refineries News

Citgo Wins $54M from Lloyd’s Insurers After Oil Seized by Venezuela Government

Citgo Petroleum Corp. was awarded an insurance payment of more than $54 million for almost 1 million barrels of crude seized by the Venezuelan government. A jury in federal court in Manhattan decided late Monday that insurers must pay Citgo …

Gas Pipeline to Las Vegas Resumes Operating After Shutdown

LAS VEGAS (AP) — A pipeline facility in California that was forced to shut down deliveries of gasoline and diesel from the Los Angeles area east to areas including Las Vegas and Phoenix due to a leak, resumed operations on …

US Distillate Stocks, Refinery Utilization Drop after Winter Storm

NEW YORK –– U.S. distillate inventories fell more than expected as a winter storm gripped the United States at the end of December and refineries produced fuel at their lowest rate for nearly two years, data from the U.S. Energy …

Gulf Coast Oil Companies Return to Ida Recovery as Nicholas Recedes

HOUSTON — Energy companies worked to restore pipeline service and electricity after Tropical Storm Nicholas passed through, allowing them to resume efforts to repair the significant damage caused by Hurricane Ida two weeks ago. Nicholas, downgraded to a tropical depression …

Floods, Outages Stall Energy Firms’ Restart Efforts After Ida

HOUSTON — Widespread flooding from Hurricane Ida and power outages on Tuesday slowed efforts by energy companies to assess damages at oil production facilities, ports and refineries. Nearly all of Louisiana lost electrical power on Monday after one of the …

Major US Pipeline Halts Operations After Ransomware Attack

WASHINGTON (AP) — The federal government is working with the Georgia-based company that shut down a major pipeline transporting fuel across the East Coast after a ransomware attack, the White House says. The government is planning for various scenarios and …

Icy Weather Sends Industrial Production Down 2.2% Last Month

WASHINGTON (AP) _ Industrial output fell sharply in February as severe winter storms battered much of the country, disrupting a wide range of manufacturing activities from autos to chemical plants. The expectation is that the drop will be temporary although …

Hurricane Delta Halting Oil Production From Platforms, Refineries

HOUSTON — Hurricane Delta raked across the Gulf of Mexico, halting most of the region’s offshore oil output on Thursday after energy companies shut-in wells, pulled staff from offshore platforms and began securing coastal processing plants. The storm was about …

Laura Strengthens to Category 4, Threatens Refineries

Five major oil refineries that produce 10 percent of the U.S. supply lie within a zone where catastrophic damage is expected from Hurricane Laura, according to a blog posted by Enki Research on Wednesday afternoon. The hurricane was forecast to …

Chemical Safety Watchdog To Proceed, With Only One Board Member

HOUSTON — The U.S. Chemical Safety Board, which has only one board member instead of the usual five, was to meet on Friday despite efforts by President Donald Trump to wind down the federal watchdog agency responsible for probing major …