• 2 days U.S. On Track To Unseat Saudi Arabia As No.2 Oil Producer In the World
  • 2 days Senior Interior Dept. Official Says Florida Still On Trump’s Draft Drilling Plan
  • 3 days Schlumberger Optimistic In 2018 For Oilfield Services Businesses
  • 3 days Only 1/3 Of Oil Patch Jobs To Return To Canada After Downturn Ends
  • 3 days Statoil, YPF Finalize Joint Vaca Muerta Development Deal
  • 3 days TransCanada Boasts Long-Term Commitments For Keystone XL
  • 3 days Nigeria Files Suit Against JP Morgan Over Oil Field Sale
  • 3 days Chinese Oil Ships Found Violating UN Sanctions On North Korea
  • 3 days Oil Slick From Iranian Tanker Explosion Is Now The Size Of Paris
  • 4 days Nigeria Approves Petroleum Industry Bill After 17 Long Years
  • 4 days Venezuelan Output Drops To 28-Year Low In 2017
  • 4 days OPEC Revises Up Non-OPEC Production Estimates For 2018
  • 4 days Iraq Ready To Sign Deal With BP For Kirkuk Fields
  • 4 days Kinder Morgan Delays Trans Mountain Launch Again
  • 4 days Shell Inks Another Solar Deal
  • 5 days API Reports Seventh Large Crude Draw In Seven Weeks
  • 5 days Maduro’s Advisors Recommend Selling Petro At Steep 60% Discount
  • 5 days EIA: Shale Oil Output To Rise By 1.8 Million Bpd Through Q1 2019
  • 5 days IEA: Don’t Expect Much Oil From Arctic National Wildlife Refuge Before 2030
  • 5 days Minister Says Norway Must Prepare For Arctic Oil Race With Russia
  • 5 days Eight Years Late—UK Hinkley Point C To Be In Service By 2025
  • 5 days Sunk Iranian Oil Tanker Leave Behind Two Slicks
  • 5 days Saudi Arabia Shuns UBS, BofA As Aramco IPO Coordinators
  • 5 days WCS-WTI Spread Narrows As Exports-By-Rail Pick Up
  • 5 days Norway Grants Record 75 New Offshore Exploration Leases
  • 6 days China’s Growing Appetite For Renewables
  • 6 days Chevron To Resume Drilling In Kurdistan
  • 6 days India Boosts Oil, Gas Resource Estimate Ahead Of Bidding Round
  • 6 days India’s Reliance Boosts Export Refinery Capacity By 30%
  • 6 days Nigeria Among Worst Performers In Electricity Supply
  • 6 days ELN Attacks Another Colombian Pipeline As Ceasefire Ceases
  • 6 days Shell Buys 43.8% Stake In Silicon Ranch Solar
  • 7 days Saudis To Award Nuclear Power Contracts In December
  • 7 days Shell Approves Its First North Sea Oil Project In Six Years
  • 7 days China Unlikely To Maintain Record Oil Product Exports
  • 7 days Australia Solar Power Additions Hit Record In 2017
  • 7 days Morocco Prepares $4.6B Gas Project Tender
  • 7 days Iranian Oil Tanker Sinks After Second Explosion
  • 9 days Russia To Discuss Possible Exit From OPEC Deal
  • 9 days Iranian Oil Tanker Drifts Into Japanese Waters As Fires Rage On
Alt Text

Gas Wars: The First Energy Conflict In 2018

Territorial disputes over newly discovered…

Alt Text

Will 1 Billion EVs Crash Gasoline Demand?

Electric vehicle sales are picking…

Alt Text

New Importers Keep LNG Markets Tight

While increased LNG demand from…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for the U.S.-based Divergente LLC consulting firm with over a decade of experience writing for news outlets such as iNVEZZ and…

More Info

Gasoline Prices Rocket As Exxon Shuts Beaumont Refinery

Gasoline

Texas, as hurricane Harvey caused flooding and extreme weather, Reuters reported, citing sources familiar with the refinery operations.

Exxon shut the 240,000-bpd Crude B unit, and the 45,000-bpd coking unit at Beaumont earlier on Tuesday.

As of 3 pm ET yesterday, Exxon said that the “Beaumont refinery continues to operate at reduced rates, and has safely shut down some units as a result of adverse weather.”

Exxon also shut down on Monday the Baytown complex—the second largest refinery in the United States with a capacity of 560,500 bpd.

As of Tuesday afternoon, Exxon’s Baton Rouge facilities were operating as normal, the company said in its latest safety and operations update on Hurricane Harvey.  

Exxon is just one of many companies curtailing or completely shutting refinery operations as Harvey slammed Texas, and made landfall again early on Wednesday just west of Cameron, Louisiana. “Catastrophic and life-threatening flooding continues in southeastern Texas and portions of southwestern Louisiana,” the National Hurricane Center said in its 4:00am CDT advisory today.

In Texas, Royal Dutch Shell closed its 360,000-bpd Deer Park refinery, and sources tell Reuters that the biggest refinery in the U.S.—the 603,000-bpd Port Arthur refinery—was shutting down on Tuesday, due to flooding. Over the past two days, the refinery had cut its operating capacity to 40 percent. The Port Arthur shutdown brings the total refinery outage due to Harvey at 19.6 percent, or 3.65 million bpd, of U.S. refining capacity, according to Reuters calculations.

As a result, gasoline futures continue to soar, and the front-month contract was up 5.34 percent at US$1.8786 at 11:44 AM CST on Wednesday. Related: Oil Prices Rise As Texas Braces For Hurricane Harvey Landfall

In production, Exxon said on Tuesday that its systems are safe and operational at the Hadrian South subsea production system in the Gulf of Mexico, and production start-up operations are underway. The Hoover and Galveston 209 platforms remain shut in, the company said, adding that it continued to monitor the weather and would make adjustments if and as needed.  

As of 11:30 CDT on Tuesday, 18.26 percent of the current oil production of 1,750,000 bpd in the Gulf of Mexico had been shut-in, or 319,523 bpd, the Bureau of Safety and Environmental Enforcement (BSEE) said. Based on operator reports, 19.1 percent of the natural gas production in the Gulf of Mexico was shut-in as of yesterday evening.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:




Back to homepage


Leave a comment
  • Josh Gregner on August 30 2017 said:
    Hey you know who doesn't care? Tesla owners :) My friend on his Ranch is proud to be self-reliant. And he is. Except, that he constantly needs to buy fuel to keep is truck running. Wouldn't it be great to fuel your car by wind and solar which you control yourself?

    Let's face it: oil supply is not hurricane proof.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News