Tesoro valued the acquisition at $325 million.
Houston-based Rock River Resources will build a small refinery and facility for shipping crude by rail in Utah, providing new transportation and local refining for the growing oil production in the state, the company announced Tuesday. More »
Total Petrochemical was fined $8.75 million for violating an earlier air pollution settlement, the Justice Department said Friday. 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 »
The Department of Justice says Houston-based CITGO Petroleum Corp. has agreed pay a $737,000 fine and install air pollution controls at refineries in Illinois and Louisiana to resolve alleged Clean Air Act violations. More »
A single train car has derailed in the southern New Jersey community where a derailment last year caused the leak of a potentially dangerous chemical. More »
Mexican President Enrique Peña Nieto unveiled a proposal last month that would allow some direct foreign investment in Pemex projects and the new rules could reshape its downstream operations as Mexicans demand more fuel than their refineries can deliver. 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.
Royal Dutch Shell Plc (RDSA), Europe’s largest oil company, named John Abbott as refining director to succeed Ben van Beurden, who will become chief executive officer in January. More »
Valero Energy Corp., the world’s largest independent refining company, called on the Obama administration to waive the country’s biofuel target immediately, saying the cost to reach it has skyrocketed. More »
This week four of more than 48,000 residents who sued BP claiming health damage from the toxic gases that spewed from its Texas City refinery for 40 days in 2010 will be the first to have their day in court. More »
BP Plc (BP/) faces the first of almost 48,000 toxic exposure claims from neighbors of a Texas refinery who say they’ll give the billions of dollars in punitive damages they’re seeking to charity if they win at trial.