North America downstream news

The Beaumont refinery in Texas, US, is starting up after a shutdown prompted by severe cold weather.

The terminal has the capacity to store more than 2 million bbl of gasoline, diesel and jet fuel.

Rystad Energy's VP Oil Markets, Paola Rodriguez-Masiu, has commented on the outages affecting Texas's oil refining sector in the wake of Storm Uri.

IHS Markit currently estimates more than 5.2 million bpd of Gulf Coast refining capacity and 730 000 bpd in PADD 2 has been impacted by the winter weather.

Worley will provide early phase engineering services to Chevron’s global downstream projects over a five-year period.

The acquisition, expected to close in 2Q21, deepens Baker Hughes’ industrial asset performance management capabilities.

The US Energy Information Administration expects the US – a net exporter of petroleum in 2020 – to return to being a net petroleum importer on an annual basis in both 2021 and 2022.

Under the initiative, API member companies will commit to applying safety standards, implementing workforce training programmes and participating in performance-improving efforts.

Chart Industries has announced the acquisition of Cryogenic Gas Technologies, Inc. for US$55 million in cash.

Unusually harsh weather for the US southern states has knocked out more than 3 million bpd of refining capacity in the US Gulf, according to Reuters calculations.