Refining

Downstream news: fuels, refining and chemicals
NRG Energy's W.A. Parish power plant in Fort Bend County will begin capturing some of its carbon emissions in 2016. (NRG Energy photo)

Guest commentary: Partnerships needed to tackle global energy challenges

The global energy industry must seek new avenues to meet growing demand.  More »
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Commentary: Hitting the gas…and the brakes

There is an interesting set of twists and turns at play between US unemployment data, vehicle sales, and gasoline demand.  More »
(StockMonkeys.com/Flickr)

Kansas town loses bid for new trial over BP pollution suit

The Kansas Court of Appeals on Friday rejected the request from residents and officials of Neodesha, who sued in 2004 for more than $478 million in cleanup costs plus damages.  More »
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Tesoro names new executives

Refiner Tesoro Corp. is hiring two new executives, including a new chief financial officer and an executive vice president for strategy.  More »
(Johnny Hanson / Houston Chronicle )

Venezuela says Citgo assets worth more than $10 billion

PDVSA is seeking to sell Citgo assets, the U.S. unit said in a July 29 bond prospectus document.  More »
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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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