Valero may split off retail operations
Valero Energy may split its retail business from the rest of the company. It is reviewing several ways to separate its retail operations, including a distribution to shareholders, the company said.
View ArticlePanelist reviewing fracturing study has his own industry ties
A retired aerospace executive - appointed to review a study on hydraulic fracturing after it was disclosed the study's author has strong industry ties - has such ties himself.
View ArticleFuel price surge likely to ease
Filling up has taken a bigger bite out of wallets this month, as gasoline prices in Houston have jumped 23 cents in the last 30 days.
View ArticleShale jobs attract interest from far away
The Eagle Ford Shale is a job- creation machine, and the word has reached job hopefuls far from the South Texas oil play.
View ArticleDrug tests one barrier for Eagle Ford job seekers
Employers say they’re rejecting 30 percent to 40 percent of all shale job applicants because they can’t pass a pre-employment drug test, said Leodoro Martinez, who moderated a panel discussion about...
View ArticleSolar power can help the Texas grid meet power needs
Solar power, once viewed as an unlikely generator of electricity needed to meet peak power demand, is gaining new fans as a way to boost power generation.
View ArticleWal-Mart offers break at pumps
Wal-Mart Stores Inc. will give customers who use its cards as much as a 15 cents-a-gallon discount on fuel for four months, a move an analyst said is designed to re-establish the retail giant's...
View ArticleWinter gasoline will bring relief at the pump
Starting on Oct. 1 in Houston, drivers will fill up with winter-grade gasoline, which is cheaper for refiners to make than summer-grade gasoline.
View ArticleValero restarts two ethanol plants
Valero said it restarted two ethanol plants in the Midwest because of improved margins.
View ArticlePanel criticizes fracking study, UT ethics rules
A review panel that examined conflict-of-interest charges against the leader of a University of Texas at Austin study on hydraulic fracturing released a report Thursday that harshly criticized the...
View ArticleLeader selected to run spinoff’s retail stores
San Antonio-based refiner Valero Energy Corp. provided more details Monday about a planned spinoff of its retail stores, and it announced a new retail chieftain as well as other changes to its...
View ArticleNuStar to sell San Antonio refinery
San Antonio-based NuStar Energy LP said Monday it has agreed to sell its San Antonio refinery and related assets to an Indianapolis-based master limited partnership for $115 million.
View ArticleValero to ship Eagle Ford crude to Quebec plant
Valero Energy Corp. has secured a permit from the U.S. Commerce Department to ship crude oil from the Gulf Coast to its plant in Quebec as part of a plan to lower the cost of its feedstock.
View ArticleValero’s Gorder could eventually get top job
When the time comes for Valero Energy Corp. CEO Bill Klesse to relinquish his role as head of the giant refining company, the odds-on favorite to succeed him is company veteran Joe Gorder.
View ArticleTesoro will convert Hawaii refinery to a terminal
Tesoro is converting its Kapolei Refinery in Hawaii into a terminal, then will put it up for sale.
View ArticleClosed refinery revived with Eagle Ford crude
The Nixon refinery had been mothballed for years. But it's processing crude oil again thanks to the wide margins that can be achieved by using oil from the Eagle Ford shale.
View ArticleValero profits double to $1 billion
San Antonio-based Valero Energy Corp. on Tuesday logged its highest fourth-quarter earnings per share since 2005, as profit more than doubled because of higher margins in all areas where the company...
View ArticleNuStar reports $11 million loss
Hedging losses and canceled capital projects led to a fourth-quarter loss for San Antonio-based pipeline company NuStar Energy LP.
View ArticleValero CEO touts company’s advantages
Valero Energy Corp. has advantages over its competitors because of the San Antonio refiner’s increasing production of high-margin distillates and its low operating costs, CEO Bill Klesse said Wednesday...
View ArticleTesoro posts quarterly profit
San Antonio-based Tesoro Corp. swung to a profit in the fourth quarter, but its earnings were diminished by a charge related to its decision to close its refinery in Hawaii.
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