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Marathon Petroleum Corp. plans to idle its Gallup, New Mexico, refinery next week, according to a person familiar with the matter. It's the first U.S. facility to shut as the coronavirus.
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Marathon to Keep to Refineries Closed Indefinitely. August 3, 2020. The Baker Hughes Rig Count report from Friday said that oil rigs were down 1 to a total of 180 oil rigs. Total US all rigs types there are 251 rigs and last year at this time there were 942 total rigs. ... The EIA on Friday reported that crude oil production for May 2020 fell.
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The closing of that refinery, which had been in operation since the late 1960s in the town of Convent, led to a loss of some 1,000 jobs in the area..
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Most of the refinery closures occurred in western countries, the data showed. In the U.S., refineries processing a total of more than 800,000 barrels a day have closed since 2019 leaving the nation with a total operating refinery capacity of 17.7 million barrels a day, its lowest level since 2013.
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Welcome to the future of waste management. On January 13th 2022, Griffin Refineries invites you to Expo 2020 Dubai to a VIP Event at the Finland Pavilion Majlis, hosted by our partner Redland Growth Lounge. Join us for the day and explore the important topics of sustainability and waste management in the circular economy.
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Less than one month after provision was made in the 2020-21 Budget for the design and implementation of a market mechanism to support domestic refineries, BP Australia announced it would cease fuel production at its Kwinana Refinery. Once this refinery is wound down over the next six months, Australia will have three remaining fuel refineries.
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After getting burned in 2020 when economies around the world shut down and oil demand plunged, oil producers have been slow to ramp up production. ... U.S. refineries produce, from a 42-gallon.
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August 17, 2020 - Oil refiners are permanently closing processing plants in Asia and North America and facilities in Europe could be next as global fuel demand remains below levels seen before the coronavirus pandemic. Related Graphics View More The pandemic initially cut global fuel demand by 30 percent and refiners temporarily idled plants.
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HOUSTON (ICIS)-Shell plans to reduce its refinery portfolio to six sites from 14 by 2025, the company said on Thursday. The six sites will be in Deer Park, Texas, US; Norco, Louisiana, US; Pernis, the Netherlands; Pulau Bukom, Singapore; Rheinland, Germany; and Scotford, Canada. Shell sees the six sites as operating as what it called energy.
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Shell announced in November 2020 it would be shuttering the refinery after attempts to sell the plant between July and October were unsuccessful. The refinery became unprofitable as COVID-19 spread across the United States. Shell planned to try to divest the refinery as it considers closing facilities it cannot sell, the company told investors.
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Nelson Index: The Nelson Index is a measure of the complexity of an oil refinery. Refineries that are higher on the Nelson Index are valued higher relative to their peers. For example, high Nelson.
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The company's top six refineries in Singapore, Thailand and South Korea, as well as the US states of California company's oil and liquids production and Mississippi, comprise more than 90% of its total crude oil refining capacity. 6. Total - $209.36bn. Total's revenue increased by 22.08% to $209.36bn in 2020.
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As a result of several U.S. refinery closures in 2020, U.S. operable atmospheric crude oil distillation capacity, the primary measure of refinery capacity in the United States, dropped 4.5% to a total of 18.1 million barrels per calendar day (b/cd) at the start of 2021. The end-of-year 2020 total is 0.8 million b/cd less than the 19.0 million b/cd of refining capacity at.
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The coronavirus pandemic will accelerate Eni SpA's pivot away from conventional refineries to investing in greener facilities. ... Eni plans to spend 4.9 billion euros between 2020 and 2023. With oil at around $40 a barrel, "we won't cut low-carbon spend, instead we will be cutting oil and gas" capex by 35 per cent to 40 per cent this.
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According to a report from Reuters, published in June of this year, the refining capacity across the US fell by 4.5% during 2020, the largest drop since the recession of 2012. The drop in capacity was driven by a 13% drop in gasoline consumption, and prices for gasoline and diesel hit a four year low.
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December 1988, the Nestucca oil spill at Grays Harbor.En route from BP's Cherry Point refinery to Portland, with a delivery stop at Aberdeen along the way, a tugboat towing the oil tanker barge Nestucca attempted to cross the bar into Grays Harbor when the two vessels collided, opening up a gash in the tanker that ultimately spilled some 231,000 gallons of heavy fuel oil.
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KOLKATA: Half of the gold refineries in the country, the second biggest consumer of gold in the world, have closed down after the global outbreak of Covid-19.Out of the 20 refineries in the country, 10 refineries engaged in refining dore (impure) gold have closed down as dore is not coming from Switzerland, Ghana and Peru as international flights are not operating.
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Table 13. Refineries Permanently Shutdown By PAD District Between January 1, 1992 and January 1, 2022 PAD District III 838,226 1,447,640 Imron Refining, Inc. San Leon, TX 7,000 0 c Sabine Resources Stonewall, LA 12,000 0 c Petrolite Corp Kilgore, TX 600 750 12/97 02/98 Dow Haltermann Products Channelview, TX 880 0 09/04 12/05.
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Rystad Energy expect sidled refinery capacity to exceed 950 000 bpd in 2020 as the recovery in fuel demand remains sluggish. 760 000 bpd of globally idled capacity stems from closed refineries in North America and Europe, while five refineries on the American Atlantic coast remain mothballed in 3Q20.
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Panic at the pumps! How truckers ground Britain to a halt in September 2000 by blockading refineries in fuel duty stand-off with Tony Blair... sparking petrol queues, closure of schools and empty.
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10/27/2020 04:30 AM EDT. The oil industry's fortunes have been withering on President Donald Trump's watch, with dozens of oil companies falling into bankruptcy as weak crude prices take a.
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Refinery closures in South Africa are shots fired in the long running contestation between the oil refiners and the government. ... Engen (Petronas) in 2020, following an explosion and fire, and Sapref (Shell and BP) after its temporary closure during the insurrection in July 2021. Natref appears to be playing a waiting game on the government.
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During 2020-21, both HPCL refineries at Mumbai and Visakh recorded sound physical performance with combined capacity utilisation of about 104% despite the constraints due to COVID-19 pandemic and reduced product demand in H1. During 2020-21, Mumbai Refinery achieved highest annual production of Lube Oil Base Stocks SPO 90 N, SPO-II and 150 N-II.
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At least eight refineries have either closed altogether or converted capacity to manufacturing renewable fuels since 2019, taking around 1.1 million barrels per day of refining capacity offline. Sen. Ita Enang, the Senior Special Assistant to the President on Niger Delta Affairs, has said that the Federal Government was planning to legalise Modular Refineries in the country.
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According to the International Energy Agency, permanent shutdowns of refinery capacity planned for 2020-2021 amount to 1.7 million barrels/day. Capacity shutdowns have been planned prior to COVID-19 but the "bulk of the new announcements reflect the pessimism about refining economics," the agency said.
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U.S. refining capacity had reached a record high of nearly 19.0 million bpcd earlier this year, but several refineries have closed since then, the EIA reports. ... "2020 is shaping up to be a 'pivot point' in the energy transition - the moment when noncarbon energy's share of global demand increases compared to fossil fuels.
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1w. Joey is at again, before the pandemic in 2020. The USA refining industry had 141 refineries. In 2022 when Joey came in he closed 2 refineries leaving 127 workable refineries. One of Joeys.
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API has closed its 80,000 b/d Falconara refinery in Italy. #OOTT #covid19 #OilPriceWar — Javier Blas (@JavierBlas) March 30, 2020 The problem is a global one. Italy's API became the first European refiner to shutter a facility. On March 30, North Atlantic Refining Ltd announced the first refinery to shut down in North America.
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The higher biodiesel blend may push consumption of palm oil-based biofuels in Indonesia from 6.2 million kiloliters per year in 2019 to as much as 9.6 million kiloliters in 2020The gradual increase of mandatory biofuel blends has already created a growing domestic market for palm oil producers and biodiesel refiners at a time when global demand.
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At the beginning of 2021, 129 refineries were either operating or idle in the United States (excluding U.S. territories), down from 135 operable refineries listed at the beginning of 2020. The additional refinery closures in the 2021 Refinery Capacity Report largely reflect the impact of responses to COVID-19 on the U.S. refining sector.
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"In 2019 in Europe I think about two thirds of European refineries were cash-positive. We think it was less than five in 2020," says Alan Gelder, a refining specialist at Wood Mackenzie.
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The CER says the main reason for the drop in Canada's oil imports during 2020 was related to COVID-19, with refineries requiring less crude as demand for refined petroleum products fell.
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The more active November contract LCOc2 fell 42 cents, or 0.6%, to $71.81. The prospect that extended refinery outages will curb oil demand weighed on prices. Hurricane Ida shuttered or curtailed.
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Just seven U.S. oil refineries out of the 18 that were down due to the Texas Freeze are operating normally as of Monday, according to Bloomberg.. Those 18 refineries that were down accounted for.
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Shell announced in November 2020 it would be shuttering the refinery after attempts to sell the plant between July and October were unsuccessful. The refinery became unprofitable as COVID-19 spread across the United States. Shell planned to try to divest the refinery as it considers closing facilities it cannot sell, the company told investors.
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The consultancy expects a global composite gross refining margin of US$1.40 a barrel for 2020, down from U$3.70/b last year and the lowest this century. The margin will recover to US$2 to US$3/b. The largest refineries in North America were shutting down Monday because of arctic conditions that have cut electricity, water and fuel supplies across Texas. More than 3 million barrels of daily.