Marathon Oil Corp. is in the process of purchasing four CITGO oil terminals in Ohio. The sale also includes a facility in Dayton. The Dayton Business Journal reported that the company reached an agreement to buy the terminals and purchase ownership interest in Inland Pipeline from Houston-based CITGO Petroleum Corp. When the deal closes, the…
bp surprises analysts
Third quarter results turn better numbers than expected. BP Plc has reported profit decline less than analysts estimated in the third quarter and said its two largest U.S. refineries are increasing production, according to Bloomberg.com. According to the report, profits excluding one-time items and changes in inventories dropped 6.4%, outgrowing analysts’ estimates for a second…
floridas faulty gas pumps
Florida gas customers have something to worry about other than paying above the national average per gallon: malfunctioning pumps that could be siphoning even more of their hard-earned money. A recent study conducted by South Florida Sun-Sentinel found as many as 34% of the gas stations in the state have at least one pump that…
chevron to increase us fuel production
Oil company to invest $500 million to expand Pascagoula, Miss. refinery. Chevron Corp., the second largest U.S. oil and gas company based in San Ramon, Calif., said today it plans to build a major gasoline production unit at its refinery in Pascagoula, Mississippi. The construction of the continuous catalyst regeneration project, estimated to cost around…
no drivethrough cstore for canadian retailer
Plan hits a dead end after local residents circulated a petition. A plan to open the first drive-thru convenience store in St. John’s, New Foundland, has collapsed before it even made it to the checkout. North Atlantic Petroleum Co. had planned to open the drive-thru, but residents opposed and circulated a petition to complain that…
clean cities push 375 million gallons of gas in 2006
New report shows 50% increase from year before. The Department of Energy’s (DOE) has revealed that its Clean Cities coalitions around the nation displaced the equivalent of 375 million gallons of gasoline in 2006, according to a recent report from the DOE National Renewable Energy Laboratory (NREL). The amount of gasoline displaced in 2006 was…
bps structure on the chopping block
CEO Hayward revealed plans to scale down company. BP Plc has created and unveiled a new plan to streamline its structure. The new plan will slash the amount of business units and do away with management layers, thanks to a poor financial performance that has left the Big Oil company behind the competition, according to…
utica energies suit dismissed
Renew E-85 case still in court. Winnebago County Circuit Court Judge Barbara Key has dismissed Utica Energy LLC from a lawsuit filed by 42 Green Bay-area convenience store operators that have accused the company and Renew E-85 LLC ethanol stations of unfair gas pricing, according to the Oshkosh Northwestern. Though the case against Renew E-85…
irving celebrates five years of care
Fuel for Care program spends half a decade providing gas for sick families. This October marks the fifth year of Irving Oil’s Fuel the Care program. The program helps families pay for fuel when they drive between home and hospital for their children’s medical care. To celebrate this anniversary, Irving Oil will donate $200,000 to…
rutters concludes the fuel up for free
Fourth winner awarded free gas for three years in giveaway. Thanks to Rutter’s Farm Stores “Fuel Up For Free” giveaway, Steve Slyder is taking his family on a vacation to West Virginia in October, and he’ll definitely be stopping at a few units of the York, Pa.-based chain on his way out of town. Slyder…