Refining

Downstream news: fuels, refining and chemicals
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Tesoro reports slight drop in earnings

The company’s net income fell to $224 million, or $1.70 a share, compared with $227 million, or $1.64 a share, for the second quarter of 2013.  More »
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. (San Antonio Express News/John Davenport)

Valero earnings up on increased volumes

The crude oil that Valero made into fuels averaged 2.7 million barrels a day, an increase of 115,000 barrels a day compared with the second quarter of 2013.  More »
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Texas refiner sues Utah county over pipeline rules

Tesoro Corp. wants to build a 135-mile pipeline to carry crude oil from the Uinta Basin to Salt Lake City refineries.  More »
(AP Photo/Paul Sakuma, File) Sales of premium and mid-grade gasoline have yet to resume at all 500 Greater Houston stations.

Chevron investigates bad gasoline in Houston pumps

Chevron continues to investigate how a bad batch of gasoline ended up in Houston-area pumps, sparking consumer complaints and forcing the company to suspend sales of premium and mid-grade gasoline at 500 local stations for several days.  More »
Sweeny is the largest refinery by capacity in the portfolio of Phillips 66, Houston’s biggest Fortune 500 company. (Ryan Holeywell/Houston Chronicle)

Phillips 66 increases capital budget, approves more buybacks

Refining and midstream giant Phillips 66 announced that it would increase its 2014 capital budget by $1.2 billion this year in order to fund its liquefied petroleum gas project as well as a recent acquisition.  More »
(Rovanto/Flickr)

Trains keep rolling from Permian Basin

Trains will roll all month out of the Permian Basin, the largest onshore U.S. oil field, as production outpaces pipeline capacity and a refinery outage saps demand.  More »
Richard Belote, director of software development for FuelFX, demonstrates a virtual reality simulation at the company headquarters in Bellaire, TX. (Michael Starghill, Jr.)

How virtual reality can help the oil industry’s worker shortage (video)

From a non-descript office in the Galleria area, it’s possible to walk around a refinery, an oil rig and even an offshore platform — thanks to high-tech tools taking advantage of virtual reality.  More »
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Diesel demand projected to soar on economic growth

Economic growth in the United States will cause demand for diesel to rise over coming decades, even as gasoline use continues a steady decline, according to a federal analysis released this week.  More »
An abandoned watchtower and lines of barbed wire are seen surrounding Iraq's largest oil refinery as smoke rises from a petroleum gas flare, in the city of Beiji, north of Baghdad. (AP Photo/Ivan Sekretarev, File)

Iraq militants launch fresh raid on oil refinery

Sunni militants launched a dawn raid Wednesday on a key Iraqi oil refinery they have been trying to take for days but were repelled by security forces, a commander on the scene said.  More »
(AP Photo)

EPA claims victory in Supreme Court decision on pollution rules

The Supreme Court upholds the EPA’s efforts to limit greenhouse gases from power plants, refineries and factories — a key affirmation of the Obama administration’s climate agenda.  More »
Photo:  commons.wikimedia.org

California city pursues gas-pump warning labels

The San Francisco Bay Area city of Berkeley is moving forward with plans to put climate-change warning labels on gas pumps in what could be the first such requirement of its kind in the nation.  More »
(Simon Strandgaard/Flickr)

Oil companies sued for MTBE pollution in Pennsylvania

The companies’ conduct was “wanton, malicious, oppressive and fraudulent,” the lawsuit said, and they “fraudulently, deceptively and unfairly” marketed MTBE as safe for the environment.  More »
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