See Full Genealogy of Major U.S. Refiners
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
Perspectives on Climate-Related Scenarios Risks and Opportunities Table of Contents
October 2019 Perspectives on Climate-Related Scenarios Risks and Opportunities Table of Contents 3 Letter from the Chairman and CEO 36 Metrics and Performance Data 4 About MPC 37 Managing Physical Risks to Our Facilities 6 Introduction 41 Conclusions 7 Governance and Risk Management 43 Endnotes 10 Climate Scenario Planning 43 Forward-looking Statements 30 Energy Strategy and Performance GLOSSARY OF TERMS barrel: 42 U.S. gallons — a common volume ERM: Enterprise Risk Management measure for crude oil and petroleum products GHGs: Greenhouse gases, such as carbon dioxide barrel of oil equivalent or boe: is a unit of energy and methane based on the energy released by burning one barrel IEA: International Energy Agency of crude oil or 5.8 million British thermal units. IEA’s CPS: Current Policies Scenario bpcd: barrels per calendar day — the average of how much crude oil or other feedstock a refinery IEA’s NPS: New Policies Scenario processes over a period of time, divided by the IEA’s SDS: Sustainable Development Scenario number of days in that period, typically 365 days (a LNG: Liquefied natural gas common rate measure for petroleum refineries) LPG: Liquefied petroleum gases bpd: barrels per day — a common rate measure for crude oil and petroleum products Tonne or metric ton: 2,205 pounds Carbon dioxide equivalent is a common unit MPC: Marathon Petroleum Corporation CO2e: of measurement converting all greenhouse gases NGL: Natural gas liquid — a light hydrocarbon to carbon dioxide. MPC calculates CO2e emissions liquid often produced with natural gas using the EPA factors identified in Equation A-1 in Scope 1 Emissions: All direct GHG emissions by 40 CFR Part 98. -
Oil Company Strategies from 1970 to the Present
5.2 Oil company strategies from 1970 to the present Since 1970, the world oil and gas industry has been three-and-a-half decades. The most notable change transformed by a series of massive shifts in the has been the widening international diversity of economic, political and technological environment. the leading companies. The newcomers to the Adapting to these external forces has involved ranks of the major oil and gas companies were major changes in the strategies of the oil and gas primarily state-owned companies that were based companies. The impact of these changes is either in major petroleum producing countries indicated by a comparison of the leading (Pemex of Mexico, Statoil of Norway, PDVSA of companies in the industry in 1970 and in 2004 Venezuela, Gazprom of Russia) or in major (Table 1). In 1970, the industry was dominated by consumer countries (China Petroleum & Chemical the Seven Sisters,1 the leading US and and PetroChina of China, SK Corporation of European-based petroleum companies that South Korea, Indian Oil of India). Indeed, our list pioneered the development of the industry for most grossly understates the importance of the national of the Twentieth century. Five of the sisters were oil companies from several oil producing American: Exxon (then, Standard Oil New Jersey), countries because they do not publish financial Mobil, Chevron (then, Standard Oil California), accounts. On the basis of their estimated revenues, Texaco, and Gulf Oil; the remaining two were Saudi Aramco and National Iranian Oil European: Royal Dutch/Shell Group, the Corporation would certainly be included in our Anglo-Dutch joint venture, and British Petroleum top-20 for 2004. -
Marathon Agreement
UNITED STATES OF AMERICA BEFORE THE FEDERAL TRADE COMMISSION __________________________________________ ) In the Matter of ) ) Marathon Petroleum Corporation, ) a corporation, ) ) Express Mart Franchising Corp., ) File. No. 181-0152 a corporation, ) ) Petr-All Petroleum Consulting Corporation, ) a corporation, and ) ) REROB, LLC, ) a limited liability company. ) __________________________________________) AGREEMENT CONTAINING CONSENT ORDERS The Federal Trade Commission (“Commission”) has initiated an investigation of the proposed acquisition by Respondent Marathon Petroleum Corporation, through its wholly owned subsidiary, Speedway LLC (collectively “Marathon”), of retail fuel outlets from Respondents REROB, LLC, Petr-All Petroleum Consulting Corporation, and Express Mart Franchising Corp. (collectively “Proposed Respondents”). The Commission’s Bureau of Competition has prepared a draft administrative complaint (“Draft Complaint”). The Bureau of Competition, Proposed Respondents, and Sunoco LP (“Sunoco”) enter into this Agreement Containing Consent Orders (“Consent Agreement”) to divest certain assets and providing for other relief to resolve the allegations in the Draft Complaint through a proposed Decision and Order and Order to Maintain Assets, all of which are attached, to present to the Commission. IT IS HEREBY AGREED by and between Proposed Respondents and Sunoco, by their duly authorized officers and attorneys, and counsel for the Commission that: 1. Proposed Respondent Marathon Petroleum Corporation is a corporation organized, existing, and doing business under, and by virtue of, the laws of the State of Delaware, with its office and principal place of business located at 539 South Main Street, Findlay, Ohio 45840. 2. Proposed Respondent Express Mart Franchising Corp. is a corporation organized, existing, and doing business under, and by virtue of, the laws of the State of New York, with its office and principal place of business located at 7401 Round Pond Road, Syracuse, New York 13212. -
Marathon Petroleum's Galveston Bay Division
Case Study Marathon Petroleum’s Galveston Bay Division Embarks on Multi-Year Upgrade Path “Our first challenge is to create a new infrastructure that we can build on for Levels 1, 2 and 3. Because Honeywell has extended the life of certain products, we can migrate portions of our old antiquated systems slowly, giving us time to migrate such things as HPMs.” - Marcos Espinosa, Marathon Petroleum Corp., Galveston Bay Refinery Background The Galveston Bay Refinery began operation in 1934 as a Pan Headquartered in Findlay, Ohio, Marathon Petroleum Corpora- American Oil refinery and was later purchased by Amoco. In tion (MPC), together with its subsidiaries, including Marathon 1998, refinery ownership changed as Amoco Oil merged with BP. Petroleum Company LP, Speedway LLC and MPLX LP, is one of Since 2005, the refinery has undergone significant renovation the largest petroleum product refiners, marketers and transpor- and upgrades to units and site infrastructure. MPC purchased the ters in the United States. refinery from BP on February 1, 2013. MPC is the nation’s fourth-largest refiner and the largest refiner in Operations include crude distillation, hydrocracking, catalytic the Midwest. Its refining, marketing and transportation operations cracking, hydrotreating, reforming, alkylation, aromatics extrac- are concentrated primarily in the Midwest, Gulf Coast and South- tion, sulfur recovery and coking east regions of the U.S. Benefits MPC operations are strategically located to serve major markets. Since this upgrade effort is in progress, over a significant time- They include a seven-plant refining network, a comprehensive frame, benefits can be stated in terms of expectations. The instal- terminal and transportation system, and extensive wholesale and lation and implementation will provide the foundation for several retail marketing operations. -
Atlantic Refining Co
PENNSYLVANIA HISTORIC RESOURCES SERIES: ATLANTIC REFINING CO. 2006 BELLEFONTE INDUSTRIES Atlantic Refining Company Published by Bellefonte Borough 236 W. Lamb St., Bellefonte, PA 16823 814.355-1501 What is the Historical Resources Series? Under a local history grant from the Pennsylvania Historical and Museum Commission, Bellefonte conducted research and documentation of the industrial heritage of the Spring Creek waterfront. As part of this project, Pennsylvania Historic Resource Survey forms were completed to document each surviving industrial resources and evaluate its significance. The Eagle Silk Mill was determined eligible for inclusion in the National Register as a contributing element of the Bellefonte Historic District. --by Erin Hammerstedt OVERVIEW (ABOVE) OF THE ATLANTIC REFINING COMPANY PROPERTY, ILLUSTRATING THE HISTORIC BRICK OFFICE BUILDING AND MODERN ADDITIONS THAT HAVE OCCURRED TO ACCOMMODATE SUBSEQUENT USES. ALTHOUGH THE FEATURES SUCH AS OIL TANKS AND SIGNAGE IDENTIFYING THE ATLANTIC REFINING COMPANY HAVE BEEN REMOVED, THIS PROPERTY HAS THE POTENTIAL TO BE REDEVELOPED TO CONTRIBUTE TO BELLEFONTE’S WATERFRONT DISTRICT. had been established four years earlier. In The Atlantic Refining Company developed this 1874, John D. Rockefeller purchased the property beginning in 1898. From 1898 to company, making it part of the Standard Oil 1956, the property served the oil company. Trust. When the Sherman Antitrust Act From 1962 to 1988, the property (plus two dissolved Standard Oil in 1911, the Atlantic additional tracts of land) served as a building Refining Company was spun off as an supply store, and from 1988 to 2002 it housed independent company. The Atlantic Refining a screen-printing business. Company operated independently until 1963, when it purchased the Hondo Oil and Gas The Atlantic Refining Company was Company. -
A Field Guide to Gas Stations in Texas
Historical Studies Report No. 2003-03 A Field Guide to Gas Stations in Texas By W. Dwayne Jones A Field Guide to Gas Stations in Texas by W. Dwayne Jones Prepared For Environmental Affairs Division Historical Studies Report No. 2003-3 Prepared by Knight & Associates October 2003 A Field Guide to Gas Stations in Texas Copyright © 2003 by the Texas Department of Transportation (TxDOT) All rights reserved. TxDOT owns all rights, title, and interest in and to all data and other information developed for this project. Brief passages from this publication may be reproduced without permission provided that credit is given to TxDOT and the author. Permission to reprint an entire chapter or section, photographs, illustrations, and maps must be obtained in advance from the Supervisor of the Historical Studies Branch, Environmental Affairs Division, Texas Department of Transportation, 118 East Riverside Drive, Austin, Teas, 78701. Copies of this publication have been deposited with the Texas State Library in compliance with the State Depository requirements. For further information on this and other TxDOT historical publications, please contact: Texas Department of Transportation Environmental Affairs Division Historical Studies Branch Lisa J. Hart, Supervisor Historical Studies Report No. 2003-3 Bruce Jensen, Series Editor Editing and production of this report was directed by Knight & Associates 3470 Jack C. Hays Trail Buda, Texas 78610 ISBN 1-930788-51-7 A Field Guide to Gas Stations in Texas Table of Contents Introduction . 1 Looking at Gas Stations . 11 1910-1920: Drive-Up Gas Stations . 23 1920-1930: Full Service / Corporate Identification Gas Stations . 33 1930-1940: Machine Made / Streamlined – The Depression Era . -
Marathon Petroleum Corporation [email protected]
February 6, 2017 Molly R. Benson Marathon Petroleum Corporation [email protected] Re: Marathon Petroleum Corporation Incoming letter dated December 23, 2016 Dear Ms. Benson: This is in response to your letter dated December 23, 2016 concerning the shareholder proposal submitted to MPC by the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union. We also received a letter from the proponent on January 18, 2017. Copies of all of the correspondence on which this response is based will be made available on our website at http://www.sec.gov/divisions/corpfin/cf-noaction/14a-8.shtml. For your reference, a brief discussion of the Division’s informal procedures regarding shareholder proposals is also available at the same website address. Sincerely, Matt S. McNair Senior Special Counsel Enclosure cc: Shawn Gilchrist USW [email protected] February 6, 2017 Response of the Office of Chief Counsel Division of Corporation Finance Re: Marathon Petroleum Corporation Incoming letter dated December 23, 2016 The proposal urges the board to report on the steps the company has taken to reduce the risk of accidents. The proposal further specifies that the report should describe the board’s oversight of process safety management, staffing levels, inspection and maintenance of facilities and other equipment. We are unable to concur in your view that MPC may exclude the proposal under rule 14a-8(i)(10). Based on the information you have presented, it does not appear that MPC’s public disclosures compare favorably with the guidelines of the proposal. Accordingly, we do not believe that MPC may omit the proposal from its proxy materials in reliance on rule 14a-8(i)(10). -
Standard Oil Company Standard Oil of Ohio Standard Oil of Nebraska National Transit Company Crescent Pieline Co
Prairie Oil and Gas Co. Standard Oil of Kansas Standard Oil of Indiana Solar Refining Standard Oil Company Standard Oil of Ohio Standard Oil of Nebraska National Transit Company Crescent Pieline Co. Standard Oil Company Standard Oil Company of Kentucky Phillips Petroleum Company Chevron Marathon Oil Corportation Standard Oil Company Chevron Texaco Union Tank Car Company Standard Oil Company Atlantic Petroleum Waters-Pierce Oil Co. Sinclair Cumberland Pipe Line Co. Standard Oil Company Continental Oil Co. Borne-Scrymser Company South Penn Oil Company Colonial Oil Standard Oil Company Standard Oil Company of California SOCONY-Vacuum Mobil Vacuum Oil Company Anglo-american Oil Co. New York Transit Company Indiana Pipe Line Company Standard Oil Company Northern Pipeline Compnay Buckeye Pipe Line Company Chesebrough Manugacturing Exxon Standard Oil Company South West Pennsylvania Pipe Line Co. Marathon Oil Company Texaco Marathon Oil Corportation Standard Oil Company Royal Dutch / Shell Standard Oil Company of California Galena-Signla Oil Company Marland Oil Swan & Finch Company Standard Oil Company Eureka Pipe Line Company Gulf Oil Standard Oil Co. of New Jersey ExxonMobil Standard Oil Company Standard Oil of New Jersey Standard Oil Co. of New York Southern Pipe Line Company The Ohio Oil Company South Penn Oil Standard Oil Company Consolidated Oil Corporation Atlantic Richfield Company Sinclair Oil Corporation Chesebrough-Ponds Standard Oil Company SOHIO Amoco Borne-Scrymser Company South West Pennsylvania Pipe Line Co. Standard Oil Company Unilever Pennzoil National Transit Company Swan & Finch Company Ashland Inc. Prairie Oil and Gas Co. Standard Oil of Kansas Standard Oil of Indiana Solar Refining Standard Oil Company Standard Oil of Ohio Standard Oil of Nebraska National Transit Company Crescent Pieline Co. -
Federal Register/Vol. 65, No. 202/Wednesday, October 18, 2000
62348 Federal Register / Vol. 65, No. 202 / Wednesday, October 18, 2000 / Notices milestones, some of which may be slots and gaps that provide a pathway controls are or will be installed on their combined to expedite processing: for evaporative product losses and slotted guidepoles. Experience to date Notice of application has been accepted volatile organic compound (VOC) suggests that credits and offsets will be for filing emissions which can exceed 25,000 generally available under these Notice of NEPA Scoping (unless scoping pounds per year. EPA reaffirmed its circumstances, but identifying these has already occurred) position that uncontrolled slotted tanks and installing controls does not Notice of application is ready for guidepoles do not comply with the ``no guarantee that emission credits and environmental analysis visible gap'' requirements of NSPS offsets are available. This is an issue Notice of the availability of the draft Subparts Ka and Kb, see 65 FR 2336 that must be determined by applicable NEPA document (January 14, 2000). The Storage Tank state and local authorities, consistent Notice of the availability of the final Emission Reduction Partnership with the requirements of federally NEPA document Program, however, provided companies approved state implementation plans. Order issuing the Commission's with an opportunity to resolve these Dated: October 4, 2000. issues by entering into agreements with decision on the application Eric V. Schaeffer, Final amendments to the application EPA to control slotted guidepole emissions at their NSPS Subpart Ka/Kb Director, Office of Regulatory Enforcement, must be filed with the Commission no Office of Enforcement and Compliance later than 30 days from the issuance tanks. -
The Gulf War's Afterlife
The Scholar THE GULF WAR’S AFTERLIFE: DILEMMAS, MISSED OPPORTUNITIES, AND THE POST-COLD WAR ORDER UNDONE SAMUEL HELFONT 25 The Gulf War’s Afterlife: Dilemmas, Missed Opportunities, and the Post-Cold War Order Undone The Gulf War is often remembered as a “good war,” a high- tech conflict that quickly and cleanly achieved its objectives. Yet, new archival evidence sheds light on the extended fallout from the war and challenges this neat narrative. The Gulf War left policymakers with a dilemma that plagued successive U.S. administrations. The war helped create an acute humanitarian crisis in Iraq, and the United States struggled to find a way to contain a still recalcitrant Saddam Hussein while alleviating the suffering of innocent Iraqis. The failure of American leaders to resolve this dilemma, despite several chances to do so, allowed Saddam’s regime to drive a wedge into the heart of the American-led, post-Cold War order. While in the short term the war seemed like a triumph, over the years its afterlife caused irreparable harm to American interests. n June 1991, nearly 5 million onlookers en- American politics. Both the Clinton and Obama ad- thusiastically welcomed American troops ministrations admired the way President George returning home from the Gulf War as they H. W. Bush handled the conflict.5 Despite some marched in a ticker-tape parade through handwringing about Saddam Hussein remaining in NewI York City’s “Canyon of Heroes.”1 This image power and the fact that there was no World War of the Gulf War as a triumph has proved endur- II-style surrender, the conflict is still remembered ing. -
We Are We Are
WE ARE WE ARE www.oil.bm BECOME PART OF OUR WE ARE OIL SUCCESS STORY Oil Insurance Limited (OIL) was established in 1972 in response to significant changes in the insurance industry. Major event losses on Lake Charles, Louisiana and off the coast of Santa Barbara, California had made it difficult, if not impossible, for energy companies to secure adequate, affordable coverage. An innovative alter- Should your company wish to become native was introduced in the form of OIL, a member and gain access to the full George Hutchings a mutually owned insurance company value of OIL’s “cornerstone” capacity, Senior Vice President, you are invited to contact us for further where the insureds are the shareholders. Chief Operating Officer information... or simply contact your broker. T. +1 (441) 278-1123 E. [email protected] Theresa Dunlop Vice President, OIL T. +1 (441) 278-1147 E. [email protected] Barry Brewer Vice President, Marketing T. +1 (441) 278-1132 E. [email protected] www.oil.bm EVOLVING WITH MEMBERS’ NEEDS “ OIL is an integral part of our insurance program. Its broad and stable coverage makes OIL a key element in building sufficient and meaningful insured limits, and typically does not restrict simply because of unfavorable market James D. Lyness events. As a member-focused mutual, Chevron OIL responds to members’ concerns Member since 2002 and makes decisions based on what is (under current name) best for the shareholder body and not on what drives profits. Also, being a member of OIL provides the opportunity to network with others who share similar insurance needs.“ “ The breadth of OIL’s product offering is tailored to meeting the specialised risks faced by companies participating in today’s energy industry. -
A Personal Journey Presentation by Tony Craven Walker to Scottish Oil Club – Edinburgh 16 May 2019
FIFTY YEARS IN THE NORTH SEA: A PERSONAL JOURNEY PRESENTATION BY TONY CRAVEN WALKER TO SCOTTISH OIL CLUB – EDINBURGH 16 MAY 2019 Ladies and Gentlemen. I am delighted to be here today. As we are in Scotland, the home of whisky, I was tempted to call this talk “Tony Walker – Started 1965 - Still Going Strong”. Then I read about Algy Cluff’s retirement last week described as “The Last Man Standing” so I was tempted to call it “The Last Man Still Standing”. But I decided on FIFTY YEARS IN THE NORTH SEA: A PERSONAL JOURNEY. With around one hour allotted that works out at around one year per minute so I had better get a move on! Actually it has been 54 years since I joined the oil industry but what a journey it has been. One which is not over just yet as far as I am concerned and one which has given me great challenges and great pleasure. Before diving into things I thought it might be fun to mention that Anton Ziolkowski, your President, and I go back way into the 1950’s when we were neighbours living next door to each other as small boys in London. It is curious and always amazing how the world works to find that we are in the same industry and he has invited me to speak today. I will keep to myself some of the pranks that Anton and I got up to as youngsters, “tin-can tommy” and “mud-ball sling” spring to mind, as I certainly don’t want to embarrass your president.