Statoil to shut down ‘unprofitable’ CHP plant

Statoil has announced plans to shut down its combined heat and power (CHP) plant at Mongstad, Norway at the end of next year. The decision to close the plant follows “several years of unprofitable operations”. It was developed in 2010 to improve the energy efficiency at the Mongstad refinery and secure energy supply to industrial […]

Oil imports to OECD countries fell until March

Imports of crude oil from OPEC countries to OECD nations declined during the first quarter of the year. There were shipments coming only from Iran – which increased by 30% – Iraq and Kuwait, which accounted for a 10% rise, new figures from the International Energy Agency (IEA) revealed. Production of crude oil, natural gas […]

BP to pay $275k for alleged water and air violations

BP Products North America has agreed to pay more than $275,000 (£194,668) in penalties to resolve alleged air and water violations in Indiana. The company will also take steps to reduce around 23,500 pounds of emissions annually from the Whiting petroleum refinery. Located on the southwestern shore of Lake Michigan, BP operates the nation’s sixth […]

ExxonMobil to boost US crude refinery output

ExxonMobil has announced plans to invest in increasing crude oil capacity in the US. It will expand its Beaumont refinery in Texas, boosting capacity by 20,000 barrels a day. The facility currently processes 365,000 barrels of crude oil per day and produces 2.8 billion gallons of gas every year. The company said the increase is […]

Power plant at Grangemouth refinery sold to Ineos

Finnish energy firm Fortum has sold its power plant at Grangemouth to the refinery’s owner, Ineos. Ineos handed over £54 million for the Combined Heat and Power (CHP) plant. Able to generate up to 145 megawatts (MW) of electricity and 257 MW of heat, it provides power and steam to the petrochemical and refining plant. Excess […]

Blaze at BP refinery

A fire broke out at British oil giant BP’s Whiting refinery in Indiana, USA last night. The blaze began at around 9pm local time with the refinery’s on-site fire team putting it out just before 11pm. A spokesperson told ELN it had “no real impact” on operations, adding it was far too early to know […]

Fears for Welsh oil refinery after sale falls through

The future of Milford Haven oil refinery in Wales looked shaky last night after a deal to sell it fell through. American-owned oil firm Murphy Petroleum (Murco) had been hoping to sell it to investment fund Greybull. Now Murco is in talks with employees about Milford Haven, casting 400-odd jobs at the Welsh site into […]

BP closing Australian oil refinery

British oil giant BP is halting work at its oil refinery in Brisbane, Queensland by the middle of 2015. The 50-year-old Australian refinery which sits on a reclaimed island at the mouth of Brisbane River produces 102,000 barrels per day. BP said yesterday the smaller scale plant was facing “huge commercial pressure” from larger refineries […]

Shell sells Australian refinery to Vitol for £1.6bn

Oil giant Shell has sold an Australian oil refinery and 870 petrol station sites to Swiss oil trader Vitol for A$2.9 billion (£1.6bn). Vitol’s boss Ian Taylor described it as an “exciting” move for his company. A brand agreement means all the service stations will continue to use Shell’s red and yellow logo. The Anglo-Dutch […]

Ineos pins Grangemouth future on shale gas?

The owner of Grangemouth refinery is apparently pinning the site’s future on shale gas from the United States. Until recently at the heart of a heated union row, the refinery is set to be the first chemical plant in the country to get American shale gas. Owner Ineos plans to build a new ethane tank […]