David McPhee

Americas

Earnings down 22% in 2019 for Texas-based Valero Energy

Valero Energy Corp. said Thursday it finished 2019 with earnings of $2.4 billion, down more than 22 percent from the prior year, which the company attributed to higher prices it paid for sour crude and high gasoline inventories.

Health & Safety

Can mindfulness keep offshore workers safe?

The risks of working in the offshore energy industry are well-documented – long hours, dangerous equipment, extreme weather and weeks away from family and friends. The results can be catastrophic, illustrated by the 2010 blowout on the Deepwater Horizon drilling rig, which killed 11 people and spilled millions of barrels of crude oil into the Gulf of Mexico.