P66 converting Alliance refinery to terminal

Market: Oil products
08/11/21

Phillips 66 will convert its 250,000 b/d Alliance refinery in Louisiana into a terminal facility in 2022, after the facility was damaged and idled by Hurricane Ida in late August.

"We made this decision after exploring several options and considering the investment needed to repair the refinery following Hurricane Ida," said Phillips 66 chief executive Greg Garland. "Alliance's existing infrastructure and Gulf Coast location make it an attractive midstream asset. Phillips 66 will continue to be a major refiner with 12 facilities in the US and Europe." Phillips 66 reported a $1.3bn third quarter impairment for Alliance, which was shut ahead of Ida's landfall in Louisiana on 29 August and remained mired in flooding and flaring weeks afterward in its third quarter earnings. The refinery in Belle Chasse was reduced to a carrying value of $200mn on the company's asset sheet after factoring storm damages. The storm's timing was less than ideal for the company, as Phillips 66 confirmed a desire to sell the facility just days before Ida's arrival. The company acknowledged on 29 October that it was assessing other potential uses for the facility.

By Dylan Chase

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Western Australia to add 8mn litres to gasoil reserve

24/04/26

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24/04/26

Western Australia to add 8mn litres to gasoil reserve

Sydney, 24 April (Argus) — The government of Western Australia (WA) will buy an additional 8mn litres (50,314 bl) of gasoil for its strategic fuel reserve, it said on 23 April, increasing the state-owned stockpile to 12mn litres (75,471 bl). The additional 8mn litres was offered by miner Rio Tinto and will be purchased from its supplier Viva Energy. The volumes are incremental to WA's normal fuel imports and will be stored in Esperance and Kwinana. The extra supply will allow it to redirect fuel to priority users, including the agricultural sector in the Wheatbelt and Great Southern regions, if required, the government said. WA announced plans to create its own strategic reserve of gasoil , separate from the national stockpile, earlier this month. An initial 4mn litres of gasoil for the strategic reserve was bought from independent supplier Cambridge Gulf and is stored at Wyndham in the Kimberley region, where it is expected to support power generation in remote communities. By Tom Woodlock Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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P66 moves US oil on foreign ship after Jones Act waiver

23/04/26

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23/04/26

P66 moves US oil on foreign ship after Jones Act waiver

Houston, 23 April (Argus) — Independent refiner Phillips 66 has shipped oil from the US Gulf coast to the US east coast on a foreign-flagged ship, taking advantage of a waiver of the Jones Act. A Malta-flagged Panamex vessel loaded about 300,000 bl of Bakken crude on 3-5 April at Phillips 66's Nederland terminal in Texas and delivered it to Monroe Energy's 190,000 b/d Trainer refinery in Pennsylvania on 17-18 April, according to ship-tracking data from Kpler. Monroe Energy is owned by Delta Air Lines. The tanker is currently empty and scheduled for another US-to-US shipment starting 28 April, according to Kpler. A Phillips 66 spokesman declined to comment on the shipment saying that the company does not discuss commercial activities. The shipment took advantage of a 60-day Jones Act waiver issued on 17 March. President Donald Trump approved the waiver of domestic shipping requirements under in an attempt to ease a spike in commodity prices caused by the war in Iran. The temporary waiver allows shippers to transport crude, natural gas, natural gas liquids, fertilizer, coal and other energy-related products from one US port to another without using US-built, US-crewed and US-flagged ships, as the 1920 Jones Act requires. By Eunice Bridges and Amanda Hilow Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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Antwerp bunker sales overtake Rotterdam: Correction

23/04/26

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23/04/26

Antwerp bunker sales overtake Rotterdam: Correction

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Middle East crisis bolsters case for fossil fuel shift

23/04/26

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23/04/26

Middle East crisis bolsters case for fossil fuel shift

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