Tesoro’s purchase of BP Carson refinery on track

Tesoro Corp. is on track to become California’s largest refiner, with the company saying Friday that the Federal Trade Commission cleared the way for its planned acquisition of BP’s refinery in Carson, Calif.
Exxon Mobil's Baytown chemical facility (Exxon Mobil)

Strike called off after Exxon makes safety changes

Exxon Mobil Corp. has averted a strike at its Baytown refinery, one of the world’s largest sources of gasoline and diesel fuels, after a union there ratified a new agreement with the oil giant.
A drilling rig aims for oil in the Bakken Shale near Watford City, N.D. (AP Photo/James MacPherson)

Ground broken for oil refinery on ND reservation

The Three Affiliated Tribes have broken ground for a $450 million oil refinery on the Fort Berthold Indian Reservation in northwestern North Dakota
Categories: Refining
Greg Garland is chairman and CEO of Phillips 66. (Phillips 66 photo)

Phillips 66 CEO: ‘By all metrics, we feel very good’

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.
Exxon Mobil's refinery along the Ship Channel in Baytown (Houston Chronicle file photo)

Exxon Mobil makes deal to avert refinery strike

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.

Valero might form an MLP

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.
Categories: Refining
(AP file photo/Sue Ogrocki)

Refining margins push Valero profits

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.
(Tim Monzingo/The Beaumont Enterprise)

Worker injured in Beaumont refinery fire dies

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

Hess quarterly profit more than doubles on asset sale gains

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.
The Motiva refinery in Port Arthur, Texas.

Motiva Port Arthur refinery shuts down after power outage

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