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Murphy Oil (NYS: MUR) completed the divestiture of its North American refining operations this month when Valero Energy (NYS: VLO) agreed to buy its last U.S. refinery, complete with inventory ...
The Oil & Gas Journal publishes a worldwide list of refineries annually in a country-by-country tabulation that includes for each refinery: location, crude oil daily processing capacity, and the size of each process unit in the refinery. For some countries, the refinery list is further categorized state-by-state.
American petroleum refining largely grew out of oil shale refining. When the Drake Well started producing in 1859, the oil shale industry was growing rapidly, and establishing refineries near cannel coal deposits along the Ohio River Valley. As oil production increased, the oil shale refiners discovered that their refining process worked just ...
In May 2024 Repsol and Santos Limited subsidiary Oil Search were looking to sell 20-25% of their non-operating interest in the Pikka unit, to raise funds, [12] one month after they had asked the Alaska Oil and Gas Conservation Commission for a permit to hydraulic fracking.
Oil prices bounced around quite a bit in 2024. They rallied more than 20% at one point -- topping $85 per barrel -- before cooling off toward the end of the year. Oil was recently below $70 a ...
As if anyone needed more evidence of the difficult path to profits in the oil refining business, Hess Corp. (NYSE: HES) said this morning that it will shut down its Port Reading, N.J., refinery ...
The Billings Refinery is an American oil refinery located in Billings, Montana, owned and operated by Par Pacific Holdings which took over operations from ExxonMobil on June 1, 2023. [1] ExxonMobil previously announced on October 20, 2022, that it would sell the refinery to Par Pacific with the sale expected to complete in the second quarter of ...
Oil prices rose more than 2% on Wednesday amid signs of tightening supply, including declining US inventories and continued drone attacks on Russian refineries.