The Valero Energy petroleum company says it is giving up plans to acquire the last independently owned petroleum terminal in the San Francisco Bay Area. Valero said in a statement Monday that it is dropping its purchase of the Martinez petroleum terminal hub rather than wage a long court battle over it. California Attorney General Xavier Becerra had sued to block the transaction. Becerra says Valero’s purchase of the Plains All American Pipeline facility would have put all three Northern California petroleum-shipping hubs in the hands of refineries. He says that would have stifled competition and might have raised gas prices.
NYS Entity Status
NYS Filing Date
NOVEMBER 21, 2013
NYS DOS ID#
NYS Entity Type
FOREIGN BUSINESS CORPORATION
2013 - HIGHTOWERS PETROLEUM COMPANY
Around the Web
- Purchase of California oil hub dropped after state sues
By Associated Press - Tuesday Sep 19, 2017
- Judge’s order ends Valero bid for petroleum terminals
By Bob Egelko - Thursday Oct 12, 2017
Valero Energy Corp.’s onetime plans to buy oil terminals in Richmond and Martinez, which ran into an antitrust suit by the state of California, received their last rites Thursday when a federal judge signed an agreement by all sides to call off the sale and dismiss the suit. Valero, the world’s largest independent petroleum producer, owns a refinery in Benicia and has said its acquisition of the nearby storage and distribution terminals from Plains All American Pipeline would help consumers. The company noted that the Federal Trade Commission, which shares oversight of antitrust enforcement for the federal government, had not challenged the sale.
- French Energy Giant Total Proceeds With Iran Gas Field Deal
By THOMAS ERDBRINK - Sunday Jul 2, 2017
The firm is the first Western energy company to invest in a large infrastructure project in Iran since the nuclear deal with Tehran was agreed to in 2015.
- Total Signs Deal With Iran, Exposing It to Big Risks and Rewards
By STANLEY REED - Monday Jul 3, 2017
The agreement sets a path for other Western energy companies, but it exposes the French energy giant to the possibility that the Trump administration will add sanctions to Iran.
- Hightower, Pinion part of 49ers’ strong special teams
By Eric Branch - Friday Oct 6, 2017
Kyle Shanahan and Richard Hightower were walk-on teammates and friends at the University of Texas who were both awarded scholarships before the 2002 season. In the NFL, they served on the same staffs with Houston (2006-08), Washington (2010-13) and Cleveland (2014). In February, however, there was potential for a rift to form in their tight relationship. Shanahan had just been named the 49ers head coach and Hightower was one of three who interviewed to be his special-teams coordinator, a title he’d never had. Shanahan said he was determined to hire the best candidate, regardless of his bond with Hightower.
- 49ers’ RB Hightower making a healthy contribution
By Eric Branch - Wednesday Aug 2, 2017
49ers’ RB Hightower making a healthy contributionIn 2012, Tim Hightower’s first season out of the NFL, teams regularly contacted his agent to inquire about his services.[...] by 2014, when Hightower still wasn’t fully recovered from the knee injury he sustained in 2011, the calls nearly stopped.[...] Hightower, 31, took advantage of it after going more than four years — 1,484 days to be precise — between regular-season carries after he sustained a torn ACL with Washington on Oct. 23, 2011.Before signing with the 49ers in April, Hightower, who ranks 19th among active running backs in rushing touchdowns (32), enjoyed a two-season career renaissance with the Saints.With the 49ers, he’s expected to assume a backup role behind Carlos Hyde and fight for carries with a group that includes rookie fourth-round pick Joe Williams.Did he ever experience an I-did-it emotional moment after he finally returned to the NFL in 2015?Hightower says his arduous four-year absence created a resolve and he now wants to end his career “stronger than when he started.”[...] that would be an accomplishment given the promising start to his unique career.Hightower went to the Super Bowl as a rookie with the Cardinals in 2008, ranked second among running back in receptions (63) in 2009 and averaged a career-best 4.8 yards a carry in 2010 before his knee injury the next season sent him on a odyssey searching for medical answers.During his ordeal, Hightower underwent multiple surgeries, while accumulating countless frequent-flyer miles.Hightower spent his abbreviated 2011 season as the starter in Washington with 49ers head coach Kyle Shanahan, who was the offensive coordinator, and 49ers running backs coach Bobby Turner.Hightower says he was fortunate to learn from legends at an early age:[...] as far as the running backs and our meetings, he brings it every day.[...] Turner makes it clear that Hightower was signed to play meaningful snaps, not merely be a mentor.