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More Refining Operations News

Good year for independent refiners

Jun 18, 2007 Although the summer season of gasoline demand in the US has barely started, Eitan Bernstein of Friedman, Billings, Ramsey & Co. Inc., Arlington, Va., said, “It already looks like 2007 will be the best year yet for the independent refiners.”

Restrained oil investment seen in biofuel push

Jun 18, 2007 When the head of the Organization of Petroleum Exporting Countries warns that a global rush toward biofuels might push oil prices “through the roof,” is he issuing a calculated threat or a serious warning?

Analyst: Good year for independent refiners

Jun 11, 2007 Although the summer season of gasoline demand in the US has barely started, an analyst says, "It already looks like 2007 will be the best year yet for the independent refiners."

COMPANY NEWS: Dominion sells assets in deals totaling $6.5 billion

Jun 11, 2007 Loews Corp. and XTO Energy Inc. agreed to buy certain oil and natural gas producing properties in two separate deals from Dominion Resources Inc. for a total of $6.5 billion.

Restrained oil investment seen in biofuel push

Jun 8, 2007 When the head of OPEC warns that a global rush toward biofuels might push oil prices "through the roof," is he issuing a calculated threat or a serious warning?

MARKET WATCH: Energy prices regain from losses

Jun 7, 2007 Energy prices June 6 on the New York market regained some of the losses of the previous session despite a bearish government report on US inventories.

Downstream mergers, capacity hikes persist

Jun 4, 2007 Since 1995, a totally unanticipated restructuring of the US refining industry has reconstituted the corporate identities of the largest refiners.

Saudi Aramco installs new LPG recovery unit at Yanbú refinery

Jun 4, 2007 Saudi Aramco recently converted its semi-regenerative platformer unit in its Yanbú refinery to a UOP-licensed continuous catalytic regenerative (CCR) process.

Area Drilling

May 28, 2007

DRILLING MARKET FOCUS: Companies report positive first-quarter 2007 results

May 28, 2007 Drillers and drilling service companies continue to build new land and offshore rigs, although yards are full and there is some softening in the North American land rig market.

MARKET WATCH: Crude, gasoline futures prices rebound

May 24, 2007 Crude and gasoline futures prices rebounded slightly May 23 in the New York market as traders worried again about sufficient fuel supplies just days away from the 3-day Memorial Day weekend May 26-28.

TriStar Oil & Gas, Real Resources to merge

May 23, 2007 TriStar Oil & Gas Ltd. and Real Resources Inc. agreed to merge, and the resulting new company is projected to produce 15,250 boe/d by Dec. 31. Production would be 60% light crude oil and 40% natural gas.

Refiners pull back on plans for capacity additions, EIA chief says

May 21, 2007 US refiners apparently have scaled back plans for additional capacity from levels of a year ago, the head of the US Energy Information Administration told a Senate committee on May 15.

Sufficient supply or possible shortage?

May 21, 2007 Energy prices fluctuated sharply in early May because of differing assessments of sufficient supplies or possible shortages of crude and petroleum products.

Refiners pull back on capacity additions, EIA chief says

May 15, 2007 US refiners apparently have scaled back plans for additional capacity from levels of a year ago, the head of the US Energy Information Administration told a Senate committee on May 15.
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