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Vicki Vaughan

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Tesoro’s CEO touts clarity of purpose

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Going to work as an elementary-school kid can be a good thing, teaching lessons a child can take into the workplace — a big-time workplace.
Categories: Crude oil, Refining
A Petrohawk Energy natural gas drilling site in the Eagle Ford Shale is shown in September 2009. (Jake Lacey/Houston Chronicle file photo)

Oil’s new reign in Texas draws comparisons to the Kingdom

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The Lone Star State is earning a new moniker: Saudi Texas. Oil production in Texas is soaring, jumping to an average 2.139 million barrels a day in November — the best showing in more than 25 years.
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Shale crude boosts Tesoro profits

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Tesoro Logistics LP logged higher net income in the fourth quarter in part because its pipelines handled greater volumes of crude oil from the Bakken Shale.
Categories: General
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Tesoro posts quarterly profit

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San Antonio-based Tesoro Corp. swung to a profit in the fourth quarter, but its earnings were diminished by a charge related to its decision to close its refinery in Hawaii.
Categories: Refining
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The Valero Three Rivers Refinery in Three Rivers, Texas between San Antonio and Corpus Christi refines a lot of oil from the Eagle Ford shale. (Photo: John Davenport, San Antonio Express-News)

Valero CEO touts company’s advantages

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Valero Energy Corp. has advantages over its competitors because of the San Antonio refiner’s increasing production of high-margin distillates and its low operating costs, CEO Bill Klesse said Wednesday at a conference.
Categories: Refining
(Photo: NuStar Energy)

NuStar reports $11 million loss

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Hedging losses and canceled capital projects led to a fourth-quarter loss for San Antonio-based pipeline company NuStar Energy LP.
(AP file photo/Sue Ogrocki)

Valero profits double to $1 billion

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San Antonio-based Valero Energy Corp. on Tuesday logged its highest fourth-quarter earnings per share since 2005, as profit more than doubled because of higher margins in all areas where the company does business.
Tankers line up at the Blue Dolphin Energy Nixon refinery, about 54 miles east of San Antonio. ( Jerry Lara/San Antonio Express-News)

Closed refinery revived with Eagle Ford crude

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The Nixon refinery had been mothballed for years. But it’s processing crude oil again thanks to the wide margins that can be achieved by using oil from the Eagle Ford shale.
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Tesoro will convert Hawaii refinery to a terminal

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Tesoro is converting its Kapolei Refinery in Hawaii into a terminal, then will put it up for sale.
Categories: General, Refining
The Valero Three Rivers Refinery in Three Rivers, Texas between San Antonio and Corpus Christi refines a lot of oil from the Eagle Ford shale. (Photo: John Davenport, San Antonio Express-News)

Valero’s Gorder could eventually get top job

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When the time comes for Valero Energy Corp. CEO Bill Klesse to relinquish his role as head of the giant refining company, the odds-on favorite to succeed him is company veteran Joe Gorder.
Categories: General, Refining