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

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.

Phillips 66 CEO praises Bartlesville contributions

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

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

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

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

Richmond police have arrested more than 160 protesters for trespassing at a Chevron refinery as part of an environmental protest against the oil industry.

Tesoro’s earnings drop 41 percent

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

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

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

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.