Refining

The Port of Corpus Christi, a leading U.S. oil and natural gas export hub, has unveiled plans to explore green hydrogen production at its facilities in South Texas. Under a memorandum of understanding (MOU) announced earlier this week, the Corpus Christi port is partnering with finance giant Ares Management Corp. to look into the potential…

Output grew and profits revived across Suncor Energy Inc.’s wells-to-wheels chain of Alberta oil and national refining and retailing operations during the first three months of this year. Management said it was well positioned to maintain financial health across its production to retail chain “as the deployment of  vaccines leads to recovering economies and an…

Houston-based energy manufacturing and logistics firm Phillips 66 is targeting a 2021 capital expenditure (capex) budget of $1.7 billion, down from $3.1 billion year/year. “Our 2021 capital budget is supported by our diversified portfolio, strong financial position and capital discipline,” said CEO Greg Garland. “We continue to focus on reducing capital expenditures as market conditions…

After reaching record levels in 2019, U.S. petroleum refining capacity tapered off substantially this year as several refineries closed amid demand declines hastened by the coronavirus pandemic, federal data posted Thursday showed. As of Sept. 1, the latest available data, the United States had 18.4 million bbl per calendar day (b/cd) of operable petroleum refining…

Enbridge Inc. has exposed a conflict between U.S. refiners and Canadian producers with its proposal to convert the 3 million b/d oil Mainline into a contract transporter for only a few after 70 years as a common carrier for all. Of 15 total conversion supporters, 10 are U.S. refiners or their marketing arms, according to…

Mexico’s state-owned energy companies must shift their limited capital budgets from unprofitable business lines to segments that make money, according to a new diagnostic analysis by local think tank Instituto Mexicano para la Competitividad, aka IMCO. For national oil company Petróleos Mexicanos, that means re-thinking its strategy to bolster the refining segment and instead investing…

The diversified systems of two of North America’s largest midstream companies were positioned for a solid second quarter in which lower oil volumes were partially offset by strength in natural gas, natural gas liquids (NGL) and storage. Enterprise Products Partners LP (EPD) and Enbridge Inc. reported second quarter results on Wednesday, with each company highlighting…

Touting more integration and geographic diversity with the completion of its$5.8 billion purchase of Western Refining Inc., Tesoro Corp. and Tesoro Logistics LP (TLLP) are becoming Andeavor and Andeavor Logistics LP, respectively, effective Aug. 1.

Acting Secretary of the Pennsylvania Department of Environmental Protection Patrick McDonnell plans to hit the road in April for a listening tour about how the agency’s Office of Environmental Justice (OEJ) can be improved. McDonnell will host nine roundtables with residents and leaders across the state to see how they can get more involved in DEP’s decision-making process. The OEJ serves as a point of contact for Pennsylvanians in low income areas and areas with more minorities. It was established more than a decade ago to better protect those communities from industrial development such as oil and gas drilling. OEJ Director Carl Jones said his office wants to go beyond those demographics, however, and start reaching out to include more communities in the public participation process. The agency’s oil and gas permitting has slowed in recent years as DEP has faced staff cuts, technical deficiencies and, at times, more applications. A schedule of the roundtables is available on DEP’s website.