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Tesoro buying assets in Alaska

San Antonio-based refiner Tesoro said it’s buying all of Flint Hills’ wholesale fuel marketing contracts in Alaska, along with a terminal in Anchorage with 580,000 barrels of storage, a truck rack and rail-loading capability. ...

Tesoro’s profits soar

The San Antonio-based refiner’s earnings from continuing operations jumped to $759 million, or $6.13 a share, compared with earnings of $397 million, or $3.06 a share, for the same period a year ago. ...

Texas company to build pipeline to Mexico

Brandon Seale, president of Howard Energy Mexico, said there is “strong interest from Eagle Ford producers” in the pipeline because at present the natural gas they produce must take an indirect route from Texas coastal ports to Mexico. ...

Tesoro halts plans for Utah oil pipeline

Tesoro’s project, the Uinta Express Pipeline, was to have shipped thick waxy crude oil from Utah’s Uinta Basin to the company’s plant in Salt Lake City. ...

The 302,700 workers estimated to work for services and exploration and production companies marked the first time employment in the industry has exceeded 300,000 since his Texas Petro Index began tracking the numbers in 1995, said its developer, economist Karr Ingham. ...

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