Tag: refinery
ExxonMobil to expand US crude processing capacity
ExxonMobil will add flexibility to process light crudes at its Beaumont refinery, increasing production capacity by approximately 20,000 barrels per day. This expansion will further strengthen ExxonMobil’s integrated downstream portfolio in Southeast Texas.
Pembia terminalling services for refinery
Pembina Pipeline Corporation announced that it will provide terminalling services for the North West Redwater Partnership (North West) with respect to North West's planned Sturgeon Refinery. The company also announced that it has entered into agreements to construct a new pipeline lateral in the Karr area of Alberta (the Karr Lateral) to service growing production from the Montney resource play.
API releases updated refinery safety standard
The American Petroleum Institute (API) has issued an updated pressure relieving design and installation standard to enhance refinery safety as part of its commitment to improving workplace safety and protecting the environment.
Future of new Tula refinery questionable
Pemex, the Mexican state oil monopoly, has announced that it is “studying the nature and timing” of its new Tula refinery.
Hess to exit refining business with terminal netwo
Hess Corporation has announced that it will pursue the sale of its terminal network in the United States. Hess also announced that it will complete its exit from the refining business by closing its Port Reading, New Jersey refinery.
“By closing the Port Reading refinery and selling our terminal network, Hess will complete its transformation from an integrated oil and gas company to one that is predominantly an exploration and production company and be able to redeploy substantial additional capital to fund its future growth opportunities,” said John Hess, Chairman and CEO.
The terminal network is located along the U.S.
Trainer Refinery Lost $63 Million
Trainer, the Delta Air Lines owned oil refinery had a $63 million loss in November and December caused by Hurricane Sandy.