Tesoro Corporation (TSO) - Oil & Gas - Deals and Alliances Profile

 Published On: Dec, 2016 |    No of Pages: 135 |  Published By: GlobalData | Format: PDF
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Summary

Tesoro Corporation (Tesoro) is a midstream company. It is one of the leading refiners and marketers of petroleum products in North America. The company principally undertakes transportation of crude oil, and manufacturing, transportation and sale of transportation fuels. Through its subsidiaries, Tesoro operates refineries in the Western US and a network of retail fuel stations. The company’s product offerings include jet fuel, liquefied petroleum gas (LPG), gasoline, diesel, heavy fuel oils, petroleum coke, calcined coke, liquid asphalt, propylene and propane. It sells petroleum products through retail stations under the Tesoro, Shell, ARCO, Exxon, Mobil and USA Gasoline brands. It distributes its products through third-party terminals in the Western and Midwestern US. Tesoro is headquartered in San Antonio, Texas, the US.

Tesoro Corporation (TSO) - Oil & Gas - Deals and Alliances Profile provides you comprehensive data and trend analysis of the company's Mergers and Acquisitions (M&As), partnerships and financings. The report provides detailed information on Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnership transactions recorded by the company over a five year period. The report offers detailed comparative data on the number of deals and their value categorized into deal types, sub-sector and regions.

GlobalData derived the data presented in this report from proprietary in-house Oil & Gas eTrack deals database, and primary and secondary research.

Scope

- Financial Deals - Analysis of the company's financial deals including Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnerships.
- Deals by Year - Chart and table displaying information encompassing the number of deals and value reported by the company by year, for a five year period.
- Deals by Type - Chart and table depicting information including the number of deals and value reported by the company by type such as Mergers and Acquisitions, Equity/Debt Offering etc.
- Deals by Region - Chart and table presenting information on the number of deals and value reported by the company by region, which includes North America, Europe, Asia Pacific, the Middle East and Africa and South and Central America.
- Deals by Sub-sector - Chart and table showing information on the number of deals and value reported by the company, by sub-sector.
- Major Deals - Information on the company's major financial deals. Each such deal has a brief summary, deal type, deal rationale; and deal financials and target Company’s (major public companies) key financial metrics and ratios.
- Business Description - A brief description of the company's operations.
- Key Employees - A list of the key executives of the company.
- Important Locations and Subsidiaries - A list and contact details of key centers of operation and subsidiaries of the company.
- Key Competitors - A list of the key competitors of the company.
- Key Recent Developments - A brief on recent news about the company.

Reasons to Buy

Get detailed information on the company's financial deals that enable you to understand the company's expansion/divestiture and fund requirements
- The profile enables you to analyze the company's financial deals by region, by year, by business segments and by type, for a five year period.

Understand the company's business segments' expansion / divestiture strategy
- The profile presents deals from the company's core business segments' perspective to help you understand its corporate strategy.

Access elaborate information on the company's recent financial deals that enable you to understand the key deals which have shaped the company
- Detailed information on major recent deals includes a summary of each deal, deal type, deal rationale, deal financials and Target Company's key financial metrics and ratios.

Equip yourself with detailed information about the company’s operations to identify potential customers and suppliers.
- The profile analyzes the company's business structure, locations and subsidiaries, key executives and key competitors.

Stay up-to-date on the major developments affecting the company
- Recent developments concerning the company presented in the profile help you track important events.

Gain key insights into the company for academic or business research
- Key elements such as break up of deals into categories and information on detailed major deals are incorporated into the profile to assist your academic or business research needs.

Note*: Some sections may be missing if data is unavailable for the company.

Table of Contents
Table of Contents 2
List of Tables 5
List of Figures 7
Tesoro Corporation, Oil & Gas, Deals By Year, 2010 to YTD 2016 8
Tesoro Corporation, Oil & Gas Deals By Type, 2010 to YTD 2016 9
Tesoro Corporation, Oil & Gas, Deals By Region, 2010 to YTD 2016 10
Tesoro Corporation, Oil & Gas, Deals By Sector, 2010 to YTD 2016 11
Tesoro Corporation, Oil & Gas, Deals Summary, 2010 to YTD 2016 12
Tesoro Corporation, Oil & Gas, Deal Details 15
Asset Purchase 15
Tesoro Logistics To Acquire Midstream Assets In North Dakota From Whiting Oil, GBK Investments And WBI Energy Midstream For US$700 Million 15
Tesoro Logistics Acquires Terminal And Storage Assets In California From Tesoro For US$400 Million 16
Tesoro Logistics Completes Acquisition Of Terminal Assets In Alaska From Tesoro For US$178 Million 17
Tesoro Logistics Acquires Storage Assets In Alaska From Tesoro For US$266 Million 18
Tesoro Completes Acquisition Of Wholesale Marketing And Logistics Assets In Alaska from Flint Hill Resources 19
Tesoro Logistics Completes Acquisition Of Los Angeles Refinery Storage And Pipeline Assets In California From Tesoro For US$500 Million 20
Tesoro Logistics Completes Acquisition Of Three Terminals In US From Tesoro For US$241 Million 21
Tesoro Logistics Completes Acquisition Of Remaining Portion Of Los Angeles Logistics Assets From Tesoro Refining & Marketing For US$650 Million 23
Tesoro Logistics Completes Acquisition Of Chevron’s Northwest Products Pipeline System And Northwest Terminal Assets For US$355 Million 24
Tesoro Completes Acquisition Of BP’s Southern California Refining and Marketing Business For US$2.43 Billion 25
Tesoro Logistics Completes Acquisition Of Six Marketing And Storage Terminal Facilities In Southern California From Tesoro For US$640 Million 27
Tesoro Logistics Completes Acquisition Of Marine Terminal In Long Beach And Short-Haul Pipelines In Los Angeles From Tesoro Refining and Marketing For US$210 Million 29
Tesoro Logistics Acquires Martinez Crude Oil Marine Terminal For US$75 Million 30
Tesoro Completes Acquisition Of 49 Albertsons Fuel Centers From SuperValu For US$37 Million 31
Tesoro Plans To Acquire Refinery 32
Partnerships 33
Tesoro Refining Forms Joint Venture With Savage Companies 33
Equity Offering 34
Tesoro Logistics Completes Public Offering Of Units For US$1.32 Billion 34
Tesoro Logistics Completes Public Offering Of Units For US$144 Million 35
Tesoro Logistics Completes Public Offering Of Units For US$321.6 Million 37
QEP Midstream Partners Completes IPO Of Units For US$483 Million 38
Tesoro Logistics Completes Public Offering Of Units For US$407.6 Million 39
Tesoro Logistics Completes Public Offering Of Units For US$178 Million 41
Tesoro Logistics Completes IPO For US$314 Million 42
Debt Offering 44
Tesoro Logistics Completes Public Offering Of 6.125% Senior Notes, Due 2021 For US$250 Million 44
Tesoro Logistics Completes Public Offering Of 6.375% Senior Notes, Due 2024 For US$450 Million 45
Tesoro Logistics Completes Private Placement Of 5.5% Senior Notes For US$500 Million 47
Tesoro Logistics Completes Private Placement Of 6.25% Senior Notes For US$800 Million 47
Tesoro Completes Public Offering Of 5.125% Notes Due 2024 For US$300 Million 48
Tesoro Logistics Completes Private Placement Of 5.875% Notes, Due 2020, For US$250 Million 49
Tesoro Logistics Completes Private Placement Of 6.125% Notes Due 2021 For US$550 Million 50
Tesoro Completes Public Offering Of 4.25% Notes Due 2017 For US$450 Million 51
Tesoro Completes Pubic Offering Of 5.375% Notes Due 2022 For US$475 Million 52
Tesoro Logistics Completes Private Placement Of 5.875% Notes Due 2020 For US$350 Million 53
Asset Transactions 54
Tesoro Logistics Acquires Terminal And Storage Assets In California From Tesoro For US$400 Million 54
Tesoro Logistics Completes Acquisition Of Terminal Assets In Alaska From Tesoro For US$178 Million 56
Tesoro Logistics Acquires Storage Assets In Alaska From Tesoro For US$266 Million 57
Tesoro Logistics Completes Acquisition Of Los Angeles Refinery Storage And Pipeline Assets In California From Tesoro For US$500 Million 58
Tesoro Logistics Completes Acquisition Of Three Terminals In US From Tesoro For US$241 Million 59
Tesoro Completes Sale Of Boise Terminal In Idaho 60
Tesoro Logistics Completes Acquisition Of Remaining Portion Of Los Angeles Logistics Assets From Tesoro Refining & Marketing For US$650 Million 61
Tesoro Logistics Completes Acquisition Of Six Marketing And Storage Terminal Facilities In Southern California From Tesoro For US$640 Million 62
Tesoro Logistics Completes Acquisition Of Marine Terminal In Long Beach And Short-Haul Pipelines In Los Angeles From Tesoro Refining and Marketing For US$210 Million 63
Tesoro Logistics Acquires Martinez Crude Oil Marine Terminal For US$75 Million 64
Acquisition 66
Tesoro To Acquire Western Refining For US$6.34 Billion 66
WBI Energy Acquires Remaining 50% Interest In Dakota Prairie Refining From Calumet Specialty For US$28.5 Million 67
Tesoro Completes Acquisition Of Dakota Prairie Refining From WBI Energy For US$66 Million 68
Tesoro Completes Acquisition Of Great Northern Midstream 69
Tesoro Rumored To Acquire HollyFrontier 70
Tesoro Logistics Completes Acquisition Of Remaining 44.2% Stake In QEP Midstream Partners 71
Tesoro Logistics Completes Acquisition Of QEP Field Services From QEP Resources For US$2.5 Billion 72
Tesoro Logistics Completes Acquisition Of Tesoro Alaska Pipeline Company From Tesoro For US$28.6 Million 74
QEP Midstream Completes Acquisition Of 40% Interest In Green River Processing From QEP Resources For US$230 Million 75
Par Petroleum Completes Acquisition Of Tesoro Hawaii, Downstream Energy Company, From Tesoro 76
Tesoro Corporation - Key Competitors 78
Key Employees 79
Locations And Subsidiaries 81
Head Office 81
Other Locations & Subsidiaries 81
Recent Developments 83
Strategy and Business Expansion 83
May 12, 2015: Tesoro Scraps 217km Crude Pipeline Project In Utah, US 83
Jan 06, 2015: Tesoro To Close FCCU Unit In integration Of Los Angeles Refineries 84
Financial Announcements 85
Aug 03, 2016: Tesoro Reports 2016 Second Quarter Results 85
Feb 02, 2016: Tesoro Reports Fourth Quarter And Record Full Year Results For 2015 87
Oct 28, 2015: Tesoro Reports Record 2015 Third Quarter Results 89
Aug 05, 2015: Tesoro Reports 2015 Second Quarter Record Results 91
May 07, 2015: Tesoro Reports 2015 First Quarter Results 93
Apr 22, 2015: Tesoro Pre-Releases First Quarter 2015 Earnings And Affirms Second Quarter And Full Year Guidance For 2015 95
Feb 11, 2015: Tesoro Reports 2014 Fourth Quarter And Record Full Year Results 96
Other Significant Developments 98
Nov 10, 2016: Tesoro Announces Election Of William H. Schumann, III, To Board Of Directors 98
Oct 18, 2016: Chevron Completes Preliminary Bidding On British Columbia Refinery 99
Oct 03, 2016: Tesoro Enters Into New $2.0 Billion Revolving Credit Facility 100
Aug 30, 2016: PSC Schedules Public Hearing In Watford City For Proposed Crude Oil Pipeline 101
Aug 27, 2016: Tesoro Reports Explosion At Los Angeles Refinery 102
Aug 11, 2016: CSB Issues Safety Alert Stemming From Fatal Tesoro Anacortes Investigation 103
Aug 02, 2016: CSB Releases Final Report On Facility Safety Culture Following A Series Of Sulfuric Acid Releases At The Tesoro Martinez Refinery In California 105
Jul 19, 2016: Vancouver City Council Prohibits Oil Storage And Refining In Industrial Zones 107
Jul 18, 2016: Par Pacific Enters Into Consent Decree And Will Install Air Pollution Control Equipment During Planned Hawaii Refinery Turnaround 108
Mar 15, 2016: PSC Schedules Public Hearing In Fargo For Proposed Petroleum Products Storage Facility 109
Feb 03, 2016: Tesoro And Tesoro Logistics Announce New Executive Appointment 110
Jan 28, 2016: PSC Announces Public Hearing Scheduled In Watford City For Proposed Crude Oil Pipeline 111
Jan 25, 2016: Tesoro Finishes Unplanned Maintenance On Wilmington Portion Of Los Angeles Refinery 112
Jan 08, 2016: PSC: Hearing Scheduled For Proposed Petroleum Products Pipeline In Cass County 113
Jan 04, 2016: Tesoro Resumes Operations At Martinez Refinery After Power Outage 114
Dec 18, 2015: Tesoro Restarts Normal Operations At Martinez Refinery 115
Dec 11, 2015: Tesoro Fails To Put Anacortes Refinery's FCC Unit Back Into Service 116
Sep 17, 2015: Vancouver Energy Emphasizes Crude Oil-By-Rail Safety With Tesoro’s New Rail Cars 117
Jul 25, 2015: Stand Up To Oil: 101 Small Businesses Call On Governor Inslee To Reject Crude-By-Rail Proposal In Vancouver, WA 118
Jul 09, 2015: Californians Overcharged $4.5 Billion For Gasoline “Gouging Gap” Since Price Spike Began; Gas Prices Set To Climb Even More 119
Jun 30, 2015: Consumer Watchdog Presents Evidence To Attorney General & State Of Oil Refiners’ Unprecedented Market Manipulation To Artificially Raise Gas Prices 120
May 21, 2015: Consumer Watchdog Asks US Attorneys To Investigate Refinery “Maintenance” Issues Driving CA Gas Price Spikes 121
May 18, 2015: Tesoro Exceeds New Federal Crude Oil Tank Cars Standards With Addition Of Enhanced Rail Cars 123
May 15, 2015: Southern California Gas Price Difference With U.S. Greatest In 15 Years; 3 Month Bill To Californians Hits $2.4 Billion As CA Oil Refining Profits Soar 124
Apr 17, 2015: Tesoro Logistics Announces Changes To Its Board Of Directors 125
Mar 27, 2015: Tesoro Begins Restart Of Martinez Refinery And Updates First Quarter Guidance 126
Mar 04, 2015: CBE: Lawsuit Filed: Tar Sands Crude By Rail Project Exposed 127
Feb 23, 2015: Tesoro Restarts Work At Martinez Refinery In California, US 128
Feb 19, 2015: USW Rejects Latest Proposal From Oil Firms, Threatens to Continue Strikes 129
Feb 06, 2015: Consumer Watchdog Urges CA Attorney General And Regulators To Investigate Tesoro’s Martinez Refinery Shutdown To Rule Out Gasoline Price Manipulation 130
Feb 03, 2015: United Steelworkers Continue Strike At Nine Oil Refineries In US 131
Feb 02, 2015: Tesoro Well Prepared To Safely Continue Refinery Operations And Meet Customer Commitments Following Strike By United Steelworkers 132
Jan 19, 2015: Tesoro Seeks Approval To Combine Two South Bay Refineries Into One Single Refinery 133
New Contracts Announcements 134
Jan 07, 2016: Tesoro Boosts Fuel Supply Position In Nevada 134
Appendix 135
Methodology 135
About GlobalData 135
Contact Us 135
Disclaimer 135

List of Tables
Tesoro Corporation, Oil & Gas, Key Facts, 2015 1
Tesoro Corporation, Oil & Gas, Deals Summary, 2010 to YTD 2016 1
Tesoro Corporation, Oil & Gas, Deals By Year, 2010 to YTD 2016 8
Tesoro Corporation, Oil & Gas Deals By Type, 2010 to YTD 2016 9
Tesoro Corporation, Oil & Gas, Deals By Region, 2010 to YTD 2016 10
Tesoro Corporation, Deals By Sector, 2010 to YTD 2016 11
Tesoro Corporation, Oil & Gas, Deals Summary, 2010 to YTD 2016 12
Tesoro Logistics To Acquire Midstream Assets In North Dakota From Whiting Oil, GBK Investments And WBI Energy Midstream For US$700 Million 15
Tesoro Logistics Acquires Terminal And Storage Assets In California From Tesoro For US$400 Million 16
Tesoro Logistics Completes Acquisition Of Terminal Assets In Alaska From Tesoro For US$178 Million 17
Tesoro Logistics Acquires Storage Assets In Alaska From Tesoro For US$266 Million 18
Tesoro Completes Acquisition Of Wholesale Marketing And Logistics Assets In Alaska from Flint Hill Resources 19
Tesoro Logistics Completes Acquisition Of Los Angeles Refinery Storage And Pipeline Assets In California From Tesoro For US$500 Million 20
Tesoro Logistics Completes Acquisition Of Three Terminals In US From Tesoro For US$241 Million 21
Tesoro Logistics Completes Acquisition Of Remaining Portion Of Los Angeles Logistics Assets From Tesoro Refining & Marketing For US$650 Million 23
Tesoro Logistics Completes Acquisition Of Chevron’s Northwest Products Pipeline System And Northwest Terminal Assets For US$355 Million 24
Tesoro Completes Acquisition Of BP’s Southern California Refining and Marketing Business For US$2.43 Billion 25
Tesoro Logistics Completes Acquisition Of Six Marketing And Storage Terminal Facilities In Southern California From Tesoro For US$640 Million 27
Tesoro Logistics Completes Acquisition Of Marine Terminal In Long Beach And Short-Haul Pipelines In Los Angeles From Tesoro Refining and Marketing For US$210 Million 29
Tesoro Logistics Acquires Martinez Crude Oil Marine Terminal For US$75 Million 30
Tesoro Completes Acquisition Of 49 Albertsons Fuel Centers From SuperValu For US$37 Million 31
Tesoro Plans To Acquire Refinery 32
Tesoro Refining Forms Joint Venture With Savage Companies 33
Tesoro Logistics Completes Public Offering Of Units For US$1.32 Billion 34
Tesoro Logistics Completes Public Offering Of Units For US$144 Million 35
Tesoro Logistics Completes Public Offering Of Units For US$321.6 Million 37
QEP Midstream Partners Completes IPO Of Units For US$483 Million 38
Tesoro Logistics Completes Public Offering Of Units For US$407.6 Million 39
Tesoro Logistics Completes Public Offering Of Units For US$178 Million 41
Tesoro Logistics Completes IPO For US$314 Million 42
Tesoro Logistics Completes Public Offering Of 6.125% Senior Notes, Due 2021 For US$250 Million 44
Tesoro Logistics Completes Public Offering Of 6.375% Senior Notes, Due 2024 For US$450 Million 45
Tesoro Logistics Completes Private Placement Of 5.5% Senior Notes For US$500 Million 47
Tesoro Logistics Completes Private Placement Of 6.25% Senior Notes For US$800 Million 47
Tesoro Completes Public Offering Of 5.125% Notes Due 2024 For US$300 Million 48
Tesoro Logistics Completes Private Placement Of 5.875% Notes, Due 2020, For US$250 Million 49
Tesoro Logistics Completes Private Placement Of 6.125% Notes Due 2021 For US$550 Million 50
Tesoro Completes Public Offering Of 4.25% Notes Due 2017 For US$450 Million 51
Tesoro Completes Pubic Offering Of 5.375% Notes Due 2022 For US$475 Million 52
Tesoro Logistics Completes Private Placement Of 5.875% Notes Due 2020 For US$350 Million 53
Tesoro Logistics Acquires Terminal And Storage Assets In California From Tesoro For US$400 Million 54
Tesoro Logistics Completes Acquisition Of Terminal Assets In Alaska From Tesoro For US$178 Million 56
Tesoro Logistics Acquires Storage Assets In Alaska From Tesoro For US$266 Million 57
Tesoro Logistics Completes Acquisition Of Los Angeles Refinery Storage And Pipeline Assets In California From Tesoro For US$500 Million 58
Tesoro Logistics Completes Acquisition Of Three Terminals In US From Tesoro For US$241 Million 59
Tesoro Completes Sale Of Boise Terminal In Idaho 60
Tesoro Logistics Completes Acquisition Of Remaining Portion Of Los Angeles Logistics Assets From Tesoro Refining & Marketing For US$650 Million 61
Tesoro Logistics Completes Acquisition Of Six Marketing And Storage Terminal Facilities In Southern California From Tesoro For US$640 Million 62
Tesoro Logistics Completes Acquisition Of Marine Terminal In Long Beach And Short-Haul Pipelines In Los Angeles From Tesoro Refining and Marketing For US$210 Million 63
Tesoro Logistics Acquires Martinez Crude Oil Marine Terminal For US$75 Million 64
Tesoro To Acquire Western Refining For US$6.34 Billion 66
WBI Energy Acquires Remaining 50% Interest In Dakota Prairie Refining From Calumet Specialty For US$28.5 Million 67
Tesoro Completes Acquisition Of Dakota Prairie Refining From WBI Energy For US$66 Million 68
Tesoro Completes Acquisition Of Great Northern Midstream 69
Tesoro Rumored To Acquire HollyFrontier 70
Tesoro Logistics Completes Acquisition Of Remaining 44.2% Stake In QEP Midstream Partners 71
Tesoro Logistics Completes Acquisition Of QEP Field Services From QEP Resources For US$2.5 Billion 72
Tesoro Logistics Completes Acquisition Of Tesoro Alaska Pipeline Company From Tesoro For US$28.6 Million 74
QEP Midstream Completes Acquisition Of 40% Interest In Green River Processing From QEP Resources For US$230 Million 75
Par Petroleum Completes Acquisition Of Tesoro Hawaii, Downstream Energy Company, From Tesoro 76
Tesoro Corporation, Key Competitors 78
Tesoro Corporation, Key Employees 79
Tesoro Corporation, Other Locations 81
Tesoro Corporation, Subsidiaries 81

List of Figures
Tesoro Corporation, Oil & Gas, Deals by Type, 2010 to YTD 2016 1
Tesoro Corporation, Oil & Gas, Deals By Year, 2010 to YTD 2016 1
Tesoro Corporation, Oil & Gas, Deals By Region, 2010 to YTD 2016 1
Tesoro Corporation, Oil & Gas, Deals By Sector, 2010 to YTD 2016 1
Tesoro Corporation, Oil & Gas, Deals By Year, 2010 to YTD 2016 8
Tesoro Corporation, Oil & Gas, Deals by Type, 2010 to YTD 2016 9
Tesoro Corporation, Oil & Gas, Deals By Region, 2010 to YTD 2016 10
Tesoro Corporation, Oil & Gas, Deals by Sector, 2010 to YTD 2016 11


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