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The Determinants of Plant Exit: The Evolution of the U.S. Refining Industry
Simulating a Homogeneous Product Merger: A Case Study on Model Fit and Performance
FTC Puts Conditions on Par Petroleum Corporation’s Acquisition of Mid Pac Petroleum, LLC
The Impact of Outages on Prices and Investment in the US Oil Refining Industry
Tesoro Corporation and Tesoro Logistics Operations LLC, In the Matter of
Oil refiner Tesoro Corporation and one of its subsidiaries agreed to sell their light petroleum products terminal in Boise, Idaho to settle charges that their $335 million acquisition of pipeline and terminal assets from Chevron Corporation would be anticompetitive. Without the divestitures required by the FTC, the deal would have given Tesoro ownership of two of the three full service light petroleum terminals in Boise, significantly reducing competition for local terminal services. The proposed order requires Tesoro to sell the terminal it currently owns in Boise to an FTC-approved buyer within six months of when the order becomes final.
FTC Approves Final Order Settling Allegations That Tesoro’s Acquisition of Chevron Petroleum Assets Was Anticompetitive
FTC Requires Tesoro to Sell Petroleum Terminal as a Condition for Acquiring Chevron Assets
Phillips Petroleum Co. and Conoco Inc.
A final consent order allows the merger of Phillips Petroleum and Conoco Inc. but requires certain divestitures and other relief to maintain competition in the gasoline refining market in specific areas of the United States. Among the assets to be divested are refineries, propane terminals, and natural gas gathering facilities. The FTC approved an application to reopen and modify its final order to change the license agreement that ConocoPhillips has with Holly Corporation, an independent oil refining company. The changes approved by the Commission allow ConocoPhillips and Holly to make the licensing of the "Phillips" and "Phillips 66" brands non-exclusive in two states for the last two years of the FTC-required agreement between them.
Irving Oil Limited and Irving Oil Terminals Inc., In the Matter of
The Commission required Irving Oil Terminals Inc. and Irving Oil Limited to relinquish the rights to terminal and pipeline assets in Maine that Irving acquired from ExxonMobil, to maintain competition in gasoline and distillates terminaling services in the South Portland and Bangor/Penobscot Bay areas. The proposed settlement resolves the FTC’s charges that the acquisition is anticompetitive and could result in higher gasoline and diesel prices for consumers.
FTC Seeks Public Comment on ConocoPhillips' Application to Modify Final Commission Order and to Approve Amended Licensing Agreements with Holly Corp.
Information To Be Publicly Disclosed Concerning the Commission Petroleum Industry Practices and Pricing Investigation
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