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Next week, the worlds most influential energy conference, CERAWeek, will see more than 10,000 delegates assemble to hear from the industrys leaders about the future of energy.
Valero Energy plans to idle, restructure, or cease refining operations at its Benicia Refinery in California by the end of April 2026, as one of the biggest U.S. The impairment was recorded for the Benicia and Wilmington refineries and is expected to be treated as a special item and excluded from the
A Global Clean Energy Holdings Inc. and the owner of the Alon Bakersfield Refinery. Alon Bakersfield Refinery is an existing oil refinery located in Bakersfield, […]. Alon Bakersfield Refinery is an existing oil refinery located in Bakersfield, […]. a subsidiary of Delek U.S. Holdings Inc.
Israel launched a series of airstrikes on Tehran’s critical energy infrastructure early Sunday, setting ablaze the city’s main gas depot and a major oil refinery, as the conflict with Iran intensified into its most destructive phase yet.
Last month, Saudi Arabia and India agreed to boost energy cooperation, including by potential Saudi investment in two refineries in the worlds third-largest crude oil importer. At the end of April, Saudi Arabia and India agreed to enhance cooperation in the energy sector, including
Poland’s refiner Orlen is ending ties with Russian oil as a long-term contract with Rosneft expires on June 30, in a move to boost energy security in the entire central European region, the Polish company said on Monday. This contract covered deliveries to Orlen’s refinery in Litvinov in the Czech Republic.
billion refinery project, aiming to cut imports, boost energy security, and flex some refining muscle. Indonesia is going all-in on oil with a massive $12.5
Indonesia is doubling to 1 million barrels per day (bpd) the planned capacity of the new refineries it will build in an effort to boost its energy security and downstream industry.
Prime Minister Mohammed Shia Al-Sudani has laid the foundation stone for the expansion of the Najaf [Al-Ashraf] refinery, a strategic project that will increase refining capacity by 70,000 barrels per day. According to the Ministry of Oil, the expansion will raise the refinery's total production to 100,000 barrels per day. By John Lee.
Phillips 66, a diversified energy manufacturing and logistics company, says it plans to reconfigure its San Francisco refinery in Rodeo, Calif., The post Phillips 66 Plans to Reconfigure Refinery to Produce Renewable Fuels appeared first on NGT News. to produce renewable fuels. The Phillips 66 Rodeo Renewed project […].
refinery crude oil processing capacity grew by nearly 40,000 barrels per day in 2024 to 18.4 Energy Information Administration said on Friday. million bpd, the U.S.
The ongoing conflict between Israel and Iran continues to send shockwaves through global energy markets. Recent strikes on Iranian energy infrastructure by Israel have heightened concerns about supply disruptions and price volatility. The latest Middle East conflict is injecting new uncertainty into global energy markets.
Image by Kreativorks via iStock Aliko Dangote, Africa’s richest person, plans a stock listing for his Nigerian crude oil refinery by the end of next year to widen the company’s investor base. The oil facility can processes 650,000 barrels of crude a day, making it the continent’s biggest refinery.
Nigeria’s Economic and Financial Crimes Commission has arrested two ex-oil officials, including the former chief financial officer of Nigeria’s state energy firm NNPC, over an alleged $7.2-billion billion fraud, corruption, and abuse of office.
(Investing) – VIENNA -The world oil market may be tighter than it appears despite a supply and demand balance pointing to a surplus, the International Energy Agency said on Friday, as refineries ramp up processing to meet summer travel demand. Given rising seasonal demand, refinery crude processing rates will increase by 3.7
BPs refinery in Rotterdam had both its crude units offline on Tuesday morning, Reuters reports, citing energy consultancy Wood Mackenzie. As a result of the shutdowns, the 400,000-bpd oil refinery in Rotterdam now has both crude units offline.
refining giant Phillips 66, which will close its LA refinery later this year, will lay off in December most of the workers at the plant, Reuters reports , citing sources with knowledge of the plans. Last October, Phillips 66 said it would shut down its refinery in the Los Angeles area in the fourth quarter of 2025, due to market dynamics.
India is advancing efforts to boost renewable energy use even as the worlds third-largest crude oil importer is leading global oil demand growth. Indian Oil Corporation, the countrys top refiner, plans to replace fossil fuel-made hydrogen with green hydrogen made from electrolysis at one of its refineries.
Image by Nantiya Rattanatum via iStock The UK’s Lindsey oil refinery has restarted deliveries of fuel, according to the Department for Energy Security & Net Zero. “Deliveries from the Prax Lindsey Oil Refinery have resumed,” the department said by email late Tuesday. 700K Industry Pros can’t be wrong.
Flares from oil refineries light up the night sky, a constant reminder of the industry that has dominated Azerbaijan for over a century. The country has vast, untapped potential for renewables, particularly wind and solar, which could redefine its energy future. Azerbaijan has the potential to be a renewable energy powerhouse.
billion was recorded for the Benicia and Wilmington refineries, and is expected to be treated as a special item and excluded from first quarter 2025 adjusted earnings. Valero owns 15 petroleum refineries located in the U.S., Valero continues to evaluate strategic alternatives for its remaining operations in California.
(Investing) –HOUSTON – The price spread between WTI Midland crude in West Texas and Houston has narrowed this year as cold weather hurt Permian production, driving up prices, but weaker refinery and export demand on the U.S. refinery utilization stood at 85.6% Gulf Coast pressured that market lower. premium to U.S.
Image by TheCrimsonRibbon via iStock California’s energy market regulator is backing off a plan to place a profit cap on oil refiners in the state. Image by TheCrimsonRibbon via iStock California’s energy market regulator is backing off a plan to place a profit cap on oil refiners in the state. to shut their refineries.
A Hungarian company that operates refineries and petrochemical plants, and runs service stations across Central and Eastern Europe, said it is set to begin commercial operation of a 10-MW green […] The post Hungarian Group Inaugurates Green Hydrogen Production Project appeared first on POWER Magazine.
Braya Renewable Fuels has achieved commercial operations, successfully completing its Canadian refinery conversion project in Come By Chance, Newfoundland and Labrador, and beginning to provide reliable renewable fuel for energy transition.
The Pine Bend refinery in Minnesota added a 45-MW solar power array to support the facility’s supply of electricity, reaping the benefits of reduced costs, lower emissions, and more. Owners of commercial and The post A Refined Approach to Onsite Power Generation appeared first on POWER Magazine.
Jones (R-San Diego) sent a letter to Governor Gavin Newsom sounding the alarm over what could become an energy and economic crisis in the state. per gallon if two major refineries are allowed to shut down as planned. When refineries close, there arent many viable alternatives. The problem isnt limited to fuel prices.
July 3, 2025 Note 1: There will be no Daily Energy Report tomorrow as the markets will be closed in observance of the US 4 th of July holiday. The Daily Energy Report will be shorter, but we will include updates from the Seminar. Nigerian imports rose but may drop as Dangote refinery ramps up.
ExxonMobil has signed an agreement with Global Clean Energy Holdings, a developer of sustainable, non-food energy crops for use in biofuels, to purchase 2.5 million barrels of renewable diesel per year for five years from a converted California refinery starting in 2022.
The worlds largest crude oil exporter, Saudi Arabia, and the third biggest importer, India, agreed on Wednesday to enhance cooperation in the energy sector, including in crude oil and petroleum products supply and the construction of two refineries. In energy, India agreed to
BURNABY, BC, May 9, 2025 /CNW/ – Unifor is raising serious concerns about the sale of one of British Columbia’s last remaining oil refineries to American energy giant Sunoco. The refinery is part of a larger list of assets across Canada being sold from Parkland to Sunoco.
Bad Lauchstädt Refinery | Wind and Hydrogen Milestone (Uniper and VNG AG) signed the contract for supplying Green Hydrogen to TotalEnergies' refinery near to the 30MW electrolyser project in Bad Lauchstädt, with first hydrogen deliveries in 2025.
Orion Energy Partners L.P., BKRF is a special purpose vehicle wholly owned by Global Clean Energy Holdings Inc. GCE), which was created to purchase an existing refinery in Bakersfield, Calif. BKRF will retool a portion of the refinery into […].
Sunoco would gain control of Parkland’s fleet of fueling stations and its valuable Burnaby refinery near Vancouver, BC. fuel supplier Sunoco announced in May that it has inked a US$9.1-billion billion agreement to buy Canada-based Parkland Corp., a move that would create the Americas’ largest independent fuel distributor.
The technology license was purchased from Ørsted, a Danish green energy company. The post NewEnergyBlue Acquires Biofuel Tech, Plans Nebraska Refinery appeared first on NGT News. The company first plans to use it to turn North Dakota wheat straw into a carbon-neutral automotive fuel.
( Oil & Gas 360) – The Petrochemical and Refining Congress: Europe 2025 unites industry leaders in Milan on 19-20 May to address technological advancements: circular economy principles, low-carbon hydrogen ecosystem, energy transition and innovations in sustainable fuels. Wood and Saras S.p.A.,
( Oil & Gas 360) – The Petrochemical and Refining Congress: Europe 2025 unites industry leaders in Milan on 19-20 May to address technological advancements: circular economy principles, low-carbon hydrogen ecosystem, energy transition and innovations in sustainable fuels. Wood and Saras S.p.A.,
Among the 19 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, Support Activities for Oil and Gas Operations led in the ranking for unique job listings in May with 1,972 postings, followed by Gasoline Stations with Convenience Stores (1,447) and Petroleum Refineries (824).
Ammonia and Hydrogen Refineries, big oil and gas and the chemical sectors Recent announcement regarding ammonia docking facilities and cracking plants prompted me to update the community with a series of global projects involving ammonia, and especially its keys interaction with refining and refineries. This perhaps is.
Iran’s direct strike on the 197,000 b/d Bazan refinery at Haifa could test Israel’s road fuel availability resilience. Despite the shuttering of two of its three gas fields, Israel has managed to stave off blackouts as it leans on diesel and coal stockpiles alongside renewables.
The Polish energy company said all of its refineries have been supplied with non-Russian oil since March, with the final contract for Russian oil delivery from Rosneft ending June 30. Our refineries process feedstock from the Middle East and Persian Gulf, the North Sea, Africa, and both Americas.
A new offshore oil auction in the Amazon, a major investment in refinery expansion, and an attempt to extract $6.2 billion from the energy industry—this may not sound very appropriate for a government that has made some big net-zero promises. Yet it is exactly what the Lula da Silva government in Brazil is doing.
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