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Petrolsoft Corporation
Petrolsoft Corporation (1989–2000) was a supply chain management software company with a focus on the petroleum industry. Petrolsoft Corporation was founded at Stanford University in 1989 by Bill Miller and David Gamboa as Petrolsoft Software Group. It was later incorporated in 1992. Petrolsoft introduced demand-driven inventory management to the petroleum industry. History The initial idea for Petrolsoft's inventory management product came from founder David Gamboa family's cash flow problems at their chain of retail gasoline stations. Mr. Miller's analysis showed that it was being caused by an inventory imbalance of gasoline stocks. When they approached Chevron with their solution, they discovered this was more than just a family problem, rather an industry-wide problem. The software solution to this problem became Petrolsoft's initial product, based on inventory proportionality. Gordon Hartogensis, a Stanford computer science graduate, joined the company in 1993 as the thir ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petrolsoft Logo
Petrolsoft Corporation (1989–2000) was a supply chain management software company with a focus on the petroleum industry. Petrolsoft Corporation was founded at Stanford University in 1989 by Bill Miller and David Gamboa as Petrolsoft Software Group. It was later incorporated in 1992. Petrolsoft introduced demand-driven inventory management to the petroleum industry. History The initial idea for Petrolsoft's inventory management product came from founder David Gamboa family's cash flow problems at their chain of retail gasoline stations. Mr. Miller's analysis showed that it was being caused by an inventory imbalance of gasoline stocks. When they approached Chevron with their solution, they discovered this was more than just a family problem, rather an industry-wide problem. The software solution to this problem became Petrolsoft's initial product, based on inventory proportionality. Gordon Hartogensis, a Stanford computer science graduate, joined the company in 1993 as the thir ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Optimization (mathematics)
Mathematical optimization (alternatively spelled ''optimisation'') or mathematical programming is the selection of a best element, with regard to some criterion, from some set of available alternatives. It is generally divided into two subfields: discrete optimization and continuous optimization. Optimization problems of sorts arise in all quantitative disciplines from computer science and engineering to operations research and economics, and the development of solution methods has been of interest in mathematics for centuries. In the more general approach, an optimization problem consists of maximizing or minimizing a real function by systematically choosing input values from within an allowed set and computing the value of the function. The generalization of optimization theory and techniques to other formulations constitutes a large area of applied mathematics. More generally, optimization includes finding "best available" values of some objective function given a define ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Irving Oil
Irving Oil Ltd. is a Canadian gasoline, oil, and natural gas producing and exporting company. Considered part of the Irving Group of Companies, it was founded by entrepreneur Kenneth "K.C." Irving and is privately owned by his son, Arthur, and his family. Irving Oil operates Canada's largest refinery, the Irving Oil Refinery, in Saint John, New Brunswick, and Ireland's only refinery, in Whitegate, County Cork, as well as a network of gasoline stations, fleet of oil tankers, real estate and other related assets. History Origins Entrepreneur Kenneth Colin (K.C.) Irving established ''Irving Oil Limited'' in 1924, when he was 25 years old. The first retailing location was in Bouctouche, New Brunswick, selling gasoline imported by rail. Irving moved to Saint John to open a Ford dealership and lubricants plant in 1924. The company expanded across the Maritimes through the 1930s, to Quebec in 1940, Newfoundland in 1949, and to Maine in 1972. Environmental initiatives In 1977, Irv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petro-Canada
Petro-Canada is a retail and wholesale marketing brand subsidiary of Suncor Energy. Until 1991, it was a federal Crown corporation (a state-owned enterprise). In August 2009, Petro-Canada merged with Suncor Energy, with Suncor shareholders receiving approximately 60 percent ownership of the combined company and Petro-Canada shareholders receiving approximately 40 percent. The company retained the Suncor Energy name for the merged corporation and its upstream operations. It continues to use the Petro-Canada name nationwide. History Founding In 1973, world oil prices quadrupled due to the Arab oil embargo following the Yom Kippur War. The province of Alberta had substantial oil reserves, whose extraction had long been controlled by American corporations. The government of Prime Minister Pierre Trudeau and the opposition New Democratic Party felt that these corporations geared most of their production to the American market, and as a result little of the benefit of rising oil p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ampol
Ampol Limited is an Australian petroleum company headquartered in Sydney, New South Wales. Ampol is the largest transport energy distributor and retailer in Australia, with more than 1,900 Ampol-branded stations across the country . It also operates in New Zealand through its subsidiary Z Energy. Ampol was first incorporated in 1936 and would later be owned by Pioneer International. The Caltex brand in Australia separately began in 1941 to market petrol in its chain of service stations and was owned by Caltex Australia Limited. In 1995, the Ampol and Caltex operations merged to form Australian Petroleum, equally owned by Pioneer and Caltex Australia. Pioneer sold its shareholding between 1997 and 1998, and Caltex Australia gained full ownership of Australian Petroleum. Caltex Australia then gradually replaced the Ampol brand with Caltex over the next decade. From 2001 until 2015, Caltex Australia was owned equally by American petroleum company Chevron Corporation and the Aus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tosco Corporation
Tosco (The Oil Shale COrporation) was an independent US based petroleum refining and marketing corporation based in Stamford, Connecticut. It was founded in 1955 in Santa Monica, California by A&P heir Huntington Hartford, and originally focused on extracting oil from oil shale and developing alternative energy sources. History In 1964 Tosco, Standard Oil of Ohio, and Cleveland Cliffs Iron Company formed Colony Development, a joint venture company to develop the Colony Oil Shale Project in Colorado and to commercialize the TOSCO II technology. In 1969, ARCO joined the project. The project was ended in April 1972. In 1976 the company name was shortened to Tosco after the company acquired the Avon Refinery in Martinez, California, and other west coast facilities from Phillips Petroleum, making it a major player in petroleum refining. The company continued its efforts in oil shale extraction until May 2, 1982 when Exxon (which had bought Atlantic Richfield's 60% share i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Exxon
ExxonMobil Corporation (commonly shortened to Exxon) is an American multinational oil and gas corporation headquartered in Irving, Texas. It is the largest direct descendant of John D. Rockefeller's Standard Oil, and was formed on November 30, 1999, by the merger of Exxon and Mobil, both of which are used as retail brands, alongside Esso, for fueling stations and downstream products today. The company is vertically integrated across the entire oil and gas industry, and within it is also a chemicals division which produces plastic, synthetic rubber, and other chemical products. ExxonMobil is incorporated in New Jersey. ExxonMobil's earliest corporate ancestor was Vacuum Oil Company, though Standard Oil is its largest ancestor prior to its breakup. The entity today known as ExxonMobil grew out of the Standard Oil Company of New Jersey (or Jersey Standard for short), the corporate entity which effectively controlled all of Standard Oil prior to its breakup. Jersey Standard grew a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mobil
Mobil is a petroleum brand owned and operated by American oil and gas corporation ExxonMobil. The brand was formerly owned and operated by an oil and gas corporation of the same name, which itself merged with Exxon to form ExxonMobil in 1999. A direct descendant of Standard Oil, Mobil was originally known as the Standard Oil Company of New York (shortened to Socony) after Standard Oil was Standard Oil Co. of New Jersey v. United States, split into 34 different entities in a 1911 Supreme Court decision. Socony merged with Vacuum Oil Company, from which the Mobil name first originated, in 1931 and subsequently renamed itself to Socony-Vacuum Oil Company. Over time, Mobil became the company's primary identity, which incited another renaming in 1963, this time to Mobil Corporation. Mobil credits itself with being the first company to introduce Pay at the pump, paying at the pump at its gas stations, the first company to produce jet aviation fuel, as well as the first company to intr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ARCO
ARCO ( ) is a brand of gasoline stations currently owned by Marathon Petroleum after BP sold its rights. BP commercializes the brand in Northern California, Oregon and Washington, while Marathon has rights for the rest of the United States and in Mexico. ARCO had been established in 1966 as the "Atlantic Richfield Company", an independent oil and gas company formed after the merger of Atlantic Petroleum and the Richfield Oil Corporation. History From 1966 to 2000, the 'Atlantic Richfield Company', doing business as ARCO, was an independent American oil company with operations in the United States, Indonesia, the North Sea, the South China Sea, and Mexico. After its acquisition of Anaconda Copper Mining Company in 1977, ARCO had owned hard rock mines in several western states, which has created environmental clean-up liabilities to the company to this day even after the mines were closed in the early 1980s. In 2000, BP acquired ARCO for $26.8 billion. ARCO's retail and mark ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sunoco
Sunoco LP is an American master limited partnership organized under Delaware state laws and headquartered in Dallas, Texas, that is a wholesale distributor of motor fuels. It distributes fuel to more than 5,500 Sunoco-branded gas stations, almost all of which are owned and operated by third parties. The partnership is controlled by Energy Transfer Partners. The partnership was known as Sun Company Inc. from 1886 to 1920 and 1976 to 1998, and as Sun Oil Co. from 1920 to 1976. (Sunoco is a condensation of SUN Oil COmpany.) It used to be engaged in oil refinery, the chemical industry, and retail sales, but divested these businesses. Sunoco today claims to be the largest distributor of fuels in the United States, distributing fuels to 10,000 locations across 33 US States. History 1800s to 1950s: founding and growth The partnership began as The Peoples Natural Gas Company in Pittsburgh, Pennsylvania. In 1886, its partners – Joseph Newton Pew, Philip Pisano, and Edward O. Eme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Feedstock
A raw material, also known as a feedstock, unprocessed material, or primary commodity, is a basic material that is used to produce goods, finished goods, energy, or intermediate materials that are feedstock for future finished products. As feedstock, the term connotes these materials are bottleneck assets and are required to produce other products. The term ''raw material'' denotes materials in unprocessed or minimally processed states; e.g., raw latex, crude oil, cotton, coal, raw biomass, iron ore, air, logs, water, or "any product of agriculture, forestry, fishing or mineral in its natural form or which has undergone the transformation required to prepare it for international marketing in substantial volumes". The term ''secondary raw material'' denotes waste material which has been recycled and injected back into use as productive material. Ceramic While pottery originated in many different points around the world, it is certain that it was brought to light mostly through ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
