Category: Refining

Statoil says mongstad refinery unaffected by labor strike

Statoil ASA (STL) said its Mongstad oil refinery is unaffected by a government workers strike that broke out in Norway.  More »

BP agrees to $8 million fine in connection with refinery violations

BP Plc was sued by the U.S. over alleged violations of the Clean Air Act at its Whiting, Indiana, refinery and failure to monitor and report the plant’s emission levels.  More »

Technip CEO says technology buy means new U.S. opportunities

Technip’s purchase of key process technology will give it a chance to pursue new opportunities in the U.S., its CEO says. It also will gain 500 employees in Houston.  More »

Cushing-to-Gulf Coast pipeline reversal completed

Owners of the Seaway project said the pipeline will begin carrying up to 150,000 barrels of crude per day to the Gulf Coast refining market this weekend.  More »

Petrobras returns unit to service at Pasadena refinery

Petroleo Brasileiro SA (PETR4)’s Pasadena, Texas, refinery’s fluid catalytic cracker is back in service after it was shut down over the weekend following a power failure.  More »

3 critically injured in Sinclair refinery fire

The initial investigation into a flash fire that critically injured three workers at the Sinclair oil refinery near Rawlins found that the workers were wearing special fire resistant clothing, but details on what might have caused the fire aren’t yet available.  More »

Valero may have buyer for Aruba plant

Valero Energy Corp. said an interested party may be interested in buying its Aruba refinery for $350 million, plus working capital, according to a regulatory filing.  More »

Tesoro Logistics earned $11.6 million in first quarter

Tesoro Logistics’ 37-cent earnings per unit met analysts’ expectations.  More »

Valero CEO says gas prices likely have peaked

The Eagle Ford shale formation will put out 500,000 barrels of crude oil a day by the end of the year, Valero Energy Corp. (VLO) Chief Executive Officer Bill Klesse said after the company’s annual meeting in San Antonio.  More »

Phillips 66 launches, CEO touts refining business

Phillips 66 will implement several strategies to improve refining profits, including focusing on higher-yield diesel, said CEO Greg Garland.  More »

ConocoPhillips split becomes official as company ‘shrinks to grow’

Global oil giant ConocoPhillips splits into two smaller energy companies Tuesday, abandoning the super-major model that its retiring leader helped engineer a decade ago.  More »

Delta buys a refinery in bid to cut its fuel bill

Delta estimates the deal will cut its fuel bill by $300 million a year.  More »

Energy Transfer to buy Sunoco to add oil, gas logistics

Energy Transfer Partners LP (ETP) agreed to buy Sunoco Inc. (SUN) for $5.3 billion in shares and cash to add oil transportation and distribution assets.  More »

Sunoco closing to leave 2 refiners with 86% of East Coast market

Gasoline prices from Florida to Maine will probably rise after Sunoco Inc. (SUN)’s planned closing of a Philadelphia refinery this year makes the market less competitive, the American Antitrust Institute said.  More »

Detroit homeowners consider Marathon buyout offers

Marathon Petroleum Co. says the owners of most homes that it wants to buy near its southwest Detroit oil refinery are considering the company’s offer.  More »