logo  
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

Newest And Largest US Refinery To Operate Under Capacity

By  +Follow August 16, 2013 8:53AM
Share:

Piping difficulties have forced the newest and largest US crude oil distillation unit (CDU) at Motiva’s Port Arthur refinery to run 75,000 barrels-per-day below capacity, a rate that is expected to continue through the fall season of 2014.

Motiva’s VPS-5 CDU has a capacity of 325,000 barrels-per-day, but has been running as much as 75,000 barrels shy of that after a chemical leak was discovered in June of last year, forcing a shutdown that lasted through to the beginning of 2013. Motiva’s partners in the VPS-5, Saudi Aramco and Royal Dutch Shell ($RDS.A), had to stop the CDU for nearly 8 months in order to repair miles of steel piping.

Sources close to the inner workings of the Motiva refinery have said that the CDU has been hampered by excess vibrations that occur when it runs near full capacity for over five months at a time.  The company’s Port Arthur refinery accounts for some 3.4 percent of refining capacity in the US, but a permanent fix to the problem could require another shut-down in a year’s time.

2014 may turn out to be a tricky balancing act for Motiva, as the company has issues to contend with at a number of its refineries. The VPS-4 CDU, also located in Port Arthur and with a 185,000 bpd capacity, will have to go offline for at least a month for repairs sometime around next March. The date for the work on VPS-4 was pushed back to March from February so that both units will not be down at the same time.

On top of that, Motiva’s Convent, Louisiana refinery, with 235,000 bpd capacity, also has an overhaul scheduled for March of 2014. None of the involved companies have been willing to comment on the issue at any length.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


Liked What You Read? Join Equities.com and Connect With Your Favorite Financial Experts FOR FREE! Members of Equities.com gain access to our leading financial news and content, active social investment community, proprietary research tools including the 2014 Small-Cap Stars, E.V.A. reports and more.

Results for rdsa
FinSentS Euro 600
25 Jan 15 23:22:21
$RDSA:NA Royal Dutch Shell to figure in busy results week #ROYAL DUTCH SHELL PLC http://t.co/Dp73kAP8Q3 #STOXX600
FinSentS UK100
25 Jan 15 23:16:23
$RDSA:NA Royal Dutch Shell to figure in busy results week #ROYAL DUTCH SHELL PLC http://t.co/IHuhZNegLK #LDN100
FinSentS UK100
25 Jan 15 15:17:11
$RDSA:NA Work on Shell upgrade delayed #ROYAL DUTCH SHELL PLC http://t.co/VF9ll2clRq #LDN100
FinSentS Euro 600
25 Jan 15 07:24:03
$RDSA:NA Work on Shell upgrade delayed #ROYAL DUTCH SHELL PLC http://t.co/Bg7eVm6RGR #STOXX600
FinSentS UK100
25 Jan 15 07:16:41
$RDSA:NA Work on Shell upgrade delayed #ROYAL DUTCH SHELL PLC http://t.co/Jn1vbOi3D8 #LDN100
FinSentS Euro 600
24 Jan 15 15:22:57
$RDSA:NA Ukraine crisis: dozens die as rebels shell Mariupol #ROYAL DUTCH SHELL PLC http://t.co/JB97OFBv8p #STOXX600
FinSentS UK100
24 Jan 15 15:15:58
$RDSA:NA Ukraine crisis: dozens die as rebels shell Mariupol #ROYAL DUTCH SHELL PLC http://t.co/G7Qu6kdY0T #LDN100
KN Jérôme
24 Jan 15 13:43:27
$rdsa http://t.co/Mj8jvkAVUo
FinSentS Euro 600
23 Jan 15 15:27:35
$RDSA:NA Royal feast at Trident's Rivaayat #ROYAL DUTCH SHELL PLC http://t.co/BDVIh4tGG9 #STOXX600
FinSentS UK100
23 Jan 15 15:18:50
$RDSA:NA Royal feast at Trident's Rivaayat #ROYAL DUTCH SHELL PLC http://t.co/niGzG7VYGK #LDN100
Real PnL
23 Jan 15 12:45:27
@marketmodel good combo..i own $OIH & $RDSA
Ian Richard McMaster
23 Jan 15 09:58:11
$RDSA - Royal Dutch Shell plc - Buyback of Own Shares http://t.co/wp4zGLY9nz
Ian Richard McMaster
23 Jan 15 09:58:10
$RDSA - Royal Dutch Shell plc - Buyback of Own Shares http://t.co/RyHbELmWCf
Ian Richard McMaster
23 Jan 15 09:09:19
$RDSA - ROYAL DUTCH SHELL PLC - Buyback of Own Shares http://t.co/rtizOnCiQa
Ian Richard McMaster
23 Jan 15 09:08:03
$RDSA - Royal Dutch Shell Buyback of Own Shares http://t.co/szG0T01jBW
FinSentS UK100
23 Jan 15 07:19:42
$RDSA:NA Royal feast at Trident's Rivaayat #ROYAL DUTCH SHELL PLC http://t.co/82x2kTV7tc #LDN100
Derek Pietro
22 Jan 15 18:49:19
Oil trade up 2% after the death of Saudi Arabia "King of oil" $USO $SN $COP $XOM $RDSA http://t.co/TOmOmJIMK9
FinSentS Euro 600
22 Jan 15 15:27:57
$RDSA:NA Will Royal Dutch Shell Plc Results Help Keep It Ahead Of BP plc? #ROYAL DUTCH SHELL PLC http://t.co/5abAv5sOsX #STOXX600
FinSentS UK100
22 Jan 15 15:18:49
$RDSA:NA Will Royal Dutch Shell Plc Results Help Keep It Ahead Of BP plc? #ROYAL DUTCH SHELL PLC http://t.co/pvuo2TMi4U #LDN100
Ian Richard McMaster
22 Jan 15 09:10:13
$RDSA - Royal Dutch Shell plc - Buyback of Own Shares http://t.co/p7VASV5W2m
Ian Richard McMaster
22 Jan 15 09:10:12
$RDSA - Royal Dutch Shell plc - Buyback of Own Shares http://t.co/ORLp1sNBei
Ian Richard McMaster
22 Jan 15 08:51:03
$RDSA - ROYAL DUTCH SHELL PLC - Buyback of Own Shares http://t.co/JuQXXbaG9C
Ian Richard McMaster
22 Jan 15 08:49:04
$RDSA - Royal Dutch Shell Buyback of Own Shares http://t.co/9mMYL8WeS5
FinSentS Euro 600
22 Jan 15 07:27:40
$RDSA:NA Will Royal Dutch Shell Plc Results Help Keep It Ahead Of BP plc? #ROYAL DUTCH SHELL PLC http://t.co/Zay2ohJOIP #STOXX600
FinSentS UK100
22 Jan 15 07:18:48
$RDSA:NA Will Royal Dutch Shell Plc Results Help Keep It Ahead Of BP plc? #ROYAL DUTCH SHELL PLC http://t.co/11aKBZVNcC #LDN100
FinSentS UK100
21 Jan 15 15:20:20
$RDSA:NA It's Ridiculous To Expect Shell And BP To Invest In Green Energy #ROYAL DUTCH SHELL PLC http://t.co/Gk8OLsuOP7 #LDN100
Ian Richard McMaster
21 Jan 15 09:23:53
$RDSA - Royal Dutch Shell plc - Buyback of Own Shares http://t.co/XKLhwAsPER
Ian Richard McMaster
21 Jan 15 09:23:51
$RDSA - Royal Dutch Shell plc - Buyback of Own Shares http://t.co/yUO2OscAXc
Ian Richard McMaster
21 Jan 15 08:58:09
$RDSA - ROYAL DUTCH SHELL PLC - Buyback of Own Shares http://t.co/lSoOxwqdTl
Ian Richard McMaster
21 Jan 15 08:57:03
$RDSA - Royal Dutch Shell Buyback of Own Shares http://t.co/wS3Kbtlm3o
FinSentS UK100
21 Jan 15 07:17:24
$RDSA:NA It's Ridiculous To Expect Shell And BP To Invest In Green Energy #ROYAL DUTCH SHELL PLC http://t.co/tga1wOekZ5 #LDN100
Rod Horton
21 Jan 15 05:48:26
I've been a buyer of $RDSA in recent days: encouraged by their buybacks
Ian Richard McMaster
21 Jan 15 02:45:45
$RDSA - Sanction confirmée contre quatre compagnies pétrolières pour entente à La Réunion http://t.co/BVhJoTo8Lf
4-traders.com
21 Jan 15 02:01:28
#Royal Dutch Shell A : Brazils HRT to buy stake in Shells Campos prospects http://t.co/c0JFOulFy8 $RDSA
FinSentS UK100
20 Jan 15 15:19:52
$RDSA:NA UPDATE 1-Brazil's HRT to buy stake in Shell's Campos fields -source #ROYAL DUTCH SHELL PLC http://t.co/yMT48OeBMX #LDN100
Ian Richard McMaster
20 Jan 15 09:20:12
$RDSA - Royal Dutch Shell plc - Buyback of Own Shares http://t.co/4Dtxc55362
Ian Richard McMaster
20 Jan 15 09:20:11
$RDSA - Royal Dutch Shell plc - Buyback of Own Shares http://t.co/ZwzJ3jVUo8
Ian Richard McMaster
20 Jan 15 08:54:03
$RDSA - ROYAL DUTCH SHELL PLC - Buyback of Own Shares http://t.co/xhIEDtIhqr
Ian Richard McMaster
20 Jan 15 08:53:03
$RDSA - Royal Dutch Shell Buyback of Own Shares http://t.co/uCXJbg7Eex
FinSentS UK100
20 Jan 15 07:19:49
$RDSA:NA UPDATE 1-Brazil's HRT to buy stake in Shell's Campos fields -source #ROYAL DUTCH SHELL PLC http://t.co/joWfBZ7gLY #LDN100
4-traders.com
19 Jan 15 23:58:08
#Royal Dutch Shell A : *LIBERUM CUTS SHELL B PRICE TARGET TO 2,230 (2,240) PEN... http://t.co/FTJTAsX55h $RDSA
FinSentS Euro 600
19 Jan 15 23:23:48
$RDSA:NA UPDATE 1-Brazil's HRT to buy stake in Shell's Campos fields -source #ROYAL DUTCH SHELL PLC http://t.co/UsOJDIdDhI #STOXX600
FinSentS UK100
19 Jan 15 23:16:43
$RDSA:NA UPDATE 1-Brazil's HRT to buy stake in Shell's Campos fields -source #ROYAL DUTCH SHELL PLC http://t.co/CyV73JB9nX #LDN100
Ian Richard McMaster
19 Jan 15 21:27:05
$RDSA - Oil Majors Show Early Interest in Mexico Bidding Round http://t.co/JVWOlzVQQt
FinSentS Euro 600
19 Jan 15 15:26:47
$RDSA:NA BP PLC, Shell PLC And Petrofac PLC: Why Peak Oil Theory Was Wrong #ROYAL DUTCH SHELL PLC http://t.co/7Sib8nADWe #STOXX600
FinSentS UK100
19 Jan 15 15:17:50
$RDSA:NA BP PLC, Shell PLC And Petrofac PLC: Why Peak Oil Theory Was Wrong #ROYAL DUTCH SHELL PLC http://t.co/5a6MbLJV2l #LDN100
Ian Richard McMaster
19 Jan 15 10:09:32
$RDSA - LONDON MARKETS: U.K. Stocks Log Third Straight Session Of Gains http://t.co/4W0iTOHShB
Ian Richard McMaster
19 Jan 15 09:59:32
$RDSA - EUROPE MARKETS: European Stocks Hit Seven-year High With ECB In Mind http://t.co/wbbEXuFlH8
Ian Richard McMaster
19 Jan 15 09:30:32
$RDSA - Royal Dutch Shell plc - Buyback of Own Shares http://t.co/LH71XTGRLb
Ian Richard McMaster
19 Jan 15 09:30:30
$RDSA - Royal Dutch Shell plc - Buyback of Own Shares http://t.co/RQ86A3Qcda
				
				
By  +Follow August 16, 2013 8:53AM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.