Total Port Arthur, Texas, refinery may reach full production Thursday -sources

Total SA's 225,500-barrel-per-day (bpd) Port Arthur, Texas, refinery may restore full production on Thursday when its full steam supply is available, sources familiar with plant operations said on Tuesday. The refinery is raising production on a vacuum distillation unit (VDU) and the Unibon hydrocracker on Tuesday, the sources said. Total spokeswoman Marie Maitre declined comment. [Read more]

Source: BOE Report

Marathon’s Galveston Bay, Texas, refinery restarts FCCU -sources

Marathon Petroleum Corp restarted the gasoline-producing unit at its 585,000-barrel-per-day (bpd) Galveston Bay Refinery in Texas City, Texas, on Tuesday, sources familiar with plant operations said. To restart the 140,000-bpd gasoline-producing fluidic catalytic cracking unit 3 (FCCU 3), Marathon bypassed a transformer providing power to a portion of the unit, the sources said. Marathon spokeswoman [Read more]

Source: BOE Report

Heavy discount edges wider as monthly trade cycle ends

The differential on Canadian heavy crude widened slightly on Tuesday as the monthly trading window drew to a close:    Western Canada Select (WCS) heavy blend crude for August delivery in Hardisty, Alberta, settled at $9.50 per barrel below West Texas Intermediate (WTI) oil, according to Net Energy Exchange. On Monday, WCS for August delivery [Read more]

Source: BOE Report

New Oil and Gas Jobs From BOE Report Jobs

Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title [Read more]

Source: BOE Report

Mexico Confirms Major Tax Cut For PEMEX

President Andrés Manuel López Obrador presented the Business Plan of Petróleos Mexicanos (Pemex) this morning for 2019-2023, stating that the Plan he is supporting he has acted in Pemex's best interests and in those of the Mexican oil industry, and that "sowing oil" is the only strategy to save Pemex.He explained that this plan advocates supporting Pemex in the first three years of his government, with a budget and tax reduction so that Pemex has resources and can invest, and that in the last three years, with more production…

Source: Oilprice.com

Connacher Oil and Gas Limited Announces Creditor and Court Approval of Restructuring and Extension of CCAA Stay of Proceedings

CALGARY, July 16, 2019 /CNW/ – Connacher Oil and Gas Limited (“Connacher” or the “Company”) is pleased to announce the approval of the Company’s Plan of Compromise and Arrangement, as amended and restated in accordance with its terms (the “Plan”), by the required majorities of affected creditors and the Court of Queen’s Bench of Alberta [Read more]

Source: BOE Report