Western Refining, Inc., is a Texas-based Fortune 200 and Global 2000 crude oil refiner and marketer operating primarily in the Southwestern, North-Central and Mid-Atlantic regions of the United States. "Western Refining Reports Fourth Quarter and Full Year 2014 Results", "Fortune 500 2015: Fortune 500 Companies 151-200", "Western Refining Press Release – Western Refining", "Western Refining Supply Areas – El Paso Times", "Western Refining Products and Services – wnr.com", "Tesoro, Western Refining stockholders approve $6.4 billion merger & acquisition deal", "Profile: Western Refining to buy Giant Industries – USA TODAY", "Western Refining Acquires Ownership Interests in Northern Tier Energy LP –", "Western Refining rises on oil boom – El Paso Inc", "Western Refining sells its Yorktown refinery – Bizmology", "Western Refining Company, L.P. Company Information – Hoovers", "Business Bio: Western Refining – Greater Phoenix Chamber of Commerce", "Western Refining logistics subsidiary – aims for $287 million in proposed stock offering", https://en.wikipedia.org/w/index.php?title=Western_Refining&oldid=970963738, Non-renewable resource companies established in 1997, Companies formerly listed on the New York Stock Exchange, Creative Commons Attribution-ShareAlike License, This page was last edited on 3 August 2020, at 11:54. The newest large refinery built in the US was completed in 1976 in Garyville, Louisiana. Through the refineries and these affiliated companies, Western Refining serves a broad customer base in Arizona, California, Colorado, Minnesota, Nevada, New Mexico, western Texas, Utah, Wisconsin, northern Chihuahua, Mexico, and the central East Coast region. In July 2013 Western Refining hoped to raise $287.5 million in a public stock offering for its recently formed pipeline and storage subsidiary, Western Refining Logistics (WNRL). In the 1800s, the principal refined product was kerosene for illuminating oil. The first was June 23 when the National Post and Globe and Mail reported equity investors on the North West Refining side (North West owns 50%, Canadian Natural Resources Ltd. the other 50%) were seeking “liquidity alternatives”. Stanlow Refinery is an oil refinery owned by Essar Energy in Ellesmere Port, North West England. About Us. Although the US was the world's largest net importer of refined petroleum products as recently as 2008, the US became a net exporter in 2010, and in 2014 was the largest exporter and the largest net exporter of refined petroleum. Regulatory approvals are in place for three identical phases with a total throughput of about 240,000 barrels per day of bitumen blend feedstock. The company also gained ownership of retail assets that included SuperAmerica retail channel of 163 company operated and 74 franchised convenience stores.[19]. It also has a fleet of crude oil and finished product truck transports, and wholesale petroleum products operations in Arizona, California, Colorado, Nevada, New Mexico, Texas, Utah, Virginia and Maryland.[22]. There Might Well Be a Reason", Much of the country’s refinery capacity is concentrated along the Gulf Coast, Net imports of products int the U.S. by country, "How the shale boom translates into big profits for US refineries,", "US oil refiners face battle to prolong halcyon days,", "French refineries at risk as demand weakens, industry lobby says,", "E.P.A. It didn't take long for word to get around. It was partly due to a concerted lobbying effort of local town councils, and the Come By Chance town council in particular, that the wrecking balls didn’t move in. [10] Western Refining has been acquired by Tesoro another independent petroleum Refining and marketing corporation. In addition, US refineries have increasingly exported petroleum products to the EU. American petroleum refining largely grew out of oil shale refining. The Sturgeon Refinery. Irving Oil wasn’t the only company to express interest in purchasing the refinery. The logistics company will initially get all revenue through a 10-year, fee-based agreement with the parent Western Refining for pipeline, terminal and storage services it reported. The refinery closed in 1976 after the company went bankrupt. Perry Feltham, vice-president of the United Steelworkers Local 9316, would offer no comment when contacted by SaltWire. In 1980, the refinery was purchased for $10 million and restarted by Petro-Canada. [15], The competitive advantage of US refiners has been attributed to the lower price of American crude oil, as reflected by the Oklahoma-based index price West Texas Intermediate, versus the more expensive European-based index price Brent Crude. [16] The discount on US crude is partially attributed to the long-standing federal ban on exports of American crude oil. [17], On August 28, 2006, Western Refining bought Giant Industries (GI) for $1.23 billion in cash, creating the fourth-largest publicly traded independent oil refiner in the USA. 1 being least likely, and 10 being most likely. The refinery processes approximately 135,000 barrels of oil per day. As oil production increased, the oil shale refiners discovered that their refining process worked just as well with petroleum, and that petroleum was a cheaper raw material than shale oil. He said the closure of the refinery “will have a devastating impact on the whole Clarenville area. The refinery will be operated by NWU. [20] Some settlements have included promises to reduce toxic emissions. They lost much of their previous gasoline exports to the US, and also market share in the worldwide market to the newly competitive US refineries. The current capacity of the El Paso refinery is 128,000 barrels per day. It now has 300 miles of crude oil pipelines and gathering systems, and storage and terminal facilities for crude oil and fuel in West Texas and New Mexico.[25]. We are currently constructing Phase One of the first greenfield refinery in Canada since 1984. They also license Western branded fuel to other retail stores. As of January 2015, these three states contain 45% of all US refineries and 59% of all US refining capacity. [14] The largest net importers of US refined products in 2017 were, in descending order: Mexico, Brazil, Japan, China, and Singapore. [2] Although the US was the world's largest net importer of refined petroleum products as recently as 2008, the US became a net exporter in 2010, and in 2014 was the largest exporter and the largest net exporter of refined petroleum. The single largest concentration of refineries is along the Gulf Coast. The company retained its East Coast wholesale business and continued to market petroleum products in the Mid-Atlantic region, but focused its refining and most of its wholesale, retail, and marketing operations in the US Southwest. The future of the Come By Chance refinery is in question after the tentative deal to acquire the refinery by Irving Oil has fallen through. The subsidiary, formed as a limited partnership, will operate, develop, and acquire terminals, storage tanks, pipelines and other logistic assets, the company reported in a filing with the U.S. Securities and Exchange Commission. Until 2011 it was owned by Shell UK.The refinery is situated on the south bank of the Manchester Ship Canal, which is used to transport seaborne oil for refining and chemicals for Essar and Shell.. Stanlow has a refining capacity of 12 million tonnes per year with a barrel per day capacity of 296,000. Refineries Operable Capacity", "When was the last refinery built in the United States? This is the first phase of a project to provide greater transparency on the inputs and outputs of North … It proposed it could put all the employees at the refinery back to work and adapt the refinery operations “to a more environmental, social and governance focused plan. [19]. [12], Petroleum refineries recover elemental sulfur as a byproduct. [21] [11], The three largest-volume products of US refineries are gasoline, fuel oil (including diesel fuel and home heating oil), and aviation fuel, which together make up more than 84 percent of output. It's a shock, for sure." Some answers may come in meetings planned for the union membership on Tuesday. Western Refining (WNR) has been publicly traded on the New York Stock Exchange since January 2006 and is the fourth largest publicly traded independent refiner and marketer in the nation. The company, which is based in Baltimore, Maryland, noted that it had placed a bid in May to acquire all of NARL. The owner, Silverpeak, has invested substantially in the refinery, which is an asset for the province,” Parsons said in a statement. It also acquired pipeline access to Bakken and Canadian crude oil plus product terminals, storage tanks, rail facilities and Mississippi river dockage. In a statement, Premier Andrew Furey says the refinery is “an asset to this province, and one our government will maximize,” and echoed Parsons, saying the company is continuing to pursue options. [10] Although there are refineries in 30 states, just three states dominate US refining: Texas (47 operating refineries), Louisiana (19), and California (18). In 1994, Vitol Group purchased the refinery, and operating company North Atlantic Refining was started. The fees are expected to total almost $120 million next year, or 92 percent of its forecasted annual revenues of almost $131 million. Canadian Natural Upgrading Limited — a subsidiary of Canadian Natural Resources Limited — … "Everybody here is pretty worried. It's a shock, for sure.". Some former refinery sites are Superfund sites such as the Diamond Head Oil Refinery Superfund Site in Kearny, New Jersey. In 2014, the US exported 3.83 million barrels per day and imported 1.35 million barrels per day of refined petroleum, for net exports of 2.48 million barrels per day. "The agreement with NARL Holdings US LP for the purchase of the business commonly referred to as North Atlantic Refinery Limited has been terminated," confirmed Irving in a statement Tuesday morning. NWRP is a 50:50 joint venture (JV), which was formed in 2010 by North West Upgrading (NWU) and Canadian Natural Upgrading (CNU), a wholly-owned subsidiary of Canadian Natural Resources (Canadian Natural). My heart goes out to the workers and families affected by the closing of the Come By Chance Oil Refinery, with the loss of at least 500 direct jobs. [8] Since then, while some existing refineries have expanded, new refinery construction has faced significant barriers in environmental regulation, permitting, and local political opposition.

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