N) shut three refineries while energy major Shell (RDSa. L) and independent refiner HollyFrontier (HFC. N) each shut one in 2020.
The largest refineries in North America were shutting down Monday because of arctic conditions that have cut electricity, water and fuel supplies across Texas. More than 3 million barrels of daily oil-processing capacity has been idled in the wake of the record-setting cold, according to consultant Energy Aspects Ltd.
Exxon locked out union members from the 2,700-acre Beaumont, Texas, refinery and oil packaging plant on May 1 after failed contract talks. The plant produces fuels and Mobil 1 motor oil, and has continued to run with managers and replacement workers.
It is highly cyclical and fairly unpredictable, because demand for gasoline swings sharply by season. And because of low oil prices over the past decades, refiners have been forced into cutthroat competition that has driven many of the smaller refiners out of business.
In 2020, oil refinery capacity in the United States amounted to approximately 18 million barrels per day. Although refineries are operating at full capacity, they may still have difficulties in meeting daily energy demands.
SPEEDWAY BOYCOTT EXPOSES MARATHON CORPORATION’S POOR LABOR PRACTICES BUILDING TRADES UNIONS INVITE MINNESOTANS TO JOIN THE BOYCOTT. SAINT PAUL, MN – The Saint Paul Building Trades announced a boycott of Speedway gas stations to call attention to the labor practices of parent company Marathon Petroleum Corporation.
Nearly 200 workers at the Marathon facility walked off the job in January, after a contract dispute centering on the company’s plan to replace union workers with subcontractors.
Saudi Aramco, Saudi Arabia’s state-owned oil company, now has 100 percent control of the largest refinery in North America. The Port Arthur refinery in Texas, which can process 600,000 barrels of oil per day, is completely owned by Aramco.
BEAUMONT, Texas — It’s been more than 24 hours since a majority of the 399 United Steelworkers union members voted “no” on the latest offer from ExxonMobil, continuing the nearly six-month-long lockout. … Union representative Bryan Gross said the vote is a sign that members are in the fight for the long haul.
|No.||Name of refinery||Barrels per day|
|1||Jamnagar Refinery (Reliance Industries Limited)||1,240,000|
|2||Paraguana Refinery Complex (PDVSA)||940,000|
|3||SK Energy Ulsan Refinery (SK Energy)||850,000|
|4||Ruwais Refinery (Abu Dhabi National Oil Company)||817,000|
|Pioneer Oil Refinery|
|Designated||March 6, 1935|
|U.S. National Register of Historic Places|
|Designated||December 11, 2020|
|1||Port Arthur Refinery||Motiva Enterprises|
|2||Galveston Bay Refinery||Marathon Petroleum|
|3||Baytown Refinery||Exxon Mobil|
|4||Garyville Refinery||Marathon Petroleum|
Texas’ 27 refineries lead the nation in both crude oil production and refining.
Louisiana Quick Facts
Louisiana’s 17 oil refineries account for nearly one-fifth of the nation’s refining capacity and can process about 3.4 million barrels of crude oil per day. In 2020, Louisiana’s two liquefied natural gas (LNG) export terminals shipped out about 55% of U.S. total LNG exports.
Marathon Petroleum completes sale of Speedway convenience stores to 7-Eleven. … The Finlay-based company is selling Speedway’s 3,900 locations to 7-Eleven. The deal was announced last August, several months after activist investors persuaded Marathon’s directors to reorganize the company.
The changes for Speedway, which has 3,900 company-owned-and-operated convenience stores across the U.S., would turn it into an independent, publicly-traded company with a potential value of $15 billion to $18 billion.
Marathon Is Selling Speedway Gas Stations to 7-Eleven’s Parent for $21 Billion. The largest U.S. independent refining company will get cash, and 7-Eleven will add 4,000 convenience stores.
Paul Park has expanded to include a boycott of Speedway gas stations. Nearly 200 refinery workers have been on strike since Jan. 21, and starting last week they began to boycott gas stations owned by Marathon. … The workers are protesting what they say are Marathon’s unfair labor practices.
Union workers have voted to return to their jobs at the Marathon Petroleum refinery in St. Paul Park. July 1, 2021, at 3:23 p.m.
#1 in the Nation for Oil
Leading the U.S. in both crude oil production and refining, with the capacity to process 5.1 million barrels of crude oil a day, Texas accounts for over 28% of the country’s total refining capacity.
|No. of employees||1,450|
Jamnagar refinery is the world’s largest oil refinery with an aggregate capacity of 1.24 million barrels per day (bpd). The refinery complex is located at Jamnagar in Gujarat, India. It is owned and operated by Reliance Industries.
Project Gallery Dangote Group, one of the most diversified business conglomerates in Nigeria, is venturing into oil business with the construction of the Dangote oil refinery. Image courtesy of NIGERIAN INVESTMENT PROMOTION COMMISSION. MAN Diesel & Turbo provides compressor trains for the Dangote refinery.
Introduction. Shell has interests in more than 35 refineries worldwide with the capacity to process some 4 million barrels of crude oil per day. This refining portfolio is global with approximately 40% of the refining capacity in Europe and Africa, 30% in the Americas and 30% in Asia-Pacific.
Definition of refinery
: a building and equipment for refining or processing something (such as oil or sugar)
marathon refinery strike
list of strikes
beaumont refinery strike
strikes in the 1920s
strikes in the 21st century