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Whiting Refinery News

01 Mar 2024

US Gulf Coast Fuel Oil Imports Hit Five-year Low

Š scandamerican / Adobe Stock

Imports of fuel oil bound for the U.S. Gulf Coast fell to a five-year low last month as refiners ran more cheap, heavy Canadian crude and geopolitical tensions in the Middle East pressured fuel oil flows.Fuel oil deliveries to the Gulf Coast dwindled in February to just 318,000 barrels per day (bpd), a 20% drop from the prior month and marking their lowest level since February 2019, data from tanker tracking firm, Kpler showed.Heavy fuel oil feedstocks like high sulfur fuel oil…

23 Oct 2017

U.S. Midwest Refiners Boost Output

U.S. refineries from Ohio to Minnesota are capitalizing on access to cheap crude from Western Canada and North Dakota oilfields, helping their region break a historic dependence on fuel from the Gulf Coast while redrawing oil trade maps. Since the early 2000s, crude and fuel flows from the Gulf Coast into the U.S. heartland have been cut in half, as crude coming from Canada and North Dakota has pushed U.S. Midwest refining activity to record levels. In 2016, Midwest refining capacity rose to 3.9 million barrels per day (bpd) of crude, the highest annual volume on record. Midwest refiners such as Marathon Petroleum Corp, Phillips 66, BP PLC and Husky Energy have invested billions of dollars on new units capable of turning sludgy crude from Canada into gasoline and diesel.

29 Jul 2014

BP Reports Better Second Quarter 2014 Results

BP today announced its financial results for the second quarter of 2014. Underlying replacement cost profit for the quarter of 2014 was $3.6 billion, 34% higher than the $2.7 billion reported for the same period in 2013 and 13% higher than the $3.2 billion result for the first quarter of 2014. The company also announced a quarterly dividend of 9.75 cents per ordinary share, the same level as the previous quarter but 8.3% higher than a year earlier. As previously announced, BP’s board will review the level of the dividend with the first and third quarter results each year. “This was another successful quarter, delivering both operational progress and robust cash flow.

29 Apr 2014

BP Reports Q1 Results; Increases Dividend

BP today announced its financial results for the first quarter of 2014. Underlying replacement cost profit1 for the quarter was $3.2 billion, compared with $2.8 billion for the previous quarter and $4.2 billion for the first quarter of 2013. Operating cash flow in the quarter was $8.2 billion. The company also announced a quarterly dividend of 9.75 cents per ordinary share to be paid in June, 8.3% higher than a year earlier. As previously advised, the Board will continue to review the level of the dividend with the first and third quarter results each year. BP Group Chief Executive Bob Dudley commented: “This is a very solid start to 2014.

04 Apr 2014

BP Whiting Refinery Cleanup Winds Down

An assessment team, comprised of representatives from the Coast Guard, Environmental Protection Agency and BP, stated Friday that no further cleanup actions were recommended following a scheduled return visit to the BP Whiting Refinery to conduct a Determination of Clean survey. The visit was originally scheduled to take place Thursday but was postponed due to heavy rains and high water levels. After an inspection of the rocky shoreline on the southeast wall of the cove near the refinery, it was determined that the small areas of the oiled pebbles identified Sunday had all been removed by cleanup crews. On Sunday, the assessment team also conducted underwater surveys that included probing in 36 different locations on the bottom of Lake Michigan near the area of discharge.

30 Mar 2014

BP Whiting Oil Spill: Latest Update

Clean-up operations: USCG photo

The US Coast Guard informs that weather conditions improved overnight enabling clean up operations and assessment activities to progress near the BP Whiting Refinery in Whiting, Indiana. High winds and heavy surf created unsafe conditions for contractors and assessment team personnel both Friday and Saturday, suspending activities. A Coast Guard helicopter returning from a separate mission conducted an overflight assessment of the area and did not observe any oil sheen on the water.

27 Mar 2014

BP Whiting Refinery Spill: Latest Update

Oil spill clean-up: File photo

An assessment of yesterday's cleanup operations found small amounts of oil on the beach and along the east shoreline of the cove. A BP cleanup crew repositioned the boom to prevent the sheen from spreading outside of the cove and will remove the remaining traces of oil, inform the US Coast Guard. A shoreline cleanup and assessment technique team, comprised of members of the Coast Guard, EPA and BP, proceeded further northwest along the rocky wall of the cove this afternoon to determine the full extent of the oiling along the shore. Those efforts are ongoing.

26 Mar 2014

Lake Michigan Refinery Oil Discharge: Latest Update

Response team meeting: Image courtesy of USCG

The Coast Guard informs that their representatives together with those from the Environmental Protection Agency were back on scene Wednesday to oversee cleanup operations after a crude oil discharge Monday evening at the BP Whiting Refinery in Whiting. Eight members of a shoreline cleanup assessment team, consisting of members of both agencies and BP, inspected the shoreline to verify presence of crude oil and to recommend cleanup techniques as required. The SCAT team inspected…

25 Mar 2014

BP Refinery Spilling Oil into Lake Michigan

U.S. Coast Guard photo by Parker Wood

The U.S. Coast Guard and the Environmental Protection Agency are responding to the report of an oil discharge into Lake Michigan from the BP Whiting Refinery in Whiting, Ind. The Coast Guard received a report Monday night from watchstanders the National Response Center of a sheen from an unknown substance discharging from an outflow adjacent to the refinery. Personnel from Coast Guard Marine Safety Unit Chicago and the EPA responded last night and found an area of about 5,000 square feet covered in crude oil.

15 Aug 2012

‘Super-sized’ Seaway Cargoes to U.S Ports

Economic conditions and severe weather conditions have formed the perfect storm to slow some traditional trade at U.S. ports along the St. Lawrence Seaway System. The St. Lawrence Seaway reported that year-to-date total cargo shipments for the period March 22 to July 31 was 17.1 million metric tons, virtually flat over the same period in 2011. While July is usually a slow month on the System, not all the news was negative. “The Great Lakes Seaway system is an attractive market for breakbulk cargoes, and offers one of the most promising areas for growth,” said Craig H.