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Top related persons:
Biden - 1 Citgo - 1 Nicolas Maduro's - 1 Matthew Blair - 1 Tudor - 1 Blair - 1 Jose Ignacio Hernandez - 1 Leonard Stark - 1
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United States Petroleum U.S Houston Venezuela Washington Saudi Pickering
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U.S . State Department - 1 Marathon Petroleum - 1 Motiva Enterprises - 1 Valero Energy - 1 Koch Industries - 1 Valero - 1 U.S . Treasury - 1 Holt - 1

Search resuls for: "Motiva Enterprises"


5 mentions found


☆ A tale of setbacks as Venezuela's Citgo heads to US auction
  + stars: | 2023-10-22 | by ( Marianna Parraga Gary Mcwilliams | Marianna Parraga | Gary Mcwilliams | ) www.reuters.com   time to read: +8 min
The auction could start a new chapter for the 113-year-old company, which has been owned by Venezuela for almost 40 years. Washington and Venezuela's political opposition wanted Citgo to anchor the country's economic future under a democratically elected government. The sale could become the biggest court auction ever held. Motiva, Valero and Citgo's ultimate parent, Venezuela's state oil company PDVSA, did not reply to requests for comment. "Citgo will be strategic for Venezuela in the next 20-25 years, not only as a refining company, but with an expanded role," director Medina said.
Persons: Biden, Citgo, Nicolas Maduro's, Matthew Blair, Tudor, Blair, Jose Ignacio Hernandez, Leonard Stark, PDVSA, PDV, Juan Guaido, Natalie Shkolnik, Wilk Auslander, Nicolas Maduro, Stark, Evercore, Conoco, Horacio Medina, Carlos Jorda, Medina, Hernandez, Marianna Parraga, Erwin Seba, Gary McWilliams, Anna Driver Organizations: U.S . State Department, Reuters, Marathon Petroleum, Motiva Enterprises, Valero Energy, Koch Industries, Valero, U.S . Treasury, Holt, U.S, Crystallex International, PDVSA, National Assembly, Citgo, PDV, Supreme, Evercore, ConocoPhillips, Exxon Mobil, Exxon, U.S . Treasury Department's, Foreign Assets Control, Thomson Locations: United States, Petroleum, U.S, Houston, Venezuela, Washington, Saudi, Pickering, Citgo, Delaware, Caracas
☆ New Exxon Beaumont, Texas crude unit completes startup -sources
  + stars: | 2023-04-06 | by ( Erwin Seba | ) www.reuters.com   time to read: +1 min
The new 250,000 barrel-per-day (bpd) Crude C CDU lifts the Beaumont refinery's capacity to 619,024 bpd, second only to the Motiva Enterprises (MOTIV.UL) refinery in nearby Port Arthur, Texas, the people said. Exxon has also restarted the Beaumont refinery's 65,000 diesel-producing hydrocracker, which was shut by a compressor outage on March 22, the people said. Alongside Crude C, Exxon has said it built a hydrotreater. Crude C is the third CDU at the Beaumont refinery. The CDUs break down crude oil into feedstock for all other production units.
☆ U.S. oil refiners restoring lost output, some outages to run into January
  + stars: | 2022-12-27 | by ( Erwin Seba | ) www.reuters.com   time to read: +2 min
An Arctic blast sent temperatures well below freezing and led to power, instrumentation and steam losses at facilities along the U.S. Gulf Coast. Retail gasoline prices ticked up along the Gulf Coast this week, but nationwide prices have not been affected by the temporary outages. LyondellBasell Industries was in the early stages of resuming production at its Houston refinery, people familiar with plant operations said. read moreMarathon Petroleum, which operates the second-largest Gulf Coast facility after Motiva, aims to get production back by week's end, the people said. It was in the process of restarting its Port Arthur plant over the weekend, people familiar with the matter said.
☆ Storm cuts U.S. oil, gas, power output, sending prices higher
  + stars: | 2022-12-23 | by ( Erwin Seba Scott Disavino | Erwin Seba | Scott Disavino | ) www.reuters.com   time to read: +4 min
More than 1.5 million homes and businesses lost power, oil refineries in Texas cut gasoline and diesel production on equipment failures, and heating and power prices surged on the losses. Oil and gas output from North Dakota to Texas suffered freeze-ins, cutting supplies. Freeze-ins - in which ice crystals halt oil and gas production - this week trimmed production in North Dakota's oilfields by 300,000 to 350,000 barrels per day, or a third of normal. Power prices on Texas's grid also spiked to $3,700 per megawatt hour, prompting generators to add more power to the grid before prices fell back as thermal and solar supplies came online. That is the biggest drop in output since the February 2021 freeze knocked out power for millions in Texas.
☆ Valero, Marathon top beneficiaries of U.S. emergency oil releases
  + stars: | 2022-09-21 | by ( Arathy Somasekhar | ) www.reuters.com   time to read: +2 min
REUTERS/Loren Elliott/File PhotoHOUSTON, Sept 21 (Reuters) - Oil refiners Valero Energy Corp (VLO.N) and Marathon Petroleum Corp (MPC.N) are the biggest beneficiaries of the U.S. government's oil reserve releases, taking nearly half the crude offered, a Reuters analysis of Department of Energy data showed on Wednesday. The Biden administration has opened spigots at the nation's Strategic Petroleum Reserve (SPR) to lower fuel prices and ease a supply crunch from Russia's invasion of Ukraine. Awards of about 218 million barrels for the 12 months endedSept. Valero, the second largest U.S. refiner by capacity, secured 52.7 million, while top oil processor Marathon Petroleum snapped up 45.2 million barrels. About 24.42 million barrels were released by exchange, with the largest amounts taken by Exxon and Shell.
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