Refined Products – Page 23

East Coast Refiner Files Bankruptcy, Says Emergence Depends on Shedding Cost of Federal Government Mandated Renewable Fuel Standard

January 23, 2018

PES said the cost of RINs in 2017 alone was $218 million, more than every cost besides crude oil Company invested in a new North Dakota rail terminal to benefit from discounted Bakken crude prices From Reuters NEW YORK (Reuters) – Philadelphia Energy Solutions, owner of the largest U.S. East Coast refinery, said on Monday its plan to get out

CB&I Wins $95 Million Saudi Aramco Shell Refinery Contract

December 7, 2017

CB&I (ticker: CBI) won a contract for more than $95 million from the Aramco-Shell JV – Saudi Aramco Shell Refinery (SASREF). The scope of work includes the engineering, procurement and construction management for SASREF’s modernization and expansion of its existing refinery in Al-Jubail city, Saudi Arabia. “The relationship between CB&I and SASREF extends back for more than a decade, and

Taking a Page from Refiners: Cash Returns

November 30, 2017

Refineries may show the way in an environment totally focused on returns E&P investors are shifting priorities, and are beginning to reject “growth for growth’s sake” in favor of shareholder returns. Cash returns are elusive in a capital-intensive industry, though, and the route to returns is unclear. According to analysts at Cowen, E&Ps would do well to look at another

More Gas = More Polyethylene: First of Two 650,000 Tons-Per-Year Polyethylene Lines Begins Production in Mont Belvieu

October 19, 2017

First polyethylene shipment from mega-plant is slated for export from Houston in October ExxonMobil (ticker: XOM) Chemical Company started production on the first of two new 650,000 tons-per-year high-performance polyethylene lines at its plastics plant in Mont Belvieu, Texas. The full project, part of the company’s multi-billion dollar expansion project in the Baytown area and ExxonMobil’s broader Growing the Gulf expansion

Exxon: Baytown, Beaumont Refineries Restart Fuel Production, Gulf Coast Petrochem Plants Resume Normal Operation

September 21, 2017

Offshore and on-shore upstream production operating normally: Exxon In a post-Harvey update, ExxonMobil (ticker: XOM) reported that its Baytown and Beaumont refineries have begun producing fuels at reduced rates, and that crude oil and refined product pipelines in the Gulf and other regions of Texas have restarted as recovery continues from Hurricane Harvey. Offshore production platforms in the Gulf of Mexico

Refineries Coming Back Online after Harvey

September 20, 2017

15 out of 20 refineries are back to normal levels after Harvey; Irma-caused power outages interrupted natgas demand The impacts of Hurricane Harvey are slowly fading, as companies work to bring operations back to normal. Hurricane Harvey plowed into the heart of the U.S. refining industry, forcing many large facilities offline. According to IHS, 20 refineries were significantly affected. Some

BP Begins Shipping NatGas to Industrial Customers, Independent Power Producers in Mexico

September 19, 2017

Delivering to 8 states – Nuevo Leon, Coahuila, San Luis Potosi, Veracruz, Mexico State, Guanajuato, Tamaulipas and Queretaro BP Energía México, BP’s natural gas marketing and trading arm in Mexico, has started to deliver approximately 200,000 mmbtu/d of natural gas to industrial users, local distribution companies and independent power producers in eight states in Mexico. BP said in a press

Hurricane Harvey Likely to Reduce U.S. Refinery Output: Baird

August 25, 2017

Hurricane Harvey, which is expected to make landfall around one o’clock in the morning on Saturday, August 26, may have an impact on the near-term energy outlook for the U.S. As of now, Harvey is classified as a Category-2 storm and is expected to be re-characterized to a Category-3 storm around the time it makes landfall. The last Category-3 hurricane

CorEnergy Has a Grasp on Stable Energy Infrastructure in GOM, Mid-Continent, NW

June 30, 2017

CorEnergy Infrastructure Trust, Inc. (ticker: CORR) holds the unique position of being the first publicly listed Real Estate Investment Trust that has a focus specifically in energy infrastructure. The company owns midstream and downstream assets, including pipelines, storage terminals, and distribution facilities. CorEnergy’s assets provide stable cash flows, on long-term assets, with little sensitivity to variations in commodity prices. The

Cushing Storage Operator Blueknight Energy Partners Presenting at EnerCom Conference

June 26, 2017

Blueknight Energy Partners (ticker: BKEP) portfolio encompasses crude oil transportation pipelines, gathering systems, crude transport trucks, asphalt cement and residual fuel oil storage. Its assets and infrastructure span the United States. Blueknight Owns 6.6 MMBO crude storage at Cushing, 9.6 MM barrels of asphalt storage In storage alone, Blueknight holds 6.6 million barrels of crude oil and petroleum storage capacity

Refinery Runs at All-Time Highs

June 21, 2017

Week of May 26 set new record U.S. refineries are breaking records processing crude oil this year but crude inventories are still high, according to a note released by the EIA Tuesday. According to the EIA, gross inputs to U.S. petroleum refineries, known as refinery runs, averaged 17.7 MMBOPD in the week ending May 26. This is an all-time high,

How Trucking will Meet the Looming 2024 Diesel Emissions Standards: Creatively - Oil & Gas 360

Europe Feels Pressure to End Use of Diesel Fuel

May 16, 2017

Poor air quality driving European cities against diesel At the December C40 meeting in Mexico, the mayors of Paris, Mexico City, Madrid and Athens announced that they will stop the use of all diesel-powered cars and trucks by the middle of the next decade. The leaders of those cities are worried about diesel’s impact on air quality. BBC reports that leaders

Premium Content