A proposal by Phillips 66 to add a 1.5 mile rail spur to its Santa Maria refinery, to accommodate 80-car tanker trains carrying crude oil, has run into resistance from nearby cities, school districts and environmental groups. Because rail operations … Continue reading
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A federal judge in Wyoming has issued a preliminary injunction preventing the Department of the Interior from enforcing rules on the use of hydraulic fracturing on federal lands, saying the Bureau of Land Management lacks authority to oversee drilling activity … Continue reading
PBF Energy Inc. (NYSE: PBF) announced that it will purchase the damaged ExxonMobil Torrance refinery and related assets for $537.5 million. The transaction is expected to close in the second quarter of 2016, after repairs are completed. The 750-acre refinery … Continue reading
California legislators went into recess with many of the most controversial and ambitious proposed climate change measures withdrawn or delayed. Pulled from Senate Bill 350 before it passed was its target of a 50% reduction in petroleum use by cars … Continue reading
Federal regulators have issued warnings to Plains All American Pipeline Co. for “probable violations” related to the rupture in May of an oil pipeline on the Santa Barbara coast that spilled up to 3,400 barrels of crude. Officials with the … Continue reading
A report released by the Western States Petroleum Association details the substantial contribution the petroleum industry makes to California’s state and local economies, accounting for nearly 456,000 jobs, hundreds of billions in revenues, and more than 9% of the state’s … Continue reading