EXHIBIT 99.1


                           BLUE DOLPHIN ENERGY COMPANY


PRESS RELEASE

FOR IMMEDIATE RELEASE
November 14, 2007

BLUE DOLPHIN ENERGY COMPANY REPORTS THIRD QUARTER RESULTS

Houston,  November 14 /  PRNewswire / -- Blue Dolphin  Energy  Company  (NASDAQ:
BDCO) ("Blue  Dolphin"),  an independent  oil and gas company with operations in
the Gulf of Mexico,  today  announced  financial  results for the three and nine
month periods ended September 30, 2007.

For the three months ended September 30, 2007, Blue Dolphin  reported a net loss
of  $238,148  on  revenues  of  $785,588  compared  to net income of $159,930 on
revenues of  $1,068,708  for the three months  ended  September  30,  2006.  The
decline in revenues and net income were primarily due to an anticipated  decline
in oil and gas production and resulting sales of approximately $377,000.


                                    (In thousands, except per share amounts)
                                       Three Months Ended
                                         September 30,              Net Change
                                  -----------------------------
                                      2007           2006          2007 vs 2006
                                  -------------  --------------   --------------

Revenues                             $   786        $   1,069       $  (283)
Net income (loss)                    $  (238)       $     160       $  (398)
Net income (loss) per common share
Basic                                $ (0.02)       $    0.01       $ (0.03)
Diluted                              $ (0.02)       $    0.01       $ (0.03)


For the nine months ended September 30, 2007,  Blue Dolphin  reported a net loss
of $1,341,821 on revenues of  $2,261,511,  compared to net income of $364,990 on
revenues of $3,255,801  for the nine months ended  September 30, 2006.  The loss
for the first three quarters of 2007 was primarily due to reduced  revenues from
sales of oil and gas of approximately  $1,460,000  resulting from an anticipated
decline in production  levels,  and  increased  pipeline  operating  expenses of
approximately  $598,000,  partially  offset by increased  revenues from pipeline
operations of approximately $466,000. Increased pipeline operating expenses were
primarily the result of unanticipated  costs associated with repairs to pipeline
assets  and  increased   insurance  costs.   Increased  revenues  from  pipeline
operations  were the result of increased  throughput  from the addition of seven
shippers  on the Blue  Dolphin  System and the GA 350  Pipeline,  and  increased
throughput from two existing shippers on the Blue Dolphin System during 2006 and
2007.


                                    (In thousands, except per share amounts)
                                       Nine Months Ended
                                         September 30,              Net Change
                                  -----------------------------
                                       2007          2006          2007 vs 2006
                                  -------------  --------------   --------------

Revenues                             $   2,262      $   3,256       $    (994)
Net income (loss)                    $  (1,342)     $     365       $  (1,707)
Net income (loss) per common share
Basic                                $   (0.12)     $    0.03       $   (0.15)
Diluted                              $   (0.12)     $    0.03       $   (0.15)



There are currently 11,573,293 shares of common stock issued and outstanding.

Blue Dolphin  Energy Company is engaged in the gathering and  transportation  of
natural  gas  and  condensate  and  production  of  oil  and  gas.  For  further
information visit the Company's website at http://www.blue-dolphin.com.

Contact:
Gregory W. Starks
Vice President, Treasurer and Secretary
713-227-7660

Certain of the  statements  included  in this  press  release,  which  express a
belief,  expectation or intention,  as well as those regarding  future financial
performance or results, or which are not historical facts, are "forward-looking"
statements  as that term is defined in the  Securities  Act of 1933, as amended,
and the Securities Exchange Act of 1934, as amended. The words "expect", "plan",
"believe",  "anticipate",  "project",  "estimate",  and similar  expressions are
intended  to  identify   forward-looking   statements.   These   forward-looking
statements  are  not  guarantees  of  future  performance  or  events  and  such
statements involve a number of risks,  uncertainties and assumptions,  including
but not limited to  industry  conditions,  prices of crude oil and natural  gas,
regulatory changes,  general economic conditions,  interest rates,  competition,
and  other  factors.  Should  one  or  more  of  these  risks  or  uncertainties
materialize or should the underlying assumptions prove incorrect, actual results
and outcomes may differ  materially from those indicated in the  forward-looking
statements.  Readers  are  cautioned  not  to  place  undue  reliance  on  these
forward-looking statements,  which speak only as of the date hereof. The Company
undertakes  no  obligation to republish  revised  forward-looking  statements to
reflect  events  or  circumstances  after  the date  hereof  or to  reflect  the
occurrence of unanticipated events.

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