Refineries

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Amber Energy Says it Will Invest $11 Billion in Citgo if Sale is Finalized

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

By Erwin Seba HOUSTON, April 24 (Reuters) – Amber Energy CEO Greg Goff promised $11 billion in investments in Citgo ​Petroleum if the U.S. Treasury Department’s Office ‌of Foreign Assets Control releases the refiner owned by Venezuela to Amber as a Delaware judge approved in ​November. Goff’s appeal for release of control to ​Amber came …

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BP Lockout at Indiana Refinery Stretches Into Second Month as Union Talks Stall

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(Reuters) – A lockout at BP’s 440,000-barrel-per-day refinery in Whiting, Indiana, enters its second month as the British oil major and hundreds of union workers remain at odds. BP locked out about 800 workers represented by the United Steelworkers union on March 19, after months of negotiations failed to produce a new labor contract. The …

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Iran War Raises Demand for US Fuel, Boosting Gulf Coast Refining Margins

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

(Reuters) – U.S. Gulf Coast refiners are reaping the strongest margins in years as disruptions to Middle Eastern oil flows from the Iran war raise demand for U.S. fuel exports, analysts and experts said. Asian and European refiners have been hit hard by a slump in Middle Eastern crude exports due to Iran’s blockade of …

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Exxon Plans Spring and Year-End Overhauls at Beaumont, Texas Refinery, Sources Say

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HOUSTON, April 8 (Reuters) – Exxon Mobil Corp (XOM.N) plans overhauls in the spring and at the end ​of this year at its 612,000 barrel-per-day ‌Beaumont, Texas refinery, said people familiar with plant operations. In May, Exxon plans to shut the 60,000-bpd ​coker for a planned overhaul that ​will continue into June, the sources said. …

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Russia’s Major NORSI Oil Refinery Halted Operations After Sunday Drone Attack, Sources Say

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MOSCOW, April 7 (Reuters) – NORSI, Russia’s fourth-largest oil refinery, suspended operations on April 5 following a Ukrainian ​drone attack, two industry sources said ‌on Tuesday. The temporary closure of the refinery will add further uncertainty to Russia’s energy sector, which has been ​hit by continuous Ukrainian attacks, including ​those hitting its major oil exporting …

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Asian Refiners Switch From Dubai to Brent to Price US Crude, Sources Say

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By Florence Tan and Yuka Obayashi SINGAPORE, March 27 (Reuters) – Asian refiners are beginning to switch to pricing U.S. crude oil purchases against global benchmark ​ICE Brent instead of Dubai after the Middle East ‌marker spiked to record levels this month, three refining and trade sources said on Friday. The move could reduce liquidity …

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Valero Shuts Texas Refinery After Explosion Rocks Diesel Unit, Sources Say

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Valero shuts Texas refinery after explosion rocks diesel unit, sources say Reuters Valero Energy Corp has shut its 380,000-barrel-per-day (bpd) oil refinery in Port Arthur, Texas, following an explosion and fire at a diesel hydrotreater unit, people familiar with the plant operations said on Monday. The explosion at the 47,000-bpd 243-diesel hydrotreater unit rocked the …

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Locked Out BP Workers Picket Outside Indiana Refinery Amid Labor Contract Dispute

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  Workers at BP’s Whiting, Indiana, refinery began picketing on Thursday after the British oil major barred more than 800 union members from entering the facility, following months of stalled contract negotiations. The labor dispute at Whiting, the Midwest’s largest refinery, comes at a time of elevated gasoline and diesel prices as the Middle East …

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BP Locks Out Union Workers at its Midwest Refinery

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BP locks out union workers at its Midwest refinery BP on Tuesday said it will lock out approximately 800 United Steelworkers members from its 440,000 barrel-per-day Whiting, Indiana, refinery starting at 12:00 a.m. on March 19, citing a breakdown in negotiations over a new labor agreement. The British oil major ended its 24-hour rolling contract …

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BP Says Whiting Refinery Union Workers Reject its Latest Employment Contract

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BP said late on Thursday that its represented workforce at its Whiting refinery in Indiana has voted not to ratify the company’s last, best, and final offer. “BP will continue to bargain in the best interests of our employees, our company, and the community,” the company said in a statement. BP last week had presented …

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