Cary, N.C.-based The Pantry Inc., operator of Kangaroo Express stores and Marathon Petroleum Co. LLC, the refining, marketing and transportation operations of Marathon Oil Corp. have announced a joint-branding fueling agreement set to take place this fall. Under the terms of the agreement, Marathon will supply fuel to more than 600 Pantry locations, with a…
Gas Station TV Hits 26 Million Monthly Impressions
Gas Station TV, a national away-from-home television network delivering a one-to-one consumer viewing experience, reached 26 million monthly Nielsen-verified fueling impressions this month, at a time when traditional home broadcast television is hitting historic record low viewership. For more than two years, Gas Station TV has been delivering Nielsen Pocketpieces to the advertising community. Next…
Hess Estimates Second Quarter Results
Hess Corp. has reported its estimated results for the second quarter of 2010, including a net income of $375 million compared with net income of $100 million for the second quarter of 2009. Exploration and production earnings totaled $488 million in the second quarter of 2010 compared with $215 million in the second quarter of 2009.…
Gasoline Pushes Higher
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’s Hayward To Be Replaced
BP’s Tony Hayward, whose blunders in relation handling the oil spill in the press have created an outcry, is on his way out as CEO, a U.S. government official told the Associated Press. The senior U.S. official who spoke on condition of anonymity because an announcement had not been made, told the Associated Press he…
Robert Dudley Promoted To CEO of BP
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…
Tiger Management Acquires 26 Exxon Stations
Tiger Management Groups LLC, owned by Chattanooga, Tenn. businessman Lyle Finley, has acquired 26 ExxonMobil gas stations in the Nashville area, The Tennessean reported. Finley already owns and operates 11 Exxon gas stations, and this new purchase grows his store count to 37 locations. The purchase also puts Irving, Texas-based Exxon closer to its…
BP Selling Upstream U.S. Assets To Apache
BP is selling its upstream assets in the U.S., Canada and Egypt to Apache Corp., outlined in a number of agreements this week. The deals together total $7 billion, and comprise BP’s Permian Basin assets in Texas and south-east New Mexico in the U.S.; its Western Canadian upstream gas assets; and the Western Desert business…
Fallout Continues After BP Stops Spill
Even as BP Corp. has announced that it had succeeded in its attempt to choke off the flow of oil spilling into the Gulf of Mexico, gas stations with BP branded gas continue to experience backlash from consumers angry over the disaster. In Bay Minette, Ala., yesterday a BP gas station was vandalized-with angry messages…
Sheetz Opens Haynes Street Store
Sheetz opened a new store yesterday on Haynes Street in Johnstown, Pa., but motorists will have to wait a while to service their cars at the new gas station. The store still has to have new underground tanks installed before its gas business can be up and running, a process that is expected to…