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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]
Gulf Oil International (GOI) [48] owns the rights to the Gulf brand outside the United States, Spain & Portugal. It is now owned by the Hinduja Group. [ 49 ] After they acquired a large share from the Taher family, a major Saudi Arabian family led by Dr. Abdulhadi H. Taher (former governor of the Saudi Petroleum and Mineral organization and ...
United Gas Corporation was a major oil company from its inception in 1930 to its hostile takeover and subsequent forced merger with Pennzoil in 1968. [6] [7] [8] Headquartered in Shreveport, Louisiana, United and its major subsidiaries, Union Producing Company, United Gas Pipeline Company, Atlas Processing, UGC Instruments, and Duval Mining, performed integrated exploration, production ...
On December 29, 2004, Loews Corporation purchased Gulf South Pipeline. [3] The company was willing to assert its rights in court, and was a party in several Supreme Court cases: United Gas Pipe Line Co. v. Mobile Gas Service Corp., 350 U.S. 332 (1956) United Gas Pipe Line Co. v. Memphis Light, Gas, and Water Division, 358 U.S. 103 (1958)
The Deepwater Horizon oil spill began on April 20, 2010 when an explosion struck the rig, it occurred in the Gulf of Mexico on the BP-operated Macondo Prospect.Killing eleven people, it is considered the largest marine oil spill in the history of the petroleum industry and sources estimated that between 134–206 million barrels of oil was released into the gulf.
Follow @matthewdilallo Photo credit: Anadarko Petroleum ConocoPhillips is having a terrific year finding oil and gas in the Gulf of Mexico. The company, along with partner BP , just recently ...
The Juno Beach-based utility, which now owns Gulf Power in Northwest Florida, based its overall natural gas costs on projections from the New York Mercantile Exchange from April 1.
Editor's note: A previous version of this article stated that Cobalt had $19 billion in cash and liquidity; this has been corrected to show that the company in fact has $2.3 billion in cash and ...