North Pole Refinery (Photo: Flint Hills Resources)

Governor defends actions for oil refinery’s future

Gov. Sean Parnell said critics of his administration’s actions in a North Pole oil refinery’s impending closure don’t see behind-the-scenes work that could keep the refinery operating.
Phillips 66 operates the Gulf Coast Fractionators facility in Mont Belvieu, Texas. (Phillips 66)

Phillips 66 shifts focus with $3 billion in new projects

Phillips 66 is no longer betting its future on the massive refining business that made it the second-largest energy company in the world. Instead, it’s using refining, once its most profitable arm, as a cash cow to transform itself into a business that primarily operates energy transportation, storage and processing infrastructure.
A boat passes a refinery standing along the Houston Ship Channel.  (Scott Dalton/Bloomberg)

Houston port’s $35B blitz led by energy investments (photos)

As record oil and gas output floods the country with cheap and abundant energy and brings the U.S. closer to energy independence, the bulk of the fuels get squeezed through Houston, the country’s largest export gateway and the core of its biggest refining region.
A gas station attendant pumps gas, in Portland, Ore.  (AP Photo/Rick Bowmer, File)

Fuel prices to rise as spring approaches

AAA offered good news and bad news for motorists in a new fuel price forecast released Thursday. The bad: drivers will likely start paying more for gasoline soon, as refiners prepare for annual spring maintenance. The good: gas prices will probably be slightly lower this year than they were in 2013.

Tesoro posts quarterly loss

Tesoro Corp. swung to a loss and widely missed analysts’ estimates in the fourth quarter of 2013 as a result of lower refining margins, higher stock-based pay and a loss related to the sale of a refinery
North Pole Refinery (Photo: Flint Hills Resources)

Flint Hills says North Pole Refinery will close

Flint Hills Resources announced Tuesday that it will close its North Pole refinery, shuttering a major employer in the Fairbanks area and eliminating a local source of gasoline, jet fuel, heating fuel and other petroleum products.
(Eddie Seal/Bloomberg)

Teapots boiling in Texas as shale spurs refining revival

Blue Dolphin, Valero Energy Corp., Kinder Morgan Inc. and others are trying to capitalize on the biggest boom in U.S. history by building new crude-processing equipment, reviving mothballed plants and opening new teapot refineries.
A Tesoro Corp. refinery, including a gas flare that is part normal plant operations, is shown Friday, April 2, 2010, in Anacortes, Wash. (AP file photo/Ted S. Warren)

Investigators call for more refinery oversight after Tesoro blast

Federal chemical safety investigators are recommending tougher state and federal oil refinery oversight after a 2010 explosion and fire at a Tesoro Corp. refinery in Anacortes that killed seven workers.
(AP file photo/Sue Ogrocki)

Valero’s fourth-quarter earnings jump

Valero Energy Corp.’s fourth-quarter earnings rose 30 percent, boosted by last year’s spinoff of its retail stations.
(AP Photo/Lisa Poole, File)

Phillips 66 income rises on increased exports

Increased exports of refined petroleum products and improved U.S. crude price differentials drove Phillips 66’s profit up 17 percent in the fourth quarter, the company said Wednesday.