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Shell Canada Products (Shell) announced today that a decision was made to undertake steps towards the conversion of its 130,000 barrels per day Montreal East Refinery to a terminal to receive gasoline, diesel and aviation fuels, which will continue to be distributed via Shell’s nearby Montreal terminal.

Calgary, Alberta - Shell Canada Products (Shell) announced today that a decision was made Read More »

RIL’s refineries losing competitive edge

Posted by Editor 251 days ago (Editorial)
The gap between the refining margins reported by Reliance Industries Ltd (RIL) and global benchmarks has been narrowing since January 2008, an indication that India’s largest private sector firm could be losing the efficiency-led edge it once had over competitors.

Refining margins measure the difference between the cost of crude oil that goes into a refinery and the price at which the refiner Read More »
Petroplus Holdings AG (SIX: PPHN) today announced that through a wholly-owned subsidiary, it has entered into an agreement with Eurotank Belgium B.V., a wholly-owned subsidiary of Vitol Tank Terminals International B.V., part of the Vitol Group of companies (Vitol) for the sale of Petroplus Refining Antwerp N.V. and Petroplus Refining Antwerp Bitumen N.V (the “Antwerp processing facility”). The n Read More »
Sunoco, Inc. (NYSE:SUN) announced today it is indefinitely idling all process units at its Eagle Point refinery located in Westville, New Jersey in an effort to reduce losses in its refining business at a time when a recessionary economy, weak demand for refined products, and increased global refining capacity have created margin pressure on the entire refining industry. Sunoco will shift current Read More »
Refiners from Germany to Hawaii are weighing plans to shut or sell plants amid the biggest drop in oil demand in almost three decades.

Petroplus Holdings AG told workers in Teesside, northern England, their jobs are at risk. Royal Dutch Shell Plc may sell or close two plants in Germany and another in Montreal. Total SA will dismantle 25 percent of France’s biggest refinery. Chevron Corp. is r Read More »
Valero Energy Corporation (NYSE: VLO) announced today that Stephen M. Waters, managing partner of Compass Advisers LLP, has been elected to the company's board of directors. Waters, who becomes Valero's 11th board member, will serve on the board's Finance Committee.Waters is also a board member at Boston Private Financial Holdings, the Boston University School of Public Health, the United States Read More »
Many of you have been curious about the progress of the restarts at Valero's Texas City and Houston refineries following hurricane-related shutdowns. As of this morning, the Texas City refinery has fully restarted, with all main production units up and operating. The refinery is currently at somewhat reduced rates but is moving toward normal rates. The Houston refinery is continuing its rest Read More »
Valero Energy Corporation (NYSE:VLO) today announced that it will host a conference call October 28, 2008 at 10:00 a.m. CT to discuss third quarter earnings results, which will be released earlier that day, and provide an update on company operations.Persons interested in listening to the presentation live via the internet may log on to Valero's web site at www.valero.com.Valero Energy Corporatio Read More »

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