chevron teams up with university of texas

New alliance dedicated to recovering oil from difficult reservoirs. Chevron Corp. has formed a research alliance with The University of Texas at Austin to develop new technologies to increase the amount of oil recovered from mature and challenging reservoirs. Under the alliance, Chevron Energy Technology Co., a Chevron subsidiary, will provide up to $5 million

BP and Shell Possibly Joining

U.K. newspapers share leaked information regarding mega-merge. BP and Royal Dutch Shell may be on their way to a merger. According to two U.K. newspapers the London Times and the Daily Mail, the two are in talks and well on their way to creating what would be the world’s largest company. Rumors have been floating

kum and go fuels good about e85

New sweepstakes targets green customers. Kum and Go is helping customers do just that by giving them a car to “go” home with. The Des Moines, Iowa-based chain has just launched its “Fuel Good” sweepstakes, offering green-conscious customers a chance to win cars and thousands of dollars in E85 fuel. Customers simply go onto the

ds shows off for retailers

Recent Vendor Expo showcases new equipment for car wash operators. D&S Car Wash Equipment Co. recently held its third annual National Sales Meeting and Vendor Expo on June 20th at the High Ridge plant near St. Louis, Mo. Distributors from all across the U.S. attended the event, which covered sales and service topics on D&S

nyacs takes to airwaves to protest tobacco treatment

New York convenience store operators are taking to the airwaves to voice their frustration with Governor Eliot Spitzer’s inaction on the tax fairness issue. A 60-second TV commercial will begin airing in Syracuse, Albany, Buffalo and possibly other markets on July 5, 2007, demanding that Governor Spitzer begin collecting taxes on the vast amounts of

snus already a hit

Citigroup tobacco analyst Bonnie Herzog revealed a new survey that suggests Marlboro Snus, Phillip-Morris’s new entry into the smokeless tobacco market, may already be a success. The survey questioned both retailers and wholesales, who revealed that they feel the new product will be a hit among both smokers and moist smokeless tobacco (MST) users alike.

tesoro in hot water over hot fuel

Consumer group attacks chain over consumer warning attempts. Tesoro is putting warning decals on its gas station pumps, including dozens of Shell stations, warning that consumers may not get all the energy they paid for in a gallon of gasoline, according to industry reports today. However, the Foundation for Taxpayer and Consumer Rights (FTCR) is

larry the cable guy the beer

Small brewer unveils new beverage named after popular comedian. Rednecks rejoice! Larry the Cable Guy, popular comedian and actor, will now be immortalized in beer form with the release of a beer dedicated to his brand of redneck humor. The new beer, called–you guessed it–“Git-R-Done” is the brainchild of independent brewers Schilling Bridge Winery and

indiana smokers head south for cigarettes

Tax hike pushes smokers to Kentucky for cheaper products. Hoosier smokers will have to pay more for their cigarettes. A new Indiana law went into effect Sunday that boosts the price. It’s always been cheaper in Kentucky. Indiana’s cigarette tax was 55 cents a pack. Now that’s it’s jumped to 99 cents, many more smokers

prestige coffee acquired

Convenience store distributor has depots in 12 Midwest cities. A large Midwest Culligan water treatment and bottled water dealership is becoming even larger by acquiring Prestige Coffee/Coffee Time, which operates coffee services in Kansas, Oklahoma, Missouri and Nebraska. With the purchase, Hall’s Culligan Water, which owns and operates 12 Culligan dealerships in five Midwest states,

freon leak shuts down cstore

Pa. store evacuated, but no injuries reported. A leaky refrigerator shut down a gas station and convenience store for several hours Monday morning. Meadville, Pa. firefighters were sent to the Country Fair store to investigate a suspected Freon leak. Firefighters confirmed the leak and evacuated the store, Meadville Fire Chief Tunie Hedrick said. The leak

alon adds pipelines in california

Alon USA Energy Inc., today finalized the purchase of the crude and unfinished products pipeline system from Kinder Morgan, Inc. known as the “Black Oil System” for a purchase price of $4.5 million. The “Black Oil” system includes approximately six miles of active and thirteen miles of inactive pipelines in the Long Beach, Calif. area.

jim keyes to head blockbuster

Former 7-Eleven CEO replaces John Antioco as chairman and CEO of the entertainment company. Jim Keyes, who guided 7-Eleven through some of its most profitable era, today was named chairman and CEO of Blockbuster Inc. Ironically; he replaces John Antioco, another convenience story industry veteran, who served more than a decade with Tosco Corp. Under

7elevens kwike makeover

A dozen stores rebranded as part of the convenience chain’s month-long celebration leading up to The Simpsons Movie debut. Over the weekend, 7-Eleven Inc. turned a dozen stores into Kwik-E-Marts, the fictional convenience stores of “The Simpsons” fame, in the latest example of marketers making life imitate art. Those stores, in Manhattan, Bladensburg, Md., Orlando,

sheetz opens in st mary pa

New store brings with it several donations to local charities. Sheetz Inc. has opened a new location in St. Marys, PA. The new 4,700-square-foot unit is the company’s 337th store and its first in St. Marys. While the store opens to the public today, employees will host a community grand opening celebration July 12, with a

bp offering 28 stores in indianapolis

Chain opening stores up to am/pm franchise opportunities. BP is offering long-term franchising opportunities for 28 of its Indianapolis-area BP locations. BP will convert and reimage 20 of its BP Connect locations to “am/pm” franchise operations. Buyers of the remaining eight sites, which include six new construction sites, will be expected to complete the convenience

kroger launches line of cholesterolreducing milk

New proprietary product contains made of organic products to promote heart health. The Kroger Co. is launching a new, cholesterol-reducing, fat-free milk available in its stores beginning this week. The non-fat milk product will be sold under the expanding Active Lifestyle in-house brand. “The war against high cholesterol just got stronger and easier,” said Linda

leveraging activitybased costing in merchandising decisionmaking

If knowledge is power, than activity-based costing is an important catalyst to building a knowledge base that can give you the power to analyze complex business issues more effectively. Leveraging Activity-Based Costing in Merchandising Decision-Making (pdf)To view this document, click here

translating shopper insights into merchandising strategy

Knowing how consumers are shopping the store helps a retailer make more effective decisions relative to store layout, product flow, category adjacencies, in-store signage and secondary product placements. Translating Shopper Insights into Merchandising Strategy (pdf)To view this document, click here

exxonmobil and conocophillips wave goodbye to venezuela

Tension between nation and oil companies on the rise, experts say. ExxonMobil Corp. and ConocoPhillips are packing up and leaving Venezuela, according to The Wall Street Journal. The paper reported the two oil companies are leaving behind their multibillion-dollar investments in Venezuela. Experts see this as further evidence that the relationship between Western oil companies

seveni holdings pour 24 billion into us stores

Japan-based parent of 7-Eleven preparing to increase its presence in the market. 7-Eleven’s parent company, the Japan-based retailer Seven & I Holdings revealed that it will invest $2.4 billion over the next four years to open 1,000 new stores in the U.S. while revamping existing outlets. The Japanese retailer has been only limitedly vested in

shell zone pricing suit dismissed

Six local dealers plan to appeal against ruling. A federal judge dismissed claims by six gas station owners who alleged that Shell Oil Co. charged them more for gasoline in order to drive customers to nearby company-owned locations. The month-long lawsuit was thrown out of a U.S. District Court in Santa Ana on Tuesday before

Pearson Fuels expands California’s e85 market

New ARB grant helps company develop “greener” gas stations. Pearson Fuels has become a major recipient of grant funding from the California Air Resources Board (ARB). Under the grant, ARB has agreed to work closely with Pearson Fuels and financially support the company’s building of Ethanol (E-85) infrastructure throughout the state of California, according to

del cigarette tax worries retailers

Proposed 60-cent increase could threaten out-of-state business. Retailers in Delaware are preparing for a debate over a proposed 60-cents-a-pack increase in the cigarette tax–a tax lawmakers expect to be approved this week, stating it’s for the greater good of the state. “We have committed that it will go to help school construction and to help

maverik gives customer a free ride

Brand new Subaru awarded after four-week contest co-sponsored by Pepsi. Salt Lake City-based Maverik stores and Pepsi have proved that there is such a thing as a free ride, awarding a lucky drinker with a new Subaru. For four weeks in April, customers from over 150 participating Maverik stores across four states had the opportunity