Brazil’s top finance official is being roped into a growing scandal over Petroleo Brasileiro SA’s $1.19 billion purchase of a Texas plant, the latest in a string of troubles plaguing the company’s money-losing refining unit. More »
Exxon Mobil Corp.’s major refinery in Baytown can push its output of refined products back up again after a decline when the Houston Ship Channel closed for three days. More »
The London oil company traced the oil leak to a glitch at its 1,400-acre Whiting facility on Monday afternoon. There were no injuries and the crude has stopped leaking, the company said. More »
The prospect that at least some vessels soon may resume travel through the Houston Ship Channel eased worries that an oil spill Saturday will threaten productivity from area refineries. More »
Originally built by the U.S. government to process fuel for Allied aircraft during World War II, Phillips 66′s Sweeny plant now is the largest refinery by capacity in the portfolio of Phillips 66, Houston’s biggest Fortune 500 company. More »
LAKE CHARLES, La. — The Justice Department wants a federal judge to fine Citgo Petroleum Corp. at least $197 million in a Clean Water Act enforcement lawsuit filed in a 2006 oil spill at the company’s Lake Charles refinery. The Advocate reports the Justice Department argued in court filings this month that the legal maximum […] More »
A Port Arthur refinery has agreed to implement innovative technologies to control harmful air pollution from industrial flares and leaking equipment while also paying a $350,000 fine for multiple violations of the Clean Air Act. More »
Chevron Corp.’s plan to upgrade its aging Richmond refinery won’t add to air pollution if the oil company follows all its proposed steps, according to a draft environmental report released Tuesday by the city. More »
The group’s founding members are all independent refiners: Dallas-based Alon USA Energy Inc.; Parsipanny, N.J.,-based PBF Energy, Delta Air Lines subsidiary Monroe Energy, based in Trainer, Pa.; and Philadelphia Energy Services.
Two contractors doing maintenance work at a Tesoro Corp.’s refinery in California suffered burns Monday when they were splashed with sulfuric acid, an accident that occurred in the same processing unit where two employees were burned by acid last month, officials said.
Nearly two years after a legal deadline to impose new greenhouse gas limits for oil refineries, those rules are far from reality, Environmental Protection Agency Administrator Gina McCarthy signaled Thursday. More »
growing need for transportation fuels in developing countries will stave off a peak in global oil demand over the next decade, despite shrinking oil use in the U.S. and other mature markets, panelists said Tuesday. More »
Valero Energy Corp. announced Monday that Bill Klesse, 67, has chosen to step down as CEO effective May 1. Klesse will remain a director and chairman of the board of Valero, the world’s largest independent refiner More »
2014 thus far has been more turbulent than usual for the US crude complex, as wickedly wintry weather has shaken up both supply and demand for the products like a snow globe (probably a bad turn of phrase). Just as gasoline demand has hit the brakes and heating oil demand has been simmering, the jet […] More »
The value of net refined fuel exports from the U.S. increased 55 percent in 2013 over the prior year, reaching $33 billion, according to the U.S. Energy Information Administration. More »