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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
Refineries are switching to biofuels or shutting down due to hostile regulationsbut demand for oil products is growing. A total of 101 out of 410 refineries around the world are at risk of getting shut down over the next decade, Wood Mackenzie analysts estimated recently, noting that this number represented 21% of global refining capacity.
The only refinery in Scotland has stopped processing crude oil after 100 years of operation, as planned by its owners who announced the decision in the autumn of 2024.
Ukrainian forces hit and damaged the Moscow Oil Refinery and a Druzhba oil pipeline facility in Oryol Oblast in a fierce overnight drone attack on Monday, the General Staff of Ukraine's Armed Forces has reported. According to the General
Nigerias Dangote Petroleum Refinery has suspended sales of petroleum in the country after it stopped receiving naira-denominated crude cargoes from the state-owned Nigerian National Petroleum Company (NNPC). In a statement on Wednesday, Dangote Petroleum Refinery said it has temporarily halted the sale of petroleum products in naira..to
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
Mexicos new refinery, Olmeca, exported in early April the first cargo of ultra-low sulfur diesel (ULSD) as the refinery is slowly starting up processing of fuels, a source with knowledge of Olmecas operations has told Reuters. Olmeca processed unfinished high-sulfur diesel received from the Madero refinery, the source told Reuters.
The conference has […] The post Tripling Nuclear Energy Capacity by 2050: Maximizing a High-Energy Future for Data Centres, Refineries, Manufacturing, and Beyond appeared first on POWER Magazine.
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.
Saudi Aramco, the worlds top oil firm and single biggest crude exporter, is in discussions to invest in two planned refineries in India, sources in India told Reuters on Thursday.
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.
billion refinery project, aiming to cut imports, boost energy security, and flex some refining muscle. We will build a refinery that, In shaa Allah, will have a capacity of approximately 500,000 barrels, Energy Minister Bahlil Lahadalia 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.
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 […].
Turkeys top oil refiner, Tupras, has resumed purchasing Russian Urals crude oil after a brief halt earlier this year prompted by U.S. sanctions on Moscow.
Crude oil inventories in China rose to the highest in almost three years in March, suggesting demand growth was lagging behind refinery processing rates, which hit a one-year high last month as Chinese oil processors took advantage of cheap Iranian and Russian crude. Run rates at Chinese refineries during the same month averaged
increase in production over the first two months of the year as holiday travel pulled demand for fuels higher, helped by the start of a new refinery a few months earlier, Reuters has reported, citing Chinas National Bureau of Statistics. Chinese refiners booked a 2.1%
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.
Shandong Yulong Petrochemical, the newest refiner in China, is set to begin trial runs at a 200,000-barrels per day crude processing unit later this month, traders familiar with the facilitys plans told Reuters on Monday, in what could be a boost to Chinese crude oil imports in the coming months.
Delivering a green future for the Grangemouth oil refinery will require around 3.5bn in private investment, a report has found. Hundreds of jobs are set to be lost this year when the oil refinery there closes and the report has identified nine feasible proposals which could attract private investment.
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.
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.
(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.
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.
per gallon if two major refineries are allowed to shut down as planned. These factors include high state taxes, a boutique fuel blend required only in California, and an increasingly constrained refinery landscape. When refineries close, there arent many viable alternatives. The problem isnt limited to fuel prices.
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.
Nigeria is still pumping just above its OPEC quota, but in March, the country reduced supply to its new Dangote refinery. Nigeria, Iran, and Venezuela each saw a drop in March output of 50,000 bpd. With respect to Iran, Februarys output was a record high not seen in six years,
billion pre-tax impairment related to its California refineries and notified state regulators of its intent to idle, restructure, or cease operations at its Benicia refinery by the end of April 2026. Valero said it has recorded a $1.1
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.
Following the OPEC+ decision to continue boosting production, the Saudi supply to the worlds largest crude oil importer is set to remain at a year-high for the month of June, according to Reuters data of the allocations to Chinese refineries. Sinochem and private refiners, including
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.
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.
The post NewEnergyBlue Acquires Biofuel Tech, Plans Nebraska Refinery appeared first on NGT News. The technology license was purchased from Ørsted, a Danish green energy company. Ørsted developed the technology over 15 years at a cost exceeding $200 million, […].
Lyondell Basell Industries permanently shut its 263,776 barrel-per-day (bpd) Houston refinery in February, said Peter Vanacker, the company’s chief executive during a Friday conference call. 7 the company completed the shutdown of the refinery. Reuters reported on Feb.
Spring maintenance at some large state-controlled refineries in the worlds top crude oil importer is the key reason for the low volumes that Saudi Arabia has allocated for April. These amount to about 34 million barrels, down from 41 million barrels allocated for March, according to Reuters data.
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. A ton of diesel will cost $64 less. Oil prices have taken a dive amid
Higher exports and increased demand from the huge new African refinery, Dangote, pushed Nigerias oil production in February 70,000 barrels per day (bpd) above its OPEC+ quota of 1.5 million bpd, a Reuters survey showed. Last month, Nigerian production exceeded its quota in the OPEC+ agreement by the most among all participants.
Flares from oil refineries light up the night sky, a constant reminder of the industry that has dominated Azerbaijan for over a century. On the outskirts of Baku, the smell of sulfur hangs thick in the air. The country has vast, untapped potential for renewables, particularly wind and solar, which could redefine its energy future.
RWE signed an agreement to supply an annual volume of 30,000 metric tons of renewable hydrogen for 15 years to help decarbonize TotalEnergies's Leuna refinery in the German state of Saxony-Anhalt.
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