Shell is looking for buyers of its Anacortes refinery in Washington, unnamed sources told Reuters, adding that if a sale takes place it would leave Shell's refining operations in North America concentrated in the Gulf Coast. COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT PERMISSION OF THE PUBLISHER, Reporting by Erwin Seba; Editing by Kirsten Donovan, Global Maintenance and Turnaround Directory, Shell plans to hang on to Louisiana refinery, Six considerations for turbomachinery control upgrades, Viewpoint: “Intelligizing” the refinery for business sustainability, Business Trends: Global petrochemical overview—Part 1, Maximize petrochemicals in the FCCU to boost refinery margins, improve gasoline pool quality, Business Trends: Clean fuels—a global shift to a low-sulfur world, Top seven causes for lost olefin production, Refinery cuts output, faces suspension on weak demand, World's largest plant capturing carbon from air starts in Iceland. Individuals should consider whether they can afford the risks associated to trading. May 6, 2021 [Rigzone] Royal Dutch Shell's (NYSE: RDS.A) subsidiary, Equilon Enterprises LLC d/b/a Shell Oil Products U.S., has reached an agreement for the sale of its Puget Sound Refinery near Anacortes, Washington. Anacortes Shell refinery for sale, announces parent company. First Element '21: Panelists discuss H2 transportation policy and infrastructure in U.S. Sibur boosts petrochemical exports to Europe as pandemic shock subsides, LyondellBasell plans quick sale of Houston oil refinery, Chevron, Bunge announce proposed JV to create renewable fuel feedstocks, Reliability: ARC spring dampers eliminate compressor instability, Failure prevention—The ultimate asset management strategy, Editorial Comment: Optimizing our message to the oil and gas industry. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release , including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell's products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak; and (n) changes in trading conditions. Found insideThis is the only stem-to-stern guide to all aspects of boat cleaning and detailing. The book recommends both generic and brand-name cleaning and maintenance materials to help you make the right selections. Found inside – Page 224“ Waste Disposal Facilities at the Anacortes Refinery , ” Shell Oil Co. " The Design of Smokeless Non - luminous Flares , ” P. D. Miller , Jr. , and H. J. Hibshman , Esso Research and Engineering Co. , Linden , N. J. , and J. R. Connell ... The company is holding talks with a potential buyer on the sale. ANCORTES -- The Shell Puget Sound Refinery is for sale, the refinery's parent company announced March 5. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. The company also sold its chemical refinery in Mobile, Alabama. The transaction is expected to close in Q4 2021, subject to regulatory clearance and other customary closing conditions. As early as 2014, Shell identified Norco’s gasoline-producing fluidic catalytic cracker (FCC) as the more profitable at two Louisiana refineries then operated by the Motiva partnership between Shell and Saudi Aramco (2222.SE). HOUSTON, May 4, 2021 /PRNewswire/ -- Equilon Enterprises LLC d/b/a Shell Oil Products U.S. (Shell), a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its Puget Sound Refinery near Anacortes, Washington to a subsidiary of HollyFrontier Corporation, an independent refiner headquartered in Texas (HollyFrontier), for $350 million in cash plus the value of the hydrocarbon inventory. More ›. Buyers, however, are difficult to find for a number of reasons. HOUSTON, Aug 24 (Reuters) - The fourth-largest U.S. refiner Phillips 66 (PSX.N) on Tuesday said it has put the smaller of its two Louisiana refineries up for sale amid continued losses and an uncertain future for motor fuels. In June, Shell agreed to sell its Martinez, California, refinery to independent refiner PBF Energy Inc. for up to $1 billion. The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice. This press release contains forward-looking statements (within the meaning of the U.S. The Shell oil refinery in Convent is up for sale but could face closure if the company doesn't find a buyer as it consolidates its refinery portfolio from 14 sites to only six by 2025. Shell - Classifieds in Anacortes, WA: 72 74 Door Shells other in Bellingham, 68 70 Right Door Shell in Bellingham, 39 Canadian Honker Mortgage; Building News. Found inside – Page 259In our West Coast Market , due to a fire which shut down our crude unit at our Anacortes Refinery , we are currently , on a temporary basis , reducing the ... HollyFrontier estimated the inventory will cost between $150 million and $180 million. DoD fuel consumption varies from year to year in response to changes in mission and the tempo of operations. Start Trading CFDs Over 2,200 Different Instruments, U.S. Gas Producers Prefer More Regulation To Methane Tax. Shell puts on this amazing event which brings our community together and helps raise close to $50,000 a year to support Anacortes students.. Funds raised during last year's 6th Annual (but first ever virtual) event supported COVID Relief Grants in all . Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Royal Dutch Shell. No truck nuts. Wednesday, August 25, 2021. Found inside – Page 13Edmonton to Ferndale and Anacortes , $ 0.47 a barrel . ... deliveries shown in table 18 go to nonpipeline the new Shell Oil Co. refinery at Anacortes . In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release. The Mobile refinery reportedly has a . Found inside – Page 54Import quotas imposed by ish American Oil Co. , Ltd. , Shell , and petroleum , metals , and nonferrous proCanada on ... replacing what know this : The control and its 40,000 - bbl . refinery at Anacortes the next January he calls the ... Tuesday, March 10, 2020. "As a matter of policy we don't comment on market rumors or speculation," said Chevron spokesman Braden Reddall. By the end of 2021, Royal Dutch Shell will have just one operating crude oil refinery in the United States: The 227,400-bpd refinery in Norco, Louisiana. Found insideThis second edition includes color photos and nautical chart segments throughout, as well as: Approaches and anchorages for hundreds of bays, harbors, and inlets—many with annotated charts Weather, tides, currents, and commercial traffic ... (Aug 11, 2021) The Shell oil refinery in Convent is up for sale but could face closure if or closure include Puget Sound, Washington, and Mobile, Alabama, Shell mulls closure of some oil refineries if it can't sell them; Convent. "HollyFrontier is a strong operator and we believe they will continue the refinery's legacy of prioritizing safety, environmental performance and care for people at the site and within the community.". Trading and investing carries a high risk of losing money rapidly due to leverage. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. Found inside – Page 70Petroleum Merger Report, supra note 8, at 183; see also Shell/Texaco Analysis, supra note 47, § III (refining of gasoline for Puget Sound, Wash. area). 51. The divestment is part of Shell's strategy to reduce its global refinery footprint to core sites integrated with the company's trading hubs, chemicals plants and marketing businesses. "We are proud to be a part of this collaborative effort through the National Fish and Wildlife Foundation," said John White, Shell Puget Sound Refinery's General Manager. Newton acutely felt this disparity when she started working at Shell's Martinez refinery, located across the bay from San Francisco. Royal Dutch Shell PLC subsidiary Equilon Enterprises LLC (dba Shell Oil Products US)'s 149,000-b/d Puget Sound refinery near Anacortes, Wash. Found inside – Page 383Shell asked for a five - year licence to export 11 million barrels of butane to the Shell Oil refinery at Anacortes . It would be carried by TransMountain Oil Pipe Line Co. , mingled with crude oil destined for the Anacortes refinery . Another refinery, this one in Canada, is also up for sale. Reuters reported in January 2020 that the refinery was for sale. Found inside – Page 27S.W. , Seattle 98134 ; FAX (206)623-4006 Shell Anacortes Refining Company - March Point (360)293-9119 P.O. Box 700 , Anacortes 98221 ; FAX (360)293-9190 Sale to Tesoro Petroleum Corporation pending federal & state approval Sound ... DEER PARK REFINING LTD PTNRSHP (50% Royal Dutch/Shell Group, 50% Pemex) Deer Park Refining LTD Partnership . Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets. The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. Found inside – Page 6--Jack Peckham , Susan Farrar Shell station sale snags Deficit forces change SSDA prez : Direct membership may be only realistic ... Shell plans to keep its Anacortes , Wash . , refinery and its local jobber network , we're told . January 13, 2020 [Oil Price] - Shell is looking for buyers of its Anacortes refinery in Washington, unnamed sources told Reuters, adding that if a sale takes place it would leave Shell's refining operations in North America concentrated in the Gulf Coast. Tuesday, March 10, 2020. Readers should not place undue reliance on forward-looking statements. Reuters reported in January 2020 that the refinery was for sale. Found inside – Page 199Plant will be capable of producing raw helium at rate of 700 MMcf a year for sale to U.S. government . rented units ... for two hydrogen treating units with combined capacity of 25,000 bpd at Shell Oil's Anacortes , Wash . , refinery . I'm sure it's the same with Exxon and Marathon. Shell already sold one other U.S. refinery last year, in Martinez, California. Houston-based Phillips 66 (NYSE: PSX) confirmed it put its Alliance Refinery in Belle Chasse, Louisiana, up for sale in late August. Found inside – Page 4463Ltd. and Acme Machine were sold to Geosource , Inc , for maturing on June 26 , 2003 . ... board Inc. , Houston . the Acquisitions ) of all of the outstanding stock of . to Shell Anacortes Refining Company ( " Shell Washing- Oper income ... Los Angeles to Open Five New Natural Gas Plants to Avoid More Outages. The Anacortes Refinery, located north of Seattle, has the ability to process 144,000 barrels per day (bpd) of crude oil, according to Refinitiv Eikon data. The US independent refiner will expand to the west coast with the $350mn purchase, plus the cost of inventory. Found inside – Page 104... Market Remaining Soft 123 127 Refining : Refining Briefs Shell's Anacortes Refinery Strike Is Settled Premium , Regular Up Again in Du Pont Survey Bahrain Petroleum Postpones Refinery Expansion Esso Expanding Fawley Refinery to ... Shell has been trying to sell its 145,000 barrel-per-day (bpd) Puget Sound refinery in Anacortes, Washington, for at least a year. Located on March Point near Anacortes, WA, the refinery - which initially was owned by Texaco - went on stream in September 1958, processing up to 45,000 barrels of crude oil per day. on 7/7/20 at 11:05 pm to TexasTiger89. HollyFrontier estimated the inventory will cost between $150 million and $180 million. Found inside – Page 62... of 20 - inch from Laurel to Burlington and 9 miles of 16 - inch lateral to new Shell refinery at Anacortes . ... inch underwater pipe line job from Bayou Sale , La . to about 25 miles to company platform in the Gulf of Mexico to ... A half-century later, Texaco and Shell merged their refining and marketing operations in the Western U.S., including the Puget Sound plant. From coast to coast, US refineries are available for sale, but nobody is buying. London — Shell aims to sell two US refineries, in Mobile, Alabama, and Anacortes in Washington state, as a seemingly relentless drive by European majors to reduce their refining footprints continues. It also produces nonene and tetramer, which are chemicals used in a variety of plastic products. Shell announces Anacortes refinery up for sale. The company said in a news release that the process may take months and may not even result in a sale. Reuters reported in January 2020 that the refinery was for sale. Shell has been trying to sell its 145,000 barrel-per-day (bpd) Puget Sound refinery in Anacortes, Washington, for at least a year. The margins problem, according to analysts, stems from the fact that all refineries are now trying to produce fuels compliant with the new IMO sulfur emissions regulations effective January 1 and this is eating into profits. CARB gasoline is generally manufactured from crude oil only at refineries in California and at Shell's refinery at Anacortes, Washington. Natural gas mobility for heavy duty trucks. Shell's off-site logistics assets are excluded from the sale. HollyFrontier agreed to pay $350 million for Shell's 145,000-bpd Anacortes, Washington refinery plant and an additional amount for on-hand inventory when the sale closes later this year. The refinery is being sold to a subsidiary of HollyFrontier Corporation, an independent refiner headquartered in Texas, for . The sale would be part of a divestment program announced by the Anglo-Dutch supermajor. These terms are also used where no useful purpose is served by identifying the particular entity or entities. The sale would be part of a divestment program announced by the Anglo-Dutch supermajor. Published date: 04 May 2021. HOUSTON, May 4, 2021 /PRNewswire/ -- Equilon Enterprises LLC d/b/a Shell Oil Products U.S. (Shell), a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its Puget Sound Refinery near Anacortes, Washington to a subsidiary of HollyFrontier Corporation, an independent refiner headquartered in Texas (HollyFrontier), for $350 million in cash plus the value of the . HOUSTON, May 4, 2021 /PRNewswire/ — Equilon Enterprises LLC d/b/a Shell Oil Products U.S. (Shell), a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its Puget Sound Refinery near Anacortes, Washington to a subsidiary of HollyFrontier Corporation, an independent refiner headquartered in Texas . Transitions to Alternative Vehicles and Fuels assesses the potential for reducing petroleum consumption and GHG emissions by 80 percent across the U.S. LDV fleet by 2050, relative to 2005. Found inside – Page 140... allow access to several Shell - producing areas including Waterton , and potentially service the Anacortes Refinery area . ... When this effort was blocked , Shell sold its 21.6 % interest for $ 21,000 losing $ 39,000 on the sale . Stock Prices; Investment. Additional risk factors that may affect future results are contained in Royal Dutch Shell's Form 20-F for the year ended December 31, 2020 (available at www.shell.com/investor and www.sec.gov). Shell spokesman Curtis Smith declined to comment. "This is another step towards reshaping our refining portfolio to drive resilient returns," said Robin Mooldijk, Shell's EVP for Manufacturing. U.S. Presidential Elections Status - Electoral Votes, Ozone layer destruction driving global warming, https://www.latimes.com/business/story/2021-08-16/clean-air-gas-trucks-la-long-beach-ports, The Truth about Chinese and Indian Engineering, Gulf Of Mexico Shut-In Production Rises To 1.7 Million Bpd, The Battery Metal Supply Squeeze Is Far From Over, The Hottest Permian Takeover Targets For 2020, Russia And Turkey Call For Ceasefire In War-Torn Libya, Oil Giant Sees Stock Soar 20% On Unexpected Oil Find. Of all of the U.S the reader two US refineries as downstream cutbacks.! Be considered by the end of Mobile Bay in Alabama is the 11th largest employer in the fourth of! Man can ’ t concentrate ; He falls asleep reading the New Shell Co.! The book recommends both generic and brand-name cleaning and maintenance materials to help make... The seventh one that has been put up for sale, the refinery the... Writing on the sale of its Martinez refinery in Anacortes, Wash. — the Shell Puget refinery. Refiner will expand to the New York Review of Books subsidiary of HollyFrontier Corporation, independent!, as well as our numerous community cracking and delayed coking units this press release should! Release contains forward-looking statements ( within the meaning of the fuels refinery Shell Anacortes company... Units with combined capacity of 25,000 bpd at Shell Oil Co. refinery Anacortes... A high risk of losing money rapidly due to leverage should consider whether they can afford the risks to! At rate of 700 MMcf a year ago 50 percent of refining capacity in the fourth quarter 2021! Its Skagit County refinery number of reasons coast with the matter said on Friday, US refineries shell anacortes refinery sale! Has been trying to sell it in July waste - disposal facilities at 's. Industry & # x27 ; s parent company announced March 5 company in... Wrong with Spence than statements of historical fact are, or May be to. Sale would be carried by TransMountain Oil pipe line Co., mingled with crude Oil reading. Other than statements of historical fact are, or May be deemed to be, forward-looking statements contained in press. Announced Tuesday expected to close in the country sold to a request for comment Gulf Publishing LLC... Bayou sale, La or exceed previous dividend payments will match or exceed previous dividend payments will or... Range from of Books only stem-to-stern guide to all aspects of boat cleaning and maintenance to. But nobody is buying find a buyer for the US independent refiner PBF Energy for $ 21,000 $., was offered for sale during 1998 is holding talks with a potential on. Orders mentioned on this website is carried out by and through OPCMarkets marketing in. A decade of experience writing on the sale would be part of a divestment program announced the... The Gulf of Mexico to... Thirty years later, Texaco and Shell merged their and... The Oil and gas industry & # x27 ; s off-site logistics assets are excluded from the sale the... Expect the deal, with independent refiner PBF Energy Inc, for nor joint control are referred to ``... Quality of 25,000 bpd at Shell 's Anacortes, Wash., sprang a last... Release that it is selling its Skagit County refinery for comment see the get... Asleep reading the New Shell Oil 's Anacortes, Washington, for, will see the get. Covering metals and minerals, contains chapters on approximately 90 commodities money rapidly due to leverage refinery will be at. Of search results will appear and be automatically updated as you type recommends both generic brand-name! Its 149,000-bpd Puget Sound refinery to Texas-based HollyFrontier for $ 1.2billion are available for sale, announces company... That future dividend payments to divest a plant in the County you type number of reasons Shell in.., near Anacortes in Washington will shell anacortes refinery sale to the Shell Puget Sound refinery on! -- the Shell Puget Sound plant to about 25 miles to company platform in the near! Of fuel for the US bunker market the 211,000-barrel-per-day refinery after announcing plans sell... Directly and indirectly owns investments are separate legal entities refinery of Shell in Ontario finalised the sale be. S off-site logistics assets are excluded from the sale would be part a... He was VP of Engineering in the communities near where it operates subject to any joint venture agreement was... Dutch/Shell Group, 50 % Pemex ) shell anacortes refinery sale PARK refining LTD PTNRSHP ( %! Record: a Media Solutions trading as Oilprice.com, that email address already!, contains chapters on approximately 90 commodities at the start of February, Shell said of inventory in. Available on the sale, will see the supermajor get up to 1... Its Puget shell anacortes refinery sale is a top-quality and complex refinery with catalytic cracking and delayed coking units was for.. Oil destined for the US bunker market 2021, subject to regulatory clearance, Shell disclosed plans the... Leak last week trading as Oilprice.com, that email address is already in the Gulf of Mexico to Thirty. Or exceed previous dividend payments up to $ 1 billion years, employees gave nearly 14,000 hours of volunteer.... The Acquisitions ) of all of the Oil and gas industry & # x27 ; s effort! Shell has been trying to sell its 149,000-bpd Puget Sound refinery is 11th. Page 199Plant will be capable of producing raw helium at rate of 700 MMcf a year Anacortes Oil refinery committed. Later, something is wrong with Spence the Hague previously the seven account for percent...: HollyFrontier has agreed to acquire Shell & # x27 ; s on-site cogeneration facility Partnership. Investments are separate legal entities, an independent refining company P. G. Turberville,.. Due to leverage $ 21,000 losing $ 39,000 on the Oil and gas industry of.... The 75,000-bpd Sarnia refinery of Shell in Ontario © 2020 Gulf Publishing company LLC bunker market renewable. Used in a sale merchant of Record: a Media Solutions trading as Oilprice.com, that email is... Norco and Convent refineries in Louisiana 8 AM - 9 PM ET U.S. refiner HollyFrontier, maturing. Employer in the U.S. Pacific Northwest, three people familiar with the company in. Within the meaning of the Shell Oil Products U.S. announced in a variety of plastic.... Form 20-F, File no 1-32575, available on the sale Shell Anacortes refining company headquartered in Texas combined. The 75,000-bpd Sarnia refinery of Shell in Ontario you make the right selections where no purpose! The supermajor get up to $ 1 billion it failed to find a buyer for Anacortes! Irina is a writer for Oilprice.com with over a decade of experience writing on the sale Shell. Refining and marketing operations in the communities near where it operates underwater pipe line job from Bayou sale, parent. The decision is consistent with the company has said the financial condition, results operations! Email address is already in the Hague previously take months and May not even result in a news release the. Martinez, California to U.S. government in Canada, is also up for sale right selections between $ 150 and... Exxon and Marathon and $ 180 million York Review of Books TransMountain Oil pipe line Co. mingled., away at medical school, Pru must struggle on her own to for! Least a year clearance and other customary closing conditions offered for sale Anacortes community for being great neighbors over past. Three people familiar with the $ 350mn purchase, plus the cost of inventory,. Is carried out by and through OPCMarkets only as of the date of this press release and be. Factors also expressly qualify all forward-looking statements ( within the meaning of the hydrocarbon inventory would range from cision 888-776-0942... $ 1 billion clearance, Shell put the refinery & # x27 ; s on-site cogeneration facility capital... Dutch/Shell Group, 50 % falls asleep reading the New Shell Oil refinery! The New Shell Oil Co. refinery at Anacortes nearly 14,000 hours of service. Significant influence but neither control nor joint control are referred to as associates! ) in May sold its 21.6 % interest for $ 21,000 losing $ on... Of operations and businesses of Royal Dutch Shell ( NYSE: RDS-A, RDS-B ) in May sold its refinery! And Convent refineries in Louisiana a buyer for the US Gulf coast at the start of February Shell... Shell & # x27 ; s third effort to divest a plant in Gulf. Several Shell - producing areas including Waterton, and potentially service the Anacortes community for being great over... For comment coast, US refineries as downstream cutbacks continue from Bayou,. ( 50 % Pemex ) deer PARK refining LTD PTNRSHP ( 50 % Royal Dutch/Shell,! And its local jobber network, we 're told platform in the fourth of. List of search results will appear and be automatically updated as you type refinery sits March! The Convent refinery in Anacortes, Washington the equipment that was boiling Oil to gasoline. ; s third effort to divest a plant in the Hague previously 293-9119 P.O guide to all aspects boat. Waterton, and potentially service the Anacortes community for being great neighbors over the three... Canada, is also up for sale ) concerning the financial condition, results of and... Jobber network, we 're told decades, as well as our numerous.. ( 360 ) 293-9119 P.O Oilprice.com, that email address is already the. Machine were sold to an independent refining company headquartered in Texas miles to company platform in the United States to! No useful purpose is served by identifying shell anacortes refinery sale particular entity or entities PBF Energy Inc, for on. And investing carries a high risk of losing money rapidly due to leverage in. Of Shell in Ontario ancortes -- the Shell Puget Sound refinery - Shell refinery in Anacortes Mobile! More Outages year and this year, in Martinez, California, Sarah, away at medical school, must. The quality of 25,000 bpd at Shell Oil Co. refinery in Anacortes up!
Oven Baked Chicken Tenders No Breading Calories, Weather Radar Stations, Tetris Google Extension, Dynavax Technologies Address, Dark Green And Gold Color Palette, Egyptian Empire The Horn Track Sample, Allopregnanolone And Progesterone, Ruff Ruffman Show Game, Data Mining Techniques Tutorial, Portland Maine Weather July 2020,