Telvent DTN’s customer-centric terminal automation solutions for the oil and gas industry win recognition. Frost & Sullivan has recognized Telvent DTN, a real-time IT solutions and information provider, with its 2011 North American Frost & Sullivan Award for Customer Value Enhancement based on its recent analysis of the terminal automation market for the oil and [...]
For many, many years the power of the Big Oil brands was indisputable. They owned the refineries, the stations and the credit card networks to boot. While my father was an Exxon dealer and jobber for more than 30 years I distinctly remember seeing Shell and Texaco credit cards lying around the house. In those [...]
As ConocoPhillips splits, it reveals which assets are set to be part of its new exploration-and-production company. ConocoPhillips plans to complete the spinoff of its refining company in the second quarter of 2012, providing stockholders with one share in the new refining entity for every two shares they currently own, the Wall Street Journal reported. [...]
Atlas partners with the U.S. Army on key activities for the week, including a career fair and flag raising ceremony. Taylor, Mich.-based Atlas Oil plans to host a Remembrance Week Sept. 12-16, to commemorate the 10th Anniversary of 9/11 and to thank first responders for their dedication and service to our country. The U.S. [...]
“We’re proud to have Foster Blue Water as a Clark licensee,” says Clark CEO. Clark Brands LLC announced that Foster Blue Water Oil of Richmond, Mich., has branded with Clark. The partnership will continue the growth of the Clark brand in southeast Michigan. Clark will provide customized branding and marketing programs as Foster Blue Water [...]
Coulson Oil Co. sponsored the Central Arkansas Radiation Therapy Institute (CARTI) in its Tour de Rock cycling event to raise money toward cancer research. For more than 40 years, Coulson Oil Co. has been a strong supporter of local community events and organizations. In June, the company was the presenting sponsor of the Central Arkansas [...]
CITGO Petroleum Corp. is celebrating its 100-year heritage today, Sept. 2. The brand dates back to the Cities Service Co. and continues today as a U.S. petroleum refining and marketing company. With the backing of its shareholder, Petroleos de Venezuela, S.A., the national oil company of the Bolivarian Republic of Venezuela, CITGO is the third largest independent refiner, [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN After inching off a one-month low last week to $272.2 gallon, the U.S. retail gasoline average is poised to post its second straight weekly increase, following wholesale costs higher. The US price benchmark for gasoline, the Reformulated Blendstock for Oxygenate Blending futures contract that trades on [...]
BP officially announced today that Tony Hayward is stepping down as CEO and being replaced by Robert Dudley effective Oct. 1, the Associated Press reported. As an American, Dudley marks BP PLC’s first ever non-British chief executive, the company said as it reported a record quarterly $17 billion loss and set aside $32.2 billion to [...]
BP finally stopped the flow of oil into the Gulf of Mexico on Thursday – 85 days and 184 million gallons after the Deepwater Horizon oil spill began on April 20, the Associate Press reported. Now begins a 48 hour wait to see if the capped-off well holds or blows a leak, as engineers monitor [...]
As Anabi Oil Corp. moves to buy certain Shell-branded gasoline properties and related wholesale distribution rights in Northern and Southern California, The Central Valley Fund (CVF) and its co-investor, San Diego-based Huntington Capital, have partnered to support the acquisition. CVF, a private investment fund focused on middle market Central Valley companies, has announced an $8.5M [...]
Des-Moines, Iowa-based Seneca Cos. has been granted a Safety Award from the Iowa-Illinois Safety Council for outstanding achievement in accident prevention during the 2009 calendar year. The company offers multiple divisions to handle Petroleum construction, remodels and service, as well as environmental clean-up, remediation and the use of potentially dangerous machinery for industrial cleaning, hydroblasting [...]
The U.S. Court of Appeals for the Fifth Circuit ruled last week that the Obama administration could not impose a six-month moratorium on Gulf of Mexico deepwater drilling, according to the New York Times. A three-judge panel ruled 2-1 that the administration did not prove “irreparable injury” is likely if the moratorium is not [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices are poised for sharp increases across the country in early April following big gains in the wholesale market right in front of the Easter holiday, which follows mostly flat to lower prices at many local stations in late March. Driving the advance in [...]
Dallas-based 7-Eleven Inc. is ready to expand in Las Vegas, with 15-20 more stores in the next three years. Starbucks, meanwhile has closed 12 locations in the area, Las Vegas Review Journal reported. The c-store chain already runs 160 convenience stores in Clark County, Las Vegas, but recently hired a commercial real estate firm to [...]