Halliburton claims hackers removed data from August cyberattack
Halliburton, a U.S. oilfield service firm, said Tuesday that an unauthorized third-party had accessed its systems and removed data. Details about the cyberattack first reported by were revealed. The company is currently evaluating what information was removed and how it was done, but said that this incident is unlikely to have any material impact. Halliburton refused to comment on'requests for additional information regarding the nature of the data removed and the expenses incurred as a result of the cyber incident.
Colonial Allocates Cycle 31 Shipments on Main Gasoline Line 1
* Colonial Pipeline Co is allocating space for Cycle 31 shipments on Line 1, its main gasoline line, the company said in a notice sent to shippers on Wednesday.* Committed information will be available on Friday, the company said.* Colonial's Line 1, with a capacity of 1.2 million barrels per day, runs from Houston to Greensboro, North Carolina. The current allocation is for the pipeline segment north of Collins, Mississippi.* The company's cycles are five-day periods when a sequence of all in-season products is pumped.
Colonial Allocates Cycle 20 Shipments
Colonial Pipeline Co is allocating space for cycle 20 shipments on Line 1, its main gasoline line, and for cycle 21, on its Line 20 distillate pipeline, according to separate company notices sent to shippers on Tuesday. Committed information for Line 1 will be available on Thursday, and for Line 20, on Wednesday, the company said. Colonial's Line 1, with a capacity of 1.2 million barrels per day, runs from Houston to Greensboro, North Carolina. The current allocation is for the pipeline segment north of Collins, Mississippi.
Colonial: Main Gasoline Pipeline Resumes Normal Ops
Colonial Pipeline Co on Friday said its main gasoline pipeline, Line 1, has resumed normal operations following a precautionary shutdown to investigate a potential integrity issue. Line 1, with a capacity of 1.2 million barrels per day, runs from Houston to Greensboro, North Carolina. Colonial connects Gulf Coast refineries with markets across the southern and eastern United States through more than 5,500 miles (8,850 km) of its pipeline system, delivering gasoline, diesel, jet fuel and other refined products. Reporting by Arpan Varghese
Colonial Allocates Cycle 14 Shipments on Main Distillate Line
Colonial Pipeline is allocating Cycle 14 shipments on Line 2, its main distillate line, the company said in a notice sent to shippers on Friday. Committed information on the line will be available on Feb. 27, the company said. Line 2 runs from Houston to Greensboro, North Carolina. This allocation is for the pipeline segment north of Collins, Mississippi, Colonial said. The company's cycles are five-day periods when a sequence of all in-season products is pumped. The company pumps the same sequence of products every five days.
Colonial Allocates Cycle 12 Shipments on Distillate Line 20
Colonial Pipeline Co is allocating space for Cycle 12 shipments on Line 20, which carries distillates from Atlanta to Nashville, Tennessee, according to a notice sent to shippers on Thursday. Committed information will be available on Friday, the pipeline operator said. The company generally announces allocations when nominations, or requests for space to ship petroleum products on its lines, exceed its ability to meet the five-day lifting cycle. The company's cycles are five-day periods when a sequence of all in-season products is pumped.
Colonial Allocates Cycle 12 Shipments on Main Distillate Line 2
Colonial Pipeline is allocating Cycle 12 shipments on Line 2, its main distillate line, the company said in a notice sent to shippers on Tuesday. Committed information on the line will be available on Thursday, the company said. Line 2 runs from Houston to Greensboro, North Carolina. This allocation is for the pipeline segment north of Collins, Mississippi, Colonial said. The company's cycles are five-day periods when a sequence of all in-season products is pumped. The company pumps the same sequence of products every five days.
Colonial Pipeline Demand at 2-Month Nadir
Demand to ship gasoline on Colonial Pipeline has sunk to a two-month low as Gulf Coast supplies are increasingly being exported or sent to the Midwest rather than to the New York harbor, three sources familiar with the matter said on Wednesday. Colonial Pipeline Co, the largest U.S. fuel network, has consistently allocated space for at least the past two months, meaning demand has exceeded capacity on the pipeline. But it would not ration space on its main gasoline line for the next five-day shipping cycle…
Colonial Pipeline Allows Port Arthur Refiners to Ship Fuel after Harvey
Colonial Pipeline, the largest fuel system in the United States, said on Monday that Port Arthur, Texas refiners can use their own pumps as a temporary solution to get gasoline and other products into its main lines. Flow rates on Colonial's lines, which supply more than 3 million barrels a day of fuel to the populous U.S. east coast, have been sharply reduced after Hurricane Harvey caused massive floods and damaged supply points, including at Port Arthur. The Port Arthur facility connects directly to Total and Valero's refineries in Jefferson County, Texas.
U.S. Gulf Refiners Recovering Slowly, Carefully
U.S. refineries are restarting after Hurricane Harvey forced them to shut down two weeks ago, raising the risk of fires and explosions that could prolong fuel supply disruption as plants simultaneously reheat units and reactivate catalysts. Restarts are one of the most dangerous times for refinery workers, so operators keep shutdowns to a minimum. Plants typically shut only a few units for overhaul in spring and fall, with most refinery units remaining in operation for 4-6 years between full maintenance shutdowns.
US Gasoline Prices Climb as Refineries Gradually Restart
U.S. retail gasoline prices climbed Tuesday, even as oil refineries rumbled back into service after Hurricane Harvey disrupted operations along the Texas coast. The average gasoline price was $2.648, 30.2 cents higher than a month ago, according to motorist advocacy group AAA. Gasoline prices normally retreat after the U.S. Labor Day holiday weekend. Benchmark U.S. gasoline futures fell more than 3 percent, however, as refineries restarted. U.S. oil refiners are estimated to have 3.67 million barrels a day of capacity shut during the week to Sept.
Fuel Shortages from Harvey to Hamper Labor Day Travel
Travelers and fuel suppliers across the United States braced for higher prices and shortages ahead of the Labor Day holiday weekend as the country's biggest fuel pipelines and refineries curb operations after Hurricane Harvey. Just six days after Harvey slammed into the heart of the U.S. energy industry in Texas, the effects are being felt not just in Houston, but also in Chicago and New York, and prices at the pump nationwide have hit a high for the year.
Retail Gasoline Prices Surge in Harvey's Choppy Wake
Nearly a quarter of U.S. refining capacity out; Motiva down for two weeks; Corpus Christi starts to reopen. Retail U.S. gasoline prices hit two-year highs and global shipping routes were scrambled as the nation's largest refiners remained shut on Friday, even as Harvey was losing strength. Major fuel pipelines feeding the U.S. Northeast and Midwest have been either closed or severely curtailed, prompting shortages in some areas and dramatic spikes in wholesale prices.
US DoE Releases 500 mb from SPR
The U.S. Energy Department said on Thursday it would release 500,000 barrels of crude oil from the Strategic Petroleum Reserve as Tropical Storm Harvey's disruption of the petroleum industry has sent fuel prices soaring. The first emergency release from the reserve since 2012 will be delivered to the Phillips 66 refinery in Lake Charles, Louisiana, according to a department statement. That plant has not been affected by the storm, which has hammered the Gulf Coast for several days.
Big Monthly Loss for WTI Looms in Harvey's Wake
U.S. gasoline at two-year high above $2 a gallon, as almost a quarter of U.S. U.S. crude oil prices are on track to post the steepest monthly losses in more than a year on Thursday as concerns spread over falling demand in the world's top oil-consuming country after storm Harvey knocked out almost a quarter of its refineries. But prices rallied in the oil products markets, with U.S. gasoline futures hitting a two-year high above $2 a gallon, buoyed by fears of a fuel shortage just days ahead of the Labor Day weekend that typically sees a surge in driving.
Traders Scramble to Avert Regional Fuel Shortages
Mexico buys gasoline from Europe, Asia; in rare move, Europe exports diesel to Brazil. The crippling of the U.S. Gulf Coast refining hub by Tropical Storm Harvey roiled global oil markets on Thursday as traders scrambled to buy gasoline and diesel from distant markets to avert supply shortages in the United States, Mexico and Brazil. A slew of gasoline tankers has been booked over the past two days out of Europe to the United States and Latin America, with around 12.5 million barrels expected to leave the region in the first half of the month…
U.S. Midwest Refiners Profit as Harvey Hits Rivals
U.S. refiners in the Midwest will be among the biggest winners after Hurricane Harvey dealt a blow to their competitors on the U.S. Gulf Coast. Refiners such as PBF Energy and HollyFrontier that are not hit by Harvey are on course for their best quarter in two years amid fears of fuel shortages that helped push profit margins for making gasoline up as much as 21 percent on Monday <RBc1-CLc1>. The U.S. refining industry enjoyed strong margins in recent weeks and the fallout from the hurricane is likely to extend the bullish run for weeks.
Harvey Throws a Wrench into US Energy Engine
A hurricane in the heart of the U.S. energy industry is expected to upend years of U.S. excess oil capacity and low prices, with the impact expected to reverberate globally and affect energy markets for weeks. Harvey hit the Texas shore as a fierce Category 4 hurricane, causing massive flooding that knocked out 11.2 percent of U.S. refining capacity, a quarter of oil production from the U.S. Gulf of Mexico, and closed ports all along the Texas coast. Gasoline…
Demand to Ship Gasoline on Top US Pipeline at 6-yr Low
The operator of the biggest U.S. fuel pipeline system said on Thursday demand to transport gasoline to the country's populous northeast is the weakest in six years, the latest symptom of a global oil market grappling with oversupply. Summer is typically when gasoline demand peaks in the world's biggest oil consuming country as motorists hit the road for vacation, and keeping their gas tanks full strains the capacity of U.S. refiners and pipelines. This year…
Colonial Pipeline CEO Tim Felt to Retire
Colonial Pipeline, the largest refined products pipeline system in the U.S., said on Thursday its chief executive Tim Felt would retire at the end of the month. John Somerhalder will replace Felt as interim CEO effective February 1, the company said. Somerhalder was most recently chairman and CEO of AGL Resources, an Atlanta-based energy services holding company with operations in natural gas distribution, retail operations, wholesale services and midstream operations.
