Fuels: Page 3
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Pilot debuts autonomous truck terminal
The service, launched in partnership with self-driving trucking company Kodiak Robotics, has been almost a year in the making.
By Brett Dworski • Aug. 22, 2023 -
Maverik accepting Comdata fleet cards
This is the second move the western retailer has made in the last month to encourage professional drivers to use its pumps.
By Jessica Loder • Aug. 15, 2023 -
Rogers Petroleum acquires family-owned competitor
The move includes three c-stores in Tennessee among other petroleum-related products and services.
By Brett Dworski • Aug. 7, 2023 -
Maverik offering truck and RV fuel discounts at 80 locations
The convenience retailer partnered with tech company TruckSmarter which, beyond fuel savings, lets drivers book loads and improve their cash flows.
By Brett Dworski • July 20, 2023 -
BP to pay $10.75M in natural gas price manipulation case
The oil giant paid over $24.3 million in December 2020 for the matter, but won an appeal for the penalty to be reviewed.
By Brett Dworski • July 14, 2023 -
ExxonMobil makes $4.9B acquisition to reduce carbon footprint
Purchasing Denbury will give the oil giant the largest owned and operated carbon dioxide pipeline network in the U.S.
By Brett Dworski • July 13, 2023 -
Fuel asset optimization company announces 3 new executives
Titan Cloud, which monitors half the gas throughput in the U.S. and works with chains like 7-Eleven and Circle K, has added a new CFO, CRO and VP of marketing.
By Jessica Loder • July 13, 2023 -
Global Fuels acquires 241-location Canadian fuel business
The acquisition cements Global Fuels as a major player in Canada and gives it a large number of locations adjacent to Loblaw grocery stores.
By Jessica Loder • July 10, 2023 -
Parker’s names new VP of fuel
Ricky John has more than 20 years of experience in downstream oil and gas distribution, including various roles at Sunoco LP and Murphy USA.
By Brett Dworski • June 26, 2023 -
How Stewart’s Shops is preparing for the EV future
As the chain continues to grow the number of chargers across its footprint, about 80% of its EV customers come into the store, a spokesperson said.
By Amanda Baltazar • June 22, 2023 -
Pilot brings digital diesel payments to over 800 locations
Relay Payments’ app-based system uses secure codes to make transactions, allowing drivers to avoid worries about fraud, said Spencer Barkoff, the company’s co-founder and president.
By Jessica Loder • June 16, 2023 -
Phillips 66 completes $3.8B fuels acquisition
The company agreed to purchase the public shares of DCP Midstream, one of the largest midstream operators in the U.S., back in January.
By Brett Dworski • June 15, 2023 -
Back to Basics: How to implement EV charging stations
The service can draw customers and revenue to convenience stores, but it brings additional costs and may not be the right fit for certain markets.
By Amanda Baltazar • June 14, 2023 -
Chevron to purchase PDC Energy for $6.3B
The acquisition, which is expected to close by the end of the year, should add $1 billion in free cash flow to the oil major’s financials.
By Jessica Loder • May 22, 2023 -
Majors Management sells recently acquired commercial fuels business
Offloading that segment will allow the retailer to focus on the fast-growing c-store side of its business, according to its president.
By Brett Dworski • May 17, 2023 -
US supports sale of CITGO by next summer
The Biden administration has said it would no longer protect the Venezuelan state-owned oil giant from seizure to pay off creditors.
By Brett Dworski • May 8, 2023 -
Sunoco grows fuel distribution arm with $110M acquisition
The company plans to continue seeking deals, CEO Joe Kim said on a recent earnings call.
By Brett Dworski • May 3, 2023 -
Parkland links loyalty program with Air Canada
The new partnership will let members of both companies’ rewards platforms combine their accounts, resulting in more earnings and benefits from each business.
By Brett Dworski • April 19, 2023 -
ExxonMobil exploring ‘blockbuster’ acquisition of fracking firm
While talks are still in early stages, the deal would be the company’s biggest move since its merger with Mobil Corp.
By Jessica Loder • April 11, 2023 -
Column
What does convenience look like in a future where fuel matters less?
The c-store model hasn’t changed much in recent decades, but new formats from Yesway, Casey’s and Urban Value Corner Store offer key insights to addressing the rise of electrification, writes Frank Beard.
By Frank Beard • March 28, 2023 -
Arko to enhance its loyalty program and EV charging capabilities in 2023, CEO says
The retailer said during its earnings call that development of its new mobile app is in the “final stages,” while its electrification initiatives remain “aggressive.”
By Brett Dworski • March 1, 2023 -
Global Partners to include EV charging at all new Alltown Fresh stores, CEO says
The retailer will also build ports at six existing stores, as it has secured more than $800,000 in grants for the project.
By Brett Dworski • Feb. 27, 2023 -
Chevron promotes Mark A. Nelson to vice chairman
The longtime executive will lead strategy and sustainability, corporate affairs and business development functions, as well as take on additional corporate responsibilities.
By Brett Dworski • Feb. 27, 2023 -
BP’s acquisition of TA signals that big oil is back in the c-store game
Last week’s $1.3 billion deal will prompt more fuel companies to stock up on retail stores to diversify their assets in the face of disruption, experts say.
By Brett Dworski • Feb. 23, 2023 -
Shell’s directors being sued for mismanaging climate risk
ClientEarth, one of the fuel giant’s investors, claims the company’s current policy doesn’t align with the Paris Agreement.
By Brett Dworski • Feb. 10, 2023