Refined Products Archives - Page 24 of 32 -

Chevron Likes Idea of Buying or Building its Own Houston Refinery for West Texas Light Oil

October 11, 2018

Houston ship channel location “could make a lot of sense” From the Houston Chronicle Chevron said Wednesday it’s interested in either buying or building an oil refinery in the Houston area to process its booming production from West Texas’ Permian Basin. Chevron is the nation’s second-largest energy company, but it doesn’t have any Texas refineries. Outside of the West Coast,

50 Cranes and Counting at Shell’s Pennsylvania Polyethylene Mega-Plant

October 9, 2018

From the Pittsburgh Business Times Work continues to ramp up at Shell’s petrochemical plant being built in Beaver County, with about 50 cranes on the site, including some of the world’s largest. There are so many cranes that they all can’t be seen in one view on the site, said Michael Marr, Shell’s business integration lead who provided an update on

Moody’s is All Aboard for Precision Railroading, But as to Shippers…

October 3, 2018

From FreightWaves Let’s hear it for precision railroading. That’s the message of a recent report by Moody’s Investors Service, one of the leading debt rating agencies, about the system pioneered by the late Hunter Harrison at Canadian Pacific (NYSE: CP) and now being implemented at CSX (NYSE: CSX) . As the report notes, with it also in place at Canadian

U.S. Lawmaker Wants EPA's Biofuel Waivers Investigated - Oil & Gas 360

EPA Adds Transparency to Soften Feud Between Oil and Farmers re Ethanol Mandate

September 25, 2018

RIN tracking for oil refineries, and waivers for economic harm to small refineries From Bloomberg President Donald Trump’s Environmental Protection Agency is taking a step to boost transparency for the country’s ethanol mandate, a move that could draw rare mutual applause from both farmers and oil refiners. On Thursday, the EPA unveiled a website that tracks prices for Renewable Identification

Shareholders of Marathon and Andeavor Approve Strategic Combination

September 24, 2018

At special meetings today, shareholders of both Marathon Petroleum Corp. (NYSE: MPC) and Andeavor (NYSE: ANDV) voted to approve the strategic combination of MPC and Andeavor. MPC shareholders approved the issuance of shares of MPC common stock and Andeavor shareholders approved the adoption of the previously announced agreement and plan of merger. MPC’s proposal to issue shares in connection with

Robust Ethane Supplies from U.S. Shale Boom Drive Chemical Plant Investment to $200 Billion

September 11, 2018

U.S. chemical, plastics plant investment of $202 billion is direct result of shale gas growth: ACC The American Chemistry Council (ACC) released data today and the trade group has determined that U.S. chemical and plastics industry investment linked to plentiful and affordable domestic supplies of natural gas and natural gas liquids (NGLs) from shale has surpassed $200 billion. Summary: Since 2010,

Natural Gas is Reducing Transport Sector Emissions at U.S. and Canadian Port Cities

Refiners Struggle As Low-Sulphur Upgrade Nears $1 Billion Per Plant

August 29, 2018

From gCaptain/Reuters (Reuters) – Global energy trader Gunvor Group has put on hold plans to upgrade its Rotterdam refinery that intended to make the plant more competitive ahead of new global rules on shipping fuel quality, it said on Tuesday, citing market conditions. Global oil and shipping companies are looking at options to cope with the new standards that come

Holiday Weekend Road Trip: Gasoline Prices Mirror Last Year - Oil & Gas 360

U.S. Refineries: Near-Record High Inputs on Global, Domestic Gasoline, Distillate Fuel Oil Demand

August 13, 2018

For the week ending July 6, 2018, the four-week average of U.S. gross refinery inputs surpassed 18 million barrels per day (b/d) for the first time on record. U.S. refineries are running at record levels in response to robust domestic and international demand for motor gasoline and distillate fuel oil. Despite record-high inputs, refinery utilization as a percentage of capacity

Pipeline Bottlenecks Deliver High Refiner Margins

August 8, 2018

Record U.S. crude production and pipeline bottlenecks have helped to lower oil costs for refiners, boosting margins From the Wall Street Journal American fuel makers are posting their best second-quarter profits in years, thanks to soaring domestic oil production and regional pipeline bottlenecks that are allowing them to buy crude on the cheap. Refining companies typically suffer as oil prices rise because drivers scale

Big Crude Oil Margins Should Boost U.S. Refiner Earnings

July 19, 2018

From Reuters U.S. refiners ran full-tilt in the second quarter, fueled by cheap domestic crude and fat margins that should boost earnings, though their heavy activity could eventually saturate the market with gasoline, sapping profits down the road. U.S. independent refiners, including Phillips 66 and Marathon Petroleum Corp, are expected to announce strong results due to the heavy discounts for

Bakken-Only Light Oil Refinery to Break Ground in July

July 16, 2018

U.S. refinery capacity remained in stasis during 2017-2018 The EIA reported on Monday that as of January 1, 2018, U.S. operable atmospheric crude distillation capacity totaled 18.6 million barrels per calendar day (b/cd), a slight decrease of 0.1% since the beginning of 2017 according to the administration’s annual Refinery Capacity Report. But in North Dakota at least, some new refining

IEA Sees Oil Demand Growth Falling to Lowest Level in Years as Global Economy Stalls Oil & Gas 360

Billionaire Makes a $15-Billion Bet on Oil

July 13, 2018

Pushing the limits: following a $10 billion refinery and petchem plant and a $2.5 billion fertilizer plant, billionaire wants to acquire oil fields that will deliver 250,000 barrels of oil production daily From Bloomberg Aliko Dangote has made a fortune out of cement and food processing. Now, Africa’s richest person is embarking on a bigger challenge: a $15 billion investment in

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