Category: Refining

U.S. refineries grow capacity, but not production

Last year, refineries reached their largest oil-processing capacity in 28 years. But they only used about 86 percent of that capacity.  More »

A new Marathon Oil Corp. is at the starting line

Today, Marathon completes the spinoff of its large refining business as a separate entity in Ohio and relaunches in Houston as a much smaller oil and gas exploration and production company. The work of remaking Marathon as a leaner, more nimble independent oil and gas company has just begun.  More »

Feds require label for E15 gasoline

Months after approving sale of gasoline containing 15 percent ethanol, the Environmental Protection Agency released a pump label warning consumers of potential harm.  More »

Clock ticking on bids for stockpiled oil

Refiners have until Wednesday afternoon to submit bids for some of the 30 million barrels of emergency oil being released from U.S. stockpiles. The government now is giving would-be buyers new details on the sale, including the price floor for the crude.  More »

Kuwait may tap private investors to help pay for $14.5 billion refinery

Kuwait may seek private investors to help build its largest oil refinery after a government council revived the 4 billion-dinar ($14.5 billion) project, which stalled two years ago amid political opposition. The Supreme Petroleum Council, the emirate’s highest decision-making body for oil policy, approved construction of the 615,000 barrel-a-day Al-Zour facility, Oil Minister Mohammad al-Busairy […]  More »

Auction process determines who gets stockpiled oil *updated*

Companies interested in snapping up some of the emergency oil the U.S. is releasing from the Strategic Petroleum Reserve will be invited to submit bids soon. Refiners said the administration didn’t make initial “feeler” calls to assess interest before the sale was announced today.  More »

Marathon’s $2.2B Detroit refinery expansion irks some neighbors

The expansion at the 81-year-old refinery will enable Marathon to process more Canadian oil sands. Some people living near the site accuse the Houston-based company of making lowball offers to buy their homes to make room for the project.  More »

Condoleeza Rice to join board of Houston biofuels firm

The former U.S. Secretary of State joins KiOR, a firm that has developed a process for turning wood chips into a crude oil substitute that can be refined into gasoline and diesel blends and that operates a demonstration plant in Pasadena.  More »

Analysts: BP refinery problems unlikely to hurt summer driving

BP’s massive oil refining plant was taken offline by April power outages and has run at about half-capacity this quarter. That shouldn’t have much, if any, impact on gasoline prices however, according to analysts.  More »

BP’s Texas City refinery production cut through August

The refinery was hit with an emergency shutdown in April and has run at about half capacity since then, BP says.  More »

FTC probe of gasoline prices has eye on refiners

The Federal Trade Commission confirmed Monday that it’s opened a broad investigation into the companies that turn crude oil into gasoline, looking into whether they have engaged in anti-competitive practices or manipulation to drive up prices at the pump.  More »

Westway Terminal gains capacity in Valero deal

The deal gives Westway the right to lease 5.7 acres of land adjacent to its terminal for up to 30 years and to purchase three tanks totaling 3 million gallons of capacity and certain associated dock lines and dock assets.  More »

EPA Greenhouse Gas Rules – Continued

There have been several significant actions regarding the EPA’s greenhouse gas rules under the Clean Air Act in the last few weeks.  You will recall that the EPA has already begun regulation under the Prevention of Significant Detioration program (PSD), and signaled that it would propose regulation of sources under the New Source Performance Standards […]  More »

Worker injured at Exxon’s Baytown refinery

The worker suffered steam burns across 25 percent of his upper body, Gary Beevers, who oversees the United Steelworkers’ oil sector, said in an e-mailed statement.  More »

Biodiesel industry to run national ads

The ad, set in Dallas, touts biodiesel as a clean-burning alternative to petroleum-based diesel fuel that can help reduce the nation’s dependence on fossil fuels, create jobs and slash tailpipe emissions.  More »