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Tag Archives: oil refinery

Aruba, Citgo negotiate deal to reopen shuttered oil refinery

Aruba, oil refinery, Citgo

SAN JUAN, Puerto Rico (AP) — The Aruban government and Venezuela’s Citgo Petroleum Corp. are finalizing an agreement to reopen an oil refinery that has been shuttered since 2009. Aruban Energy Minister Mike de Mesa says the accord calls for the rehabilitation of the facility and provides the U.S.-based subsidiary of Venezuelan state oil company PDVSA with a 15-year operational ...

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Longview port ends talks with oil refinery developer

Longview port ends talks with oil refinery developer

LONGVIEW, Wash. (AP) — Port of Longview commissioners have cut off talks with the Texas-based developer of an $800 million oil refinery and a propane terminal in southwest Washington. The Daily News of Longview says commissioners voted Tuesday 3-0 to end talks with Waterside Energy. The company proposed two projects on land adjacent to the port but needs to use ...

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Exxon deficiencies found in California refinery blast

Report on 2015 California refinery blast to be unveiled

REDONDO BEACH, Calif. — An explosion at an ExxonMobil oil refinery in California last year could have been prevented if managers had taken into account aging safety equipment and shut down a key, spark-generating part of the refinery before attempting repairs elsewhere, federal investigators said Wednesday. The unit being repaired had operated for five years without a maintenance overhaul and, ...

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USVI signs $800M deal to sell shuttered oil refinery

CHARLOTTE AMALIE, U.S. Virgin Islands — The U.S. Virgin Islands has signed an $800 million deal to sell what was once the world’s largest oil refinery to a Boston-based equity firm. The government announced Tuesday that it would receive a $220 million upfront payment from ArcLight Capital Partners’ Limetree Bay Holdings as part of the 25-year deal that is expected to ...

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Company wants to expand energy project on Columbia River

LONGVIEW, Wash. — A Houston-based energy company has unveiled plans to expand its proposed energy project along the Columbia River in Longview. In addition to an $800 million proposed oil refinery, Waterside Energy says it also wants to build a $450 million liquefied petroleum gas on private property. The Daily News reports that about one train a day would bring ...

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Devils Lake approves new refinery

A new oil refinery is coming to the town of Devils Lake, North Dakota, reports the Forum News Service (FNS). A development agreement has been made between the Devils Lake City Commission and Eagles Ledge Energy, clearing a path for the construction of a 20,000 barrel-per-day refinery. After approval of the agreement, City Commissioner Rick Morse said, “I think this ...

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Port of Longview shows interest in siting oil refinery

Documents obtained by an environmental group show the Port of Longview could become home to an oil refinery receiving 100- to 120-car unit trains loaded with crude from North Dakota’s Bakken shale formation. A slide presentation, an unsigned memo of understanding dated July 2014 and discussion points indicate the port has discussed a refinery project with Riverside Energy, Inc. Under ...

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Chevron exits Caltex Australia stake for $3.7 bln

PERTH – U.S. energy giant Chevron sold its entire stake in refiner Caltex Australia Ltd for A$4.7 billion ($3.7 billion) in Asia’s biggest block deal this year, as falling oil prices and high costs hurt margins. Offshore institutional investor demand for the 50 percent stake in Australia’s biggest refiner was strong, with bidding driving the final price to A$35 a ...

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