Category: Refining

BP reports fire at Texas City refinery

A fire has been reported in a section of BP’s Texas City refinery. There were no immediate reports of injuries.  More »

Chevron’s Indonesia unit starts $500 million steam-flood project

Chevron Corp. (CVX)’s Indonesian unit, the nation’s largest producer of crude, started a $500 million expansion of the project at Sumatra’s Duri field.  More »

LyondellBasell to pay dividends more often after gas boom

LyondellBasell Industries NV (LYB), the biggest maker of polypropylene plastic, plans to pay special dividends more often as a boom in U.S. natural gas production reduces costs and helps generate excess cash.  More »

Investor: Contracts show Lake Charles plant moving

A $2.5 billion chemical plant may be getting closer to reality in Lake Charles.  More »

Phillips 66, NuStar, Hess Cut refinery output as Sandy nears

Phillips 66, NuStar Energy LP and Hess Corp. are shutting or reducing output at their New Jersey refineries as a precaution ahead of landfall by Hurricane Sandy, which may become the worst storm to hit the U.S. East Coast in 100 years.  More »

Texas leads nation in energy use, feds say

The U.S. Energy Information Administration’s new interactive data portals show that the Lone Star State leads the nation in both producing and using energy,  More »

At the pump: From high to not quite so high

The national average for a gallon has fallen 12 cents over the past week, according to AAA.  More »

Valero may look to shed California refineries

In last year’s third quarter conference call with analysts, Valero Chairman, President and CEO Bill Klesse said, “We’re looking at our options,” regarding the California refineries, but didn’t elaborate on what those options might be.  More »

2nd worker in Oklahoma refinery explosion dies

CVR officials have said the explosion occurred as the boiler was being restarted following scheduled maintenance and upkeep, which resumed the following day.  More »

Shale bounty presents transportation challenge

The U.S. needs billions of dollars in new infrastructure to process and transport the bounty from the Eagle Ford shale and other unconventional oil plays.  More »

With a dearth of pipelines, U.S. oil exports rising

Instead of protesting fossil fuels, what the tree-sitters in East Texas are doing is ensuring that drilling in the U.S. will continue, but the economic benefits from it will be sent somewhere else.  More »

Tesoro California refinery swap proposed

esoro proposed selling its 97,000 barrel-a-day Wilmington refinery to overcome any government antitrust opposition to the acquisition, according to a company filing. Adding BP’s 266,000 barrel-a-day Carson refinery would double Tesoro’s California market share, making it the state’s largest crude processor with control of 25 percent of refining capacity, according to data compiled by Bloomberg.  More »

Tax break meant to spur new refinery construction

A tax break for oil that’s processed in North Dakota would help make new refineries profitable and would pay for itself though increased economic growth, a developer told state lawmakers.  More »

Steffy: BP refinery sale offers a chance to move on

With the new owner comes the hope that the future may finally eclipse the past.  More »

Calif. gas prices hit record high 2nd straight day

California motorists faced another day of record-breaking gasoline prices Sunday, though relief appeared to be on the way.  More »
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