Tag: Petroleum

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Filtering by content type: Press Release

Following a public comment period, the Federal Trade Commission has approved a final order settling charges that oil refiner Tesoro Corporation’s recent acquisition of petroleum-related assets of Chevron Corporation would have reduced competition and violated U.S. antitrust laws.
Oil refiner Tesoro Corporation and one of its subsidiaries have agreed to sell their light petroleum products terminal in Boise, Idaho to settle Federal Trade Commission charges that their $335 million acquisition of pipeline and terminal assets from Chevron Corporation would be anticompetitive. ...
FTC Issues Compliance Guide For Its Petroleum Market Manipulation Regulations The Federal Trade Commission’s staff has prepared a guide to help businesses and individuals comply with the anti-fraud provisions of the Energy Independence and Security Act of 2007 (EISA) and the FTC’s Petroleum...
The Federal Trade Commission today issued a Final Rule that will prohibit market manipulation in the petroleum industry. The Rule will prohibit fraud or deceit in wholesale petroleum markets, and omissions of material information that are likely to distort petroleum markets. The FTC’s approval of...
The Federal Trade Commission today issued a Revised Notice of Proposed Rulemaking (RNPRM) seeking public comment on a revised proposed rule that would prohibit market manipulation in the petroleum industry. The revised proposed rule would prohibit anyone from engaging in fraud or deceit in...
– The Commission today announced an extension of the public comment period for the recently issued Notice of Proposed Rulemaking (NPRM) on petroleum industry market manipulation. The Commission posted the NPRM on the FTC’s Web site on August 13, 2008. The NPRM announced that public comments on the...
The Federal Trade Commission will host a workshop in Washington, DC, following the close of the Notice of Proposed Rulemaking (NPRM) comment period for its ongoing petroleum market manipulation rulemaking. The one-day workshop will be free and open to the public. Parties interested in...
The Federal Trade Commission today issued a Notice of Proposed Rulemaking (NPRM) seeking public comments on a proposed rule prohibiting market manipulation in the petroleum industry. The NPRM will assist the Commission in determining whether, and in what ways, it should develop a final rule. The...
Commission extension of public comment period – The Commission today announced the extension of the public comment period related to the Petroleum Industry Marketing Manipulation Advance Notice of Proposed Rulemaking (ANPR) Proceeding. The comment period will be extended until June 23, 2008. On...
Exercising the authority provided by Congress under the Energy Independence and Security Act of 2007 (EISA), the Federal Trade Commission today announced the approval of an Advance Notice of Proposed Rulemaking (ANPR) to solicit public comments on the appropriate way to interpret and enforce the...
Testifying today on behalf of the Federal Trade Commission before the U.S. Senate’s Committee on Commerce, Science, and Transportation, FTC Associate General Counsel for Energy John Seesel detailed the FTC’s varied initiatives to protect competitive markets in the production, distribution, and...
Under the terms of a consent agreement with the Federal Trade Commission announced today, Buckeye Partners, L.P. (Buckeye) will be permitted to complete its proposed $517 million acquisition of selected refined petroleum pipelines and terminals from Shell Oil Company (Shell). To protect...
The Federal Trade Commission has accepted a proposed consent order that would remedy the likely anticompetitive effects of the proposed $27 billion merger of BP Amoco p.l.c. (BP Amoco) and Atlantic Richfield Company (ARCO). Under the terms of the order, BP Amoco would be required to divest all of...