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U.S. oil refiners are expected to have about 775,000 barrels per day (bpd) of capacity offline for the week ending March 22, increasing available refining capacity by 329,000 bpd, research company IIR Energy said on Monday. Offline capacity is expected to edge down to 744,000 bpd in the week ending March 29, IIR added. The …
U.S. Oil Refiners’ Weekly Capacity Seen up 329,000 Bpd – IIR Read More »
HOUSTON/MIAMI, March 14 (Reuters) – The highest bid received in a U.S. auction of shares that will decide the fate of Venezuela-owned oil refiner Citgo Petroleum was $7.3 billion, enough to cover only a third of court-approved claims, two people familiar with the matter said. A federal court in Delaware is auctioning the shares of a parent …
Weak bids in Citgo Auction Spurs Venezuela to Pitch Alternative Pay Plan Read More »
BP Plc plans to return its 435,000 barrel-per-day Whiting, Indiana refinery, the largest in the U.S. Midwest, to full production in March, said people familiar with plant operations on Wednesday. BP plans to begin restarting the refinery in the last week of February and bring refinery production to full in March, the sources said. A …
BP Plans Return of Whiting, Indiana Refinery in March, Sources Say Read More »
WASHINGTON/NEW YORK, Feb 16 (Reuters) – The U.S. oil industry saw nearly $200 billion in upstream deals last year, but the refining sector missed out despite plenty of willing sellers as the energy transition away from fossil fuels accelerates and casts doubt over the long-term value of aging U.S. refineries The growing number of operators looking to …
U.S. Refinery M&A Stalls as Buyers Shun Aging Assets, Uncertain Future Read More »
Portfolio investors abandoned hope for an early rally in crude prices after a site-wide electricity failure caused an unexpected shutdown in production at BP’s refinery at Whiting in Indiana on Feb. 1. The refinery is the largest in the U.S. Midwest and processes more than 400,000 barrels per day, so the extended closure for safety …
Investors Dump Oil After U.S. Refinery Shutdown: John Kemp Read More »
BP Plc is acting to restore its 435,000 barrel-per-day (bpd) Whiting, Indiana, refinery to normal operations following a full shutdown because of a Feb. 1 plant-wide power outage, a company spokesperson said on Thursday. “BP is making progress on the work to restore the refinery to normal operations,” company spokesperson Christina Audisho said in an …
BP Sees Progress on Restoring Indiana Refinery Operations Read More »
BP Plc plans to keep the 435,000 barrel-per-day (bpd) Whiting, Indiana refinery shut for up to three weeks for inspections of units and piping following a Feb. 1 plant-wide power outage, said people familiar with operations on Wednesday. The inspections could be completed in as short a time as two weeks, the sources said. (Reporting …
BP Whiting, Indiana Refinery to be Shut up to Three Weeks Read More »
BP Plc was continuing assessments on Monday of production units at its 435,000 barrel-per-day (bpd) Whiting, Indiana, refinery following a plant-wide power outage on Thursday, said people familiar with the matter. BP was developing plans and schedules for restarting the refinery, the largest in the U.S. Midwest, once the evaluation of the refinery’s condition is …
BP Continues Assessment of Whiting, Indiana, Refinery After Power Loss Read More »
U.S. oil refiners are expected to have about 1.9 million barrels per day (bpd) of capacity offline for the week ending Feb. 9, increasing available refining capacity by 110,000 bpd, research company IIR Energy said on Monday. Offline capacity is expected to fall to 1.1 million bpd in the week ending Feb. 16, IIR added. …
U.S. Oil Refiners’ Weekly capacity Seen Up 110,000 Bpd – IIR Read More »
BP said on Friday that power had been restored to its 435,000 barrel-per-day Whiting, Indiana, refinery following a power outage that disrupted operations. On Thursday, a transformer failure caused a plant-wide power outage and forced an evacuation of all but the most essential workers, said people familiar with the plant’s operations. Operations have been stabilized …
BP Says Power Restored, Operations Stabilized at Whiting, Indiana Refinery Read More »
