NuStar Energy LP has invested millions of dollars to transform the only refinery in San Antonio’s city limits, which was once owned by AGE Refining. Photo: Photo By Robin Jerstad/Special T / SA

NuStar Energy’s net income declines

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Pipeline partnership NuStar Energy LP on Friday reported second-quarter 2015 net income applicable to limited partners of $42.4 million, or 54 cents a unit, compared with $43.6 million, or 56 cents a unit, for the same period a year ago.
An oil tanker, right, cruises past a new liquefied natural gas tanker at the Cheniere terminal in Cameron Parish, La. (Michael Stravato/The New York Times)

Flotilla of European gasoline tankers fuels U.S. driving binge

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Surging demand and rising prices for gasoline in the U.S. are luring about double the number of tankers compared with 2014, boosting shipping rates to the highest seasonal levels in seven years.
BPsign

BP asks Montana judge to dismiss lawsuit alleging deceit

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Attorneys for BP asked a Montana judge Thursday to dismiss a lawsuit by the state alleging the oil giant has deliberately concealed information for decades.
Categories: Crude oil, Legal issues
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EFS 16

Patterson-UTI posts second quarter loss on falling rig count

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North American land driller Patterson-UTI Energy said it lost $19 million in the second quarter as drilling for oil went rapidly out of style after the collapse of crude prices.
A row of pump jacks operate in Apache Canada’s Provost field, located in the southeast part of Alberta (Apache Corp.)

AS Canada’s oil patch faces more job losses, robots add to the misery

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The burgeoning use of robots is one more reason there probably won’t be a quick jobs rebound in Canada’s energy industry as it grapples with cheap crude, tougher environmental controls, higher taxes and elevated costs.
Arthur Perales III works on a gear reducer at the Weatherford rod-pump manufacturing plant Thursday, June 26, 2014, in Katy. (Brett Coomer/Houston Chronicle)

Weatherford to boost job cuts to 11,000

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The oil field services firm, based in Switzerland with main offices in Houston, said the layoffs come as the North American market continues to weaken.
Man passing woman large wad of banknotes, close-up, side view

Bankrupt oil company wants payments back

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The city of Homer is filing a response to a request from an oil company seeking the return of thousands of dollars in previous payments to businesses.
In this Jan. 24, 2015 file photo, Saudi Arabia's King Salman attends a ceremony at the Diwan royal palace in Riyadh. (AP Photo/Yoan Valat, Pool)

Saudi king plans U.S. trip after giving Iran deal hedged support

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After private meetings in Jeddah on the Red Sea coast, Defense Secretary Ashton Carter told reporters that King Salman and his defense minister “reiterated their support” for the deal to curb Iran’s nuclear program while expressing reservations about its enforcement.
A Cadillac Escalade with retractable running boards is shown during the Seattle Auto Show at CenturyLink Field Events Center. The Seattle Auto Show continues through October 19th. Photographed on Wednesday, October 15, 2014. (Joshua Trujillo, seattlepi.com)

The 15 least efficient SUVs of 2015

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SUVs have come a long way to deliver performance, style and efficiency features normally reserved for sedans. However, there are still SUVs out there that have excellent performance and technological features, but fail to deliver on the efficiency end.
Categories: Gasoline, Transportation
In this Thursday, Jan. 28, 2010 file photo, A worker walks past tanks at a Petrochina storage base in Suining, in southwest China's Sichuan province. (AP Photo)

ConocoPhillips halts Sichuan shale gas talks with PetroChina

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While China has sought to replicate the U.S. shale boom, the nation last year cut its 2020 shale gas production target to about a third of its original estimate amid difficult geology, lack of infrastructure and limited exploration rights.