PADD

U.S. Energy™ Acquires Two Refined Product Terminals in Illinois

Retrieved on: 
Tuesday, January 2, 2024
PADD, Acquisition, Organization

Appleton, Wis., Jan. 02, 2024 (GLOBE NEWSWIRE) -- U.S. Energy ™, a leading provider of refined products, alternative fuels, and environmental credits, acquired two refined product terminals in Mount Prospect and Rockford, Illinois.

Key Points: 
  • Appleton, Wis., Jan. 02, 2024 (GLOBE NEWSWIRE) -- U.S. Energy ™, a leading provider of refined products, alternative fuels, and environmental credits, acquired two refined product terminals in Mount Prospect and Rockford, Illinois.
  • With the addition of these facilities, U.S. Energy now owns and operates 37 terminals across nine states with a collective storage capacity of over eight million barrels.
  • “This acquisition complements our existing footprint in the Midwest,” shared Josh Hermus, vice president of business development at U.S. Energy.
  • For more information on throughput opportunities at these terminals, contact Alison Schmidt at [email protected] .

Nigeria's Dangote Refinery Opens, to Process Crude from State Oil Firm, an Industrial Info News Alert

Retrieved on: 
Wednesday, November 8, 2023
Oil, Gas, Energy, FPSO, PADD, Theft, Gasoline, News, NNPC, Conference, Dangote Refinery, Districts of Zambia, Research, Light, Sulfur, NPPC, Niger Delta, Petroleum Administration for Defense Districts, IIR, Reuters, USD, NNPC Limited, Aliko Dangote, GMI, EIA, UN

Because the nation's three existing refineries have been largely shut in since 2020 (totaling 445,000 BBL/d of nameplate refining capacity), Nigeria since has had to rely on imports for 90% to 95% of its refined products. And all that oil--mostly categorized as light, sweet crude--needs to be exported, instead of being refined at home.

Key Points: 
  • Nigeria's state oil company, NNPC Limited, is expected to supply Dangote with up to six cargoes of crude oil this month for test runs, according to industry insiders who spoke with Reuters.
  • Industrial Info also is tracking 22 projects, worth US$13.73 billion, that are tied to the Dangote Refinery.
  • Industrial Info will continue to monitor the situation, including the Dangote crude unit's commissioning and utilization rates.
  • In related news, Industrial Info learned at the London conference that NNPC is creating a new crude blend, which it calls "Nembe Crude."

Par Pacific Completes Acquisition of ExxonMobil Billings Refinery and Related Upper Rockies Logistics System

Retrieved on: 
Thursday, June 1, 2023
ExxonMobil, Par Pacific Holdings, Mobil, Carbon, Acquisition, ABL, Hand, PADD, NYSE, Oil

HOUSTON, June 01, 2023 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced that it has successfully closed its previously announced acquisition of the Billings refinery and associated marketing and logistics assets (the “Billings Acquisition”) from ExxonMobil Corporation and two of its subsidiaries.

Key Points: 
  • HOUSTON, June 01, 2023 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced that it has successfully closed its previously announced acquisition of the Billings refinery and associated marketing and logistics assets (the “Billings Acquisition”) from ExxonMobil Corporation and two of its subsidiaries.
  • Going forward, the refinery and logistics business will be known as Par Montana.
  • “We are extremely pleased to close the Billings Acquisition and welcome the Par Montana team to Par Pacific,” said William Pate, Chief Executive Officer.
  • Further, Par Pacific will supply approximately 250 Exxon and Mobil branded retail locations as part of the arrangement with ExxonMobil.

Help is On the Way for Diesel Supplies, an Industrial Info News Alert

Retrieved on: 
Tuesday, November 8, 2022
News, Industry, PADD, Department, Maintenance, EIA, GMI, USD, COVID-19, Primary energy, Holiday, Research, DOE, Multimedia, IIR, Oil, Propane

That's not much of an increase--last year at this time, daily distillate production increased by 2.2 million barrels. It only adds to the fear of major supply shortages, particularly for an East Coast market that relies heavily on imported products--both from domestic and foreign sources--to satisfy demand.

Key Points: 
  • That's not much of an increase--last year at this time, daily distillate production increased by 2.2 million barrels.
  • Distillates include diesel, and without diesel, there's not much available to power the world's shipping fleets.
  • Industrial Info Resources (IIR) is the leading provider of industrial market intelligence.
  • Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries.

Par Pacific Announces Acquisition of ExxonMobil Billings Refinery and Associated Marketing and Logistics Assets

Retrieved on: 
Thursday, October 20, 2022
News, Securities Act of 1933, Par Pacific Holdings, Webcast, PADD, Investor, Hand, Natural gas, LLC, NYSE, Central Time, Par, Carbon, Billings, Montana, Net income, Income, Pacific Northwest, ExxonMobil, Private Securities Litigation Reform Act, Acquisition, United, Securities Exchange Act of 1934, GLOBE, EBITDA, Bank, Oil, Rocky Mountains

This acquisition will significantly enhance our scale and geographic diversification and underpins our focus on pursing strategic growth initiatives, said William Pate, President and Chief Executive Officer of Par Pacific.

Key Points: 
  • This acquisition will significantly enhance our scale and geographic diversification and underpins our focus on pursing strategic growth initiatives, said William Pate, President and Chief Executive Officer of Par Pacific.
  • The 63,000 bpd Billings refinery is a high-conversion, complex refinery, which processes low-cost Western Canadian and regional Rocky Mountain crude oil grades.
  • In the Pacific Northwest and the Rockies, Par Pacific owns and operates 61,000 bpd of combined refining capacity, related multimodal logistics systems, and 29 retail locations.
  • Par Pacific also owns 46% of Laramie Energy, LLC, a natural gas production company with operations and assets concentrated inWestern Colorado.

East Daley Capital Advisors Announces Company Name Change to East Daley Analytics

Retrieved on: 
Thursday, September 8, 2022
Oil, Gas, Energy, Time, Entrepreneurship, Business model, PADD, Wind ENergy Data & Information (WENDI) Gateway, Risk, NGL, Growth, Data, Risk management, Natural gas, Oil

East Daley Capital Advisors, Inc. announced today that it has changed its name to East Daley Analytics effective immediately.

Key Points: 
  • East Daley Capital Advisors, Inc. announced today that it has changed its name to East Daley Analytics effective immediately.
  • East Daley Analytics is the energy industrys most trusted source for energy data and is focused on providing the most robust data analytics to inform client decisions.
  • Specializing in dissecting the energy value chain, East Daley Analytics delivers unbiased, actionable market intelligence focused on commodity market dynamics and capital market impacts through detailed asset level analysis.
  • East Daley Analytics Advisory Services includes customized commodity and financial analysis of the energy market down to the asset level.

Global Crude Oil Refinery Maintenance Market Review 2021-2022: Analysis by Major Units, Petroleum Administration for Defense Districts (PADD) Regions and Operators - ResearchAndMarkets.com

Retrieved on: 
Wednesday, April 13, 2022
Oil, Gas, Energy, Comparison, Major (United States), PADD, FCC, Oil, Tanning (leather), Publishing, Maintenance

The "Global Crude Oil Refinery Maintenance Review, 2021 - Analysis by Major Units, PADD Regions and Operator" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Crude Oil Refinery Maintenance Review, 2021 - Analysis by Major Units, PADD Regions and Operator" report has been added to ResearchAndMarkets.com's offering.
  • Globally, among all the regions, North America had the highest refining capacity under maintenance (both planned and unplanned) with 10,210 thousand barrels per day (mbd).
  • Asia and South America followed with 8,838 mbd and 2,587 mbd of refining capacities under maintenance, respectively.
  • Analysis of capacity under maintenance for crude distillation, coking, fluid catalytic cracking, hydrocracker, hydrotreater, and reformer units globally for 2021
    Comparison of select refinery units under maintenance (planned, unplanned and both) by major regions for 2021 and 2020
    Comparison of select refinery units under maintenance (planned, unplanned and both) by PADD regions in the US for both the years
    Comparison of select refinery units under maintenance (planned, unplanned and both) by operators for both the years
    Keep abreast of major refinery units (crude distillation, coking, fluid catalytic cracking, hydrocracker, hydrotreater and reformer) under maintenance globally for 2021 and 2020
    Factors Responsible for Unplanned Maintenance by Region, 2021 vis-a-vis 2020
    Global Refining Capacity under Maintenance by Region, 2021 vis-a-vis 2020
    Global Coking Capacity under Maintenance by Region, 2021 vis-a-vis 2020
    Global Fluid Catalytic Cracking (FCC) Capacity under Maintenance by Region, 2021 vis-a-vis 2020
    Global Hydrocracker Capacity under Maintenance by Region, 2021 vis-a-vis 2020
    Global Hydrotreater Capacity under Maintenance by Region, 2021 vis-a-vis 2020
    Global Reformer Capacity under Maintenance by Region, 2021 vis-a-vis 2020
    Refining Capacity under Maintenance by PADD Regions in the US, 2021 vis-a-vis 2020
    Coking Capacity under Maintenance by PADD Regions in the US, 2021 vis-a-vis 2020
    FCC Capacity under Maintenance by PADD Regions in the US, 2021 vis-a-vis 2020
    Hydrocracker Capacity under Maintenance by PADD Regions in the US, 2021 vis-a-vis 2020
    Hydrotreater Capacity under Maintenance by PADD Regions in the US, 2021 vis-a-vis 2020
    Reformer Capacity under Maintenance by PADD Regions in the US, 2021 vis-a-vis 2020
    Global Refining Capacity under Maintenance by Operator, 2021 vis-a-vis 2020
    Global Coking Capacity under Maintenance by Operator, 2021 vis-a-vis 2020
    Global FCC Capacity under Maintenance by Operator, 2021 vis-a-vis 2020
    Global Hydrocracker Capacity under Maintenance by Operator, 2021 vis-a-vis 2020
    Global Hydrotreater Capacity under Maintenance by Operator, 2021 vis-a-vis 2020
    Global Reformer Capacity under Maintenance by Operator, 2021 vis-a-vis 2020
    View source version on businesswire.com: https://www.businesswire.com/news/home/20220413005718/en/

Food Lion Feeds Donates $50,000 to Feeding America Kentucky’s Heartland for Tornado Rebuilding Efforts

Retrieved on: 
Friday, February 18, 2022
Food, Feeding America, Water, Zaandam, Tornado, City, World Red Cross and Red Crescent Day, Ahold Delhaize, CSFP, Hunger, Partnership, PADD, American Red Cross, Food Lion, GLOBE, Organization, Hunting

We appreciate our long-standing partnership with Food Lion, said Jamie Sizemore, executive director of Feeding America, Kentuckys Heartland.

Key Points: 
  • We appreciate our long-standing partnership with Food Lion, said Jamie Sizemore, executive director of Feeding America, Kentuckys Heartland.
  • Food Lion cares about the towns and cities we serve, and our neighbors who live in them, said Kevin Durkee, Manager, Food Lion Feeds, Food Lion.
  • Food Lion Feeds donated $26,000 in food to Feeding America Kentuckys Heartland; 39,000 bottles of water to disaster relief agencies; and $10,000 to an emergency relief fund established by Pilgrims Pride, one of Food Lions suppliers with operations in the area.
  • Additionally, in partnership with customers, Food Lion Feeds donated $130,000 to the American Red Cross for disaster relief efforts.