refinery News

Owner of Fire-Stricken Ship to Pay $1.8M for Sri Lankan Help

COLOMBO, Sri Lanka — The owner of a large oil tanker that caught fire off Sri Lanka’s coast has agreed to pay $1.8 million to the island nation for its help in extinguishing the blaze, an official sad Thursday. MV …

Blaze Breaks Out Again on Oil Tanker Off Sri Lanka, Cargo Area Intact

COLOMBO/NEW DELHI — A new fire broke out on a supertanker carrying about 2 million barrels of oil in the Indian Ocean off the east coast of Sri Lanka, spokesmen for the country’s navy said on Thursday, adding that one …

Oil Eases as Producers, Refiners Avoid Worst of Hurricane

NEW YORK — Oil prices inched lower on Friday as Hurricane Laura passed the heart of the U.S. oil industry in Louisiana and Texas without causing any widespread damage and companies were beginning to restart operations. Brent crude futures for …

Fire Put Out at PBF’s Delaware City Refinery, Two Injured

BF Energy said a fire that occurred at one operating unit at its Delaware City, Delaware, refinery on Wednesday has been extinguished and two employees are being treated for injuries. According to energy intelligence service Genscape, the fire is believed …

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 …