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Eisenhower ordered American oil companies to refuse to refine Soviet oil and then the Cuban government nationalized the refineries as a result. Following the successful Cuban Revolution (1953–59), a socialist state was established in Cuba. In total, Cuba nationalized roughly 6,000 American owned properties. [4]
Due to the great surge in American production of oil, natural gas, and natural gas liquids since 2008, those products have been cheaper in the North American market than worldwide, giving American refiners a major cost advantage. [17] The discount on US crude is partially attributed to the long-standing federal ban on exports of American crude oil.
None of the three found commercial quantity of oil or gas, which jeopardized Cuba's hope to find hydrocarbons to boost its economy, and prompted Repsol to relinquish its concessions in this country [10] The planned departure of the only deep-water drilling rig available in the fall of 2012 set the detailed exploration program necessary back for ...
Marathon Petroleum purchased its original 84,000 bpd Texas City Refinery from Plymouth Oil Company in 1962. What remains operating today is an integrated part of the Galveston Bay Refinery, nicknamed Bay Plant. It was established in 1931 by Republic Oil Refining Company and sold to Plymouth Oil Company in 1957. [2] In 2005, the refinery could ...
Billionaire Warren Buffett's company keeps buying shares of Occidental Petroleum, and Berkshire Hathaway now controls more than 25% of the oil producer. A new filing with the Securities and ...
Husky Oil headquarters in Calgary. Husky Energy Inc. was a Canadian company engaged in hydrocarbon exploration, headquartered in Calgary, Alberta, Canada.It operated in Western and Atlantic Canada, the United States and the Asia Pacific region, with upstream and downstream business segments.
PBF's refineries in Paulsboro (NJ) and Delaware City (DE) have been cited by environmentalists for processing crude oil from the Amazon River Basin in South America. In 2015, the Delaware City and Paulsboro refineries were processing more than 3,300 and 2,666 barrels per day of crude originating in the Amazon, respectively. [ 13 ]
Hess Oil Virgin Islands Corporation started refinery construction in January 1966 having purchased the property from Annie de Chabert and, in October of the same year, the refinery started operating. [4] In 1974, the capacity of refinery was expanded up to its peak at 650,000 barrels per day (103,000 m 3 /d). Hovensa LLC, which took over the ...