New Mexico Gov. Susana Martinez applauded the company’s investment in the state.
Phillips 66 Chairman and CEO Greg Garland said the company doesn’t oppose potential exports of U.S. crude oil, arguing that a free market approach would be best, regardless of the product. More »
The unofficial rule of generating booth interest at the Offshore Technology Conference is the bigger the better. Cyberhawk bucks the trend. More »
Tesoro Corp. CEO Greg Goff said Thursday that the company’s plan to rail crude oil to the Port of Vancouver USA has been delayed as the state of Washington completes an environmental impact statement.
Refining giant Phillips 66 saw profits grow 12 percent in the first quarter, the company reported Wednesday morning, due to strong growth in its midstream business and earnings from a previously-announced subsidiary sale. More »
Westlake Chemical is planning to spin its ethylene production business into a master limited partnership in a $271 million debut on Wall Street, according to regulatory documents filed Tuesday. More »
Higher margins for its fuels and more crude oil processed at its plants propelled Valero Energy Corp. to a 28 percent increase in net income in the first quarter, the company said Tuesday. More »
Chevron Corp. plans to run higher- sulfur Alaskan and Middle Eastern crudes when it completes work at Northern California’s largest refinery in 2016, not the Bakken oil helping spur the U.S. path to energy independence. More »
Futuristic cars will be driving on downtown Houston roads during the next few days, competing to travel the furthest on the least amount of fuel for the Shell Eco-marathon challenge. More »
Marathon Petroleum Corp. said it is taking the next step toward a potential $2.2 billion to $2.5 billion upgrade to the company’s Garyville refinery. More »
The U.S. exported 3.5 million barrels per day of petroleum last year, the U.S. government reported Tuesday, a 10 percent increase from 2012. More »
U.S. refiners are sending a “tidal wave” of gasoline, diesel and other refined products onto the world market, taking advantage of the surge in domestic oil development that has helped drive Gulf Coast crude stockpiles to record levels, according to a new report. More »