Search results
Results from the WOW.Com Content Network
Gulf Oil was a major global oil company in operation from 1901 to 1985. [1] The eighth-largest American manufacturing company in 1941 and the ninth largest in 1979, Gulf Oil was one of the Seven Sisters oil companies.
Continental Oil Co., C.A.T.C., Gulf of Mexico, 1955. The Age of Oil, [1] also known as the Oil Age, [2] [3] the Petroleum Age, [4] [5] or the Oil Boom, refers to the era in human history characterised by an increased use of petroleum in products and as fuel.
The modern U.S. petroleum industry is considered to have begun with Edwin Drake's drilling of a 69-foot (21 m) oil well in 1859, [37] on Oil Creek near Titusville, Pennsylvania, for the Seneca Oil Company (originally yielding 25 barrels per day (4.0 m 3 /d), by the end of the year output was at the rate of 15 barrels per day (2.4 m 3 /d)).
In 1927, Gulf Oil took control of the concessions that Holmes made years ago. But Gulf Oil was a partner in the Iraq Petroleum Company, which was jointly owned by Royal Dutch — Shell, Anglo-Persian, the Compagnie Française des Pétroles (ancestor of French major TotalEnergies), and "the Near East Development Company", representing the ...
Gulf Oil LP is an American oil company formed when Chevron Corporation acquired the naming rights to the Gulf Oil brand in the United States for $13 billion in 1985. [ 1 ] [ 5 ] By 2010, convenience store chain Cumberland Farms acquired all rights to the brand from Chevron, making it the sole owner and marketer in the country. [ 2 ]
Crude oil production Natural oil seeps such as this in the McKittrick area of California were used by the Native Americans and later mined by settlers.. The history of the petroleum industry in the United States goes back to the early 19th century, although the indigenous peoples, like many ancient societies, have used petroleum seeps since prehistoric times; where found, these seeps signaled ...
Discover the latest breaking news in the U.S. and around the world — politics, weather, entertainment, lifestyle, finance, sports and much more.
Late in the summer of 1982, Gulf Oil terminated the merger agreement claiming that Cities Service's reserve estimates were over-stated. Over fifteen years of litigation resulted. (For a more detailed discussion of the Cities Service vs. Gulf Oil litigation, see Gulf Oil#Demise.) Ironically, two years later, Gulf Oil itself would collapse as a ...