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re: Any info on an explosion at Marathon Garyville?
Posted on 8/25/23 at 7:03 pm to Basura Blanco
Posted on 8/25/23 at 7:03 pm to Basura Blanco
quote:
Barbara and Bloomberg are the only "journalists" who butchered the meaning of shutting down a unit.. The actual press release from Marathon:
Barbara and Bloomberg probably have sources better than the PR release.
Not sure her normal coverage, but shutting in a well is a common term used in these reports.
This post was edited on 8/25/23 at 7:04 pm
1
Posted on 8/25/23 at 7:24 pm to fightin tigers
quote:
Barbara and Bloomberg probably have sources better than the PR release.
Maybe. Or maybe she just butchered the terminology. I tend to think it’s the latter considering the article specifically states “…after Marathon Petroleum Corp. said it was shutting the third largest US oil refinery...”
Unless there’s another public statement from Marathon, she is referring to the same press release.. and that’s not exactly what the press release says.
I’m not saying it’s impossible that a fire of this magnitude could lead to a full refinery shutdown but the Marathon press release seems pretty clear that they had not (at the time of writing) made that decision.
quote:
Not sure her normal coverage, but shutting in a well is a common term used in these reports.
Maybe I’m misunderstanding your point here, but that’s not at all a common term in relation to plant/refinery operations. “Shut in” is an upstream term that means closing off wells.
The actual phrasing she used (“shutting the refinery” with no further context*) is pretty ambiguous and, IMO, a bit irresponsible for an outlet like Bloomberg with a heavy focus on financial markets.
*Maybe there is further context in the article, but it’s paywalled so I can’t tell.
Posted on 8/25/23 at 7:30 pm to lostinbr
My only point was that she is writing the article for traders not for baws.
Posted on 8/25/23 at 8:13 pm to fightin tigers
quote:
My only point was that she is writing the article for traders not for baws.
Gotcha.
Just to be clear - even using “shutdown” in the temporary sense is not an accurate description of what Marathon actually said. A shutdown of “process of units closest to the fire” (what Marathon actually said) is very different than a shutdown of “the third largest refinery in the US” (what Bloomberg reported they said).
It’s arguably more irresponsible because they are writing the article for traders.. which is kind of what I was getting at in my post above.
Posted on 8/25/23 at 8:19 pm to lostinbr
quote:
It’s arguably more irresponsible because they are writing the article for traders..
True. Depends on what side of the market you are on as well.
New York Harbor prices moved long before the article or press release. You might could argue that their initial statement of it being a naphtha tank was a bit deceptive.
Posted on 8/26/23 at 8:44 am to notiger1997
quote:
Aren't they doing a renewable diesel project out there?
I asked about that in a thread on here a week or so ago and someone said it seems like that's going to get cancelled.
I think there is still some talk of some kind of integration work tied in with Shell Geismar, but it was just rumors.
The HEFA project is supposed to be moving forward. Shell did cancel/ suspend some additional units for now.
The word is the new ~$8 billion Shell Cracker plant in Pennsylvania isn't at production levels it needs to be performing at right now and Deer Park is still at reduced capacity from a fire that's costing a ton to fix.
There's a new unit being built at Geismar that will utilize some infrastructure at Convent.
The new CEO is focusing on profits and value generating investments as opposed to the previous CEO who was OK with dumping cash into "renewables" with little or no return.
Posted on 8/26/23 at 8:54 am to RemyLeBeau
2 stories 10 minutes apart
(Dow Jones) -- Marathon Petroleum said it is shutting some of the units at its Garyville, La., refinery as it works to fully extinguish a fire that broke out Friday morning.
The partial shutdown of the refinery, which at nearly 600,000 barrels a day of crude-refining capacity makes it one of the nation's largest refineries, is causing gasoline and diesel fuel prices to trade sharply higher in futures markets. Diesel futures settled 4.8% higher Friday at $3.31 a gallon, the highest closing price since Jan. 26.
"Out of an abundance of caution, the facility began a shutdown process of units closest to the fire this morning," Marathon said in an emailed statement. "As the fire-suppression efforts continue to progress, facility operations will continue to be evaluated, with safety as our top priority."
Bloomberg
Bloomberg) --Diesel futures surged to a seven-month high in New York after Marathon Petroleum Corp. said it was shutting the third largest US oil refinery following a blaze at a storage tank.
The fire at the Garyville refinery in south Louisiana was contained but ongoing late Friday afternoon, according to Marathon spokespeople. It’s the third blaze to strike the plant in less than a year. Parish officials have ordered residents within a two-mile radius to evacuate.
(Dow Jones) -- Marathon Petroleum said it is shutting some of the units at its Garyville, La., refinery as it works to fully extinguish a fire that broke out Friday morning.
The partial shutdown of the refinery, which at nearly 600,000 barrels a day of crude-refining capacity makes it one of the nation's largest refineries, is causing gasoline and diesel fuel prices to trade sharply higher in futures markets. Diesel futures settled 4.8% higher Friday at $3.31 a gallon, the highest closing price since Jan. 26.
"Out of an abundance of caution, the facility began a shutdown process of units closest to the fire this morning," Marathon said in an emailed statement. "As the fire-suppression efforts continue to progress, facility operations will continue to be evaluated, with safety as our top priority."
Bloomberg
Bloomberg) --Diesel futures surged to a seven-month high in New York after Marathon Petroleum Corp. said it was shutting the third largest US oil refinery following a blaze at a storage tank.
The fire at the Garyville refinery in south Louisiana was contained but ongoing late Friday afternoon, according to Marathon spokespeople. It’s the third blaze to strike the plant in less than a year. Parish officials have ordered residents within a two-mile radius to evacuate.
Posted on 8/26/23 at 8:59 am to hubreb
quote:
Bloomberg
Bloomberg) --Diesel futures surged to a seven-month high in New York after Marathon Petroleum Corp. said it was shutting the third largest US oil refinery following a blaze at a storage tank
Great reporting there
Posted on 8/26/23 at 2:08 pm to Deactived
Other than stock price BS, does anyone have any actual news from the field? I assume/hope the fire has to be out by now
Posted on 8/26/23 at 2:12 pm to Fatty Magoo
LINK
quote:Heard it was starting to effect two of the tanks near the original fire.
Parish officials provided an update Saturday at 9:13 a.m. that said, “While much of the fire has been extinguished, firefighters continue fire-suppression activities to address flare-ups. Intermittent smoke may be seen from the facility during this time.
“Fire suppression will continue until firefighting professionals are confident there is no risk of additional fire.”
Posted on 8/26/23 at 2:26 pm to hubreb
quote:
It’s the third blaze to strike the plant in less than a year
damn, bruh... wtf??
Posted on 8/28/23 at 5:12 am to Fatty Magoo
Other than stock price BS, does anyone have any actual news from the field?
I'm live near and I'm not hearing what happened.
I'm live near and I'm not hearing what happened.
Posted on 8/28/23 at 6:23 am to Icansee4miles
quote:
OSC wouldn’t let responders use foam. Once the fire started rolling down the ditches towards the butadiene spheres he turned them loose and they had it contained and largely ended in a couple of hours
Foam is by far the best option.
Posted on 8/28/23 at 9:33 am to OLDBEACHCOMBER
quote:
Other than stock price BS, does anyone have any actual news from the field? I'm live near and I'm not hearing what happened.
Not much on the news today about this
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