Category: Refining

Shell says profits doubled due to higher oil prices

Net income increased to $7 billion from $3.5 billion a year earlier thanks to higher oil prices, although overall production fell 2 percent.  More »

Investors look ahead to ConocoPhillips split

Net income dropped, but analysts and investors have their eyes on ConocoPhillips’ upcoming refining/E&P split.  More »

Indian refining giant to bid for Valero, British newspaper says

An energy and manufacturing conglomerate based in India is set to make a bid for San Antonio refiner Valero Energy Corp., a British newspaper reported Wednesday.  More »

Net income falls at ConocoPhillips due to asset sales, production drop

The Houston company had third-quarter net income of $2.6 billion compared to $3.1 billion a year ago. Including one-time charges and gains the numbers were $3.5 billion this year and $2.2 billion a year ago.  More »

TransCanada: We contribute to Houston’s economy

TransCanada, seeking approval for its Keystone XL pipeline, highlighted its contributions to the area Houston economy at a weekend event.  More »

Houston refiner pleads guilty to environmental crimes *update*

A kiddie pool, a flare gun from Walmart and bypassed emissions controls were all part of normal operations at a Lake Charles, La. refinery owned by Houston-based Pelican Refining, according to the EPA. The company has agreed to pay a $12 million fine for environmental regulations and lying to investigators.  More »

Cybercrime becomes bigger threat to energy industry than terrorists

In the past energy industry security was all about terrorist threats to facilities and overseas kidnappings. These days cyber espionage is the bigger problem.  More »

Groups sue Obama for scrapping stricter smog limit

Environmental groups sued the Obama administration today for scrapping a stricter limit for smog-forming pollution, saying the decision violated the law and put politics ahead of protecting public health.  More »

Oil sheen found on Yellowstone near Exxon refinery

A spokeswoman for the Exxon Mobil refinery in Billings says workers are cleaning up a small oil sheen found in a side channel of the Yellowstone River in Billings.  More »

NuStar Energy invests millions in San Antonio refinery

NuStar Energy LP is five months into its plan to transform the only refinery in San Antonio’s city limits and its officers say they’ve made significant advances in upgrades and safety at the plant.  More »

TNMP to Valero: What we have here is a failure to communicate

The company that runs the power lines supplying Texas City’s vast refining complex said it is taking measures to deal with ongoing power outages that have hit the facilities this year.  More »

Fire out at Shell refinery in Singapore

A fire that engulfed parts of Royal Dutch Shell’s 500,000 barrel-a-day oil refinery in Singapore for two days has been extinguished, the company said.  More »

Explosions rock Shell’s Singapore refinery

Royal Dutch Shell Plc will shut its biggest refinery over the next two days on an island off Singapore as firefighters battle a blaze for a second day, the worst fire at the site in 23 years.  More »

Valero calls on grid operator to shape up in Texas City

Refineries in Texas City have been hit by power grid failures repeatedly this year, leading to equipment outages and flaring. Valero CEO Willaim Klesse says enough is enough.  More »

ConocoPhillips seeking buyer for Pa. refinery

ConocoPhillips is seeking a buyer for a Pennsylvania refinery and its associated pipelines and terminals, the company said this morning.  More »