Category: Refining

Democrats float bill to keep Keystone XL oil in U.S.

House Democrats on Friday introduced legislation that would require oil from the Keystone XL pipeline to remain in the U.S. if it’s ever built, amid their concerns Gulf Coast refineries would export some crude after processing it.  More »

3 states offer big tax breaks for Shell Oil plant

Pennsylvania, Ohio and West Virginia are trying to top each other with the sweetest package of tax breaks for Shell Oil Co., which plans to build a huge new petrochemical refinery in the region.  More »

Tentative deal reached for refinery contract

Just before 8 pm, the United Steelworkers Union said it had reached a tentative deal with Shell, which took the lead for the industry in the talks  More »

Analyst: Permit denial’s impact ‘minimal’ if Keystone OK’d in 2013

The Obama administration’s denial of a permit wouldn’t have much impact on future U.S. crude imports from Canada if a new application can be approved by 2013, an energy analyst told Congress. But he added the permit’s denial nonetheless raises uncertainty about U.S. and Canadian supply growth.  More »

Gasoline prices on the rise as refineries close

Gasoline prices are rising steadily across the United States, but a third East Coast refinery closure could set up higher prices later this year.  More »

Pa. tax legislation could attract Shell refinery

New legislation in Pennsylvania could help the state compete with Ohio and West Virginia for a huge petrochemical refinery by offering millions of dollars in tax breaks for big businesses.  More »

U.S. refinery union says strike possible as contract deadline nears

The union representing more than 30,000 workers at refineries, terminals and pipelines throughout the U.S. warned members that a strike may be imminent as negotiations with the industry near a Feb. 1 deadline.  More »

Downtown tower named after LyondellBasell

Here’s one way to keep an office tenant from leaving: put its name on the building.  More »

Kinder Morgan predicts huge investments in natural gas pipelines

Kinder Morgan, the largest independent transporter of petroleum products in the U.S., is planning its pipeline growth around an inevitable shift to natural gas in the U.S., according to CEO Richard Kinder.  More »

Lack of pipelines drives price gap between Brent and WTI Index

The price differences between Brent crude oil and West Texas Intermediate (WTI) crude oil market prices are the result of a shortage of U.S. pipeline capacity and will continue to increase, according to energy pricing consultants.  More »

CVR gets stock boost from Icahn tie

CVR Energy Inc., the refining company formerly owned by Goldman Sachs Group Inc., rose the most in five months after announcing that entities associated with billionaire Carl Icahn invested in the company.  More »

SD judge asked to throw out oil refinery permit

Opponents of a proposed $10 billion oil refinery urged a judge Thursday to strike down a state permit that would allow the project to be built in southeastern South Dakota.  More »