Type | Private (1920–28) Subsidiary (1928–76) |
---|---|
Industry | Petroleum |
Founded | March 1920 |
Defunct | January 1, 1976 |
Fate | Nationalised by the Government of Venezuela |
Headquarters | |
Area served | Venezuela |
Parent | Standard Oil of New Jersey (1928–76) |
The Creole Petroleum Corporation was an American oil company. It was formed in 1920 to produce fields on Lake Maracaibo, Venezuela. [1] The company was acquired by Standard Oil of New Jersey in 1928. Until 1951 Creole Petroleum was the world's number one oil producer. [2]
In 1950, Creole opened its refinery at Amuay bay. [3] This is now a part of the Paraguaná Refinery Complex considered the world's third largest refinery complex, just after Jamnagar Refinery (India) and Ulsan Refinery (South Korea).
The Venezuelan assets of Creole Petroleum Corporation were nationalized along with those of other foreign oil firms on January 1, 1976, becoming as Lagoven filial part of PDVSA, a Venezuelan government-owned operating company. [4]
Gulf Oil was a major global oil company in operation from 1901 to 1985. The eighth-largest American manufacturing company in 1941 and the ninth-largest in 1979, Gulf Oil was one of the Seven Sisters oil companies. Prior to its merger with Standard Oil of California, Gulf was one of the chief instruments of the Mellon family fortune; both Gulf and Mellon Financial had their headquarters in Pittsburgh, Pennsylvania, with Gulf's headquarters, the Gulf Tower, being Pittsburgh's tallest building until the completion of the U.S. Steel Tower.
Sunoco LP is an American master limited partnership organized under Delaware state laws and headquartered in Dallas, Texas. Dating back to 1886, the company has transitioned from a vertically integrated energy company to a distributor of fuels. It was previously engaged in oil, natural gas exploration and production, refining, chemical manufacturing, and retail fuel sales, but divested these businesses. Sunoco is the largest independent distributor of fuels in the United States.
An oil refinery or petroleum refinery is an industrial process plant where petroleum is transformed and refined into useful products such as gasoline (petrol), diesel fuel, asphalt base, fuel oils, heating oil, kerosene, liquefied petroleum gas and petroleum naphtha. Petrochemical feedstock like ethylene and propylene can also be produced directly by cracking crude oil without the need of using refined products of crude oil such as naphtha. The crude oil feedstock has typically been processed by an oil production plant. There is usually an oil depot at or near an oil refinery for the storage of incoming crude oil feedstock as well as bulk liquid products. In 2020, the total capacity of global refineries for crude oil was about 101.2 million barrels per day.
Citgo Petroleum Corporation is a United States–based refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals and other industrial products. Headquartered in the Energy Corridor area of Houston, it is majority-owned by PDVSA, a state-owned company of the Venezuelan government.
Shell USA, Inc. is the United States-based wholly owned subsidiary of Shell plc, a UK-based transnational corporation "oil major" which is amongst the largest oil companies in the world. Approximately 18,000 Shell employees are based in the U.S. Its U.S. headquarters are in Houston, Texas. Shell USA, including its consolidated companies and its share in equity companies, is one of America's largest oil and natural gas producers, natural gas marketers, fuel marketers and petrochemical manufacturers.
The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transportation, and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, synthetic fragrances, and plastics. The industry is usually divided into three major components: upstream, midstream, and downstream. Upstream regards exploration and extraction of crude oil, midstream encompasses transportation and storage of crude, and downstream concerns refining crude oil into various end products.
Petróleos de Venezuela, S.A. is the Venezuelan state-owned oil and natural gas company. It has activities in exploration, production, refining and exporting oil as well as exploration and production of natural gas. Since its founding on 1 January 1976, with the nationalization of the Venezuelan oil industry, PDVSA has dominated the oil industry of Venezuela, the world's fifth largest oil exporter.
Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011.
Phillips Petroleum Company was an American oil company incorporated in 1917 that expanded into petroleum refining, marketing and transportation, natural gas gathering and the chemicals sectors. It was Phillips Petroleum that first found oil in the North Sea on December 23, 1969, at a position that was later named Ekofisk.
Hess Corporation is an American global independent energy company involved in the exploration and production of crude oil and natural gas. It was formed by the merger of Hess Oil and Chemical and Amerada Petroleum in 1968. Leon Hess served as CEO from the early 1960s through 1995, after which his son John B Hess succeeded him as chairman and CEO. The company has agreed to be acquired by rival oil company Chevron.
Punto Fijo is the capital city of the municipality of Carirubana in northern Falcón State, Venezuela. It is located on the southwestern coast of the Paraguaná Peninsula. Its metropolitan area includes the parishes of Norte, Carirubana, Punta Cardón and the parish of Judibana in the municipality of Los Taques. Punto Fijo is the largest city in Falcón State.
Creole may refer to:
Chennai Petroleum Corporation Limited (CPCL), formerly known as Madras Refineries Limited (MRL), is a subsidiary of Indian Oil Corporation Limited which is under the ownership of Ministry of Petroleum and Natural Gas of the Government of India. It is headquartered in Chennai, India. It was formed as a joint venture in 1965 between the Government of India (GOI), Amoco and National Iranian Oil Company (NIOC), having a shareholding in the ratio 74%: 13%: 13% respectively. From the grassroots stage CPCL Refinery was set up with an installed capacity of 2.5 million tonnes per year in a record time of 27 months at a cost of ₹430 million (US$5.4 million) without any time or cost overrun.
Amuay is a fishing town located in the Paraguana Peninsula, in Falcón state, Venezuela. It is a natural bay, also has a fishing port and the bigger part of the Paraguana Refinery Complex (one of the largest oil refineries in the world - 940.000 barrels per day ) is located there.
Bharat Petroleum Corporation Limited (BPCL) is an Indian public sector undertaking (PSU) under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. It operates three refineries in Bina, Kochi and Mumbai. BPCL is India's second-largest government-owned downstream oil producer, whose operations are overseen by the Ministry of Petroleum and Natural Gas. BPCL was ranked 309th on the Fortune list of the world's biggest PSUs in 2020, and 792nd on Forbes's "Global 2000" list in 2021.
Venezuela has the world's largest proven oil reserves at an estimated 304 billion barrels as of 2020. The country was previously one of the world's largest exporters of oil, but the oil industry saw a significant decline since its peak in 2012.
The Paraguaná Refinery Complex is a crude oil refinery complex in Venezuela. It is considered the world's second largest refinery complex, just after Jamnagar Refinery (India). The Paraguaná Refinery Complex was created by the fusion of Amuay Refinery, Bajo Grande Refinery and Cardón Refinery. The Paraguana Refinery Complex is still the largest refinery in the Western Hemisphere. As of 2012, it refined 955 thousand barrels per day (151,800 m3/d). The complex is located in the Paraguaná Peninsula in Falcón state and the western coast of Lake Maracaibo in the Zulia state. The complex accounts for 71% of the refining capacity of Venezuela and it belongs to the state-owned company Petróleos de Venezuela (PDVSA).
Caripito is a city in the state of Monagas, Venezuela. It has around 50,000 inhabitants. It is the third largest city in the state, after Maturín and Punta de Mata.
Lago Petroleum Corporation was an oil production company established by Americans in 1923 that exploited the oilfields in Lake Maracaibo. It was acquired by Standard Oil of New Jersey in 1932. Later it was nationalized.
Esso Maracaibo was a tanker of the Creole Petroleum Corporation. She was the second ship of that enterprise to bear that name, the first one having been USS Narraguagas. Its purpose was to transport crude oil between Lake Maracaibo and Aruba. It made international headlines on 6 April 1964, when it rammed the General Rafael Urdaneta Bridge, causing two spans of it to collapse.
in 1920 the creole petroleum corporation formed
Arabian American Oil Co. supplanted Creole as No.1 in July of this year.
Creole's of similar size at Amuay