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Oil Refineries News

15 Apr 2024

Russia's Seaborne Oil Product Exports Fell in March

© AU USAnakul+ / Adobe Stock

Russia's seaborne oil product exports fell 4.2% in March from the previous month to 10.178 million metric tons due to unplanned maintenance at refineries and a uel export ban, data from industry sources and Reuters calculations showed.Russia's daily offline primary oil refining capacity has jumped by around a third in March to 4.079 million metric tons from February due to drone attacks, Reuters calculations based on data from industry sources showed.Last month, a fire broke out after a Ukrainian drone attack at the Norsi refinery…

02 Apr 2024

Brent Oil Hits Highest Price This Year on Fresh Supply Threats

© Sodel Vladyslav / Adobe Stock

Global oil benchmark Brent on Tuesday rose above $89 a barrel for the first time since October, albeit briefly, as oil supplies faced fresh threats from Ukrainian attacks on Russian energy facilities and escalating conflict in the Middle East.Brent futures for June delivery were up $1.35, or 1.5%, at $88.76 a barrel by 11:40 a.m. EDT (1540 GMT) after touching a peak of $89.08.U.S. West Texas Intermediate (WTI) crude futures for May rose $1.27, or about 1.5%, to $84.98 after touching a peak of $85.46…

05 Oct 2023

How Serious is Russia's Fuel Export Ban and Who Will be Hit?

Credit: borissos/AdobeStock

Russia said on Sept. 21 that it had temporarily banned gasoline and diesel exports to all but four ex-Soviet states in response to domestic shortages, a move that will disrupt global trade that has already had to adjust to Western sanctions on Russian fuel exports.Russia eased some of the restrictions on Sept. 25, saying it would allow the export of bunkering fuel for some vessels and diesel with high sulphur content. The government has yet to give a timeline for any further easing…

20 Jul 2023

US Announces First Offshore Wind Rights Sale in Gulf of Mexico

©Mike Mareen

The United States announced the first offshore wind power development rights sale in the Gulf of Mexico on Thursday, which President Joe Biden will discuss during a trip to highlight the administration's efforts to boost renewable energy.In February, the United States proposed to expand offshore wind power developments into the Gulf of Mexico, introducing the nascent clean energy industry into a major hub for oil and gas production.The Interior Department said the sale will take place on Aug.

02 Jun 2023

Russia's Taman Port to Suspend LPG Exports over Drone Danger

Taman Port - ©European Space Agency -      Date March 5, 2018 - CC BY-SA 3.0 IGO

Russia's Black Sea port of Taman is poised to suspend exports of highly-explosive liquefied petroleum gas (LPG) because of concerns linked to drone attacks, three sources with knowledge of the situation told Reuters on Friday. Russia has come under repeated attack in recent weeks, suffering a major cross-border incursion and drone attacks including on Moscow, oil refineries in southern Russia and a fuel depot near a strategic bridge that links Russia's mainland with Crimea. Russia says Ukraine was behind the attacks, including on the Kremlin last month. Kyiv denies it.

09 Feb 2023

Venezuela's PDVSA Allocates Heavy Crude Cargo to Italy's Eni

©JosIsaac/AdobeStock

Venezuela's PDVSA has allocated an oil cargo to a unit of Eni for a February loading, the first to the Italian firm following a contract suspension this year by new management at the state-run company, people familiar with the matter said. Eni and Spanish oil firm Repsol in May last year received authorizations from the U.S. State Department to take the crude to Europe for outstanding Venezuela debt and dividends, an exception to U.S. oil sanctions on Venezuela. The cargo allocations…

22 Dec 2022

Has Green Hydrogen Sprung a Leak?

©Andreas Prott/AdobeStock

The green hydrogen express is gathering pace, but it may have a worrying problem with leaks.As governments and energy companies line up big bets on the much-touted fuel of the future, some scientists say the lack of data on leaks and the potential harm they could cause is a blind spot for the nascent industry.At least four studies published this year say hydrogen loses its environmental edge when it seeps into the atmosphere. Two scientists told Reuters that if 10% leaks during its production…

17 Aug 2022

More US Sour Crude Heads to Germany to Replace Russia Oil

A second shipment of crude from a U.S. Gulf of Mexico offshore field has sailed for Germany, according to vessel tracking data and trade sources on Tuesday, as European refiners test potential replacements for Russian oil.Europe is aiming to cut 90% of its Russian oil imports by the end of this year. Refiners are expected to look to Norway, the Middle East, the United States and West Africa for alternative supplies, according to analysts.The hunt for substitutes has led in two recent instances to Mars, a U.S. sour grade similar to Russia's Urals.The Ise Princess tanker loaded Mars Sour crude off the Louisiana coast and is on its way to the Baltic Sea port of Rostock…

23 Jun 2022

Biden Administration, East Coast States to Push Wind Energy

© Collin / Adobe Stock

The Biden administration is partnering with 11 East Coast states to accelerate the development of offshore wind facilities, including addressing supply chain issues, advancing construction and boosting jobs, the White House said on Thursday.The move is part of President Joe Biden's push into cleaner energy technologies as part of its efforts to address climate change and comes as rising prices, particularly gasoline, weigh on his agenda."The partnership will support efforts to provide Americans with cleaner and cheaper energy…

15 Jun 2022

BP Beefs Up Hydrogen Team in Bet on Fuel's Future

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BP is beefing up its hydrogen management team as the energy company prepares to accelerate investments in the low-carbon fuel which it believes will play a key role in the world's shift away from fossil fuels.The revamp of the hydrogen team is the first clear sign of changes Anja-Isabel Dotzenrath, a former head of RWE Renewables, has made since becoming BP's head of natural gas and renewables in March.It also comes as BP announces it has agreed to buy a 40.5% stake and become…

17 Sep 2021

Louisiana Ports Seek Federal Aid for Ida Recovery

(Photo: Port of New Orleans)

Several south Louisiana ports are requesting federal assistance to bolster recovery efforts in the wake of Hurricane Ida.On August 29, Ida made landfall in southeast Louisiana as a category 4 storm, heavily impacting local infrastructure, waterways and communities.The Lower Mississippi River opened three days later, and by September 2, the Port of New Orleans (Port NOLA) resumed limited operations and became fully operational September 7. Although operations resumed, there remains ongoing assessment of needs, and supply chain disruptions also continue.

15 Sep 2021

Gulf Coast Oil Firms Return to Ida Recovery as Storm Nicholas Recedes

Royal Dutch Shell halted production at its Perdido offshore oil platform due to heavy winds caused by Nicholas - Image Copyright - Stuart Conway/Shell

Energy companies worked to restore pipeline service and electricity after Tropical Storm Nicholas passed through on Tuesday, allowing them to return to repairing the significant damage caused by Hurricane Ida two weeks ago.Nicholas, downgraded to a tropical depression late Tuesday, caused rain, flooding, and power outages in Texas and Louisiana, where some refineries remained offline in the wake of Hurricane Ida. The earlier storm shuttered most U.S. Gulf offshore oil and gas production.Colonial Pipeline, the largest U.S.

06 Sep 2021

U.S. Offshore Oil Output Still Mostly Down a Week after Hurricane Ida

A U.S. Gulf of Mexico platform - Credit: Lukas Z

Damage to oil production facilities in the U.S. Gulf of Mexico kept output largely halted on Sunday, a week after Hurricane Ida made landfall, according to offshore regulator the Bureau of Safety and Environmental Enforcement (BSEE).Energy companies have been coping with damaged platforms and onshore power outages and logistical issues, slowing efforts to restart production. Some 88% of crude oil output and 83% of natural gas production remained suspended.About 1.6 million barrels of crude oil remained offline, with only about 100,000 barrels added since Saturday.

05 Sep 2021

Divers to Try to Locate Oil Spill Source in U.S. Gulf of Mexico

Illustration only - Credit: vejaa/AdobeStock

A private dive team will try to locate the source of a suspected oil spill spotted in the Bay Marchand area of the Gulf of Mexico on Sunday, after Hurricane Ida wreaked havoc in the region this week, the U.S. Coast Guard said on Saturday.U.S. National Oceanic and Atmospheric Administration satellite images, first reported by the Associated Press on Wednesday, showed a miles-long brownish-black slick spreading in coastal waters about two miles off Port Fourchon, Louisiana, an oil…

11 Aug 2021

Cyber Security Threats Challenge International Shipping Industry

© joyt / Adobe Stock

The crippling ransomware attack against the Colonial oil pipeline in the U.S. in May 2021 should be a wake up call for the maritime industry. As a critical part of the global supply chain, the shipping industry could become an attractive target for cyber criminals and politically motivated attacks. Marine insurer Allianz Global Corporate & Specialty explores these challenges in its latest Safety & Shipping Review 2021.The 9,000km long Colonial Pipeline, which connects some 30 oil refineries and nearly 300 fuel distribution terminals…

21 Jan 2021

China Low-sulphur Marine Fuel Exports Hit New Heights

© aapsky/AdobeStock

China's exports of clean marine fuels rose in December to a record since shipments began a year ago, taking 2020 exports of the ship fuel to 15.45 million tonnes, customs data showed on January 20, 2021.Chinese oil refineries began exporting very low-sulphur fuel oil (VLSFO) in January to comply with emission rules set by the International Maritime Organization (IMO), after Beijing granted tax incentives to boost production and help create a regional bunkering hub. In December…

21 Oct 2020

First Tanker Moves to Cameron LNG Plant since Hurricane Delta

The first liquefied natural gas tanker to go to Cameron LNG's export plant in Louisiana since Hurricane Delta was set to arrive on Tuesday.Golar Seal was [on Tuesday] sailing up the Calcasieu Ship Channel on its way to Cameron, according to Refinitiv ship tracking data.The last vessel to go to Cameron was SK Audace on Oct. 4-5, according to the Refinitiv data. That tanker left before Hurricane Delta hit the coast near Cameron on Oct. 9.The U.S. Coast Guard said it will allow vessels with drafts less than 36 feet (11 meters) to transit the Calcasieu Channel as local and federal agencies clean up obstructions in the waterway following…

20 Oct 2020

LNG Carriers Going to Sabine Pass Despite Grounded Rig

Tankers were entering and leaving Cheniere Energy Inc's Sabine Pass liquefied natural gas export plant in Louisiana despite draft limitations in the Sabine-Neches Waterway after a rig ran aground in the channel over the weekend.The U.S. Coast Guard said a large semi-submersible rig, called the Jasminia, drifted into and ran aground in the Sabine Bank Channel, limiting vessels entering the waterway to those with a maximum draft of 36 feet (11 meters).The waterway sits on the Texas-Louisiana border and connects the Gulf of Mexico to Cheniere’s Sabine and oil refineries in Port Arthur and Beaumont, Texas.That area is west of where two hurricanes—Laura and Delta—struck in recent weeks.

20 Oct 2020

Grounded Offshore Rig Limits Sabine Pass Ship Traffic

The U.S. Coast Guard said on Monday that a large semi-submersible rig drifted into and ran aground in the Sabine Bank Channel, limiting vessels entering the Sabine-Neches Waterway to those with a maximum draft of 32 feet (9.8 meters).The waterway sits on the Texas-Louisiana border and connects the Gulf of Mexico to Cheniere Energy Inc's Sabine Pass liquefied natural gas (LNG) export plant and to oil refineries in Port Arthur and Beaumont, Texas.That area is west of where two hurricanes struck in recent weeks. Nearby refineries are owned by Exxon Mobil Corp, Valero Energy Corp, Total SA, and others.The semi-submersible rig, called the Jasminia, drifted into the Sabine Bank Channel and ran aground on Friday, a Coast Guard spokesman said. The rig had housed offshore workers in the past.

14 Oct 2020

China's Zhoushan Port Sees Marine Fuel Sales Rise

Credit: Suriyapong/AdobeStock

Sales of marine fuel from the Chinese port of Zhoushan, the country's top supplier of shipping fuel, in the first nine months of 2020 rose nearly 18% from a year earlier, a local government official said on Wednesday.Zhoushan supplied 3.26 million tonnes of bonded marine fuel from January to September, the official said, declining to be identified since he is not a spokesman.China aims to build Zhoushan, an archipelago city in east China's Zhejiang province, into a regional ship fuel hub to rival Singapore as the world's largest shipping, or bunker, fuel center.But marine fuel demand took a hi

21 Aug 2020

Four Missing, Six Injured After Dredge Strikes a Pipeline in Corpus Christi

Four people are missing and six have been hospitalized for injuries caused by a pipeline explosion in the Corpus Christi Ship Channel on Friday, officials said.The explosion and subsequent fire were reported at about 8 a.m. local time near Nueces Bay in the northern part of the city after a dredge struck a pipeline in the water. The dredge, Waymon L Boyd owned by Houston-based Orion Marine Group, was working on a private project, not the channel deepening work currently underway at the port.The U.S.

13 Aug 2020

Shell to Shut Down Philippine Refinery and Turn It into Import Terminal

Illustration only: Credit: MAGNIFIER/AdobeStock

The Philippine unit of Royal Dutch Shell said on Tuesday it will permanently shut one of the country's two oil refineries, blaming a pandemic-led slump in margins, with other regional closures likely to follow, according to analysts.Pilipinas Shell Petroleum Corp said its 110,000-barrel-per-day Tabangao facility in Batangas province, which began operations in 1962, was no longer economically viable and would be turned into an import terminal.Singapore's complex refining margin…

09 Jun 2020

U.S. Gulf of Mexico Oil Firms Resuming Output as Storm Passes

Illustration; BP's Thunder Horse platform in U.S. Gulf of Mexico - Credit: BP

Energy companies on Monday began preparations to resume oil and gas production in the U.S. Gulf of Mexico, a day after Tropical Storm Cristobal blew through with high winds and heavy rains.Producers had evacuated 182 offshore facilities and shut in about a third of oil and gas production in U.S. Gulf of Mexico wells as of Monday.Royal Dutch Shell Plc, Murphy Oil Corp and BP Plc were among the companies that said on Monday they were starting to resume normal operations and return…