Refined Products Archives - Page 15 of 32 -

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

December 22, 2020

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 on Friday that Citgo was postponing planned maintenance scheduled for 2021 at the Corpus Christi refinery. The move is motivated

Caribbean refinery sells first product after yearlong delay

December 15, 2020

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, Reuters reported. Oil major BP Plc took delivery of approximately 216,000 barrels of naphtha, a product used as a solvent as

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

December 7, 2020

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 March, the coronavirus pandemic has crushed fuel demand in the United States because of lockdown orders to stay indoors to

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

November 28, 2020

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 said on Friday. Shell said on Nov. 5 it was closing the refinery after failing to find a buyer for

Exxon, Shell face uphill legal battle over soured Nigerian deal- oil and gas 360

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

November 24, 2020

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 (92 km) west of New Orleans, was to close after the company failed to find a buyer amid the COVID-19 pandemic.

India Prime Minister Narencra Modi-oilandgas 360

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

November 23, 2020

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 noted by other countries. He is also targeting lower carbon emissions. The country’s energy minister was quoted in June as

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

November 22, 2020

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 turn a wide range of crude oils into high-value fuels. Yet Shell, the world’s third-biggest oil major, wanted to radically

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

November 11, 2020

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 global fuel demand 30% and refiners temporarily idled plants. But consumption has not returned to pre-pandemic levels and lower travel

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

November 10, 2020

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 bent on destruction. This potential threat from terrorists, and hostile governments, bent on imposing their will is a security disaster

Genesis Energy expects up to 50 million in losses due to storms - oilandgas360

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

November 6, 2020

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 Grant Sims told investors, as reported by Reuters. In a typical year, storms would cost the company about $8 to $10

Shell finalizes sale of Martinez Refinery - oilandgas360

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

November 3, 2020

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 sites into six high-value energy and chemical parks. The six sites include Deer Park, Texas, U.S.; Norco, Louisiana, U.S.; Pernis,

BP to shut Australia’s largest refinery: Update

October 30, 2020

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 the region amid weak markets and rising competition from China. All refining activities at Kwinana — Australia’s largest refinery —

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