Business news reporter following the oil and gas industry, including refining, as well as small business topics.

Article 26
Valero Energy’s profit jumps 30 percent

Valero, the nation’s largest refiner, attributed the higher net income mostly to higher margins in its refining segment and healthy demand. ...

Pioneer Energy reports quarterly loss

The San Antonio-based company attributed the decline to reduced drilling activity and pricing as a result of lower oil and gas prices. ...

NuStar Energy’s net income declines

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. ...

Valero beats Wall Street estimates

Refiner Valero Energy Corp. earned higher margins on its products in the fourth quarter, although the company’s net income fell by 5 percent. ...

Canadian drilling services firm files bankruptcy

A Canadian company that expanded into South Texas in 2012 with a pioneering waterless technique to fracture shale rock has filed for bankruptcy protection as it seeks to reorganize. ...

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. ...

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. ...

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