Steffy: Loophole lets companies punt on part of tax bills

In what may be the biggest mismatch since Bambi battled Godzilla, schoolchildren in Texas City were pitted against one of the country’s biggest refiners. Not surprisingly, the schoolchildren lost – again.
(Image: Fotolia)

Airgas announces plans for new carbon dioxide plant

Airgas Inc. will build a 450-ton-per-day liquid carbon dioxide plant in the Houston area to replace a plant at the Shell Deer Park refinery complex that is expected to close later this year.
Firefighting crews continue to pour water onto a unit after a fire at a Chevron refinery on Tuesday, Aug. 7, 2012 in Richmond, Calif. (AP Photo/The Contra Costa Times, Aric Crabb)

Report: Chevron should have replaced leaky pipe

Government investigators have found that a decades-old pipe that leaked and caused a massive fire at a Chevron refinery in California was corroded, and the company knew it should have been replaced.

Retail gasoline sets seasonal record as plants shut, oil surges

Retail gasoline prices in the U.S. rose to a record for this time of year amid a decline in refinery production because of breakdowns and seasonal maintenance and an eight-week rally in crude futures.
Categories: Refining
(David Guo's Master/Flickr)

Growth pushes Team to new corporate offices

Fast-growing Team Industrial Services has moved its corporate headquarters to Sugar Land after outgrowing its space in Alvin.
Phillips 66's Alliance Refinery in Louisiana is among those benefitting from favorable conditions on the Gulf Coast.

Domestic crude puts U.S. refineries in a sweet spot

U.S. refineries are staying busy despite reduced domestic demand for gasoline because they can use lower-cost U.S. oil, making the prices of their refined products attractive to foreign markets.
Categories: General, Refining

Tesoro posts quarterly profit

San Antonio-based Tesoro Corp. swung to a profit in the fourth quarter, but its earnings were diminished by a charge related to its decision to close its refinery in Hawaii.
Categories: Refining
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The Valero Three Rivers Refinery in Three Rivers, Texas between San Antonio and Corpus Christi refines a lot of oil from the Eagle Ford shale. (Photo: John Davenport, San Antonio Express-News)

Valero CEO touts company’s advantages

Valero Energy Corp. has advantages over its competitors because of the San Antonio refiner’s increasing production of high-margin distillates and its low operating costs, CEO Bill Klesse said Wednesday at a conference.
Categories: Refining
Gas station employee changes the price in California. (Paul Sakuma/Associated Press)

Speculators driving spike in gasoline prices

The run-up primes drivers for another expensive year at the gas pump, at a time when Americans are already spending a greater portion of their income on fuel than they have in decades.
Marathon Oil raises its flag over the Texas City refinery. (Marathon Oil)

BP completes $2.4B sale of Texas City refinery

British oil giant BP said Friday it has completed the sale of its Texas City refinery, where a 2005 explosion killed 15 workers, and other assets to Marathon Petroleum Corp. for roughly $2.4 billion.