Tag: refineries

New refineries planned for Bakken Shale

Some companies are building small refineries in North Dakota, trying to take advantage of the low cost of Bakken crude and a growing demand for fuel in the local area.  More »

New refineries would ease crude storage problem, expert says

While many are calling for more pipelines to move the crude glut at the Cushing, Okla. storage hub, the long-term solution will be to build new refineries, according to experts at the SMU Maguire Energy Institute.  More »

Some companies don’t wait for lightning to strike

Lightning strikes are the most common cause of accidents involving storage tanks at refineries and petrochemical plants, according to a study in the Journal of Loss Prevention in the Process Industries.  More »

Oil companies are wasting resources, tech pioneers say

Oil companies waste a lot of resources that could easily be saved through developing technologies, executives of pioneering start-ups said during a presentation Wednesday in Houston.  More »

What’s behind the gas price runup? Depends on whom you ask

Some lawmakers and regulators pin the blame on financial speculators trading futures contracts for oil. Or it could be a collision of planned maintenance and unexpected outages at some of the nation’s refineries, which are keeping gasoline supplies low, despite a boon in domestic crude production.  More »

Canadian crude rolling into Gulf Coast refineries

A competitor pipeline to Keystone XL already is funneling oil sands crude to Texas refineries at a rate of 100,000 barrels per day, despite environmentalists’ attempts to block the southward flow of the Canadian oil.  More »

Loophole lets refiners punt on part of tax bills

It’s not the first time this has happened – four years ago, the district had to repay Valero almost $2.4 million – and unless lawmakers close a loophole in the state law that governs appraisals, it won’t be the last.  More »

Global refining boom could challenge U.S. exports

The availability of cheap natural gas in the U.S. could give domestic refineries a cost advantage over international competitors, as refining capacity expands globally.  More »

Peak, What Peak?

[Editor's comment: This article is by Dr. Tad Patzek, chairman of the Department of Petroleum & Geosystems Engineering at The University of Texas at Austin. Dr. Patzek's research involves mathematical modeling of earth systems with emphasis on mult...  More »

Isaac halts most Gulf oil production

Nearly all oil operations in the Gulf of Mexico have halted as Hurricane Isaac storms across the region on its way to the Louisiana coast.  More »

Have you heard the one about the airline that buys a refinery?

If Delta’s looking for a way to make its losses more consistent and pervasive, buying a refinery might be the ticket.  More »

Refinery closure would send gasoline prices even higher, EIA says

The federal Energy Information Administration said the closure of several refineries that supply fuel the Northeast could cause a shortage and more volatile gasoline prices.  More »
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