The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRDSA.L Share News (RDSA)

  • There is currently no data for RDSA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-Motiva Convent refinery shelves gasoline unit overhaul -sources

Fri, 01st Jul 2016 18:03

(Adds background, details)

By Erwin Seba

HOUSTON, July 1 (Reuters) - Motiva Enterprises' Convent, Louisiana refinery has shelved plans for a gasolineunit overhaul in October despite a six-to-nine-month delay in aplanned revamp of the refinery, according to sources familiarwith the company's plans on Friday.

Earlier this year, Motiva began planning the Octoberoverhaul of the 92,000 barrel per day (bpd) fluidic catalyticcracking unit at the 235,000 bpd Convent refinery.

Instead, the FCCU will remain in operation until at leastJune 2017 when it will be permanently closed, said the twosources who were not authorized to speak to the media about thematter.

The refinery's sulfur recovery units are to be overhauled inOctober and two hydrotreaters will be reconfigured in November,the sources said. The heavy oil hydrocracker is scheduled for arevamp in February.

If all goes as planned, the refinery will be reconfigured tooperate without the FCCU by June 2017 when the Convent refineryis to be linked by pipeline with the 237,700 bpd Norco refinery.Motiva announced plans in March 2015 to combine the two afterthe Convent revamp is complete.

But, if the Convent refinery FCCU breaks down before itsdecommissioning date, the refinery may have to undertake repairs to the unit, the sources said. The cost of the fall overhaulhad been estimated by Motiva at $75 million.

"Whether they repair the cat cracker depends on if theconversions are complete," one of the sources said.

The 36,000 bpd Hydrotreating Unit-2 and the 30,000 bpdHydrotreating Unit-3 are to be converted to produce low-sulfurvacuum gas oil in a project to begin Nov. 1, according to thesources. HTU-2 removes sulfur from gasoline and diesel, whileHTU-3 processes distillates.

The low sulfur gas oil from the converted units will be sentto the Norco refinery to run in its 112,000 bpd cat cracker, oneof the goals of the combination plan announced last year.

The refinery's five sulfur recovery units, collectivelycalled the sulfur block, are to be overhauled in October priorto the work on the two HTUs. The SRUs collect sulfur extractedby the HTUs.

The refinery's 45,000 bpd heavy oil hydrocracker, called theH-Oil Unit, is scheduled to be shut on Feb. 1 for a plannedrevamp to be able to run purchased heavy aromatic feeds. (Reporting by Erwin Seba; Editing by Richard Chang and JamesDalgleish)

More News
27 Oct 2022 07:30

Shell announces $4bn share buyback as Q3 profits beat expectations

(Sharecast News) - Oil giant Shell announced a $4bn share buyback on Thursday as it posted better-than-expected third-quarter profits.

Read more
21 Apr 2022 11:53

Shell turning to China to offload Russian business - report

(Sharecast News) - Shell is reportedly looking to China as it looks to offload its Russian business.

Read more
15 Feb 2022 15:54

Shell preparing to sell North Sea gas fields - report

(Sharecast News) - Shell is reportedly preparing to launch the sale of its stakes in two clusters of gas fields in the southern British North Sea, part of an ongoing retreat of long-time producers from the ageing basin.

Read more
7 Feb 2022 10:52

Berenberg nudges up target price on Shell

(Sharecast News) - Analysts at Berenberg slightly raised their target price on oil and gas giant Shell from 2,350.0p to 2,375.0p on Monday, stating the firm was "on a roll".

Read more
31 Jan 2022 10:53

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

Read more
31 Jan 2022 07:48

LONDON MARKET PRE-OPEN: WeBuyAnyCar owner buys into Lookers

LONDON MARKET PRE-OPEN: WeBuyAnyCar owner buys into Lookers

Read more
28 Jan 2022 11:25

Shell's renewables boss steps down after less than two years

* Elisabeth Brinton leaves for new role, she says* Shell creates two new renewables leadership roles* Thomas Brostrøm to head renewables generation* Steve Hill to head energy marketingBy Ron BoussoLONDON, Jan 28 (Reuters) - Shell's head of renewable...

Read more
27 Jan 2022 16:14

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
26 Jan 2022 17:02

LONDON MARKET CLOSE: FTSE 100 soars ahead of Fed as oil, travel gain

LONDON MARKET CLOSE: FTSE 100 soars ahead of Fed as oil, travel gain

Read more
26 Jan 2022 14:36

China's Sinopec awards fewer cargoes in recent LNG tender

By Chen Aizhu and Marwa RashadSINGAPORE/LONDON, Jan 26 (Reuters) - Unipec, the oil and gas trading arm of China's Sinopec Corp has awarded fewer-than-planned cargoes in a recent tender to sell up to 45 cargoes of liquefied natural gas for 2022 del...

Read more
26 Jan 2022 12:16

LONDON MARKET MIDDAY: Markets brace for aggressive US Fed tightening

LONDON MARKET MIDDAY: Markets brace for aggressive US Fed tightening

Read more
26 Jan 2022 09:33

UPDATE 2-Commodity, bank stocks lead FTSE 100 higher; Playtech drops

* Oil and banking shares top gainers* Wizz Air reports Q3 loss, expects improvement in spring* FTSE 100 up 1.3%, FTSE 250 add 1.1% (Updates to market close)By Shashank Nayar and Ambar WarrickJan 26 (Reuters) - London's FTSE 100 rose on Wednesday wit...

Read more
26 Jan 2022 09:12

LONDON MARKET OPEN: Fresnillo drops on 2022 production warning

LONDON MARKET OPEN: Fresnillo drops on 2022 production warning

Read more
25 Jan 2022 21:13

UPDATE 1-U.S. awards 13 mln barrel exchange of crude from strategic reserve

(Adds details on sale, background on 50 million barrel SPR plan)WASHINGTON, Jan 25 (Reuters) - The U.S. Department of Energy said on Tuesday it had approved an exchange of 13.4 million barrels of crude oil from the Strategic Petroleum Reserve to ...

Read more
25 Jan 2022 20:10

U.S. awards exchange of 13 mln barrels of crude from strategic reserve

WASHINGTON, Jan 25 (Reuters) - The U.S. Department of Energy said on Tuesday it had approved an exchange of 13.4 million barrels of crude oil from the Strategic Petroleum Reserve to seven companies.The companies are Shell Trading US, 4.2 million ...

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.