Category: Refining

Valero’s stock drops on project delays

Valero, the nation’s largest independent refiner, said its plan to expand hydrocrackers at its Port Arthur refinery and St. Charles plant in Louisiana would be delayed until 2018 instead of 2015.  More »

Shell names new oil refining chief

Royal Dutch Shell Plc (RDSA), Europe’s largest oil company, named John Abbott as refining director to succeed Ben van Beurden, who will become chief executive officer in January.  More »

Valero implores Obama administration to waive ethanol mandate

Valero Energy Corp., the world’s largest independent refining company, called on the Obama administration to waive the country’s biofuel target immediately, saying the cost to reach it has skyrocketed.  More »

BP heading to court over health claims at Texas City refinery

This week four of more than 48,000 residents who sued BP claiming health damage from the toxic gases that spewed from its Texas City refinery for 40 days in 2010 will be the first to have their day in court.  More »

BP Texas refinery neighbors seek billions at toxin trial

BP Plc (BP/) faces the first of almost 48,000 toxic exposure claims from neighbors of a Texas refinery who say they’ll give the billions of dollars in punitive damages they’re seeking to charity if they win at trial.  More »

Rail will be a lasting competitor against pipelines, EY says

While new pipeline projects may lessen the use of crude by rail transport to the Gulf Coast, railroads will continue to provide access to coastal refineries, becoming a permanent option for moving oil domestically, an EY Oil & Gas report said Wednesday.  More »

Tycoon plans Nigeria’s largest oil refinery

A company run by Africa’s richest man received a loan toward a $9 billion project that will give Nigeria its largest oil refinery and petrochemical and fertilizer complex, reducing the country’s reliance on international markets.  More »

Phillips 66 CEO praises Bartlesville contributions

The leader of Bartlesville’s largest employer praised the city and state of Oklahoma recently for its “rich heritage” and as a source of employee talent it provides to the company.  More »

China oil majors barred from expanding refineries

Environmental regulators have taken the unusual step of blocking China’s two biggest oil producers from expanding their refining capacity after they failed to meet targets for reducing pollution.  More »

Motiva’s largest crude unit could shut for a month after fire

Motiva Enterprises LLC’s Port Arthur, Texas, refinery, may keep its largest crude unit offline because vessels able to transport its output of vacuum gasoil are in tight supply, a person familiar with operations said.  More »

Valero’s convenience store spin-off reports slight revenue drop

Customers may see new soda and electronic cigarette offerings at some of CST Brands Inc.’s convenience stores as the San Antonio-based company aims to increase same-store sales in the second half of the year.  More »

At least 160 arrested at Richmond refinery protest

Richmond police have arrested more than 160 protesters for trespassing at a Chevron refinery as part of an environmental protest against the oil industry.  More »