An unidentified man walks along oil pipelines belonging to Agip Oil company in Obrikom, Nigeria. AP Photo/George Osodi)

Tycoon plans Nigeria’s largest oil refinery

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A company run by Africa’s richest man received a loan toward a $9 billion project that will give Nigeria its largest oil refinery and petrochemical and fertilizer complex, reducing the country’s reliance on international markets.
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Phillips 66 CEO praises Bartlesville contributions

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The leader of Bartlesville’s largest employer praised the city and state of Oklahoma recently for its “rich heritage” and as a source of employee talent it provides to the company.
Categories: Refining
(AP Photo)

China oil majors barred from expanding refineries

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Environmental regulators have taken the unusual step of blocking China’s two biggest oil producers from expanding their refining capacity after they failed to meet targets for reducing pollution.
Categories: Crude oil, Refining
The Motiva refinery in Port Arthur, Texas.

Motiva’s largest crude unit could shut for a month after fire

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Motiva Enterprises LLC’s Port Arthur, Texas, refinery, may keep its largest crude unit offline because vessels able to transport its output of vacuum gasoil are in tight supply, a person familiar with operations said.
Exterior shot of the Corner Store at UTSA Boulevard and I-10 West. Corner Stores are spinoffs of Valero Energy Corporation and will be managed under a new company, CST Brands, Inc. (Kin Man Hui/San Antonio Express-News)

Valero’s convenience store spin-off reports slight revenue drop

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Customers may see new soda and electronic cigarette offerings at some of CST Brands Inc.’s convenience stores as the San Antonio-based company aims to increase same-store sales in the second half of the year.
An oil truck passes in front of Chevron Refinery in Richmond, Calif. in 2006. (AP Photo/Paul Sakuma, file)

At least 160 arrested at Richmond refinery protest

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Richmond police have arrested more than 160 protesters for trespassing at a Chevron refinery as part of an environmental protest against the oil industry.
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Tesoro’s earnings drop 41 percent

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The San Antonio-based based independent refiner said its net income fell to $227 million, or $1.64 a share, compared with net income of $387 million, or $2.75 a share, for the second quarter of 2012.
Categories: General, Refining
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(AP Photo/Lisa Poole, File)

Phillips 66 earnings fall with disappointments

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Refiner Phillips 66 said it underperformed in the second quarter of the year as its earnings from refining fell by nearly half compared with the same period a year ago.
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Domestic biodiesel production hits record in May

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U.S. biodiesel production hit a record level of 111 million gallons in May, according to data released Wednesday by the U.S. Energy Information Administration.
Shares of Stolt-Nielsen, which operates 155 tankers, gained 20 percent to 138 kroner ($23.26) in Oslo this year and will reach 171.25 kroner in 12 months, according to the average of four analyst estimates compiled by Bloomberg. Andrew Wheeler/Bloomberg

Fracking boom sends chemical tankers to five-year high

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The boom in U.S. natural-gas supplies is boosting chemical exports to Asia, driving up demand for specialized ships that carry the products and sending freight rates to a five-year high.