Baytown Refinery News

An oil tanker that the U.S. government imposed sanctions on for recently carrying Russian oil above the Western price cap is proceeding to the Baytown refinery in Texas for unloading, Exxon Mobil said on Tuesday.Exxon, the current charterer of the Yasa Golden Bosphorus, was not targeted by the sanctions last week since the oil producer chartered the tanker months after it had carried and offloaded Russian oil, a price cap coalition official after the U.S. imposed the sanctions on the tanker.The unloading by Exxon has been authorized by the U.S. Treasury Department's Office of Foreign Assets Control, the company said in a statement. The deliveries are certified products of Canadian origin, according to Exxon.The U.S.

The Houston Ship Channel re-opened to some vessel traffic on Tuesday afternoon, the U.S. Coast Guard said, after an early morning tanker fire prompted closure of the waterway. The U.S. Coast Guard Houston Vessel Traffic Service said it would commence with tow vessel transit outbound from Old River and San Jacinto River. That would be followed by inbound movements, it said. The Houston Ship Channel links the busiest U.S. petrochemical port to the Gulf of Mexico. Four Houston-area refineries were unable to receive crude oil from tankers on Tuesday after a portion of the channel was shut by an early-morning fire aboard an empty tanker. The fire began shortly after midnight CDT (0500 GMT) aboard the 810-foot (247-meter) tanker the Aframax River and was extinguished within a few hours.

Four Houston-area refineries were unable to receive crude oil from tankers on Tuesday after a portion of the Houston Ship Channel was shut due to a fire aboard an empty tanker, according to the U.S. Coast Guard. In Texas, Valero Energy Corp's Houston refinery, LyondellBasell Industries' Houston refinery, Petrobras' Pasadena refinery and Royal Dutch Shell's joint-venture Deer Park refinery have crude on-site in storage tanks and also have access to long-distance and short-haul pipeline systems. The four refineries have a combined crude oil throughput of 761,505 barrels per day (bpd), equal to 4 percent of U.S. refining capacity. The Coast Guard was conducting assessments about how long it would take to move the Aframax River…

Traders Mercuria, Trafigura and SOCAR cut gasoline desks; new refining capacity slashes traditional profitability. U.S. refining boom weighs on global light products. Trading houses are shrinking their gasoline desks in response to a slump in activity, particularly in Europe, where overseas competition and rising global supplies have limited opportunities to make money. New and highly competitive refineries on the U.S. Gulf Coast, in Asia and the Middle East have increased global supplies of the motor fuel. That has made the most active and lucrative trading routes, such as the transatlantic arbitrage between Europe and the U.S. East Coast, less and less profitable for traders. "After a decent beginning to the year, the arbitrage to the U.S.

The Board of Directors of Exxon Mobil Corporation is expected to appoint D.G. (Jerry) Wascom, president of ExxonMobil Refining & Supply Company and elect him a vice president of the corporation, effective Aug. 1, 2014. Wascom, 58, is currently director of refining for North America, ExxonMobil Refining & Supply Company. He began his career in 1979 as a refining engineer at Baton Rouge refinery in Louisiana for Exxon Company USA. He progressed through various engineering and supervisory positions at Exxon Company USA’s headquarters in Houston and later as technical manager and process manager at Baytown refinery in Texas. In 1996, he became senior environmental and safety advisor and later corporate planning consultant at Exxon Corporation in Dallas.

Technip USA Corporation has signed a multi-year contract with ExxonMobil Global Services to provide front-end engineering services. Technip will provide engineering services to ExxonMobil’s Baytown refinery and chemical plants as ExxonMobil implements its programs to significantly reduce its NOx emissions and contributes to the Houston-Galveston-area efforts to attain air quality standards. Techinip has been involved in Nox abatement projects since the 1980s in California