Refining Capacities News


Feb 19, 1990 IMPERIAL OIL LTD. received final regulatory approval for its $4.9 billion takeover of Texaco Canada Inc., 1 year after the companies announced a deal. Approval came from Ottawa's Competition T...


Sep 10, 1990 Analysts are dusting off their crystal balls to devise a range of oil price scenarios for the Middle East crisis as the standoff between Iraq and the rest of the world continues. In Shearson Lehman...


Jun 17, 1991 U.S. SUPREME COURT declined to block a lawsuit in which four western states claim seven major oil companies conspired to fix prices and create a gasoline shortage during the 1973-74 Arab oil embarg...


Jul 1, 1991 Have U.S. gas prices finally touched bottom? While international trade in natural gas continues to grow (see story, p. 21), the U.S. gas industry continues to languish. Low gas prices and flat-dem...

Phillips to acquire Tosco for $7.49 billion

Feb 5, 2001 Industry analysts were buzzing Monday over Phillips Petroleum Co.�s surprise proposal to acquire Tosco Corp. for $7.49 billion in stock and debt, making the combined company the second largest US r...

Processing news briefs, Mar. 19

Mar 19, 2001 Kinder Morgan Energy Partners ... Sinopec ... ATCO Midstream ... Williams

NPRA meeting grapples with EPA�s diesel sulfur rule

Mar 21, 2001 National Petrochemical & Refiners Association Pres. Urvan Sternfels said this week that the US Environmental Protection Agency�s tougher gasoline and diesel sulfur limits for 2006 are "a train ...

Industry outlines challenges for growth

Mar 27, 2001 Challenges for an oil and gas industry that must retool for growth include a chance the Organization of Petroleum Exporting Countries has misread the market. "OPEC may be underestimating the we...

Valero negotiating for El Paso's Corpus Christi refinery

Apr 17, 2001 Valero Energy Corp., San Antonio, Tex., Tuesday confirmed it is negotiating with El Paso Energy Corp., Houston, to buy its 100,000 b/d Corpus Christi, Tex., refinery. Valero already owns a 94,100-b...

Murkowski warns of higher gasoline prices this summer

Apr 26, 2001 Sen. Frank Murkowski (R-Alas.) warned Thursday that US consumers could pay more than $3/gal for gasoline this summer. He said it is likely that consumers would face higher and more volatile gasolin...

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