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Refinery closures

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This topic contains 5 replies, has 2 voices, and was last updated by  Charles Randall 10 years ago.

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  • #2879

    Freddy Martinez
    Participant

    Looking for a list of Refiners and capacity that have shutdown in 2009. 

  • #5929

    Charles Randall
    Participant

    The refineries that close are lot different category than those that have shutdown – both impact capacity.
    It is still too early for most of standard reports that show annual 2009 closures (ie EIA, OGJ WW Refinery summary).
    Usually these are good 80/20 starting point to see if they were really closed or just delisted (ie Citgo Asphalt refineries that were sold Nustar is example). Also keey eye out for refineries that were closed but most of the units were linked to the competitors nearby refinery (Clark Hartford’s coker is now part Woodriver). There are always a lot of refineries initially listed as shutdown but end up being sold to competitor or foreign oil company which are not closures just relabeling. Just takes a while for owner to accept the $0.15-0.40/$1 cost value on refinery (sometimes $0.60/$1.0 if there is lot regional stations/marketing or some integrated crude/gas supplies involved). Since stupid environmentalist have 35 yr road block against any new US refineries – these resale refineries are only game in town for new assets which are runing about 2X historical values per Bbl capacity in countries (most undeveloped that are free from Kyoto rules) that are installing them.
     
    Shutdowns is big chore & no one is going to do the lost capacity for you (unless you subscribe to one subscriptions that track them for some portion of industry – or buy one their multiclient studies). You will of course have do follow up work on items they miss.  Starting points for shutdown capacity loss is track shutdown schedules – like we have under maintenance – then do math on stream day capacity times average monthly utilization to get lost volume coke/crude/gasoline/diesel/ect.
     
     

  • #5915

    Charles Randall
    Participant

    I tracked down a closure list from Bloomberg that has economic shutdowns/refinery conversions to terminals/closures/sales that might help. It is under the Registered Coker News section.
    regards

  • #5406

    Anonymous

    I use the construction Boxscore Database. It is published by Hydrocarbon Processing. I think they offer a two week trial.
    Here’s the link. Goodluck!

    http://www.constructionboxscore.com/hpi_customer/

  • #5402

    Charles Randall
    Participant

    Thanks for input but both Hydrocarbon Processing & Oil and Gas Journal Construction updates are geared primarily to new projects or work that is in EPC & construction stage. And its focus is usually on planned Maintenance / Turnaround work although some updates include Unplanned work but not consistently.  (There are better sources for forecast work around Global regions – see coking.com Members Maintanence section for Bloomberg, Dow & others monthly forecast).
     
    But the issue here was making sure that all the temporary : Economic shutdowns and other temporary closures are accounted for in addition to permant closures so there is true read on Refinery Utilizations.
    EIA shows both “Operable” and “Operating” Capacity/Utilizations and as mentioned past they were ~same (neither discount any Maint Plan & Unplan T/A from capacity) but now with pending sales, bad economics lot reports are still using the “Operating” values which do not include true Utilization rates because most of the temporary offline capacity could be restarted within 30-60 days just like T/A capacity and should be included.
     
    The difference becomes problem and you get duffas 90% Operating Utliization during peak capacity this summer when it should have benn ~84% Operable Utilization due oversign & some 775MBD operable capacity not counted!
     
    Regards
     

  • #5395

    Charles Randall
    Participant

    Guest – I forgot to add this reference for you to EIA’s table on US Refinery closures (not sure all 2009 ones are listed yet and as mentioned above it wont include temporary or idled ones – only permant closures):
     
    The EIA table on US closed refineries by Pad can be found in their Refinery summary report (similar to OGJ version Refinery summary for US)  tables (Table 15 will be for permanent closed refineries) http://www.eia.gov/pub/oil_gas/petroleum/data_publications/refinery_capacity_data/current/refcap10.pdf
     
    Some other Refinery EIA tables
    – A ongoing table / history of US Refinery number/Capacity of Operable= Operating & Idle http://tonto.eia.doe.gov/dnav/pet/pet_pnp_cap1_dcu_nus_a.htm
     
    A US Refinery History mergers / Genealogy http://www.eia.gov/emeu/finance/mergers/downstream.pdf
     

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