Tesoro Petroleum News

The U.S. Chemical Safety Board is in disarray and has struggled to finish investigations into serious accidents at chemical plants and refineries that in one case killed seven people, according to a draft report by two Congressional committees. The report, prepared by the House Committee on Oversight and Government Reform and the Committee on Science, Space and Technology, said CSB Chairman Rafael Moure-Eraso and two other officials have created an "abusive and hostile work environment" at the board's offices. The report, seen by Reuters, will be issued later Thursday. As a result, experienced investigators have left, according to the report, and delayed probes such as the one into the 2010 explosion at Tesoro Petroleum Corp's refinery in Anacortes, Washington, that killed seven.

District 17 Commander RADM Tom Ostebo will be a keynote speaker at a “Resources and Readiness in Alaska” seminar to be presented by the North American Marine Environment Protection Association (NAMEPA) on August 18th in Anchorage at the Captain Cook. The seminar is part of NAMEPA’s Environmental Intelligence in Maritime Seminar series and will begin at 1:00PM with an introduction by NAMEPA Founding Chairman Clay Maitland. “NAMEPA is keenly interested in the readiness of industry to protect natural resources as resource extraction moves into sensitive and challenging areas,” stated Maitland. “We believe the companies and organizations involved in this extraction need to adequately protect the environment, particularly as the difficulty mounts.

Martin Midstream Partners L.P. petroleum products. Tesoro's lube oil inventories. lubricant distribution and marketing business. Bank of Canada from $60 million to $80 million. announced acquisition of a terminal and three vessels. for Tesoro's diesel fuel inventories. of MMLP's general partner. MMLP. services to Midstream Fuel Service. was provided through an expansion of MRMC's existing credit facility. acquisition since our initial public offering last year.

ConAgra Inc., the second largest U.S. food manufacturer, has agreed to sell American Commercial Lines LLC (ACL) its large U.S. inland barge fleet and operations. Financial terms of the deal, which ConAgra said was part of ongoing series of strategic divestments, were not announced. ACL will acquire 930 owned and chartered barges, nine chartered towboats and one dry dock, the companies said in a joint statement. The deal includes Peavey Barge Lines, Brown Water Towing Inc. and Superior Barge Lines, Inc. The transaction is subject to regulatory approval but is expected to be completed in the next 30 days, the companies said. Greg Heckman, president and CEO, ConAgra Trade Group, said, "Our decision to sell the barge company is a strategic one.

Tesoro Petroleum Corporation today announced the following management promotions: Greg Wright, senior vice president and CFO; Sharlene Fey, vice president and controller; and Susan Pirotina, vice president, Communications. Wright was senior vice president, Financial Resources. He has more than 25 years of energy industry leadership experience, joining Tesoro in 1995. He has been responsible for finance, business development, forecasts and budgets and financial communications. Fey, who previously served as assistant controller. has held several Accounting positions of increasing responsibility since joining Tesoro in 1979. Pirotina was director, Investor Relations and joined Tesoro in 1981.