102 articles for

March 2009

VALERO ENERGY: Provides Updates on Environmental Liabilities

Valero Energy Corp., in its latest annual report on Form 10-K with the U.S. Securities and Exchange Commission, disclosed proceedings arising under federal, state, or local provisions regulating the discharge of materials into the environment or protecting the environment.

– Bay…

MARATHON OIL: Seeking Methods to Minimize Solid-Waste Generation

Marathon Oil Corporation continues to seek methods to minimize the generation of hazardous wastes in its operations.

The Resource Conservation and Recovery Act (RCRA) establishes standards for the management of solid and hazardous wastes. Besides affecting waste disposal practices, RCRA also…

WILLIAMS PARTNERS: Records $3.3M Liability for Conway Facilities

Williams Partners L.P., at Dec. 31, 2008, had accrued environmental liabilities totaling US$3.3 million for costs concerning its Conway, Kans., storage facilities.

The Company is a participant in certain environmental remediation activities associated with soil and groundwater contamination at its Conway…

MARATHON OIL: Sees Lower Demand for Refined Petroleum Products

Marathon Oil Corp. anticipates a decrease in demand for refined petroleum products due to an increase in combined fleet mileage or due to refined petroleum products being replaced by renewable fuels.

In 2007, the U.S. Congress passed the Energy Independence and…

MARATHON OIL: Maintaining Discharge Permits on Clean Water Act

Marathon Oil Corporation maintains numerous discharge permits as required under the National Pollutant Discharge Elimination System program of the Clean Water Act and has implemented systems to oversee its compliance efforts.

In addition, the Company is regulated under the Oil Pollution…

MARATHON OIL: Awaits EPA’s Actions After Remand of SC Decision

Marathon Oil Corp. awaits the U.S. Environmental Protection Agency’s actions upon the remand of the U.S. Supreme Court decision in Massachusetts v. USEPA, which could have impacts on a number of air permitting and environmental regulatory programs.

In July 2008, the…

CONSTELLATION ENERGY: Accrues $400T for Liability as of Dec. 31

Constellation Energy Partners LLC, as of Dec. 31, 2008, accrued about US$400,000 for estimated exposure regarding environmental matters, compared with US$500,000 as of Dec. 31, 2007.

The Company is subject to costs resulting from federal, state and local laws and regulations…

MARATHON OIL: Plans to Spend $50M in 2009 to Lower Sulfur Levels

Marathon Oil Corp. has spent approximately US$120 million between 2006 and 2008, and plans to spend approximately US$50 million in 2009 on refinery investments to produce ultra-low sulfur diesel fuel for off-road use, in compliance with the U.S. Environmental Protection…

MARATHON OIL: Mulling Raised Compliance Costs from UST Claims

Marathon Oil Corporation anticipates the possibility of increased compliance costs as a result of contamination from underground storage tanks (USTs).

The Company owns or operates certain retail outlets where, during the normal course of operations, releases of refined products from USTs…

INTERNATIONAL PAPER: $27M Spent in ‘08 for Environmental Matters

International Paper Company spent US$27 million in 2008 for capital projects to control environmental releases into the air and water, and to assure environmentally sound management and disposal of waste.

The Company expects to spend about US$45 million in 2009 for…

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