Refineries

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Texas Startup Hopes 4th Time’s a Charm to Build First Big U.S. Oil Refinery Since 1977

Conventional Energy, Latest, Oil, Refineries, US News / By

Element Fuels Holdings, a Dallas-area startup proposing to build the first all-new U.S. oil refinery in nearly 50 years, on Thursday said it was relaunching efforts to build a large plant in South Texas. The Brownsville, Texas, project has been proposed by entrepreneur John Calce at least twice before by his ARX Energy, and JupiterMLP …

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Environmental Groups to Sue Canada’s Suncor Over Colorado Refinery Emissions

Emission Reduction, Energy Topics & Technology, Latest, Refineries, US News / By

The organizations, represented by environmental law non-profit Earthjustice, said they will bring a civil suit against Calgary-based Suncor over more than 1,000 emission violations that Earthjustice said Suncor reported to the state of Colorado between January 2019 and December 2023. Under the Clean Air Act, members of the public must give 60 days’ notice to …

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U.S. Oil Refiners’ Weekly Capacity Seen up 44,000 Bpd, IIR Says

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

U.S. oil refiners are expected to have about 60,000 barrels per day (bpd) of capacity offline in the week ending June 7, increasing available refining capacity by 44,000 bpd, research company IIR Energy said on Wednesday. Offline capacity is expected to rise to 66,000 bpd in the week ending June 14, IIR added. The following …

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US Refiners Boosting Fuel Output Past 90% of Capacity for Summer Driving Season

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

U.S. crude oil refiners aim to operate above 90% of their combined processing capacity for the remainder of the quarter after completing planned overhauls, said analysts contacted by Reuters. Strong spring production levels have retail gasoline prices on par with a year ago, according to motorist group AAA. The nationwide average price for a gallon …

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U.S. Refiners Reward Shareholders With Big Returns Despite Softer Q1 Profits

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

NEW YORK, May 20 (Reuters) – Major U.S. fuel makers returned billions in capital to shareholders in the first quarter and boosted share repurchase programs, even as refining margins softened from recent records and utilization rates fell. Three of the biggest U.S. independent oil refiners – Marathon Petroleum (MPC.N), Phillips 66 and Valero Energy  – earned combined adjusted profits …

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Refiner Valero Beats Profit Estimates on Resilient Demand, Tight supplies

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

(Reuters) – Refiner Valero Energy beat first-quarter profit estimates on Thursday, benefiting from sustained demand as crude supplies remained tight due to disruptions in Russia and maintenance work at U.S. refineries. Crude supplies came under pressure as Ukrainian drone attacks had shut about 14% of Russia’s refining capacity, as of the end of the March quarter. …

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U.S. Refiners’ Profits to Fall From Last Year But Margins Remain Strong

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

Summary Analysts see upside for top refiners Geopolitical risks keep oil prices elevated War-related supply disruptions to keep margins strong NEW YORK, April 24 (Reuters) – U.S refiners’ first quarter profits are expected to fall from recent records, when earnings soared following Russia’s invasion of Ukraine in 2022, but overall will continue to draw support …

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Freeport LNG Gas Consumption Running Near Zero for Fifth Day

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

Freeport LNG’s liquefaction plant remains mostly offline for a fifth straight day, with gas utilization rates at 125 million cubic feet per day (mmcf/d), or 5% of its fully operational use, data from financial firm LSEG showed on Monday. Freeport LNG has been the second-largest U.S. LNG exporter, with an installed capacity of 15 million …

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Cenovus Energy to Invest $1.5 Billion in Ohio Refineries

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

(Reuters) – Cenovus Energy  has announced a $1.5 billion investment in its Ohio refineries, including Lima and Oregon, according to a local media report on Wednesday. Ohio provides a “vital strategic location” that aids Cenovus’s decision to expand, said Doreen Cole, the company’s executive vice president, downstream, in a press release, quoted by the local media. Cenovus …

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U.S. Oil Refiners’ Weekly Capacity Seen up 231,000 Bpd, IIR Says

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

U.S. oil refiners are expected to have about 1 million barrels per day (bpd) of capacity offline for the week ending April 12, increasing available refining capacity by 231,000 bpd, research company IIR Energy said on Wednesday. Offline capacity is expected to fall to 994,000 bpd in the week ending April 19, IIR added. The …

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