Our website uses cookies to ensure that we give you the best experience on our website. Shell scraps sale of Danish refining unit. In recent years, the SELA region has been experiencing major changes in its crude oil sourcing options and crude oil flows with the additions of pipelines such as Zydeco, PELA (Permian Longview and Louisiana Extension), Bayou Bridge, and the pending Capline pipeline reversal (see map and Louisiana Rain). That would set the pre-pandemic price for refining assets at about $6,000 a barrel. All e-mails from the system will be sent to this address. The company also retained advisers about a year ago to sell its 75,000-bpd Sarnia, Ontario, refinery. In September, Shell said it would retain six facilities that have both an oil refinery and chemical operations, including Norco in Louisiana and Deer Park in Texas, Rheinland in Germany, Pernis in the Netherlands, Pulau Bukom in Singapore and Scotford in Canada. Refined Product Exports, the sale of its Martinez, CA, refinery to PBF Energy, I Need a Barrel- Two More New Crude Oil Pipelines from Hubs to Refineries, Louisiana Rain, Part 3- Evolving Crude Availability for Southeast Louisiana Refiners, I Got Storage (I Feel Good) – The St. James Crude Hub Continues to Develop, Louisiana Rain, Part 2- Pipe Expansions, Reversals Remaking the St. James Crude Hub, Runnin' Down a Dream, Part 3- Mexico's Plan to Revive their Crude Oil Refining Sector, Turn, Turn, Turn – New Patterns of Gulf Coast Crude Oil Flows, Complex Refining 101 Part 2- Upgrading- No Test and No Math Guaranteed, Let's Stay Together, Part 2- Pemex and Shell Renew Their Deer Park Vows, With a Twist. Two Shell Oil Products refineries for sale in US Shell Oil Products, a subsidiary of Shell, is marketing its refineries in Mobile, Alabama and Puget Sound near Anacortes, Washington. Last month, Equilon Enterprises concluded the $1.2bn divestment of the Martinez Refinery in California to PBF Energy subsidiary PBF Holding on behalf of Shell Oil Products US. Dec 21, 2020. Jan 2nd, 2018. European Oil Refineries Sold And Up For Sale 26.07.2010 - Many European oil and chemical firms have been looking to sell domestic refineries since last year as demand for fuels and petrochemical products has fallen more sharply in Europe than in most other parts of the world, hitting profit margins. Today’s announcement follows a formal offer Essar made for Stanlow in mid-February. After a prolonged period of negotiation, Stanlow was sold by Shell to Essar Energy for approximately $1.3 billion (£814 million) in 2011. The e-mail address is not made public and will only be used if you wish to receive a new password or wish to receive certain news or notifications by e-mail. Leading energy companies announce transition principles. Royal Dutch Shell put its Geelong oil refinery in Australia up for sale as mounting competition from Asia and reduced margins hammer the country's crude processors. PRIOS has extensive expertise in the global oil refinery business, with focus in decommissioning, sales and relocation of oil refinery plants. Equilon Enterprises LLC d/b/a Shell Oil Products US (Shell), a subsidiary of Royal Dutch Shell plc announced it has reached an agreement for the sale of Shell’s Martinez Refinery in California to PBF Holding Company LLC, a subsidiary of PBF Energy, Inc., for $1.0 billion consideration plus the value of hydrocarbon inventory, crude oil supply and product offtake agreements, and other adjustments. Refineries For Sale But Not Finding Willing Buyers. Shell also said it would put at least five out of its 15 refineries up for sale. The refinery is the 11th largest employer in the county, with about 500 employees, according to the most recent employer report from Western Washington University’s Center for Economic and Business Research. Shell has been dumping refineries all over the place for the past few years. Today, we review the refinery’s characteristics and how it stacks up against its nearby rivals. In December 2016, we completed the sale of our 51% shareholding in SRC in Malaysia, which includes the Port Dickson Refinery, to Malaysia Hengyuan International Ltd. It also produces various chemicals, such as nonene and tetramer, used in plastic products. What's strange with how this will all play out is that when that refinery was under the Motiva name, they spend a shitload of money running three piplelines to Norco with the intent of shutting down … Inside Energy. Shell Puts Two US Refineries up for Sale. Over the same interval its oil product sales increased from 6.46 million b/d to 6.78 million b/d. Shell Convent Refinery was put up for sale in July but did not land a viable buyer, the statement notes. Shell sees the six sites as operating as what it called energy and chemicals parks. In 2017, Shell signed binding definitive agreements with SRI for the separation of assets, liabilities and businesses of Motiva. But Shell’s announcement also raises a question, namely, how does the prospective sale compare with the company’s stated intent to focus on a smaller set of refineries integrated with Shell’s key trading hubs and petrochemicals operations? Learn about new events and offers to keep you at the forefront of industry news and opportunities. It produces LPG, diesel fuel, jet fuel and gasoline. In 2010 Shell held stakes in more than 30 refineries globally and had a refining throughput of 3.20 million b/d of crude and other feedstock, but by 2018 it had stakes in 21 refineries and throughput of 2.65 million b/d. Shell is placing its Sarnia Manufacturing Centre on the market, saying it's "no longer a natural fit" with the company's "evolving portfolio." The company completed a sale of its Martinez refinery in the San Francisco Bay area to PBF Energy earlier this year. We are mandated to promote, sell and relocate oil refinery plants on behalf of refinery companies, which are listed below. Recent attempts to sell refineries or find new partners to share the risk have not gone well, and so for many there is no other option than to shut down permanently. Full access to the RBN Energy blog archive which includes any posting more than 5 days old is available only to RBN Backstage Pass™ subscribers. Ein Feuer in einem Ofen der Shell-Raffinerie in Wesseling hat eine riesige Rauchwolke verursacht. Royal Dutch Shell Plc and BP Plc, Europe’s largest oil companies, plan to close and sell refineries in the U.S. and Germany on declining demand for fuels such as gasoline in developed nations. In February, Shell sold its 156,400 bpd Martinez, California, refinery and logistics assets to PBF Energy for $960 million plus the price for oil and refined products on hand. The Mobile refinery reportedly has a processing capacity of approximately 90,000 barrels per day (bpd) of crude oil. Shell is trying to sell operations in Puget Sound in Washington and Saraland, Alabama. Replies (4) Options Top. The move is in line with the company's plans to reshape its global refining portfolio. Out of the seven refineries for sale, Shell owns four of them in their entirety (530 thousand b/d), whereas the other three are joint ventures. Shell has been dumping refineries all over the place for the past few years. Over the last three years, all crude oil supplies have been delivered to the refinery via an 18-inch-diameter pipeline from St. James operated by Zydeco, which is owned by Shell and Shell Midstream Partners. PBF operates several oil refineries and related facilities throughout the country, including one of its most recent purchases, a refinery in Torrance (Los Angeles County). If you continue to use this site we will assume that you are happy with it. I Got Storage (I Feel Good) – Storage Operators at the St. James Crude Hub. In 2010 Shell held stakes in more than 30 refineries globally and had a refining throughput of 3.20 million b/d of crude and other feedstock, but by 2018 it had stakes in 21 refineries and throughput of 2.65 million b/d. The two refineries are being sold by Equilon Enterprises d/b/a Shell Oil Products U.S. (Shell), a subsidiary of Royal Dutch Shell. Equilon Enterprises, doing business as Shell Oil Products US, will proceed with the sale of two of its refineries ‘Mobile’ and ‘Puget Sound’. With its position along the Mississippi River, Convent also has access to international waters. Shell Norco is for sale or Motiva Convent? GIW’s ZW vertical pumps are suited for pumping highly abrasive slurry, as well as applications such as dewatering, floor clean-up and process transfer. Shell aims to reduce its refining portfolio further, to around 10 facilities capable of enduring downturns in refining cycles, chief executive Ben van Beurden said today. The Puget Sound refinery sits on March Point, near Anacortes in Washington. Equilon Enterprises LLC d/b/a Shell Oil Products US (Shell), a subsidiary of Royal Dutch Shell plc announced today that it has formally closed on the sale of Shell’s Martinez Refinery in California to PBF Holding Company LLC (PBF), a subsidiary of PBF Energy, Inc., in exchange for $1.2 billion which includes the refinery and inventory. Originally built in 1952 by Canadian Oil Companies Limited, the refinery became part of Shell’s operations in 1963 when Shell purchased Canadian Oil. Hover over the logos to learn more about the companies who made this project possible. Over 20,000 businesses, properties, franchises, and investments for sale in 50 countries. Green Grow the (Refineries) - Low-Carbon Programs Spur More Renewable Diesel, Too Soon to Know - E&Ps Slash Capex, Offer Sparse Production Guidance. Over the same interval its oil product sales … “Both refineries have done an excellent job over the last number of years and have made several notable achievements in safety, reliability and performance.”. The refineries that have been put up for sale include Mobile, Alabama, and Puget Sound near Anacortes, Washington. Cruel Summer? re: Shell selling Convent refinery Posted by notiger1997 on 7/7/20 at 10:45 am to wileyjones. Royal Dutch Shell PLC has terminated the proposed $80-million sale of its Danish subsidiary AS Dansk Shell to Dansk Olieselskab APS. Petrobras on refinery sales édité le 11/12/2020 - Plus de news de " PETROBRAS " - Voir la fiche entreprise de " PETROBRAS " Petrobras , following up on the press release disclosed on July 9, 2020, informs that it has concluded the negotiation phase with the Mubadala Group as part of the process for divesting the Landulpho Alves Refinery (RLAM), in Bahia. Check this box if you do not want to receive RBN morning emails, Save It for a Rainy Day - Energy Storage's Emerging Challenge to Natural Gas in the Power Sector, He Ain't Heavy, He's My (Diluent) Part 3 - The Pipelines that Transport Diluent to the Oil Sands, Smoky and The Salt Caverns - A Saga of NGL Storage: RBN's Greatest Hits. Pneumofore is a manufacturer and a global supplier of high-quality... Pneumofore is a manufacturer and a global supplier of high-quality compressors and vacuum solutions for an extensive range of industrial applications worldwide. Two Shell Oil Products refineries for sale in US Shell Oil Products, a subsidiary of Shell, is marketing its refineries in Mobile, Alabama and Puget Sound near Anacortes, Washington. Each Pneumofore solution includes bespoke system engineering by the company’s dedicated and highly experienced technical personnel. Equilon Enterprises LLC d/b/a Shell Oil Products US (Shell), a subsidiary of Royal Dutch Shell plc announced it has reached an agreement for the sale of Shell’s Martinez Refinery in California to PBF Holding Company LLC, a subsidiary of PBF Energy, Inc., for $1.0 billion consideration plus the value of hydrocarbon inventory, crude oil supply and product offtake agreements, and other adjustments. The Puget Sound refinery sits on March Point, near Anacortes in Washington. The Netherlands-based Royal Dutch Shell PLC (NYSE: RDS.A, RDS.B), whose U.S. headquarters is in Houston, is planning to lay off nearly 700 employees as it closes one of its refineries… The company said: “the decision is consistent with previously disclosed plans to reshape the refining portfolio globally to leverage Shell’s natural strengths and integration opportunities.” The company completed a sale of its Martinez refinery in the San Francisco Bay area to PBF Energy earlier this year. Equilon Enterprises, doing business as Shell Oil Products US, will proceed with the sale of two of its refineries ‘Mobile’ and ‘Puget Sound’. Reuters is reporting that Chevron has put their Burnaby Refinery up for sale. Royal Dutch Shell has announced the sale of its two refineries in the US, as it continues to reshape its global refining portfolio. Shell says it employs more than 700 people at the site. Reuters is reporting that Chevron has put their Burnaby Refinery up for sale. Shell's Sarnia Manufacturing Centre (SMC), also referred to as Shell's Corunna Refinery, is located about 10 kilometres south of Sarnia, Ontario. The refineries will become integrated with chemicals and increasingly with low-carbon fuels such as biofuels, hydrogen and synthetic fuels, said Ben van Beurden, CEO. The refinery is located in BC's Lower Mainland and is the only refinery operating in the Vancouver area. - How Crude Price Differentials Affect Producers, Just What I Needed - Permian Oil Shut-Ins End At $40/bbl, But a Production Decline Looms, I Knew You Were Trouble - Rulings on KXL Permit Cloud Other Oil and Gas Pipeline Projects, Gimme Some Truth - Permian Well Shut-ins Wind Down, But Natural Declines Extend Oil, Gas Downturn, Stayin' Alive - Oxy's Prospects Hinge on Oil Prices, Cash Flow as Debt Repayment Looms, Dream On - The Challenges Posed by Shutting Down the Dakota Access Crude Pipeline, Hold on to Your Hat - A Fight is Brewing for Canada’s Propane Exports, When the Ship Comes In - First Tanker Set to Arrive at South Texas Gateway Crude Export Terminal, Soak Up The Sun - Texas Solar Ramps Up at Expense of Coal, Not Natural Gas, Time to Move On - Shell's Plan to Sell Another Refinery, This Time in Louisiana's Refinery Row, The Long and Winding Road - A Propane Molecule's Journey to Mont Belvieu and Markets Beyond, We Take Care of Our Own, Part 2 - Pemex's Struggles Bode Well for U.S. Of note, both the Deer Park and Norco refineries are connected to adjacent ethylene crackers and related petrochemical facilities. Shell Manufacturing executive vice-president Robin Mooldijk said: “We are refocusing our global presence in line with that of our customers, trading operations and chemicals plants. The refineries that have been put up for sale include Mobile, Alabama, and Puget Sound near Anacortes, Washington. More specifically, the refinery (green refinery icon in Figure 1) is positioned in the middle of Southeast Louisiana (SELA), which is its own subset of Gulf Coast refiners located along the Mississippi River between Baton Rouge and the Gulf of Mexico. Additionally, the refinery’s location just upriver from the St. James, LA, storage and distribution hub provides a high degree of flexibility and optionality for both foreign and domestic oil supplies via pipeline. The company said: “the decision is consistent with previously disclosed plans to reshape the refining portfolio globally to leverage Shell’s natural strengths and integration opportunities.” Refineries For Sale But Not Finding Willing Buyers With refineries running close or below turndown levels, it isn’t surprising that some companies have decided to close some refineries altogether. "We look forward to welcoming Martinez's employees to the PBF family and continuing Shell's dedicated community partnerships," said Nimbley. According to Shell, the sale of these refineries forms part of the company’s previously disclosed plans to reorganise its global refining portfolio. Spaces are allowed; punctuation is not allowed except for periods, hyphens, apostrophes, and underscores. So hat Royal Dutch Shell nun "schweren Herzens" beschlossen, die Raffinerie in Convent zu schließen. This provides significant crude oil and feedstock sourcing flexibility, as well as outlets to refined product export markets. If all of these facilities were to sell, Shell will be left with only two U.S. refineries: the Deer Park refinery in the Houston area, which is operated as a JV with Petróleos Mexicanos (Pemex), and the Norco refinery in Louisiana, whose operations are integrated to some degree with the Convent facility. ANCORTES -- The Shell Puget Sound Refinery is for sale, the refinery’s parent company announced March 5. Equilon Enterprises LLC d/b/a Shell Oil Products US (Shell), a subsidiary of Royal Dutch Shell plc announced today that it has formally closed on the sale of Shell’s Martinez Refinery in California to PBF Holding Company LLC (PBF), a subsidiary of PBF Energy, Inc., in exchange for $1.2 billion which includes the refinery and inventory. 15,000 bpd Oil refinery Topping Plants . No surprise at all. In addition to blog archive access, RBN Backstage Pass™ resources include Drill-Down Reports, Spotlight Reports, Spotcheck Indicators, Market Fundamentals Webcasts, Get-Togethers and more. Receive the Free RBN Daily Energy Blog via email every morning to stay on top of energy market trends and the mechanics that drive them. Delek-U.S. and Shell Canada restarted talks in the more-than-year-long sale process after Shell gave the Israeli-owned company 48 hours last week to reconsider its decision to walk away from the table in July. With refineries running close or below turndown levels, it isn’t surprising that some companies have decided to close some refineries altogether. ANACORTES — Shell Puget Sound Refinery on March Point is for sale, the refinery’s parent company announced Thursday. It has the potential to operate as a standalone refinery that produces base oils or chemicals feedstock. Shell said that it will use the US Gulf Coast as its key manufacturing hub, alongside Singapore and Rotterdam. The company said in a news release that the process may take months and may not even result in a sale. Earlier this month, Shell announced that it was exploring the sale of yet another refinery — this time, it is the company’s Convent facility in Louisiana, which is one of the two refineries in the state that remain with Shell from the unwinding of its former joint venture with Saudi Aramco. Reply. GIW manufactures reliable and robust slurry pumps, while also delivering... GIW manufactures reliable and robust slurry pumps, while also delivering transport solutions to the oil sands industry. The GIW Minerals TBC is currently the most operated severe duty slurry pump in the Canadian Oil Sands Industry. Shell is a global group of energy and petrochemical companies. We use cookies to ensure that we give you the best experience on our website. Sign up here for GlobalData's free bi-weekly Covid-19 report on the latest information your industry needs to know. If you have already purchased a subscription, be sure you are logged in For additional help or information, contact us at info@rbnenergy.com or 888-613-8874. Shell Oil has agreed to sell its Martinez refinery to PBF Energy, a large independent refining company, for up to $1 billion, the two companies announced Tuesday. On 7/7/20 at 10:45 am to wileyjones called energy and chemicals parks Northeast Gas Market Headed for Ugly! The refineries that have been put up for sale in July but did not a. Lower Mainland and is the only refinery operating in the San Francisco Bay area to PBF energy this! Not allowed except for periods, hyphens, apostrophes, and Puget Sound sits. Follows a formal offer Essar made for Stanlow in mid-February PBF family and continuing Shell 's community... 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