Category: Refining

Tesoro plans to sell its Hawaii refinery

San Antonio-based refiner Tesoro Corp. said Tuesday that it plans to put its Hawaii operations on the auction block, including its Kapolei refinery, 32 retail stations and all assets related to those operations.  More »

Marathon Petroleum expects net loss for fourth quarter

The refining company, which split from Marathon Oil last year, said rising crude oil prices hurt its profits in the final months of 2011.  More »

Exports fuel record year for U.S. diesel production

European demand for diesel led to record exports and depleted domestic inventory of distillate fuels by 13 million barrels in the last quarter of 2011, according to a federal report.  More »

Gulf Coast working to fill a fuel void in Northeast

Northeastern states are slated to lose half of their regional capacity for fuel production by midyear as financial woes push refineries there to idle, a trend likely to increase the region’s dependency on Gulf Coast supply.  More »

Petroplus shuts three refineries as credit freeze halts supplies

Petroplus Holdings AG, Europe’s largest independent refiner by capacity, will suspend operations at three plants in the region after banks froze $1 billion of the company’s loans, cutting crude supplies.  More »

Feds: More Gulf Coast fuel needed to supply Northeast

Plans to idle three major Pennsylvania refineries could leave the Northeast starved for gasoline and other fuels, according to a report released by the Energy Information Administration.  More »

BP recovers refinery tank from Puget Sound

Workers have recovered a 475-ton steel tank that fell into the northern Puget Sound two weeks ago on the way to a BP refinery near Ferndale, Wash.  More »

Seaway pipeline reversal project announces open season

The joint venture of Enterprise Products Partners and Enbridge Inc. to carry oversupplied crude at the Cushing hub to Gulf Coast refiners will begin seeking customer commitments next month, the companies said.  More »

Judge approves $12M in penalties for refinery co.

A federal judge in Lafayette approved a $10 million fine and $2 million in community service payments to be paid by Texas-based Pelican Refining Company LLC for felony violations of the act and obstruction of justice.  More »

Fog halts 92 ships at Houston, Sabine ship channels in Texas

About 92 vessels are waiting to pass through the Houston and Sabine ship channels in Texas after fog hampered visibility, according to the U.S. Coast Guard and a pilots group.  More »

Appeals filed in CITGO fine

CITGO Petroleum Corp. and the U.S. Justice Department have appealed a recent judge’s ruling that the company pay $9 million in a lawsuit the government brought over a major 2006 oil spill at the company’s Lake Charles refinery.  More »

Tesoro secures oil supply for Utah refinery

San Antonio-based refiner Tesoro Corp. announced yesterday that it will invest $180 million on a capital project at its Salt Lake City refinery that will expand its crude oil processing capacity by 7 percent.  More »

Valero sues insurer for rejecting costs of gasoline pollution complaints

Valero says Steadfast Insurance should have covered the refiner’s $45 million in legal costs related to complaints that a gasoline additive polluted groundwater.  More »

ConocoPhillips to increase capital spending to $15.5 billion in 2012

In addition to increasing its capital spending, ConocoPhillips announced Friday that it will repurchase up to $10 billion in common stock, funded by its ongoing asset sales.  More »

Sunoco idles Pa. refinery, 490 layoffs expected

Sunoco said it will idle a suburban refinery and lay off about 490 employees because of deteriorating market conditions.  More »
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