Valero Energy Delays Its Louisiana Refinery Expansion Project To 2012

Anonymous User | Login

Valero Energy Delays Its Louisiana Refinery Expansion Project To 2012

Published: 18-Sep-2009

Valero Energy Corporation (Valero Energy) has postponed the expansion of a crude unit and coker at its refinery in St. Charles, Louisiana until 2012, Bloomberg reported. The $250 million worth expansion, scheduled for early 2010, was delayed on weak refining margins. The project would expand crude processing capacity by 45,000 barrels a day and coking capacity by 10,000 barrels a day.

Valero Energy has postponed $1.7 billion in projects until 2012 at its refinery in St. Charles. Delayed projects comprise of an upgrade of a catalytic cracker and addition of a hydrocracker at the refinery, which can process 250,000 barrels a day, according to data compiled by Bloomberg.

“Valero Energy has postponed several capital projects in order to free up cash on our balance sheet,” Valero Energy spokesman, Bill Day said in an e-mail.

The company on April 28, 2009 said it rescheduled the St. Charles crude unit and coker expansion to the first quarter of 2010 from the fourth quarter of 2009. It also shelved the $225 million overhaul of a catalytic cracker at the plant that would have increased output by 5%.

Angola's LNG Plant To Start Shipping Gas In January 2012

Angola's Oil Minister, Jose Botelho de Vasconcelos said that the country's first liquefied natural gas (LNG) plant is set to start exporting gas in January 2012, Reuters ...

ACCC Proposes To Allow Joint Marketing Of Gas By Gorgon Gas Project Partners

Australian Competition and Consumer Commission (ACCC) has issued a draft decision proposing to allow joint marketing of natural gas to customers in Western Australia by t ...

Australia's Gorgon LNG Project Construction Underway: Energy Minister Says

Australia's Resources and Energy Minister, Martin Ferguson said that construction on the AUD43 billion ($37 billion) Gorgon liquefied natural gas (LNG) project in northwe ...

Mustang Announces New Global Automation Agreement With Chevron

Mustang, a part of John Wood Group PLC, has been selected as a main automation contractor for Chevron Corporation’s (Chevron) Global Upstream business units in an agreeme ...

Chevron, MOECO Submit Bids To Explore Offshore Area IV

Chevron Corporation (Chevron) and Mitsui Oil Exploration Company (MOECO) have submitted their applications to the Cambodian National Petroleum Authority (CNPA) to explore ...

Norway Receives Applications From 44 Companies For APA 2009

By the deadline for applications in the Awards in Predefined Areas (APA) 2009 on the Norwegian continental shelf (NCS), the Ministry of Petroleum and Energy has received ...

Chevron, KOGAS Sign Agreement For Gorgon LNG

Chevron Corporation (Chevron) announced that its Australian subsidiaries have signed a heads of agreement (HOA) with the Korea Gas Corporation (KOGAS) for 1.5 million met ...

KBR Joint Venture Wins EPCM Contract For Gorgon LNG Project In Australia

KBR, Inc. (KBR), an engineering, construction and services company, announced that Kellogg Joint Venture Group (KJVG) has been awarded by Chevron Australia Pty Ltd (Chevr ...

PetroChina To Build Oil Refinery In Shangqiu, Central China

PetroChina Company Limited (PetroChina) will construct a 10-million-tons per year refinery in Shangqiu, central Henan region, Xinhua News Agency reported. The company is ...

Chevron Makes Final Investment Decision To Construct Gorgon Natural Gas Project In Australia

Chevron Corporation (Chevron) announced that its subsidiary, Chevron Australia Pty Ltd, will proceed with the development of the Gorgon natural gas project, offshore West ...

Network Sites

Clean Technology Carbon Coal Fossil fuel Hydro Nuclear Refining and Petrochemicals Transportation and Storage Solar Utilities Network Utilities Retail Wind Biofuel Uranium and Plutonium Exploration and Development Drilling and Production

Mail sent successfully

Tell your friend about this article

Please enter a valid email address

Please enter your name

Please enter the mail body

Your Name: *

Your Email: *

Friend's Email: *

Email Body: *: I thought you would be interested in this article : http://oilgasrefining.energy-business-review.com/news/valero_energy_delays_its_louisiana_refinery_expansion_project_to_2012_090918/

Suppliers To This Sector

Browse A-Z

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

RPI

Energy Industry Research ...

CWC School for Energy

Energy Training Courses ...

Parker Filtration and Separation

Compressed Air Treatment and Sample Filtration ...

ATI Stellram

High-Performance Metal Cutting Tools ...

Royal Academy of Engineering

Britain's National Academy for Engineering ...

CEPMLP

Centre for Energy, Petroleum & Mineral Law & Policy ...

White Papers

Browse A-Z

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Related Companies

PetroChina Company Limited

PetroChina Company Limited (PetroChina) is an integrated energy company. It is present ...

TOTAL S.A.

TOTAL S.A. (TOTAL) is an integrated oil and gas company. It engages in all aspects of t ...

Frontier Oil Corporation

Frontier Oil Corporation (Frontier) is an independent energy company. Frontier is engag ...

Motiva Enterprises LLC

Motiva Enterprises LLC (Motiva Enterprise) is an energy services company. It is engaged ...

Lyondell Chemical Company

Lyondell Chemical Company (Lyondell Chemical) is an independent chemical company. The c ...

Suppliers Product News

CIS Natural Gas: Outlook for International Impact

ATI Stellram: Reliable Solutions for Better Efficiency and Longer Tool Life

The machining of stainless steel and high-temperature alloys used in the manufacture of power generation components is usually fraught with two major problems: achieving consistent levels of productivity and maximising tool life.

New Drill Design Boosts Tool Life and Lowers Costs

A new drilling tool design developed by ATI Stellram has significantly boosted productivity and reduced costs at Young Touchstone, one of the world's leading manufacturers of industrial heat exchangers.

New Milling Tool for Difficult-to-Machine Materials

Higher speed and feed rates are the hallmarks of ATI Stellram's redesigned 5505VX ball nose milling tool, which is specially designed for use on a range of difficult-to-machine materials.

Call for Entries to Steve Weston Prize

CEPMLP is calling for entries to the Steve Weston Prize, an annual essay competition on oil and gas law administered by Energy, Petroleum, Mineral and Natural Resources Law and Policy Education Trust

Kaj Hobér Appointed Professor of International Law at University of Dundee

Acclaimed international arbitration lawyer and expert in east European law Professor Kaj Hobér has been appointed professor of international law at the University of Dundee's Centre for Energy, Petroleum and Mineral Law and Policy (CEPMLP).

Free Newsletter Sign-up

Sign up, and we will send you a free Energy Report on 'Energy Security Threats & Key Issues for Global Oil & Gas Industry' from GlobalData worth $750

Valero Energy Delays Its Louisiana Refinery Expansion Project To 2012

Published: 18-Sep-2009

Related Articles

Network Sites

Mail sent successfully

Tell your friend about this article

Suppliers To This Sector

Energy Industry Research ...

Energy Training Courses ...

Compressed Air Treatment and Sample Filtration ...

High-Performance Metal Cutting Tools ...

Britain's National Academy for Engineering ...

Centre for Energy, Petroleum & Mineral Law & Policy ...

White Papers

Related Companies

PetroChina Company Limited (PetroChina) is an integrated energy company. It is present ...

TOTAL S.A. (TOTAL) is an integrated oil and gas company. It engages in all aspects of t ...

Frontier Oil Corporation (Frontier) is an independent energy company. Frontier is engag ...

Motiva Enterprises LLC (Motiva Enterprise) is an energy services company. It is engaged ...

Lyondell Chemical Company (Lyondell Chemical) is an independent chemical company. The c ...

Suppliers Product News

The machining of stainless steel and high-temperature alloys used in the manufacture of power generation components is usually fraught with two major problems: achieving consistent levels of productivity and maximising tool life.

A new drilling tool design developed by ATI Stellram has significantly boosted productivity and reduced costs at Young Touchstone, one of the world's leading manufacturers of industrial heat exchangers.

Higher speed and feed rates are the hallmarks of ATI Stellram's redesigned 5505VX ball nose milling tool, which is specially designed for use on a range of difficult-to-machine materials.

CEPMLP is calling for entries to the Steve Weston Prize, an annual essay competition on oil and gas law administered by Energy, Petroleum, Mineral and Natural Resources Law and Policy Education Trust

Acclaimed international arbitration lawyer and expert in east European law Professor Kaj Hobér has been appointed professor of international law at the University of Dundee's Centre for Energy, Petroleum and Mineral Law and Policy (CEPMLP).

Free Newsletter Sign-up

Business Review Sites: