Category: Refining

How virtual reality can help the oil industry’s worker shortage (video)

From a non-descript office in the Galleria area, it’s possible to walk around a refinery, an oil rig and even an offshore platform — thanks to high-tech tools taking advantage of virtual reality.  More »

Building Beyond a Bill

This week, the House of Representatives approved a bipartisan bill aimed at improving the construction of critical infrastructure across national borders. The bill, H.R. 3301, rejects the current requirements for a Presidential permit to authorize construction of cross-border pipelines, as well as easing overly harsh environmental impact assessments. Why is this important? The North American […]  More »

Militants fly their black flags over Iraq refinery

Sunni militants hung their black banners on watchtowers at Iraq’s largest oil refinery, a witness said Thursday, suggesting insurgents have ever-increasing stranglehold on the vital facility.  More »

Brazil energy giant buys $1.2B of pain in Texas

At least four federal investigations in Brazil are currently looking into Petrobras’ purchase of a Texas refinery and the decisions of officials including President Dilma Rousseff, the Petrobras chairman at the time of the purchase.  More »

Insurgents capture largest Iraq oil refinery

Abhishek Deshpande, oil markets analyst at Natixis, discusses the capture of Iraq’s largest oil refinery by ISIL insurgents and how it impacts oil production in Iraq and the global oil market.  More »

Trains full of crude boost US share in refiners’ mix

East Coast refiners are using less imported oil, as trains deliver crude from the prolific Bakken Shale in North Dakota.  More »

North American refiners beating European profits by $6 per barrel

North American refiners banked an extra $6 per barrel of oil processed compared to their European counterparts in the first quarter of 2014, continuing a three-year streak of significantly higher profits, according to a U.S. Energy Information Administration analysis of 26 companies.  More »

Phillips 66 says court supports Sweeny takeover from PDVSA

The International Chamber of Commerce’s Court of Arbitration last month upheld Phillips 66’s right to exercise a call option in 2009 and assume PDVSA’s interest in Merey Sweeny LP, Rich Johnson, a spokesman for the Houston-based refiner, said in an e-mail Wednesay.  More »

Koch Industries to buy PetroLogistics for $1.75B

Houston petrochemical supplier PetroLogistics said Wednesday it will sell itself to the refining arm of Koch Industries in a deal that will take it private for $1.75 billion.  More »

EPA Proposes new “residual risk” rule for refineries

Cross Posted from Center for Progressive Reform Blog: On May 14, 2014, the EPA proposed new rules to control “residual risk” from hazardous air emissions (such as from benzene) at the nation’s petroleum refineries.     The Clean Air Act requires the EPA to calculate whether or not residual risk to human health exists after […]  More »

Marathon Petroleum buys Hess retail for $2.87 billion

Marathon Petroleum Corp. (MPC) agreed to acquire Hess Corp.’s gasoline stations and retail business for a total of $2.87 billion, expanding its footprint to 23 states from nine.  More »

Shell considers retiring California coker amid shale boom

Royal Dutch Shell Plc, Europe’s biggest oil company, is considering retiring one of two coking units at its only refinery in California as the company seeks to run lighter crude at the plant.  More »
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