«We have seen a fair amount
of refinery capacity return online but there still is a significant amount that is still offline between the Houston - Beaumont - Port Arthur region,» Andy Lipow, president of Lipow Oil Associates LLC in Houston, told Bloomberg.
In fact, there is a glut
of refinery capacity on the Gulf Coast.
According to U.S. Customs data compiled by Bloomberg, Venezuelan crude represented 43 percent
of the refinery capacity at Chevron's Pascagoula refinery in July, as well as 62 percent of Valero's St. Charles refinery capacity.
The comparable figures for Canada are 3,136,000 bbl / day of crude oil production and 1,918,000 bbl / day
of refinery capacity — about 61 per cent of crude oil production.
Not exact matches
Nigeria's existing and aging
refineries have a daily domestic refining
capacity of 6 million liters, while the daily consumption stands at 35 million liters, so the country has to import the bulk
of what it consumes.
According to the U.S. Energy Information Administration, Norway produces 1,602,000 barrels
of crude oil a day, and its
refinery capacity is 319,000 bbl / day — about 20 per cent
of crude oil production.
The
refinery is underperforming, operating at just over 60 %
of its
capacity in 2017 and getting less funding than in years past.
With an ultimate feedstock
capacity of one million barrels a day and «near net zero» emissions, the
refinery would produce high - margin products such as kerosene and aviation fuel for the Asian market.
And now, the province's opportunity to move up the value chain appears to have been weakened by the growing network
of pipelines leading stateside, where excess
refinery capacity can be retrofitted to process bitumen at half the cost
of building greenfield
refineries in Canada.
Three - tenths
of the nation's crude oil refining
capacity is located in Texas, with the majority
of the
refineries «clustered near ports along the Gulf Coast,» according to the U.S. Energy Information Administration's website.
According to their website, Tesoro «operates seven
refineries in the western United States with a combined
capacity of approximately 665,000 barrels per day.»
In total, some twenty percent
of U.S.
refinery capacity was affected by the storm.
Refineries ran at 88.6 percent
of capacity last week, the EIA also said, processing 16.2 million bpd
of crude per day, versus 15.2 million bpd in the week before.
The EIA said
refineries last week processed 17.7 million barrels
of crude daily, operating at 96.6 percent
of capacity.
Refineries operated at 89.8 percent
of capacity, processing 16.3 million barrels
of crude, and producing also 5.2 million barrels
of distillate.
ExxonMobil shut down its Baytown
refinery, the second largest in the United States with a
capacity of 560,500 bpd.
In the aftermath
of Hurricane Harvey, which knocked off more than 20 percent
of U.S.
refinery capacity in the peak
of refinery shutdowns, hedge funds are betting on a rise in fuel prices and have boosted their net long positions on U.S. gasoline and diesel to highs not seen for years.
The massive Motiva
refinery — the largest in the country with 600,000 bpd
of capacity — is still offline, but is getting closer to resuming operations.
The disruptions
of more than 4 million barrels per day
of refining
capacity have been cut in half, with major
refineries restarting operations in Corpus Christi and Houston.
RAPID, part
of the Pengerang Integrated Complex (PIC) in the southern Malaysian state
of Johor, will contain a 300,000 barrel - per - day oil
refinery and a petrochemical complex with a production
capacity of 7.7 million metric tonnes.
Diesel demand surged after Hurricane Harvey knocked offline more than 20 percent
of U.S.
refinery capacity at the peak
of shutdowns, but demand was strong even before the storm, according to executives and analysts.
It's «sunshine on the shoulder» season as U.S.
refineries slow runs to 87.8 %
of capacity, running just 15.9 million barrels, the lowest level
of the year as seasonal maintenance flips into high gear.
At least three major state
refineries, with a combined crude processing
capacity of 860,000 b / d, have begun overhauls that will last 40 - 60 days during April and May.
ExxonMobil may begin shutting down its Beaumont, TX
refinery today, a facility with a
capacity of 362,000 bpd, due to rising waters.
An estimated 2.3 mb / d
of refining
capacity has been shut down temporarily, with major
refineries such as ExxonMobil's (NYSE: XOM) massive Baytown complex shuttered.
Gasoline prices rise as Houston begins recovery An estimated 23 %
of US
refinery capacity is offline because
of flooding in the wake
of the exceptionally slow - moving Hurricane Harvey.
«This new
refinery along with other things we are going to do with the
refinery in Port Harcourt gives us hope in our quest to try and increase our local
capacity to produce every refined product we need in the country and to meet the timeline
of 2019.
«From January to October 2015, the three
refineries produced 682,901 MT (5,007,030.13 bbls)
of finished petroleum products out
of 955,537 MT (7,005,997.28 bbls)
of crude processed at an average
capacity utilisation
of 5.18 per cent and yield efficiency
of 78.93 per cent.»
Baru said in the last one year, NNPC had improved
capacity utilization
of the
refineries with the projection that they would attain supplying 50 per cent
of the non-gasoline white products to the nation, including Diesel and Kerosene that are commonly consumed in the Country.
It does not have enough oil
refineries and even if the four it has were running at full
capacity, they would only supply a quarter
of the country's needs, says John Ashbourne, an economist at the financial research firm Capital Economics.
The Minister had announced at an Offshore Technology Conference (OTC) in Houston Texas plans to build a new
refinery with a
capacity of 150,000 bbls.
Baru said some investors have shown interest to build another
refinery of 50,000 barrels pay day
capacity.
Addressing foreign investors, the Energy Minister Boakye Agyarko is reported to have announced plans to build a new
refinery with a
capacity of 150,000 bbls.
Bochis wrote that the pipeline would not increase the amount
of oil passing through the region because East Coast
refineries are already at
capacity.
The Boakye Agyarko led Ministry is planning to build a new
refinery with a
capacity of 150,000 bbls
capacity.
As a major oil producer, involving the private sector — and I am aware that Dangote is building some
refineries and tank storage
capacities — it should be possible to process Nigerian oil locally into finished petroleum products and export them to West Africa and the rest
of Africa without us having to import petroleum products from outside.Speaking as a former leader
of an African country, I can tell you that our quest to build our countries into industralised economies that can begin refining our own raw materials and manufacturing what we need, is not a development paradigm that the rich nations are enthused about.
Data obtained from the Department
of Petroleum Resources showed that the
capacity utilisation at the
refineries, including the Niger Delta Petroleum Resources» 1,000 bpd
refinery, plunged to as low as 4.85 per cent in 2015 from 23.03 per cent in 2011, resulting in increased petroleum products» imports.
But this second link would double
capacity and deliver oil to the
refineries of the Gulf for global export.
While
capacity out
of these Canada and Bakken via rail has grown, offloading terminal
capacity also need to grow by the
refineries.
insufficient fixed capital (e.g., «We would refine more oil if we could, but our
refineries are already running at 102 %
of rated
capacity.
The EPA allows small oil
refineries to apply for hardship exemptions from the RFS ethanol blending requirements, with «small» meaning
capacity 10,000 tons
of biomass per day, producing at least 20,000 barrels
of fuel per day.
Requires the Secretary to direct the National Petroleum Council to conduct an evaluation and analysis to determine whether, and to what extent, environmental and other regulations affect new domestic
refinery construction and significant expansion
of existing
refinery capacity.
Virtually all
of America's offshore oil and gas rigs (providing about 17 percent
of U.S. production) are along the Gulf Coast, as is almost half
of the country's
refinery capacity; a fact that the country was unhappily reminded
of when it was all shut down during Hurricane Harvey in 2017.
The additional
capacity enabled the transportation
of additional Canadian crude from the Midwest to Gulf Coast
refineries.
However, the USA has surplus refining
capacity currently, with
refineries running at a historically low rate
of around 87 percent, and imports are essentially nil.
The Exxon Mobil Corporation owns and operates two massive oil
refineries in the area; one in Beaumont with a
capacity of about 400,000 barrels per day, the other in Baytown, the second - largest US
refinery with a
capacity of about 560,000 barrels per day.
ENERGY INDUSTRY Organization: Oil and natural gas - Petroleos de Mexicanos (Pemex), four operating subsidiaries (Exploration and Production, Refining, Gas and Basic Petrochemicals, Secondary Petrochemicals), Petroleos Mexicanos Internacional (PMI); Electric power and distribution - CFE and LFC; Natural gas and electric power regulation - Comission Reguladora de Energia (CRE) Major Ports: Gulf Coast - Cayo Arcos, Dos Bocas, and Pajaritos (handle most
of Pemex's oil exports), Tuxpan, Ciudad Madero; Pacific Coast - Salina Cruz, Rosarito Major Oil - Producing Fields: Cantarell, Abkatun, Ku, Caan, Pol, Chuc Major
Refineries (Crude
Capacity): Salina Cruz (330,000 bbl / d), Tula Hidalgo (320,000 bbl / d), Salamanca (245,000 bbl / d), Cadereyta (275,000 bbl / d), Minatitlan (194,000 bbl / d), Ciudad Madero (320,000 bbl / d)
«It is not self - evident that the addition
of an 830,000 barrels - per - day
capacity pipeline from Canada to
refineries in the Gulf Coast will have no effect on emissions from
refineries in that area,» the EPA wrote in response to the State Department's conclusion that the pipeline would not disproportionately affect minorities and low - income residents living near
refineries.
The jobs are beneficial, it can move liquid products
of various kinds for decades, and selfishly speaking it can move our Canadian heavy oil (oh yeah, it's heavy with carbon) which can be purchased by existing US
refineries that have the spare
capacity to process it into lighter fuels.
Major Producing Oil Fields: Samotlor, Romashkino, Mamontov, Fedorov, Lyantor, Arlan, Krasnolenin, Vatyegan, Sutormin Major Oil Terminals: Novorossiisk (Black Sea), Tuapse (Black Sea), Primorsk (Baltic Sea); Russia also uses ports at Ventspils (Latvia), Odesa (Ukraine), Klaipeda (Lithuania), and Butinge (Lithuania) Major Oil Export Pipelines outside the Commonwealth
of Independent States: Friendship (Druzhba)(1.2 million bbl / d nominal
capacity) Major Oil Refineries (1 / 1 / 02E)(Capacity in bbl / d): Omsk (566,000), Angarsk (441,000), Nizhniy Novgorod (438,000), Grozny (390,000), Kirishi (388,000), Novo - Ufa (380,000), Ryazan (361,000), Novo - Kuibishev (309,000), Yaroslavl (290,000), Perm (279,000), Ufaneftekhim (251,000), Salavatnefteorgsintez (247,000), Moscow (243,000), Ufa (235,000), Syzran (211,000), Volgograd (200,000), Saratov (177,000), Orsk (159,000), Samara - Kuibishev (154,000), Achinsk (147,000), Ukhta (127,000), Nizhnekamsk (120,000), Komsomolsk (108,000) Major Foreign Oil Company Involvement: Agip, BP, British Gas, ChevronTexaco, Conoco, ExxonMobil, Neste Oy, Norsk Hydro, McDermott, Mitsubishi, Mitsui, Royal Dutch / Shell, Statoil, and Total
capacity) Major Oil
Refineries (1 / 1 / 02E)(
Capacity in bbl / d): Omsk (566,000), Angarsk (441,000), Nizhniy Novgorod (438,000), Grozny (390,000), Kirishi (388,000), Novo - Ufa (380,000), Ryazan (361,000), Novo - Kuibishev (309,000), Yaroslavl (290,000), Perm (279,000), Ufaneftekhim (251,000), Salavatnefteorgsintez (247,000), Moscow (243,000), Ufa (235,000), Syzran (211,000), Volgograd (200,000), Saratov (177,000), Orsk (159,000), Samara - Kuibishev (154,000), Achinsk (147,000), Ukhta (127,000), Nizhnekamsk (120,000), Komsomolsk (108,000) Major Foreign Oil Company Involvement: Agip, BP, British Gas, ChevronTexaco, Conoco, ExxonMobil, Neste Oy, Norsk Hydro, McDermott, Mitsubishi, Mitsui, Royal Dutch / Shell, Statoil, and Total
Capacity in bbl / d): Omsk (566,000), Angarsk (441,000), Nizhniy Novgorod (438,000), Grozny (390,000), Kirishi (388,000), Novo - Ufa (380,000), Ryazan (361,000), Novo - Kuibishev (309,000), Yaroslavl (290,000), Perm (279,000), Ufaneftekhim (251,000), Salavatnefteorgsintez (247,000), Moscow (243,000), Ufa (235,000), Syzran (211,000), Volgograd (200,000), Saratov (177,000), Orsk (159,000), Samara - Kuibishev (154,000), Achinsk (147,000), Ukhta (127,000), Nizhnekamsk (120,000), Komsomolsk (108,000) Major Foreign Oil Company Involvement: Agip, BP, British Gas, ChevronTexaco, Conoco, ExxonMobil, Neste Oy, Norsk Hydro, McDermott, Mitsubishi, Mitsui, Royal Dutch / Shell, Statoil, and TotalFinaElf.