Phillips 66 CEO Greg Garland said he doesn’t expect the Keystone XL pipeline to gain U.S. approval this year and suggested regulators will need to “fix” requirements governing the blending of biofuels into gasoline. But Garland said neither of those issues are of serious concern to Phillips 66, which held its first shareholders meeting Wednesday.  More »

Exxon Mobil Corp. appears to have averted a strike at one of the nation’s largest sources of gasoline and other petroleum products after reaching a tentative agreement with a union there.  More »

Just a day before Valero Energy Corp. was set to spin off its retail division, the company said Tuesday it may execute another separation by forming a master limited partnership.  More »

Valero reported net income attributable to Valero stockholders of $654 million, or $1.18 a share, for the period ended March 31. That compares with a net loss of $432 million, or 78 cents a share, for the first quarter of 2012.  More »

An official with the University of Texas Medical Branch in Galveston on Sunday confirmed the death of Dustin Creekmore.  More »

Hess Corp., the oil company that’s in a proxy battle with billionaire Paul Singer’s Elliott Management Corp., said first-quarter profit more than doubled on gains from asset sales.  More »

The Port Arthur, Texas refinery lost power Sunday and there isn’t a timeline for restarting the plant, a person familiar with operations said.  More »

It’s a frequently repeated factoid about the energy industry: No new major refinery has been built in this country in decades. But several small refineries have opened and significant capacity has been added at the nation’s refineries.  More »

A company spokesman says Chevron is improving safety and oversight.  More »

Clean air advocates and the oil industry on Thursday released dueling studies on the Obama administration’s proposed gasoline emissions rule, with radically different conclusions on its effects on air pollution.  More »

Phillips 66 says it will build a 100,000 barrel-per-day natural gas liquids fractionator in Old Ocean, near the company’s refinery in Sweeny.  More »

Some companies are building small refineries in North Dakota, trying to take advantage of the low cost of Bakken crude and a growing demand for fuel in the local area.  More »