Tag: Energy

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Presenting Federal Trade Commission testimony today before the House Judiciary Committee on competition in the petroleum industry, Richard G. Parker*, Director of the FTC's Bureau of Competition, said that while various factors have contributed to higher consumer heating oil and gasoline prices...
Additive marketers Dura Lube and Motor Up, and their principals, have agreed to settle Federal Trade Commission charges that performance claims for their engine treatments were deceptive and unsubstantiated in violation of federal law. The two proposed settlements will bar false and...
Testifying today before the House Commerce Committee's Subcommittee on Energy and Power regarding recent nationwide oil price fluctuations, Richard Parker*, Director of the Federal Trade Commission's Bureau of Competition, stressed the need for federal and state coordination in responding to such...
Applications for approval of transactions:
Publication of Federal Register notice regarding regulatory reviews for calendar year 2000: The Commission has voted to publish a notice in the Federal Register listing its regulatory reviews scheduled for calendar year 2000. As detailed in the notice, during calendar year 2000 the Commission...
Appointment of hold separate trustee: The FTC has approved the appointment of Deloitte Consulting LLC as a hold-separate trustee in the following matter: Exxon Mobil Corporation. This trustee is being appointed per the Commission's recent decision and order -- and order to hold separate and...
The Federal Trade Commission announced today that it has accepted a proposed settlement of charges that Exxon Corporation's acquisition of Mobil Corporation would violate federal antitrust laws. The FTC alleged that the acquisition would significantly injure competition in the markets for refining...
In the latest of a series of Federal Trade Commission cases alleging that ad claims for motor oil and fuel additives were deceptive, Castrol North America Inc., the marketer of gas additive Castrol Syntec Power System, and Shell Chemical Company, the developer and supplier of the Castrol Syntec...
  Prolong Super Lubricants, Inc., marketer of one of the largest selling motor oil additives sold in the U. S., has agreed to settle Federal Trade Commission charges that the firm made unsubstantiated claims for its automobile motor oil additive, Prolong Engine Treatment Concentrate (ETC). Prolong...
In the latest law enforcement initiative targeting ads that use deceptive performance claims to tout motor oil additives, the Federal Trade Commission has charged the marketers of Dura Lube Super Engine Treatment and Dura Lube Advanced Engine Treatment with making false and unsubstantiated...
The Federal Trade Commission will review the proposed acquisition of Mobil Oil by Exxon Corporation in each area where they compete -- exploration and production, refining and marketing -- and against the backdrop of an "ongoing trend of consolidation and concentration" in the industry, according...
The following is an excerpt from the statement of Federal Trade Commission Chairman Robert Pitofsky and Commissioners Sheila F. Anthony and Mozelle W. Thompson explaining why they believe the consent agreement accepted on December 29, 1998, protects the interests of U.S. consumers and clarifying...
Shell Oil Company and its subsidiary, Tejas Energy, LLC, have agreed to divest approximately 171 miles of their natural gas pipeline system in Oklahoma and Texas in order to settle Federal Trade Commission charges that the firms' acquisition of gas gathering assets of The Coastal Corporation...
The Federal Trade Commission has reached a settlement agreement with Royal Dutch Shell and Exxon over charges that their proposed joint venture to develop, manufacture, and sell viscosity index improver -- an essential motor oil additive -- would reduce competition and violate federal antitrust...
Consent agreements given final approval: Following a public comment period, the Commission has made final a consent agreement with the following entity. The Commission action makes the consent order binding on the respondent.
Shell Oil Company and Texaco, Inc., have agreed to divest a package of assets, including Shell's Anacortes, Washington, refinery; a Hawaiian terminal; and retail gasoline stations in Hawaii and in California, to settle Federal Trade Commission charges that their proposed joint venture could raise...
The Federal Trade Commission has approved as final a consent agreement with Exxon Corporation that has triggered the launch of a massive consumer education and advertising campaign. The campaign is informing consumers that regular gasoline, not high octane, is the right fuel for most cars. Exxon...
Consumers who were exposed to ads that claimed that Exxon high octane gasoline would reduce auto maintenance costs will get important new information from Exxon soon. In a landmark settlement of Federal Trade Commission charges that the ads were unsubstantiated and misleading, Exxon will run an...

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