Category: Refining

Surge in fuel exports boosting US trade balance

The value of net refined fuel exports from the U.S. increased 55 percent in 2013 over the prior year, reaching $33 billion, according to the U.S. Energy Information Administration.  More »

Tesoro bars federal safety agency from East Bay refinery

In an unprecedented challenge, Tesoro Corp. has barred federal authorities from going inside its refinery near Martinez to investigate an incident in which two workers were burned by acid spewing from a broken pipe, The Chronicle has learned.  More »

Governor defends actions for oil refinery’s future

Gov. Sean Parnell said critics of his administration’s actions in a North Pole oil refinery’s impending closure don’t see behind-the-scenes work that could keep the refinery operating.  More »

Phillips 66 shifts focus with $3 billion in new projects

Phillips 66 is no longer betting its future on the massive refining business that made it the second-largest energy company in the world. Instead, it’s using refining, once its most profitable arm, as a cash cow to transform itself into a business that primarily operates energy transportation, storage and processing infrastructure.  More »

Houston port’s $35B blitz led by energy investments (photos)

As record oil and gas output floods the country with cheap and abundant energy and brings the U.S. closer to energy independence, the bulk of the fuels get squeezed through Houston, the country’s largest export gateway and the core of its biggest refining region.  More »

Fuel prices to rise as spring approaches

AAA offered good news and bad news for motorists in a new fuel price forecast released Thursday. The bad: drivers will likely start paying more for gasoline soon, as refiners prepare for annual spring maintenance. The good: gas prices will probably be slightly lower this year than they were in 2013.  More »

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 »