Thursday, April 9th, 2020
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First North American Refinery Shuts With Fuel Demand Plunging

Aerial view of an oil terminal taken at night

BLOOMBERG, March 30, 2020 North Atlantic idling the Come by Chance plant, VOCM reports | Valero, Phillips 66, Suncor among refiners slowing down By David Marino for Bloomberg – Newfoundland’s only refinery is shutting down, the first North American fuel maker to be idled as the coronavirus outbreak crushes demand worldwide. North Atlantic Refining Ltd. will idle the Come by Chance …

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BREAKING: Maersk oil rig worker tests positive for COVID19

Maersk Oil Rig Deliverer

PortandTerminal.com, March 24, 2020 A worker on the Australian oil and gas drilling rig Maersk Deliverer tests positive for coronavirus COPENHAGEN – A group of worker have been evacuated off an oil and gas drilling rig off the Kimberley after one of their colleagues tested positive to coronavirus. Japanese oil and gas giant INPEX confirmed a worker became sick after …

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Exxon notifies contractors, vendors of spending cuts over coronavirus

ExxonMobil illuminated signage

REUTERS, March 23, 2020 HOUSTON (Reuters) – Exxon Mobil Corp (XOM.N) is notifying contractors and vendors of planned near-term cuts in capital and operating expenses over a coronavirus pandemic, and will announce the plans once they are final, company spokesman Jeremy Eikenberry said on Sunday. “Based on this unprecedented environment, we are evaluating all appropriate steps to significantly reduce capital …

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Port of Long Beach Terminals Open and Operating

File Photo: Port of Long Beach aerial shot showing container cranes and city in background

PortandTerminal.com, March 23, 2020 LONG BEACH, CA – Port of Long Beach marine terminals are open and operating amid the unfolding health crisis, with regular vessel calls and scheduled work shifts continuing at the nation’s second-busiest seaport. The Port’s marine terminals are receiving vessel calls and workers are transferring cargo off and on ships under the health-protective directives established by …

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Venezuela to Close Pumps as Gas Runs Short, Viral Outbreak Grows

Close up of a hand holding a gas pump handle and refuelling a vehicle

BLOOMBERG, MARCH 21, 2020 Only health, food suppliers and officials can fill up tanks. Measure already in place in several states earlier this week By Fabiola Zerpa, for Bloomberg – Venezuela’s government is shutting fuel stations nationwide to ration dwindling gasoline inventories as a quarantine designed to stop the coronavirus paralyzes the country, seven people said. Just a few dozen of Petroleos …

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Port of Houston terminals reopen after employee COVID19 closure

Port of Houston aerial view showing chemcial terminals, ship at dock and shipping channel

PortandTerminal.com, March 20, 2020 HOUSTON, TX – Port Houston’s Barbours Cut and Bayport Container terminals reopened last night (March 19), less than 24 hours after they were closed, the port confirms. The closure was announced after a Port Houston employee tested positive for COVID-19, according to Port of Houston Authority Chairman Ric Campo. READ: Port Houston suspends ops at 2 …

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Port Houston suspends ops at 2 terminals after worker tests positive for COVID-19

Flickr Port of Houston - Barbours Cut Terminal

PortandTerminal.com, March 18, 2020 HOUSTON, TX – The Port of Houston announced it is suspending operations at the Bayport and Barbours Cut terminals effective immediately after learning a worker at both terminals tested positive for COVID-19 coronavirus. “In light of this information, and in an abundance of caution, both public terminals are closed and operations are temporarily suspended while a …

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With oil at under $8 a bbl, Canada is the first price-war casualty

Alberta oil sands

BLOOMBERG, March 19, 2020 🛢Benchmark price for Canada’s oil sands dips below $8 a barrel 🛢Industry that generates 10% of country’s GDP facing new crisis By Kevin Orland and Robert Tuttle for Bloomberg – In the oil price war between Saudi Arabia and Russia, the first big victim is likely to be Canada. Hit by unfettered supply from the world’s top two crude exporters and …

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