Category: Refining

Newspapers: Fishwrap, birdcage liners, and now fuel!

A new bacterial strain discovered by Tulane University researchers seems to be effective in turning cellulose — including old newspapers — into butanol, a gasoline substitute.  More »

Plea deal possible in oil trader case?

Clyde Meltzer and Bernard Langley are scheduled to go to trial this November for their roles in an alleged oil shipments kickback scheme. A filing from the federal government hints that a plea deal may be in the works for the two men, however.  More »

Refineries likely to shut as Hurricane Irene nears

East Coast refineries are likely to close in advance of Hurricane Irene’s arrival this weekend, analysts say. The shutdowns are already boosting gasoline prices.  More »

Texas City power problems lead to refinery flares *update*

Brief power outages in Texas City have led to flaring at area refineries. Shelter-in-place warnings are not in effect at this time, according to a public notice.  More »

Valero restarts one crude unit at its Memphis plant

San Antonio-based refiner Valero Energy Corp. launched a restart of one of two crude distillation units Thursday at its Memphis, Tenn., refinery, the company said.  More »

Feds to invest up to $510M in biofuels for military, commercial uses

Under the plan, the U.S. Departments of Agriculture, Energy and Navy will partner with private industry to jointly contruct or retrofit existing biofuel plants and refineries, with the goal accelerating output of renewable jet and diesel fuels, the White House said.  More »

Cheap shale gas means Dow leads record expansion in the U.S.

Dow Chemical Co. spent a decade moving chemical production to the Middle East and Asia. Now it’s leading the biggest expansion ever seen back home in the U.S. as shale gas revives the industry’s economics.  More »

Proposed refinery gets key permit from EPA

Sen. John Hoeven says the Environmental Protection Agency has approved a key permit for a proposed oil refinery on the Fort Berthold Indian Reservation.  More »

Marathon Oil Corp. may part with more assets

Fresh from spinning off its refining arm, newly independent exploration and production company Marathon Oil Corp. may consider divesting additional assets as it pursues aggressive growth plans in coming years, CEO Clarence Cazalot said Tuesday.  More »

Marathon Petroleum says Texas City purchase isn’t a ‘priority’

Marathon Petroleum Corp., the crude refiner that was spun off from its corporate parent on June 30, said buying BP Plc’s Texas City plant “is not high on our priority list.”  More »

Conoco shutting, cutting rates at Borger refinery in Texas

ConocoPhillips was shutting equipment and reducing processing rates yesterday at its Borger refinery in Texas, according to a filing with the National Response Center.  More »

Exxon second quarter earnings rise 41 percent *updated

Exxon says higher oil prices and refining margins boosted its second-quarter profits 41 percent.  More »