Refineries

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Cenovus Selling Stake in WRB Refining to Joint Venture Partner Phillips 66 for $1.9B

Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries, US News / By

Cenovus Energy Inc. has signed a deal to sell its 50 per cent stake in WRB Refining LP to its joint venture partner Phillips 66 for about $1.9 billion. The WRB joint venture includes the Wood River Refinery in Illinois and the Borger Refinery in Texas. The operations have combined crude throughput capacity of 495,000 …

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Ukrainian Strikes on Russian Oil Facilities Could be a Boon for US Refiners

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Ron Bousso (Reuters) – The recent wave of Ukrainian drone attacks on Russian oil refineries and export facilities could boost global refining profit margins – particularly those in the U.S. – just as the peak summer demand season fades. Ukrainian attacks have shut down facilities accounting for at least 17% of Russia’s oil processing capacity, …

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California Sets Aside Penalties for High Refinery Profits

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California’s Energy Commission voted on Friday to temporarily set aside penalties for excessive refining profits that were adopted after gasoline pump prices climbed over $8 a gallon in 2022. The five-year delay in implementing the penalties comes as Phillips 66’s Los Angeles refinery is preparing to begin shutting production as early as next week ahead …

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BP Refinery in Whiting, Indiana, Back to Normal Operations

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(Reuters) – BP’s 440,000-barrel-per-day refinery in Whiting, Indiana, is back to operating at normal rates after taking multiple units offline due to a severe thunderstorm last week, industry monitor IIR said on Wednesday. Operations at the Whiting refinery were affected due to flooding after a thunderstorm swept through the region. BP did not immediately respond …

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BP’s Refinery in Whiting, Indiana, Expected to be Fully Operational in Next 24-48 Hours, IIR Says

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BP’s 440,000-bpd refinery in Whiting, Indiana, is expected to be fully operational in the next 24 to 48 hours, industry monitor IIR said on Monday. The refinery experienced operational upsets last week due to flooding caused by a severe thunderstorm that swept through the state. BP declined to comment on the refinery’s restart timeline. The …

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Russian Oil Refineries, Terminals Burn as Ukraine Hits Putin’s War Economy

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries / By

(Reuters) – Ukraine has stepped up drone attacks on Russian oil refineries and exporting infrastructure, striking the most important sector of President Vladimir Putin’s economy to show it can fight back as the United States seeks to broker a peace deal. The attacks disrupted Moscow’s oil processing and exports, created gasoline shortages in some parts …

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US to Rule on Biofuel Waivers, But Big Oil Refiners May Need to Wait, Sources Say

Biofuels, Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries, US News / By

By Jarrett Renshaw EPA expected to rule soon on a number of the 190 pending refiner exemption requests. EPA expected to delay decision on whether larger refiners should make up for exempted gallons. The decisions will have significant impacts on oil and farm industries. Aug 21 (Reuters) – President Donald Trump’s administration is expected to …

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Pemex Readying Texas Refinery for ‘Big Block’ Overhaul, Sources Say

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(Reuters) – Pemex, Mexico’s national oil company, is preparing for the “Big Block” overhaul at its 312,500 barrel-per-day (bpd) Deer Park, Texas refinery to begin in early October, said people familiar with plant operations on Friday. The refinery’s 270,000 DU-2 crude distillation unit (CDU), the larger of two at the refinery, will be shut for …

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Phillips 66 Reduces Gasoline Output at Bayway Refinery After Fire, Sources Say

Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Oil, Refineries, US News / By

NEW YORK, Aug 14 (Reuters) – Phillips 66 (PSX.N) has reduced gasoline output at its 258,000 barrels-per-day Bayway refinery in Linden, New Jersey, after a fire near the plant’s gasoline producing unit, two people familiar with the matter said on Thursday. An ancillary piece of equipment of the refinery’s fluid catalytic cracking unit caught fire …

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US Refiners Expected to Run Over 90% in Q3

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U.S. refiners are expected to continue operating above 90% of their combined production capacity of 18.2 million barrels per day (bpd) in the third quarter, said analysts contacted by Reuters. High refining margins are driving the continuing high levels of production from the second quarter into the third, but tropical storms could drive down production …

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