Storage tanks at Kinder Morgan's BOSTCO terminal project on the Houston Ship Channel. (source: Kinder Morgan)

Kinder Morgan to double size of condensate facility

Kinder Morgan will double the size of a new Houston condensate processing facility, adding another $175 million in investment because of added demand from BP.
A unicyclist rides pass a gasoline pricing sign in Portland, Ore. (AP Photo/Rick Bowmer)

Obama rule would slash gasoline emissions, raise prices

The Obama administration on Friday formally unveiled a plan to throttle the amount of sulfur emissions allowed from gasoline, raising concerns about rising gas prices.
(AP Photo)

Diesel exports from US rising as plant maintenance winds down

Exports of diesel fuel from the U.S. Gulf Coast are poised to climb as refineries returning from maintenance boost production, widening the price gap between the Gulf and Europe.
Categories: Refining
A view of tanks inside a processing facility at Suncor's Millennium oil sands project in Alberta, Canada. (Jennifer A. Dlouhy  /Hearst Newspapers / The Houston Chronicle )

Gulf Coast refineries good place for Canadian crude, IHS analysts say

Building brand new facilities in Canada to upgrade the tar-like bitumen harvested in Alberta is a costly investment that no longer pays off, especially since many refineries in Texas and Louisiana are already capable of processing the fossil fuel or can be more cheaply modified to do so, analysts say in a new report.
(Phillips 66)

Phillips 66 announces IPO for midstream assets

Phillips 66 has registered for an initial public offering for a midstream partnership, following up on an announcement that CEO Greg Garland had previously made to investors and analysts.
The Valero Refining Company, in Corpus Christi. (AP Photo/Paul Iverson)

Barclays calls refineries top stocks for 2013

Refining stock prices are undervalued by about 50 percent, Barclays wrote in a 2013 Global Energy Outlook issued on Wednesday. But the investment bank cautioned investors on Big Oil stocks, amid declining production.
A protester identified as Perry Graham displays a banner from the flagpole at the downtown offices of LyondellBasell, opposing a refinery expansion that would process Canadian crude transported in the Keystone XL Pipeline. (Nick de la Torre/Houston Chronicle)

Protester unfurls anti-Keystone banner at refiner’s office

A man climbed a flagpole in front of LyondellBasell’s downtown Houston office in protest of a refinery expansion related to the Keystone XL pipeline.
(San Antonio Express-News)

Valero confirms retail spinoff set for mid-year

Valero Energy Corp.’s planned spinoff of its retail stores remains on track to occur during the second quarter, pending IRS confirmation that its shares can be treated as a tax-free distribution to shareholders, Valero Chief Financial Officer Mike Ciskowski said Tuesday.
(AP file photo/John Moore)

Saudi Aramco to become lead oil refiner, chief says

Saudi Arabian Oil Co., the world’s biggest crude exporter, also expects to become the top producer of refined products such as fuel and petrochemicals, according to Khalid al-Falih, the company’s chief executive.
A Sinopec gasoline station. (Frederic J. Brown/AFP/Getty Images)

China revises fuel-price controls

The new mechanism will mean more-frequent fuel-price revisions that better reflect movements in the global crude market and reduce speculation, the NDRC said in the statement. It may also curb processing losses at the nation’s oil companies.