Imperial Oil reports doubled 3Q profits; dividends remain unchanged
Imperial Oil, Canada’s major, reported this Friday its 3Q results, posting a quarterly profit more than doubled from the prior quarter. The rally in oil...
Tag : refining capacity
Big Data and Analytics: An Opportunity under Development in Downstream
Faced with the reconfigurations of global demand —influenced by factors such as the importance of energy efficiency and the energy transition—; refineries will have to...
The Refinery Paradox – An Outlook of Refineries in North America
How could North America still be a refining leader if it’s shutting down one in five refineries by 2025? energy capital By Energy Capital Refining...
Texas Congressman asks to stop Deer Park sale to Pemex
According to Mexican media, Texas Congressman Rep. Brian Babin asked the Biden administration to refuse the Deer Park Refinery sale to Pemex. Accordingly, the congressman...
Valero warns of financial hit due to Texas deep freeze
Valero Energy Corporation reported this Thursday that stockholders will experience a bigger than expected loss, attributable to Texas deep freeze. Firstly, on the company’s preliminary...
Valero and Marathon restart refineries in Louisiana and Texas
Valero Energy Corporation and Marathon Petroleum Corporation, two of the major refinery operators in the U.S. have restarted operations in Louisiana and Texas, respectively, after...
3M barrels of daily refining capacity hit by blizzard in the U.S.
Nearly three million barrels of daily refining capacity have been affected by the blizzard in the U.S; crude production could be affected also, according to...
Renewable diesel “eats out” petroleum refining; dropped to lowest since 2016
Renewable diesel is “eating out” the U.S. petroleum refining capacity, as many refiners are closing down their facilities to convert them to renewable diesel production...
GOM oil production down 27% in August: EIA
Oil production in the Gulf of Mexico Area (GOM) was down 27% in August, the largest monthly decrease since 2008, the Energy Information Administration (EIA)...
Almost 1.2 MBd of U.S. refining capacity closed after pandemic
Nearly 1.2 million barrels a day of American refining capacity have been closed since the pandemic hit the globe in early 2020, according to S&P...