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Oil and Gas Refining

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  • TORRANCE, Calif., Feb 18- An explosion and fire ripped through a gasoline processing unit at an Exxon Mobil refinery in Torrance, California, near Los Angeles on Wednesday, slightly injuring four workers and shattering windows of surrounding buildings, authorities said. The cause of the blast, shortly before 9 a.m. PST, was under investigation, but there was no...

  • Feb 18- Students in about 30 schools were told to shelter in place after a possible incident at Exxon Mobil Corp's Torrance, California, refinery on Wednesday, a report on the CBC Los Angeles news website said. A separate report with ktla.com said residents reported hearing an explosion from the direction of the refinery and that the refinery was working to...

  • U.S. refinery strike enters 18th day as talks restart Wednesday, 18 Feb 2015 | 12:15 PM ET

    HOUSTON, Feb 18- The largest U.S refinery workers strike since 1980 entered its 18th day on Tuesday as union and oil company representatives prepared to renew face-to-face negotiations over pay and safety on Wednesday, after a week's hiatus. No new strike notices have been issued by the USW since Feb. 6 when workers at plants in Whiting, Indiana, and Toledo, Ohio,...

  • *Trading thinned in Asia by Lunar New Year holiday. Attempts by Islamic State militants to capture Iraqi oil facilities has forced traders "to price in some geopolitical risk premium related to the increased turmoil spreading across the... region," Jim Ritterbusch, president at Ritterbusch& Associates, said in a research note. Front-month Brent April crude...

  • LONDON, Feb 18- Oil fell more than $1 towards $61 a barrel on Wednesday, failing to build on gains of over 1 percent in the previous session as analysts said a recent rally was overblown. "The lack of follow-through higher yesterday is a worry and there's plenty of reason to be neutral here and observe carefully," PVM Oil Associates director and technical analyst...

  • *China raises initial 2015 oil product export quotas by 20 pct. China controls oil product exports through quotas to state-run refiners after assessing domestic needs. This year Sinopec Corp, CNOOC Ltd and PetroChina were given an oil product export quota of 9.75 million tonnes, up about 20 percent from the initial limit set for 2014, industry sources with...

  • KAMPALA, Feb 17- A consortium led by Russia's RT Global Resources has won the contract to build and operate Uganda's $2.5 billion crude oil refinery, the energy ministry said on Tuesday, in a vital step to hasten oil production. RT Global Resources, owned by Russian defence conglomerate Rostec, leads a consortium that also includes Russian oil producer Tatneft...

  • TOKYO, Feb 17- U.S. crude futures were steady on Tuesday as gains in the dollar following the collapse of Greek debt talks offset supply concerns stoked by growing violence in Libya and uncertainty over exports from Kurdistan. *NYMEX crude for March delivery was down 1 cent at $52.77 a barrel by 0015 GMT, off a one-week high of $53.69 hit on Monday.

  • SINGAPORE, Feb 16- Oil prices steadied on Monday as Japan's economy emerged from recession and as strong demand for refined products translated into healthy orders for crude. Japan's economy rebounded from recession in the final quarter of last year, supporting oil prices, even though the data was weaker than expected. Benchmark Brent crude futures were...

  • NYMEX-Oil extends gains, Brent hits 8-week high Sunday, 15 Feb 2015 | 7:07 PM ET

    TOKYO, Feb 16- U.S. crude futures rose for a third straight session, while Brent hit an eight-week high above $62 a barrel after another drop in the U.S. rig count signaled the pressure producers face from low oil prices. *NYMEX crude for March delivery was up 43 cents at $53.21 a barrel by 2353 GMT, after settling up $1.57 on Friday. *London Brent crude for April delivery...

  • TOLEDO, Ohio, Feb 15- U.S. oil refinery managers are going to the mats, literally, during the biggest fight with union workers in 35 years, bedding down for a third strike week that experts and some employees say raises concerns over safety and operations. At the 135,000 barrel-per-day refinery just outside of Toledo, Ohio, run by BP Plc and Husky Energy Inc, most of the...

  • Feb 13- The United Steelworkers union said no new strike notices were issued on Friday as the largest U.S. refinery strike since 1980 reached its 13th day. The last round of strike notices were issued a week ago on Friday, Feb. 6, when the union told BP Plc that workers would walk off their jobs the following day at refineries the company operates in Indiana and Ohio.

  • Feb 13- The United Steelworkers union and refinery owners were set to resume contract negotiations next week as the largest U.S. refinery strike since 1980 reached its 13th day on Friday. "We're still fulfilling the information request from the USW and looking forward to resuming negotiations next week," said Ray Fisher, spokesman for Shell Oil Co, the U.S. arm of...

  • RIO DE JANEIRO, Feb 13- Brazil's oil regulator, the ANP, ordered state-run oil company Petrobras to study ways to boost output on a floating natural gas and oil production ship a week before a deadly explosion on Wednesday, according to agency documents. Studying ways to reduce unused production capacity on the Cidade de Sao Mateus, a floating production, storage...

  • HOUSTON, Feb 12- The largest U.S. refinery strike since 1980 entered its 12th day on Thursday with no talks scheduled until next week and industry representatives were weighing a union counterproposal, said a labor spokeswoman. Also on Thursday, Tesoro Corp Chief Financial Officer Steven Sterin told analysts during an earnings conference call that...

  • U.S. refinery strike enters 12th day, no talks scheduled Thursday, 12 Feb 2015 | 12:36 PM ET

    HOUSTON, Feb 12- The largest U.S. refinery strike since 1980 entered its 12th day on Thursday with no talks scheduled between union and industry representatives until next week, and at least one refinery will remain out of production for the duration of the work stoppage. Tesoro Corp Chief Financial Officer Steven Sterin told analysts during an earnings...

  • LONDON, Feb 12- French oil major Total has announced plans to halve capacity at its Lindsey refinery on Britain's North Sea coast as part of an overhaul of downstream activities intended to address overcapacity in the European refining sector. Of the six refineries still operating in Britain, Lindsey was most at risk of closure or capacity reduction, as shown in...

  • PARIS/ LONDON, Feb 12- Total will cut capacity and jobs at its Lindsey refinery in Britain, the French oil major said on Thursday, as the group adapts to weak demand for fuel in Europe and rising competition from overseas. European refiners have been struggling with overcapacity as the region's petrol and diesel consumption has declined over the past decade, while...

  • "In our experience, it is difficult to imagine the missing surviving," said Jose Maria Rangel, head of Sindipetro-NF, Brazil's largest offshore oil union. The toll of dead and injured was confirmed by the union, Petroleo Brasileira SA, as the company is known, and Brazil oil industry regulator ANP. The FPSO, owned by Norway- listed ship leaser BW Offshore Ltd, also...

  • RIO DE JANEIRO, Feb 11- At least three oil workers were killed and 10 were injured in an explosion on Wednesday at an offshore oil and natural gas platform in Brazil operated by state-run energy company Petroleo Brasileiro SA. The ensuing fire was quickly contained and the platform has been stabilized, Brazil's oil regulator ANP said in a statement.