The company said it took a $4.9 million charge related to the leak on its High Plains Pipeline system that was discovered by a farmer in northwest North Dakota on Sept. 29. More »
Weak margins led to a decline in profit for refinery Tesoro Corp. in the quarter ended Sept. 30. More »
NuStar Energy LP said Friday that it has received commitments from shippers who will use an expansion of the company’s pipeline system in the Eagle Ford Shale. More »
Tesoro valued the acquisition at $325 million.
Oil-field services giant Halliburton Co. officially opened the doors Wednesday of its $70 million local operations center that will serve clients in the Eagle Ford Shale and South Texas. More »
A Valero subsidiary, Valero Energy Partners LP, filed a document with regulators Thursday to raise as much as $345 million through an initial public offering. The number of shares to be issued and their price wasn’t announced. More »
Valero, the nation’s largest independent refiner, said its plan to expand hydrocrackers at its Port Arthur refinery and St. Charles plant in Louisiana would be delayed until 2018 instead of 2015.
The state’s oil and gas boom roared ahead in July, boosting an industry index to record levels. More »
Valero and Kinder Morgan Energy Partners LP have completed a $250 million, 141-mile pipeline that will transport refined petroleum products from plants just west of New Orleans, including Valero’s St. Charles refinery, to a petroleum transportation hub in Collins, Miss. More »
The San Antonio refiner has quietly pulled out of a partnership to build a cellulosic ethanol plant while a second plant in which it’s a partner started producing renewable diesel this summer. More »
The San Antonio-based based independent refiner said its net income fell to $227 million, or $1.64 a share, compared with net income of $387 million, or $2.75 a share, for the second quarter of 2012. More »
San Antonio-based Tesoro Corp. has obtained approval to lease port space in Vancouver, Wash. for a crude-by-rail terminal. More »