SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    FORM 8-K



                                 CURRENT REPORT


                       Pursuant to Section 13 or 15(d) of
                     the Securities and Exchange Act of 1934

 Date of Report: (Date of earliest event reported): May 14, 2004 (May 14, 2004)


                           Blue Dolphin Energy Company
             (Exact name of registrant as specified in its charter)




        Delaware                      0-15905                    73-1268729
(State of Incorporation)       (Commission File Number)        (IRS Employer
                                                             Identification No.)



                             801 Travis, Suite 2100
                              Houston, Texas 77002
              (Address of Registrant's principal executive offices)

                                 (713) 227-7660
              (Registrant's telephone number, including area code)




                                (Not Applicable)
          (Former name or former address, if changed since last report)




ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

         (a)      Exhibits

         99.1     Press Release issued May 14, 2004

ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION

         On May 14, 2004,  Blue Dolphin Energy Company,  a Delaware  corporation
("Blue Dolphin"),  issued a press release reporting its earnings for the quarter
ended March 31, 2004.


                                    SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended,  the  registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.

Date:    May 14, 2004


                                                     BLUE DOLPHIN ENERGY COMPANY


                                                      /s/ G. Brian Lloyd
                                                     ---------------------------
                                                     G. Brian Lloyd
                                                     Vice President, Treasurer




























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                                INDEX TO EXHIBITS


EXHIBIT           DESCRIPTION OF EXHIBIT
-------           ----------------------

99.1              Press Release issued May 14, 2004





































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