Killajoules

Valero to Triple Capacity at Its Avonmouth Terminal
Valero Energy Ltd is strengthening its supply position in the South West after announcing that Valero Logistics UK Ltd. will triple capacity at its fuel terminal in Avonmouth, making all grades of fuel available. The multi-million pound project will see the addition of three new storage tanks, which will expand storage capacity for gasoline and diesel, as well as adding kerosene and gasoil to the range of quality Valero products available from this location.

Foster Wheeler Signs Services Agreement with Valero Refinery in the UK
Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has signed an evergreen agreement with Valero Energy Ltd (Valero) for the provision of home office engineering and project support services to Valero’s Pembroke Refinery and other facilities in the UK.

Valero Starts Up New Hydrocracker Unit at Port Arthur Refinery
The new hydrocracker unit at the Valero Port Arthur Refinery has successfully and safely begun operations and is increasing toward planned rates on schedule. The new hydrocracker unit's throughput is rated at 60,000 bpd, but permit constraints effectively limit throughput to 57,000 bpd.

Valero Energy to Convert Aruba Refinery to Terminalling Operation
Valero Refining Company-Aruba N.V., a subsidiary of Valero Energy Corporation (NYSE: VLO), today notified employees of the Valero Aruba Refinery that Valero has decided to further reduce operations and reorganize the site as a refined products terminal.

Valero Energy Reports Second Quarter 2012 Results and Plans to Pursue Separation of Retail Business
Valero Energy Corporation ("Valero," NYSE: VLO) today reported net income attributable to Valero stockholders from continuing operations of $831 million, or $1.50 per share, for the second quarter of 2012, compared to net income attributable to Valero stockholders from continuing operations of $745 million, or $1.30 per share, for the second quarter of 2011.

Valero Energy to Suspend Refining Operations At Aruba
Valero Energy Corporation (NYSE: VLO) today announced that due to unfavorable refinery economics and the outlook for continued unfavorable refinery economics, refining operations will be suspended by the end of the month at its subsidiary's 235,000 barrel-per-day refinery in Aruba. The refinery has been operating at reduced rates because of inadequate margins resulting in financial losses.

Valero Completes Purchase of Meraux Refinery and Related Assets
Valero Energy Corporation (NYSE: VLO) announced today that it has completed its acquisition of Murphy Oil USA Inc.’s Meraux, La. refinery and related logistics assets for $325 million plus inventories valued at approximately $260 million.

New $220 Million Kinder Morgan-Valero Pipeline Will Expand Fuel Supply to Southeast United States
Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced it will build and operate a new 136-mile, 16-inch pipeline to transport gasoline, jet fuel and diesel from refineries in Norco, La., to an existing petroleum transportation hub in Collins, Miss., owned by Plantation Pipe Line Company. (Kinder Morgan owns 51 percent of Plantation Pipe Line Company and operates the system.) From this hub the refined petroleum products will be transported by pipeline systems, including Plantation, that serve major markets in the southeastern United States.

NuStar, Valero Agree to South Texas Pipeline Projects Aimed at Increasing Transportation of Eagle Ford and Other Crude Sources
NuStar Energy L.P. (NYSE: NS) announced today that the company has entered into an agreement with Valero Energy Corporation (NYSE: VLO) in which NuStar will modify existing sections within its South Texas pipeline system and build new sections to transport Eagle Ford and other crude oils. These projects will help Valero improve transportation of crude and condensate to supply its refineries in Three Rivers, Texas and Corpus Christi, Texas.

MURPHY ANNOUNCES MERAUX REFINERY SALE
Murphy Oil Corporation (NYSE: MUR) announced today that it has entered into an asset purchase agreement pursuant to which its wholly-owned subsidiary, Murphy Oil USA, Inc., will sell its refinery in Meraux, Louisiana and related assets.