Category: Refining

ConocoPhillips spin-off refiner gets Phillips 66 name

The refining company is slated to split from ConocoPhillips in mid-2012.  More »

10,000 Keystone XL pipeline protesters circle White House

About 10,000 opponents of the proposed Keystone XL pipeline for carrying tar-sands oil from Canada to Gulf Coast refineries surrounded the White House on Sunday — exactly a year before the 2012 election — seeking to pressure President Barack Obama to reject the project.  More »

GOP tweaks ‘farm dust’ bill over concerns it would block fossil-fuel dust-emission regs

Republicans on a House subcommittee altered a bill for exempting agricultural dust from Environmental Protection Agency regulation, seeking to address concerns the bill’s original language could inadvertently ban the agency from regulating dust emissions from fossil-fuel burning.  More »

Marathon Petroleum profits soar, growing on cheap oil

The newly independent refining company benefited from buying cheap oil, as the price for gasoline remained high during the third quarter.  More »

Parents will urge TCEQ to deny Valero tax exemption

Angry parents from across Texas are urging the Texas Commission on Environmental Quality to reject a request by Valero Energy and other energy companies for a tax exemption that could cost schools and cities $135 million in refunds.  More »

Neb. pipeline session begins without specific plan

Nebraska lawmakers will face one of the most unusual legislative sessions in recent history when they return to Lincoln on Tuesday to address pipeline issues: Unlike every other special session in at least 10 years, there’s no firm proposals from the governor and no consensus about what — if anything — needs to be done.  More »

Environmental, health groups push for tighter car emission standards

Environmental and health groups pushed the Environmental Protection Agency to move forward with a rule expected later this year to tighten vehicle tailpipe standards for smog-forming emissions. The groups claim the proposal would add less than 1 cent to the per-gallon price of gasoline.  More »

Refining town sees energy education as key to fighting own poverty

By Jeannie Kever, Houston Chronicle Like a lot of people growing up in Baytown and the other blue-collar towns east of Houston, Wade Williams never thought about college. Why would he? For an earlier generation, the refineries and petrochemical plants along the Houston Ship Channel had provided anyone with a high school diploma – sometimes not […]  More »

Valero’s stock not showing signs a bid is imminent

Valero’s shares were up in a rising market, but should have jumped more if Reliance Industries of India is set to make a bid for the company, one expert said.  More »

Book: Cheapest places to retire include Houston-area refinery towns

Some of the area’s refining cities are touted as inexpensive places to retire in a new book.  More »

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 »