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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.
Motiva Enterprises has finally restarted a gasoline-producing unit at its huge Port Arthur refinery in Texas, following several attempts at a restart in recent weeks after an overhaul. The refinerys FCC, which typically converts gas oil into unfinished gasoline, has a capacity of 81,000
and the owner of the Alon Bakersfield Refinery. Alon Bakersfield Refinery is an existing oil refinery located in Bakersfield, […]. The post Global Clean Energy Holdings Purchases Bakersfield Refinery appeared first on NGT News. Holdings Inc. The total cash consideration paid to Delek U.S.
This represented an increase of 600 jobs in the services sector and 1,600 jobs in oil and gas extraction. TIPRO’s new workforce data indicated strong job postings for the Texas oil and natural gas industry, although May data showed a decline in overall unique postings compared to the previous month.
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.
Iraq's Ministry of Oil has started work to expand the Diwaniya Refinery by adding a new 70,000-barrel-per-day (bpd) processing unit, bringing the refinery's total capacity to 90,000 bpd. Planned outputs include Euro 5-grade gasoline, naphtha, kerosene, gasoil, fuel oil, and liquefied petroleum gas (LPG). Minister of Oil, Eng.
Citing an analysis by University of Southern California professor Michael Mische, the letter warns that gas prices could spike 75% by 2026 reaching as high as $8.43 per gallon if two major refineries are allowed to shut down as planned. He estimates that gas prices could reach $6.43 Professor Misches projections are stark.
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.
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 […].
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. OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX!
(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
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.
Gunda said the commission wants to increase gasoline supply in California after two refineries announced plans to close in the next year, accounting for about one-fifth of the state’s crude-processing capacity. to shut their refineries. to shut their refineries. “We get it,” he said. ” WHAT DO YOU THINK?
(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. crude exports in 2024.
A damaged unit of the South Pars refinery’s Phase 14, which was hit by Israel in its first strike on Iran’s oil and gas sector, has returned to operation, the Iranian state-run agency Nour News reported on Thursday.
The Treasury Department sanctioned a Chinese oil refinery for purchasing $1 billion in Iranian crude oil as part of a broader US crackdown on companies and vessels skirting US sanctions.
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.
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.
Valero has warned the government of California that it will take at least one of its two refineries within the state offline during first-half 2026, fulfilling earlier warnings by industry advocates that recently enacted state legislation governing refiners would lead to unintended consequences.
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., Canada, the United Kingdom (U.K.), Ireland and Latin America. Canada and the U.K. million barrels per day.
Image by Cylonphoto via iStock The European Commission has proposed legislation to stop the importation of natural gas, oil and oil products from Russia into the European Union by 2027, betting on global liquefied natural gas (LNG) and increased regional infrastructure interconnectivity. billion cubic meters (473.22
The first South Pars GasRefinery achieved strong operational performance during the Iranian year 1403 (March 2024 March 2025), producing over 10 billion cubic meters (bcm) of sweetened gas, according to a report by SHANA. In addition to sweetened gas, the refinery also produced over 7.26
Logistics management in the oil and gas industry plays a critical role in ensuring safe, timely, and cost-effective movement of materials, equipment, and personnel across upstream, midstream, and downstream operations. Crude & Gas Transport : Railcars, barges, tanker trucks, and pipeline scheduling.
Feedstock type and availability, current plant configuration, regulation, and finance are just some factors to consider when planning a refinery conversion.
The state-owned oil and gas majors CNPC, Sinopec, and CNOOC have been directed to ensure an adequate supply of the most used fuels, the report noted, along with smaller refineries. Starting today, a ton of gasoline will cost some $66 less, the National Development and Reform Commission said, as quoted by Xinhua.
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. Since April 2023, all of the crude processed by ORLEN’s Polish and Lithuanian refineries has been sourced from non-Russian sources, the company stated.
crude oil refinery inputs averaged 17 million barrels per day during the week ending June 20, 2025, which was 125 thousand barrels per day more than the previous week’s average. Refineries operated at 94.7% of their operable capacity last week. million barrels, U.S. Gasoline production remained flat last week, averaging 10.1
Saudi oil giant Aramco is looking to sell up to five gas-fired power plants, three sources with knowledge of the matter told Reuters, part of a broader effort to free up funds that could generate tens of billions of dollars. The potential sale of four or five gas-fired plants that power refineries could alone raise [Read more]
crude oil refinery inputs averaged 17 million barrels per day during the week ending July 4, 2025, which was 98 thousand barrels per day less than the previous week’s average. Refineries operated at 94.7% of their operable capacity last week. At 426 million barrels, U.S. Gasoline production increased last week, averaging 9.9
Germanys biggest utility RWE will supply green hydrogen to Frances oil and gas supermajor TotalEnergies in a 15-year deal from 2030, in one of the largest such agreements globally. The green hydrogen from RWE will be used in TotalEnergies Leuna refinery in Germany to reduce the plants carbon emissions.
Image by klyaksun via iStock Russia said its overnight missile and drone barrage struck the large Kremenchuk oil refinery in central Ukraine, which was previously targeted by Kremlin forces in 2022. Russia previously targeted the Kremenchuk refinery and surrounding areas with a series of missile attacks in April, May and June of 2022.
( 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.,
crude oil refinery inputs averaged 17.2 Refineries operated at 94.3% of their operable capacity last week. million barrels, U.S. crude oil inventories are 8% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of June 6, 2025.
GCE), which was created to purchase an existing refinery in Bakersfield, Calif. BKRF will retool a portion of the refinery into […]. Orion Energy Partners L.P., GCM Grosvenor and Voya Investment Management have entered a capital partnership with Bakersfield Renewable Fuels (BKRF).
Weekly Middle East Oil & Gas News and Analysis covering Oil & Gas, Transportation, Power & Water, Refining & Petrochemicals, OPEC, Corporate, Geopolitical Risk, Economics & Finance, and Industry Data.
The EI highlighted in its report that its oil consumption figures include inland demand plus international aviation and marine bunkers and refinery fuel and loss. Consumption of biogasoline, such as ethanol, and biodiesel are excluded in the figures, while derivatives of coal and natural gas are included, the report pointed out.
The targeted nature of these strikes suggests a deliberate attempt to avoid major disruptions to international markets: the affected refinery and gas field serve Iran’s domestic consumption needs. EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries.
Al-Sudani has announced that Iraq's refining capacity will soon reach 1,542,000 barrels per day (bpd) following the expansion of key refineries. During a visit to Maysan province, the Prime Minister inaugurated the Maysan [Missan] Refinery Development Project , which will increase its capacity from 40,000 to 110,000 bpd.
Iraq's South Refineries Company (SRC) is nearing the completion of its Fluid Catalytic Cracking (FCC) project, with 98% of the work done. Source: Ministry of Oil) The post South Refineries Company Nears Completion of FCC Project first appeared on Iraq Business News. By John Lee.
Under the agreement, RWE will supply 30,000 tpy of green hydrogen produced from its electrolyzer in Lingen, Germany, to TotalEnergies Leuna refinery for a 15-year period.
(Oil Price) –Germanys biggest utility RWE will supply green hydrogen to Frances oil and gas supermajor TotalEnergies in a 15-year deal from 2030, in one of the largest such agreements globally. The green hydrogen from RWE will be used in TotalEnergies Leuna refinery in Germany to reduce the plants carbon emissions.
an enviro-tech company focused on the production of sustainable renewable natural gas (RNG), which will generate greenhouse gas credits associated with vehicular usage, and provide Chesapeake Utilities the opportunity to bring additional RNG to its Delmarva operations. Chesapeake Utilities Corp.
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. Iran’s direct strike on the 197,000 b/d Bazan refinery at Haifa could test Israel’s road fuel availability resilience.
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