Category: Refining

Valero’s profit soars on better fuel margins

Higher margins for its fuels and more crude oil processed at its plants propelled Valero Energy Corp. to a 28 percent increase in net income in the first quarter, the company said Tuesday.  More »

Chevron banks on Mideast oil for Calif. refinery

Chevron Corp. plans to run higher- sulfur Alaskan and Middle Eastern crudes when it completes work at Northern California’s largest refinery in 2016, not the Bakken oil helping spur the U.S. path to energy independence.  More »

Futuristic cars push limits of fuel efficiency in Shell Eco-marathon (photos)

Futuristic cars will be driving on downtown Houston roads during the next few days, competing to travel the furthest on the least amount of fuel for the Shell Eco-marathon challenge.  More »

Marathon proposes Louisiana refinery expansion

Marathon Petroleum Corp. said it is taking the next step toward a potential $2.2 billion to $2.5 billion upgrade to the company’s Garyville refinery.  More »

US fuel exports soar to new milestone

The U.S. exported 3.5 million barrels per day of petroleum last year, the U.S. government reported Tuesday, a 10 percent increase from 2012.  More »

US exporting a ‘tidal wave’ of gasoline, other fuels

U.S. refiners are sending a “tidal wave” of gasoline, diesel and other refined products onto the world market, taking advantage of the surge in domestic oil development that has helped drive Gulf Coast crude stockpiles to record levels, according to a new report.  More »

Feds: Pipe tear caused oil refinery blast

A 2009 explosion at a northern Utah oil refinery that knocked a neighboring home off its foundation and singed dozens of others began with a corroded pipe that went years without proper inspection, federal investigators say.  More »

Valero can send oil back to Canada

San Antonio’s Valero Energy has received federal permission to send oil from Canada back to a refinery there.  More »

Moody’s: New Chinese plants could hamper global refining earnings

Cheap natural gas and oil supplies will give Gulf Coast refiners an edge in global markets, but over the next two years new plants coming online in China and the Middle East are poised to dampen worldwide demand for refined products like gasoline, according to a report released Monday.  More »

No more oil found near Indiana refinery spill (photos)

The Coast Guard says crews didn’t find any more oil during the latest search of the Lake Michigan shore following last week’s spill at BP’s northwestern Indiana refinery.  More »

Petrobras spending on Pasadena refinery snares Brazil finance minister in scandal

Brazil’s top finance official is being roped into a growing scandal over Petroleo Brasileiro SA’s $1.19 billion purchase of a Texas plant, the latest in a string of troubles plaguing the company’s money-losing refining unit.  More »

Exxon Mobil refinery receiving crude shipments again after channel closure

Exxon Mobil Corp.’s major refinery in Baytown can push its output of refined products back up again after a decline when the Houston Ship Channel closed for three days.  More »
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