Category: Refining

BP’s Texas refinery sale shows volatile industry’s decay

BP Plc (BP/) may get less than half the $2.85 billion it planned for selling its Texas City refinery, the third-largest in the U.S., as values for U.S. plants haven’t kept pace with soaring profits.  More »

Fire at Venezuela refinery, lightning blamed

A fire that broke out at a Venezuelan oil refinery was apparently caused by a lightning strike, the country’s top oil official said Thursday.  More »

Phillips 66 CEO says exports will ease U.S. refining challenges

Despite growing focus on using exports of refined fuels to boost sales, CEO Greg Garland said Phillips 66′s future growth will be based in chemicals and natural gas processing.  More »

Analysis: Long-term renewable fuel waiver needed to bring down corn prices

Five state governors have asked federal regulators to relax the renewable fuel standards, but according to a new analysis, the short-term relief they are seeking won’t sufficiently lower corn demand and prices amid a drought that has devastated crops in the Midwest.  More »

PDVSA to restart catalytic cracker at Amuay Refinery today

Petroleos de Venezuela SA will restart the catalytic cracker at the Amuay refinery today after an explosion Aug. 25 halted operations at the country’s largest plant, said Rafael Ramirez, president of the state company.  More »

Excessive pollution reported at Baytown refinery

Exxon Mobil has reported inadvertent emissions of large amounts of pollutants at its flagship refinery near Houston.  More »

Phillips 66 to build global headquarters in West Houston

The new refining giant, which split from ConocoPhillips in May, will build its global headquarters in the Westchase District.  More »

Refinery closures won’t boost oil processing margins, OPEC says

The permanent closure of refineries, mainly in Europe and the U.S., is unlikely to boost profits from processing crude into fuels as capacity is added in other regions, according to the Organization of Petroleum Exporting Countries.  More »

Gulf Coast refineries look seaward for sales

When operators of Alliance refinery began efforts to shed the Louisiana facility in December, it became the latest in a string of U.S. refineries put on the block.  More »

Too few state oil refinery-safety checks

California regulators have not been conducting the intensive workplace-safety inspections of Chevron’s Richmond plant and the state’s 14 other oil refineries that federal standards call for, a Chronicle investigation shows.  More »

Refinery workers on list of disappearing jobs

Petroleum pump operators are expected to lose 6,200 jobs between 2010 and 2020, a 14 percent decline, according to the U.S. Bureau of Labor Statistics.  More »

Chavez backs oil minister after refinery blast

Venezuelan President Hugo Chavez defended his oil minister Wednesday, saying he has a solid record leading the industry for a decade despite a recent refinery explosion that killed at least 42 people.  More »