• 4 mintues Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Forecasts for oil stocks.
  • 9 minutes Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 13 minutes European gas market to 2040 according to Platts Analitics
  • 4 hours Simple question: What is the expected impact in electricity Demand when EV deployment exceeds 10%
  • 3 hours America's pandemic dead deserve accountability after Birx disclosure
  • 5 hours Putin blocks Ukraine access to Black Sea after Joe blinks
  • 2 hours Today Biden calls for Summit with Putin. Will Joe apologize to Putin for calling him a "Killer" ?
  • 2 hours U.S. Presidential Elections Status - Electoral Votes
  • 1 day Fukushima
  • 2 days CO2 Mitigation on Earth and Magnesium Civilization on Mars – Just Add Water
  • 1 day Biden about to face first real test. Russia building up military on Ukraine border.
Lithium Mega-Merger Creates New $3 Billion Company

Lithium Mega-Merger Creates New $3 Billion Company

Australian lithium miners Galaxy Resources…

Shell To Restart Major Oil Refinery

Shell is set to restart its 325,700-bpd Deer Park refinery in Texas, after shutting it down for three weeks during and after Hurricane Harvey’s sweep of the U.S. Gulf Coast. By noon on Sunday, the refinery’s biggest crude oil distillation unit, with a capacity of 270,000 bpd, was up and running again. The rest of the units are being restarted currently.

The biggest unit, DU 2, is crucial for the operation of the refinery along with DU 1, which has a capacity of 70,000 bpd, because this is where crude petroleum is initially refined and then fed into the other units of the facility. DU 2 was shut down before Harvey due to a fire that occurred on August 17.

The Deer Park facility is a 50/50 joint venture between Shell and Pemex. The Mexican state company recently had to shut down its biggest refinery in Mexico, Salina Cruz, after a magnitude-8 earthquake shook the country’s southern parts. According to reports from last weeks, it would take between three and four weeks to bring Salina Cruz back online.

Harvey shut down almost a quarter of the production capacity in the U.S. section of the Gulf of Mexico, as well as more than a fifth of the country’s refining capacity.

The news will most likely provide additional support for crude oil prices, which have been enjoying the resumption of demand growth after Harvey in the last week or so. Additional upward pressure came from EIA’s latest International Energy Outlook 2017 report, which forecast a 28-percent increase in global energy consumption in the period to 2040, with crude oil demand growing at a healthy rate despite an overall decline in its share of global consumption from 33 percent in 2015 to 31 percent in 2040.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

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