Thomas Usher, chairman of the board of Marathon Petroleum Corp. (MPC), will retire following the company’s shareholder’s meeting April 27, the company said. The board of directors has elected Gary Heminger, MPC president and CEO, to succeed Usher as chairman in addition to his current duties. Usher joined United States Steel Corp. in 1965 and played a pivotal roles in both the separation of Marathon Oil and U.S. Steel in 2001 and the spinoff of MPC from Marathon Oil in 2011. Heminger joined Marathon in 1975 and has worked in a variety of groups and functions, including auditing, marketing and commercial roles, and in Marathon’s pipeline subsidiary. He held several executive positions in Marathon’s downstream business, and was appointed president of MPC, a wholly owned subsidiary of Marathon, in 2001. Heminger is also chairman of the board and chief executive officer of MPLX GP LLC.
Usher
Articles from Usher
Nevada Utility Plan for Coal Rollback Advances
Nevada’s state Senate on Wednesday gave unanimous approval to a utility-backed proposal (SB 123) to retire coal-fired generation in the state and to usher in more natural gas-fired and renewable generation in the years ahead. SB 123 now goes to the lower house Assembly for action.
Hurricanes Could Hit Gulf Coast Hard, Forecaster Says
When the 2011 Atlantic hurricane season officially begins Wednesday (June 1), it will usher in five months of active tropical storm production, including a “significant threat for hurricane landfall” in the Gulf of Mexico (GOM), forecasters at Andover, MA-based WSI Corp. said last week.
Hurricanes Could Hit Gulf Coast Hardest This Year, Forecaster Says
When the 2011 Atlantic hurricane season officially begins next Wednesday (June 1), it will usher in five months of active tropical storm production, including a “significant threat for hurricane landfall” in the Gulf of Mexico (GOM), forecasters at Andover, MA-based WSI Corp. said Tuesday.
Canada’s Nuclear Future Has Roots in Oil and Gas
Efforts to usher Canada’s chief natural gas-producing province into the atomic age — and potentially add a new power exporter to the North American grid — have escalated to competition on an international scale.
Canada’s Nuclear Future Has Roots in Oil and Gas
Efforts to usher Canada’s chief natural gas-producing province into the atomic age — and potentially add a new power exporter to the North American grid — have escalated to competition on an international scale.
Weak Longs, Warm Forecasts Usher Futures Lower Monday
Pressured by the bearish agreement of mild current temperatures and unseasonably warm weather forecasts, the natural gas futures market tumbled lower in waves of selling during both Sunday night’s Access trading and Monday’s regular open-outcry session.
Cold Weather Forecasts Usher Futures Above $5.00
Fueled by forecasts calling for below-normal temperatures andboosted by technical factors, which have suddenly turned verybullish, natural gas futures rumbled higher yesterday as traderstried their hand again at the long side of the market. Aftergapping convincingly higher on the open, the December contractnever looked back as prices drifted 23.2 cents higher to close at$5.081.
Warming Temps, Profit-Taking Usher Futures Lower
Natural gas bulls never got a chance yesterday as traders shedlong positions in sympathy with falling cash market prices and inanticipation of warming temperatures this week. By the time thedust had cleared and the orders were tabulated, the March contracthad slipped a cool 18 cents lower, tumbling beneath several keylayers of support and easily negating last Friday’s impressivegains.
Weather, Technical Factors Usher Futures Higher
Natural gas futures resumed trading Tuesday right where theyleft off last week as traders pressured the market higher in twodistinct buying surges. The first one came at 10:00 a.m. (EST),when February opened a penny above last Friday’s $2.35 high onreports of the coldest air of the season for the Northeast U.S. Thesecond wave of buying came near the close, in a local-led attemptto push the spot month above its 40-day moving average at $2.385.In the end that push was only half-successful; February was able topunch through its 40-day average, but was unable to settle aboveit. The contract closed up 6.1 cents at $2.383 amid light volume ofjust 43,581.
