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Tesoro's corporate headquarters, completed in 2009, at San Antonio, Texas. Tesoro was founded in 1968 [6] by Dr. Robert Van Osdell West Jr (1921–2006), [7] and was primarily engaged in petroleum exploration and production. Tesoro began operating its first refinery, near Kenai, Alaska, in 1969. Tesoro became the first Fortune 500 company to be ...
In late 2016, it was announced that the San Antonio, Texas based refining and logistics company Tesoro, renamed to Andeavor, would purchase Western Refining for an estimated enterprise value of $6.4 Billion. [15] Stockholders from both companies approved the proposed deal on March 24, 2017, pending approval from the Federal Trade Commission. [16]
SAN ANTONIO--(BUSINESS WIRE)-- NuStar Energy L.P. (NYS: NS) announced today that it has closed on the sale of its San Antonio refinery and related assets, including a terminal in Elmendorf, TX and ...
The following year, the company expanded its operations by purchasing the Paulsboro Refinery in New Jersey from Mobil, making it the second-largest independent refiner in the U.S. [10] In 2000, Valero purchased the Benicia, California, refinery and interest in 350 Exxon-branded service stations in California, mainly in the San Francisco Bay ...
The plans called for the combined company to be headquartered in San Antonio. The combined company was to have two refineries in Texas, 11,000 employees, and 2,600 stores. [19] In 1996, Canadian company Ultramar bought Diamond Shamrock for $1.96 billion in stock and assumed debt. [20] The combined company was renamed "Ultramar Diamond Shamrock ...
The refinery eventually will process U.S. shale oil from fields in West and South Texas, Calce said in an interview. In comparison, U.S. Gulf Coast refineries largely process medium to heavy crude.
The Magnolia Refinery played a key role during World War II as it stepped up production and shipped oil globally. [7] By 1959, the operations of the Magnolia Oil Company had been merged entirely into SOCONY Mobil. [6] The refinery further in the ensuing decades to becomes Beaumont's largest employer and eventually Mobil's largest refinery by ...
The 58-acre Brio Refinery site was home to several chemical companies between 1957 and 1982, when the owner, Brio Refinery Inc. declared bankruptcy and ceased operations. During that period, the site had been used for copper recovery and petroleum re-refining , typically the processing of tar , sludge , and other residue from oil tanks and ...