Oilspot eNews From FuelQuest

Monday, September 10, 2001 VOLUME 2 ISSUE 37  

SPOTLIGHT

Driving The Industry

LUBE TIPS

What a Diffuser Can Do

FUELS & LUBES

Racetrac to Stop Accepting Interlink Debit Cards
Pump Prices Up A Nickel Nationally
EPA Rejects Diesel Petitions
Court Rules in Equilon’s Favor
Cleanup Costs Companies $120 Million
INCON Networks Hess’ Tank Monitors
BP Ships European Fuel to Midwest

COLUMNISTS

Terminals Are Closing a Gap in Excise Tax Compliance and Creating a New Data Source for the Industry
Thrifty Wins Class Action Over Cash/Credit Discounts

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Marketing Worldwide - On The Web
Battenfeld Grease and Oil Corp. of N.Y. makes its big business bigger -- online
by John Callanan

(As published in the September, 2001 issue of Compoundings magazine.)

During his 30 years as a Division I college basketball referee, John Bellanti would travel to various cities to officiate ballgames, while holding down his day job with the Battenfeld Grease and Oil Corp. of New York. While the additional time demands and travel might serve to distract some from their primary responsibilities, Bellanti put his role as a referee to work for him.
[FULL STORY]
 

Chevron-Texaco Approved
Shell, SRI Discuss Acquiring Equilon, Motiva

HOUSTON — Shell Oil Co. and Saudi Refining Inc. said they are open to talks with Texaco Inc. about buying its stakes in Equilon Enterprises LLC and Motiva Enterprises LLC following the Federal Trade Commission’s approval of Chevron Corp.’s $46.3 billion acquisition of Texaco Friday afternoon.

To pass FTC muster and form with Chevron the world’s fifth-largest largest oil company, Texaco agreed to sell six U.S. refineries and sever ties with 14,000 gasoline stations. The assets were placed in joint ventures in 1998 with Shell, and Saudi Refining. The FTC’s order provides a “practical framework” for the purchase of Texaco’s 33 percent stake in Motiva, Shell and Saudi Refining said in a prepared statement. Shell also wants to buy Texaco’s 44 percent interest in Equilon.

[FULL STORY]
 
Marconi Not "On the Block"
Company to operate as independent unit of struggling British parent company
by John Callanan

GREENSBORO, N.C. — Recent reports that struggling British telecom firm Marconi Plc. is seeking to sell its U.S. petroleum equipment and technology unit, Marconi Commerce Systems, have been exaggerated, company officials say.

[FULL STORY]
 
WEEKLY POLL

Do you think we've seen the last of the major oil mega-mergers?

Yes, there are no more big targets left.

Yes, the FTC has seen enough.

No, as long as Bush is in the White House.

No, if there's a will, they'll find a way.

I'm not so sure.

[See Results]

 

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Published by John Callanan
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