pulled the plug on its Convent refinery in Louisiana. Unlike many oil refineries shut in recent years, Convent was far from obsolete: it’s fairly big by U.S. standards and sophisticated enough to …

November 22, 2020 - 5:32 am Downstream, International
Source: Reuters

Factbox: Oil refiners shut plants as demand losses may never return

Reuters


Oil refiners are permanently closing processing plants in Asia and North America and facilities in Europe could be next because of uncertain prospects for a recovery in fuel demand after the coronavirus pandemic cut consumption.

The pandemic initially cut …

November 11, 2020 - 2:30 pm Closing Bell Story‎, Crude Oil News, Downstream, Energy News
Exclusive 360 Energy Expert Network Video Interview: CyberX – Securing our energy is not just a critical national security issue

Exclusive 360 Energy Expert Network Video Interview: CyberX – Securing our energy is not just a critical national security issue

We had a great talk about the CyberX's expertise in industrial and operational technology (OT) security and the recent acquisition by Microsoft. This is a great combination for the worldwide effort to secure energy, in all forms, from potential hackers

Genesis Energy expects up to $50 million in losses due to storms – normally only $8 to $10 million

Genesis Energy expects up to $50 million in losses due to storms – normally only $8 to $10 million

BIC

Genesis Energy LP said it expects to lose as much as $50 million this year due to a battery of storms that hit the U.S. Gulf of Mexico and forced lengthy offshore oil and gas production shut-ins, Chief Executive …

November 6, 2020 - 9:34 am Downstream, Offshore, Pipeline News
Shell to divest 8 refineries from its portfolio -that will help cashflow

Shell to divest 8 refineries from its portfolio -that will help cashflow

BIC

Shell plans to reduce its refinery portfolio to six sites from 14 by 2025, the company said on Thursday in its third-quarter results announcement for 2020.

The company said it will transform its refining portfolio from the current 14 …

BP to shut Australia’s largest refinery: Update

BP to shut Australia’s largest refinery: Update

Argus

Adds details of crude imports to Kwinana in sixth paragraph

Sydney, 30 October (Argus) — BP is to convert its 146,000 b/d Kwinana refinery in Western Australia (WA) to an import terminal, in the latest downstream closure to hit …

October 30, 2020 - 5:18 am Downstream, International
Imperial starts operation of cogeneration unit at Strathcona refinery

Imperial starts operation of cogeneration unit at Strathcona refinery

Helps reduce provincial greenhouse gas emissions by approximately 112,000 tonnes annu…

October 29, 2020 - 3:52 am Downstream, ESG, Press Releases
KNPC starts up boilers at Mina Abdullah refinery CFP – Kuwait’s CFP

KNPC starts up boilers at Mina Abdullah refinery CFP – Kuwait’s CFP

Argus

Dubai, 25 October (Argus) — Kuwait’s state-owned refiner KNPC has announced the start-up of six boilers at its 265,000 b/d Mina Abdullah refinery – another step towards the planned completion of its long-delayed $16bn Clean Fuels Project (CFP) later …

October 25, 2020 - 7:50 am Downstream, International
Second Covid-19 wave adds to European refiners’ woes

Second Covid-19 wave adds to European refiners’ woes

Argus

London, 23 October (Argus) — Europe is becoming engulfed by a second wave of Covid-19, triggering fresh travel restrictions and pulling down transport fuel margins. This makes for a bleak outlook for regional refiners already struggling with low products …

October 23, 2020 - 10:09 am Downstream, Economy, International
Source: Reuters

Facing wave of closures, oil refiners turn to biofuels

Reuters


LONDON/NEW YORK  – European and U.S. oil refineries face a wave of closures due to plateauing fuel demand, tightening environmental rules and overseas competition, prompting some owners to opt for an easier alternative – converting plants to produce biofuels.…

October 19, 2020 - 1:00 pm Closing Bell Story‎, Downstream, Energy News
Saudi Aramco, Adnoc committed to $44 bn west coast refinery project: IOC Chairman

Saudi Aramco, Adnoc committed to $44 bn west coast refinery project: IOC Chairman

EnergyWorld

State-owned IOC, Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) together with Saudi Aramco and Adnoc plan to set up a 60 million tonnes refinery-cum-petrochemical complex on Maharashtra coast

New Delhi: Saudi Arabian Oil Co (…

October 16, 2020 - 5:19 am Crude Oil News, Downstream, Energy News, International
Petrobras lagging on refinery sales

Petrobras lagging on refinery sales

argus

Rio de Janeiro, 15 October (Argus) — Brazil’s state-controlled Petrobras only expects to sign one refinery sales agreement by year-end, rather than five as originally targeted, a senior company executive familiar with the process tells Argus.

The delay …

October 15, 2020 - 12:58 pm Crude Oil News, Downstream, Energy News, Uncategorized
Total’s European refining margin turns negative in 3Q

Total’s European refining margin turns negative in 3Q

argus

London, 15 October (Argus) — Total’s European refining margin slipped into negative territory in July-September, the latest in a series of depressed third-quarter indicators. The outlook for the regional sector remains gloomy.

Total’s margin was -$2.70/t (-$0.37/bl) in the

October 15, 2020 - 5:17 am Downstream, Economy, International
Energy Companies Begin To Restore Operations After Hurricane Delta

Energy Companies Begin To Restore Operations After Hurricane Delta

By Erwin Seba HOUSTON (Reuters) – U.S. energy companies were returning workers …

October 11, 2020 - 8:36 pm Crude Oil News, Downstream, Offshore, Press Releases
Source: Reuters

Top U.S. oil refiner, Marathon Petroleum, begins widespread job cuts -sources

 


HOUSTON, Sept 29 (Reuters) – Marathon Petroleum Corp MPC.N, the largest U.S. oil refiner, on Tuesday began cutting employees at its U.S. operations as the COVID-19 pandemic further narrowed global demand for motor fuels, people familiar with plant …

September 29, 2020 - 9:20 pm Crude Oil News, Downstream, Economy, Jobs
Source: Reuters

Oil refiners worldwide struggle with weak demand, inventory glut

Reuters


NEW YORK/LONDON/MELBOURNE- Global oil refiners reeling from months of lackluster demand and an abundance of inventories are cutting fuel production into the autumn because the recovery in demand from the impact of coronavirus has stalled, according to executives, refinery …

September 21, 2020 - 11:00 am Closing Bell Story‎, Crude Oil News, Downstream, Energy News
Aramco, ZPC pursue delayed China refinery investment

Aramco, ZPC pursue delayed China refinery investment

Argus


 State-controlled Saudi Aramco is facing delays closing its planned purchase of a stake in China’s biggest private-sector refining complex, but remains committed to the deal despite pullbacks elsewhere.

Aramco signed an initial agreement in October 2018 to buy a …

September 17, 2020 - 6:49 am Crude Oil News, Downstream, Energy News, Finance, International
Hurricane’s heavy rains to dampen fuel demand, offshore sites closed

Hurricane’s heavy rains to dampen fuel demand, offshore sites closed

BIC


More than a fourth of U.S. Gulf of Mexico offshore oil and gas production remains shut because of Hurricane Sally, which is creeping inland along the Alabama-Florida border, causing life-threatening flooding and cutting fuel demand in the U.S. Southeast, …

NNPC gives reasons for shutting down all refineries

NNPC gives reasons for shutting down all refineries

Energy Mix


The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, says the four oil refineries in the country have been shut down in Port Harcourt, Warri and Kaduna.

Kyari said this on Channels Television’s Politics Today …

September 13, 2020 - 6:53 am Crude Oil News, Downstream, International
Why The Oil Industry’s $400 Billion Bet On Plastics Could Backfire

Why The Oil Industry’s $400 Billion Bet On Plastics Could Backfire

RoyalDuch Shell


Oil & Gas 360 Publishers Note: Very interesting opinion piece around the oil based manufacturing of plastics.  While the major oil companies are investing in renewable energy, it seems that they are not forgetting the core demand for

CITGO Lake Charles Refinery Update

CITGO Lake Charles Refinery Update

HOUSTON , Aug. 28, 2020 /PRNewswire/ — CITGO Petroleum Corporation today reported n…

August 28, 2020 - 2:26 pm Downstream, Press Releases