Car Care Central Convention
Central Valley Petroleum Industry Golf Tournament
CFN Network Meeting
Want to see the photos that didn't make the issue? Check out the Cutting Room Floor.
BP To Sell Stations In Colorado
ChevronTexaco to Acquire Unocal
Hawaii Station Rent Cap Law Is Upheld
Mini-Mart Chain To Become Loaf 'N Jug
Holly/Frontier Suit Ends with $1 Damages
EPA Quits Answering UST Calls
DENVER, CO. — After spending millions of dollars in the territory to upgrade its stations, BP has announced that it will be leaving the Colorado marketplace.
British Petroleum said that it will be placing 100 of its service stations in the Rocky Mountain state up for sale. The stations involved in the sale include dealer and jobber-run stations as well as company-operated sites.
SAN RAMON, CA. — ChevronTexaco Corporation has announced that it will acquire Unocal Corporation. The price for the purchase is valued at approximately $18 billion, including stock, cash, and an assumption of debt.
There had been rumors of Unocal's sale over the last several months with many of the suitors mentioned representing Asian and European-based companies, most notably China National Offshore Oil Corp. Operating as an exploration and production company, the assets of Los Angeles-based Unocal have been very attractive to major oil companies looking to strengthen their reserves.
HONOLULU, HI. — The U.S. Supreme Court has ruled that the state of Hawaii had the right to impose rent caps on service stations operating in the state.
The case had been filed against Hawaii by Chevron Corporation which was arguing that the rent caps were an unconstitutional "taking" of private property.
PUEBLO, CO. — The Mini-Mart chain of convenience stores is being rebranded to Loaf 'N Jug by its parent company, Loaf 'N Jug Mini Mart, a division of grocery store giant Kroger Company.
Seventy-nine Mini-Mart stores in Montana, Wyoming, Nebraska, and North Dakota will be involved in the re-imaging project. When the rebrand is complete the total number of Loaf 'N Jug stores will be 176 in the four-state Mini-Mart territory as well as Colorado, New Mexico, and Oklahoma.
DOVER, DE. — An ongoing dispute between Frontier Oil and Holly Corporation has ended in the courts — with a $1.00 award for damages.
The dispute began in 2003 when Holly and Frontier announced that they would be merging their operations. However, Holly said it wanted to quit the merger, arguing that a pending lawsuit against Frontier would hurt their profits.
WASHINGTON, D.C. — Looking for information on the U.S. Environmental Protection Agency's Underground Storage Tank program? Don't call the EPA.
The Federal agency has quit supporting its UST program through the EPA call center. Marketers and other tank owners now must access the EPA's website — www.epa.gov/oust — or order publications from the EPA to answer any questions they might have about UST issues.
Originally published in the June 2006 issue of O&A Marketing News.
Copyright 2006 by KAL Publications Inc.
Serving the 13 Western States, the World's Largest Gasoline, Oil, Fuel, TBA and Automotive Service Market
