Refining Operations News


Mar 18, 1991 VEBA OIL and Petroleos de Venezuela SA are negotiating a joint purchase of PCK Schwedt AG's 230,000 b/d refinery at Schwedt, Germany. Pdvsa also plans to acquire a bigger interest in Erdoel Raf...

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...

Finance/Companies news briefs, Feb. 6

Feb 6, 2001 BP � Lukoil � Statoil � McTrans � Marathon Oil � Unocal � Cockrell Oil & Gas � Newfield Exploration � Lariat Petroleum � Place Resources � Star Oil & Gas Acquisition � Cue Energy Resources � Austra...

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 ...

Exploration/Development news briefs, Mar. 26

Mar 26, 2001 USCapital Energy Belize � BP � ABB Vetco Gray � Santos � Swift Energy New Zealand � Antrim Oil & Gas � Marabella Enterprises � Remington Oil & Gas � Magnum Hunter Resources

Gasoline markets looking tight again this year

Apr 13, 2001 It's "déjà vu all over again" for gasoline markets in the US, as the patterns established during last year's driving season are manifesting themselves again.

Valero integrates operations at two Corpus Christi refineries

Jun 20, 2001 Less than a month after taking possession of the El Paso Corp. refinery in Corpus Christi, Tex., through a $436 million lease-purchase deal, Valero Energy Corp. officials are making some low-cost m...

ExxonMobil earnings rise 6%, offset drop in chemicals profits

Jul 24, 2001 ExxonMobil Corp. Tuesday reported record second quarter earnings of $4.38 billion, excluding merger effects and special items. That's up $230 million, or 6%, from the second quarter of 2000. Chemic...

Finance/Companies news briefs, Dec. 26

Dec 26, 2001 Patterson-UTI Energy ... Cleere Drilling ... Redwood Energy ... Tinhorn Resources ... Gas Authority of India ... Indian Oil Corp. ... Oil & Natural Gas Corp. ... BG Group ... Industrial Data System...

ExxonMobil's disappointing 2001 upstream earnings buoyed by downstream record

Jan 23, 2002 ExxonMobil Corp.'s 2001 upstream earnings of $10.4 billion were down 16% from 2000, but downstream earnings increased 24% to a record high of $4.2 billion. Lower crude prices, down 18%, depressed t...

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