Category: Refining

Libya Islamists seen capturing oil Field in quest for funding

The militia that captured the Al-Mabruk field Wednesday could be a local branch of Islamic State a spokesman of the national Petroleum Facilities Guard said.  More »

Strike negotiators back at the table Tuesday night

Negotiators broke off their talks late Saturday night when negotiations came to an impasse.  More »

LyondellBasell’s fourth-quarter writedown drags down record year

Lyondell did not mention an industry-wide labor strike by United Steelworkers that sent union members picketing the company’s U.S. headquarters in downtown Houston.  More »

United Steelworkers stage downtown Houston protest at LyondellBasell HQ

The strike against LyondellBasell’s refinery in Houston began early Sunday as part of a nationwide effort targeting nine plants nationwide, including five in the Houston area.  More »

Striking refinery workers resume negotiations with Shell

Shortly after midnight Sunday, workers struck at the LyondellBasell refinery in Houston, Marathon Petroleum’s Galveston Bay Refinery in Texas City and Shell Deer Park Refinery.  More »

Gasoline’s new price streak points upward

Gasoline prices have risen over the past week, mostly because of seasonal factors that typically send the price up in the final weeks of winter.  More »

Local union chapter and refiners far from deal, says union official

The gulf between local chapters of the union and Houston employers could complicate a deal to end the national strike that has had Steelworkers’s members picketing nine chemical plants and refineries across the U.S., five of which are in Houston.  More »

Workers at three local refineries on strike

Workers at three area refineries and two other local facilities went on strike early Sunday after the Steelworkers union failed to reach a contract deal with industry negotiators.  More »

Phillips 66 earnings up 39 percent

The company’s profits in its marketing and specialties division soared, rising from $105 million in the fourth quarter of 2013 to $367 million a year later.  More »

Union workers press their case for contract demands at Lyondell refinery

Current contracts expire at 12:01 a.m. on Feb. 1. for most of the 30,000 oil workers – including 5,000 in Houston – covered by the labor agreements. The United Steelworkers represent about 475 workers at the LyondellBasell Refinery.  More »

Sasol delays decision on $14 billion U.S. plant on oil drop

The facility was to be located next to an $8 billion ethane cracker in Lake Charles, Louisiana.  More »

Refining execs want to be heard on crude exports

“The implications of lifting restrictions on exporting domestic crude are less well known to lawmakers, much less the public,” said the executives from Alon USA, Monroe Energy, PBF Energy and Philadelphia Energy Solutions.  More »

Citgo said to plan $2.5 billion of debt for Venezuela dividend

Citgo Petroleum Corp. is planning to raise $2.5 billion and transfer the funds to its cash-strapped corporate parent, state-owned Petroleos de Venezuela SA, according to a person with knowledge of the matter, Bloomberg News reports.  More »

Beaumont event touts benefits of Keystone XL

Crude has long coursed from Canada to Oklahoma through the existing Keystone pipeline. Southeast Texas connected to that line in January last year when the Keystone XL southern leg ending in Nederland was complete, and Gulf Coast plants are already refining crude from Canadian fields.  More »

Shell scraps plans for multi-billion dollar petrochemical plant

Royal Dutch Shell won’t move forward with plans for a new petrochemical plant in Qatar, the company announced Wednesday morning.  More »
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