Category: Refining

Marathon Petroleum buys Hess retail for $2.87 billion

Marathon Petroleum Corp. (MPC) agreed to acquire Hess Corp.’s gasoline stations and retail business for a total of $2.87 billion, expanding its footprint to 23 states from nine.  More »

Shell considers retiring California coker amid shale boom

Royal Dutch Shell Plc, Europe’s biggest oil company, is considering retiring one of two coking units at its only refinery in California as the company seeks to run lighter crude at the plant.  More »

EPA proposes changes to refinery emission rules

The EPA has proposed tougher rules for toxic emissions from refineries.  More »

Rangeland building oil and gas hub in New Mexico

New Mexico Gov. Susana Martinez applauded the company’s investment in the state.  More »

Refining chief: We don’t oppose US oil exports

Phillips 66 Chairman and CEO Greg Garland said the company doesn’t oppose potential exports of U.S. crude oil, arguing that a free market approach would be best, regardless of the product.  More »

Cyberhawk’s OTC booth offers hidden treasure — if you can find it

The unofficial rule of generating booth interest at the Offshore Technology Conference is the bigger the better. Cyberhawk bucks the trend.  More »

Tesoro’s crude rail plans hit delay in Washington state

Tesoro Corp. CEO Greg Goff said Thursday that the company’s plan to rail crude oil to the Port of Vancouver USA has been delayed as the state of Washington completes an environmental impact statement.  More »

Phillips 66 profits rise in first quarter

Refining giant Phillips 66 saw profits grow 12 percent in the first quarter, the company reported Wednesday morning, due to strong growth in its midstream business and earnings from a previously-announced subsidiary sale.  More »

Westlake Chemical to spin off ethylene production business

Westlake Chemical is planning to spin its ethylene production business into a master limited partnership in a $271 million debut on Wall Street, according to regulatory documents filed Tuesday.  More »

Valero’s profit soars on better fuel margins

Higher margins for its fuels and more crude oil processed at its plants propelled Valero Energy Corp. to a 28 percent increase in net income in the first quarter, the company said Tuesday.  More »

Chevron banks on Mideast oil for Calif. refinery

Chevron Corp. plans to run higher- sulfur Alaskan and Middle Eastern crudes when it completes work at Northern California’s largest refinery in 2016, not the Bakken oil helping spur the U.S. path to energy independence.  More »

Futuristic cars push limits of fuel efficiency in Shell Eco-marathon (photos)

Futuristic cars will be driving on downtown Houston roads during the next few days, competing to travel the furthest on the least amount of fuel for the Shell Eco-marathon challenge.  More »