Category: Refining

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  More »

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.  More »

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.  More »

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.  More »

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.  More »

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.  More »

Investigators delay finalizing report on fatal Tesoro refinery blast

The U.S. Chemical Safety Board has delayed finalizing its investigative report into an April 2010 explosion that killed seven workers at the Tesoro refinery in Anacortes, prompting criticism from its own members and others.  More »

Obama supporters defend go-slow approach on refiners

Obama administration supporters are defending the White House’s decision to move on a slower track to limit refiners’ greenhouse gas emissions, while focusing on reining in the carbon dioxide coming from the nation’s power plants.  More »

U.S. safety board rejects overhaul of Calif. refineries

The U.S. Chemical Safety Board rejected a proposed overhaul of California’s refinery safety practices – recently touted by its chairman after the 2012 Chevron refinery fire in Richmond, Calif., – saying the overly ambitious plan would do little to immediately improve safety and needs further study.  More »

Q&A: The world comes calling for U.S. experience

Recently elevated to vice president at the American Petroleum Institute, John Modine oversees the trade group’s global industry services department. The unit focuses on promoting standards and best practices worldwide.  More »

Refiners plot against oil exports

While refiners currently enjoy a discount on domestic crude — which is priced well below the international benchmark — that scenario could disappear with broad oil exports.  More »

Pipeline from Oklahoma to start shipping Jan. 22

The pipeline is the southern leg of TransCanada’s proposed Keystone XL pipeline.  More »
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