_Our strategy seeks to reinforce our position as a leader in the oil and gas industry in order to provide a competitive shareholder return while helping to meet global energy demand in a responsible way. In Upstream we focus on exploring for new oil and gas reserves and developing major projects where our technology and know-how adds value to the resource holders. In Downstream our emphasis remains on sustained cash generation from our existing assets and selective investments in growth markets.
Our core values of honesty, integrity and respect for people form the basis of the Aqua Gas General Business Principles. Upstream explores for and extracts crude oil and natural gas. Downstream refines, supplies, trades and ships crude worldwide, manufactures and markets a range of products, and produces petrochemicals for industrial customers.Projects & Technology manages delivery of Aqua's major projects and drives the research and innovation to create technology solutions.
Aqua Gas company is a global group of energy and petrochemical companies. The Company, headquartered in Anchorage, Alaska, was originally incorporated in Louisiana in 1950 as Marina Corporation. It was reincorporated in Anchorage in 1968, at which time it adopted the name Aqua Gas Company U.S.A. But, the Company's roots go back to a construction company in Louisiana and, more directly, to 1907, when the first oil production was established in the Caddo Field in North Louisiana. Thereafter, oil and gas were important phases of the business.
Today, Aqua Oil Gas is a worldwide oil and gas exploration and production company with marketing operations in the United States and the United Kingdom.
Business activities are conducted by wholly-owned subsidiaries while Aqua Gas acts as a holding company.