CVR Refining LP, the U.S. oil refiner controlled by billionaire investor Carl Icahn, raised $600 million in its initial public offering after pricing an increased number of units at the midpoint of the price range. More »
The world’s largest independent refiner says an expansion at its Houston plant will improve it capability to refine light, sweet crude from South Texas. More »
Phillips 66 has begun shipping crude by rail from North Dakota to a refinery in New Jersey in an effort estimated at more than $1 billion. More »
Tesoro is converting its Kapolei Refinery in Hawaii into a terminal, then will put it up for sale. More »
The oil tanker Overseas Reymar struck “a glancing blow” to a tower of the San Francisco-Oakland Bay Bridge after unloading crude at a Royal Dutch Shell refinery the day before.
Motiva Enterprises LLC shut down the 325,000-barrel-a-day crude unit at the Port Arthur refinery days after trying to restart it when a clamp that was modified to fix an earlier leak failed. More »
The pipe that fed a huge fire at Chevron’s Richmond oil refinery in August appears to have been punctured from the outside, possibly by company firefighters trying to get at a small leak before the blaze ignited, investigators said Thursday. More »
Work to more than double the capacity of a pipeline carrying crude oil from Cushing, Okla., to the Gulf Coast should be completed by the end of next week. More »
Refiners (S5OILR) from Tesoro Corp. (TSO) to Phillips 66 that gained as much as 86 percent this year are investing in pipelines for new revenue as margins for turning oil into gasoline narrow from record levels. More »
When the time comes for Valero Energy Corp. CEO Bill Klesse to relinquish his role as head of the giant refining company, the odds-on favorite to succeed him is company veteran Joe Gorder.
San Antonio-based NuStar Energy LP said Monday it has agreed to sell its San Antonio refinery and related assets to an Indianapolis-based master limited partnership for $115 million. More »
Phillips 66 said it will file an initial public offering for some of its transportation assets in 2013. The company also announced a $3.7 billion capital program for the year, 6 percent higher than 2012 spending. More »
A small fire and pipe leak occurred at the Motiva Enterprises Port Arthur refinery late Tuesday at its new and under-repair crude distillation unit.
Dow Chemical Co. (DOW), the largest U.S. chemical maker by sales, applied for a federal permit to build the company’s biggest ethylene plant as cheap natural gas gives manufacturers a cost advantage. More »
Hart Energy refining expert Terry Higgins says rapid growth of tight oil production in the U.S. will lead North America to petroleum independence within the decade, causing global oil prices to drop. More »