refinery News

Sale of Philadelphia Refinery Nears; Foes Vow Long Legal Fight

NEW YORK — Opponents of Philadelphia Energy Solutions’ bankruptcy plan have vowed a long legal fight if a federal court this week approves a sale that would keep the largest East Coast oil refinery permanently shut while paying out bonuses …

Massive Exxon Refinery Fire Poses a New Threat to Oil Demand

A fire broke out early Wednesday at Exxon Mobil Corp.’s Baton Rouge oil refinery in Louisiana, halting production at the fifth-biggest fuel-making plant in the U.S. The outage at the massive complex — which supplies fuels across the southeast U.S. …

Fire-Damaged Philadelphia Oil Refinery Heads for Auction

NEW YORK — The fate of the largest East Coast oil refinery is set to be decided on Friday in an auction that could determine whether the Philadelphia plant is restarted or used for a different purpose for the first …

Bankrupt Philadelphia Refinery Expects Second Insurance Payment

Insurers of Philadelphia Energy Solutions (PES) have indicated they will make a second payment of $15 million from its property policy in connection to the June fire and subsequent shutdown of the plant, court documents showed. The payout will be …

Cause of Philadelphia Fire Sounds Alarm Over Aging U.S. Refineries

PHILADELPHIA — How did a piece of piping installed when Richard Nixon was U.S. president go without once being checked before leading to a fire that devastated the East Coast’s largest and oldest oil refinery? That’s a question safety experts …

Safety Board Says Corroded Pipe Led to Philadelphia Refinery Fire

NEW YORK, Oct 16 — An old, degraded piece of metal pipe that had not been tested for corrosion led to a June fire and explosions at the Philadelphia Energy Solutions oil refinery, the U.S. Chemical Safety and Hazard Investigation …

Storm Disrupts U.S. Gulf Coast Energy Operations from Refineries to Terminals

HOUSTON — Energy infrastructure on the U.S. Gulf Coast was hit hard by Tropical Storm Imelda on Thursday, as flooding forced a major refinery to cut production and a key oil pipeline, terminals and a ship channel in Texas were …

Bankrupt Philadelphia Refinery Expects $50M Advanced Insurance Payment

Insurers of a fire-damaged Philadelphia refinery have indicated they would make a $50 million initial advance payment in connection with a June blaze that led to the plant’s closure, court documents showed. The infusion of funds would buy cash-strapped Philadelphia …

Protests Delay Construction of Refinery by Roosevelt National Park

BISMARCK, N.D. — Lawsuits from environmentalists and landowners have made investors skittish and delayed progress another year on the proposed $800 million oil refinery near Theodore Roosevelt National Park in western North Dakota, the developer’s top executive said. Meridian wants …

Unit at Philadelphia Refinery Completely Destroyed in Fire

The alkylation unit involved in a massive fire on Friday at Philadelphia Energy Solutions Inc’s oil refinery has been completely destroyed, which will hamper the supply of gasoline from the U.S. East Coast’s largest refinery, sources familiar with the matter …