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Mansfield Oil Honored As Business Technology Innovator

Mansfield’s Entinuum project works to alleviate transactional complexities in the downstream energy sector.             For the third consecutive year, Mansfield Oil Co. has been named to the 2012 InformationWeek 500, a list comprised of the most innovative users of business technology in the U.S. The annual list was revealed at a gala awards ceremony during

delek

Delek US Holdings Makes Records With Second Quarter Income Levels

Delek US Holdings manages to reduce its debt after reporting high income levels for its second quarter 2012. Delek US Holdings Inc., a diversified energy company with assets in the petroleum refining, marketing and retail industries, reported its second quarter results for 2012. For the three months ended June 30, Delek US recorded a net

ethanol

Ethanol Industry Touts Lower Gas Prices with New “Open Road” Ads

Following on the success of its long-running “Right Here, Right Now” ads, the Renewable Fuels Association (RFA) is debuting a new ad which focuses on ethanol’s ability to lower gas prices at the pump and offer consumers relief in a difficult economy. The “Open Road” campaign is the first of its kind, focusing on ethanol

acquisition

EZ Energy Sells U.S. Stations

Sale expected to close Sept. 15. Israel-based EZ Energy Ltd. is selling its U.S. gas station and c-store operations for $64 million to a foreign operator, whose name has yet to be disclosed, Globes reported. The proceeds derived from the sale are expected to cover all the company’s debt to Israeli bondholders and the loans

SUNOCO

Sunoco Acquired By Energy Transfer Partners

As part of the acquisition agreement, ETP is to own Sunoco’s branded retail business, which includes approximately 4,900 retail locations in the U.S. Energy Transfer Partners L.P. (ETP) has acquired Sunoco Inc. The two companies today announced that they have entered into a definitive merger agreement whereby ETP will acquire Sunoco in a unit and

shellpumps

Shell’s Smart Driving Program Kicks Off

The Taylors will drive throughout the 48 contiguous states to demonstrate improved fuel efficiency. As global energy demand continues to rise, Shell is helping to improve energy use for transportation through Smarter Mobility. Demonstrating that improved fuel efficiency is possible today, the Shell Smarter Driving program helps inform motorists on how to make the most

delek

Delek US Acquires Remaining Interest in Lion Oil

“We have increased flexibility with which to pursue a wider range of strategic initiatives capable of unlocking value for our shareholders,” says Delek US Holdings CEO. Delek US Holdings Inc., a diversified energy company with assets in the petroleum refining, marketing and retail industries, has acquired the remaining 11.7% minority equity interest in Lion Oil

RBG, Haskel Thompson & Associates Join Forces

Ft. Myers, Fla.-based Haskel Thompson & Associates LLC has welcomed Royal Buying Group Inc. (RBG) into its Strategic Alliance Program. RBG, headquartered in Lisle, Ill., represents 6,000 convenience locations nationwide. “Our two companies share a joint vision dedicated to maximizing sales and profitability of convenience store and petroleum locations,” said Haskel Thompson. “We are proud

Suncor Energy To Sell Non-Core Rosevear and Pine Creek Assets

Calgary, Alberta-based Suncor Energy has reached an agreement to sell certain natural gas properties for about $235 million (Canadian dollars), with an effective date of Jan. 1, 2010. The current production on these lands is approximately 20.5 mmcf/d of gas and 540 barrels per day of liquids. The sale includes properties known as Rosevear and

Army And Air Force Exchange Service Awards Contract to FuelQuest

FuelQuest Inc., an on-demand software and services company for the global downstream energy industry, has entered a multi-year contract with the Army and Air Force Exchange Service (AAFES). Under the new agreement, FuelQuest’s Fuel Center, the company’s outsourced fuel management service, will source, monitor, replenish and reconcile retail motor fuel for AAFES’ service locations in North America.

Valero Renewables Acquires Jefferson Ethanol Plant

Valero Renewable Fuels Company LLC, a wholly owned subsidiary of San Antonio-based Valero Energy Corporation has closed on the purchase of an ethanol plant from Renew Energy. The plant, located near Jefferson, Wis., has an annual production capacity of 110 million gallons. Valero paid $72 million for the plant. The purchase gives Valero Renewables a

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