Valero Energy Partners Announces Acquisition of McKee Terminals for $240 Million
Valero Energy Partners announced that the acquisition of the McKee Terminal Services Business from a subsidiary of Valero Energy Corporation for total consideration of $240 million.
- Valero PR
- March 23, 2016
Reuters/Mike Blake
Tesoro, Par Hawaii settle with U.S. over air quality violations
Tesoro and Par Hawaii Refining reached a $425 million settlement with the United States to resolve air quality violations at six refineries in Western states. The accord requires the companies to invest $403 million in new equipment to better control air emissions at operations in Alaska, Northern California, North Dakota, Utah, Hawaii and Washington.
- Reuters - Valerie Volcovici and Sarah N. Lynch
- July 18, 2016
Casper Star Tribune
Par Pacific Holdings to Acquire Wyoming Refining and Related Logistics Assets
Par Pacific Holdings, Inc. announced today that it has entered into an agreement to acquire the Wyoming Refining Company for approximately $271.4 million, including the assumption of $58 million of indebtedness. Wyoming Refining owns and operates the 18,000 barrels per day (bpd) in Newcastle, Wyoming.
- PRNewswire
- June 14, 2016
Billings County okays Meridian Energy Group’s Davis Refinery
Meridian Energy Group Inc. has received zoning and permit approval from the Billings County Commission for its proposed 55,000 barrel per day Davis Refinery near Fryburg, North Dakota. Following a public hearing before the Billings County Planning and Zoning Board earlier this month, the California company received unanimous approval from the commission for a zoning certificate and a conditional use permit for the facility.
- Meridian Energy Group PR
- July 15, 2016
Chevron Approves Next Major Tengiz Expansion Project in Kazakhstan
Chevron to expand the Tengiz Project. The project will raise TCO’s total production to approximately 1 million barrels of oil equivalent per day. WPMP maximizes the value of existing TCO facilities by extending the production plateau and keeping existing plants producing at full capacity.
- Chevron PR
- July 5, 2015
PBF Energy buys Torrance refinery
PBF Energy Inc (PBF.N) agreed to buy Exxon Mobil Corp's (XOM.N) refinery in Torrance, California, for $537.5 million, completing Executive Chairman Tom O'Malley's vision to have PBF plants coast to coast. PBF has expanded its capacity by about 60 percent and will be able to process 900,000 barrels of crude a day after it closes on the 155,000 bpd Torrance refinery.
- Reuters
- September 30, 2015
Valero Starting New Crude Unit at Corpus Christi Refinery
Valero Energy Corp is starting up a new crude unit at the Corpus Christi Refinery. The $350 million, 70,000 barrels-per-day unit at the company's 205,000 bpd Corpus Christi refinery will enable the refinery to run lighter crudes.
- Reuters - Kristen Hays
- December 14, 2015
NOVATEK makes first LNG shipment from Trinidad & Tobago
OAO NOVATEK (“NOVATEK”) announced today that Novatek Gas & Power, a wholly owned trading subsidiary of NOVATEK, has supplied its first LNG cargo sourced from the Trinidad & Tobago LNG plant, to Chile, port Quintero.
- NOVATEK PR
- July 7, 2016
Devon Energy announced it will sell its 50 percent ownership in Access Pipeline to Wolf Midstream
Devon Energy announced that it has entered into an agreement to sell its 50 percent ownership interest in Access Pipeline to Wolf Midstream Inc., a portfolio company of Canada Pension Plan Investment Board, for CAD $1.4 billion.
- Devon Energy
- July 14, 2016
Southern Company, Kinder Morgan Enter Southern Natural Gas Pipeline Strategic Venture
Southern Company and Kinder Morgan announced a natural gas pipeline venture through Southern Company’s acquisition of a 50 percent equity interest in the Southern Natural Gas (SNG) pipeline system. Kinder Morgan will continue to operate the system.
- Southern Company PR
- July 10, 2016
CONFERENCES
MUST READS
The First Time Manager
- Loren Belker and Jim McCormick
High Output Management
- Andrew Grove
A Guide to Project Management Body of Knowledge
- Project Management Institute
Downstream Report is the single source for news for busy downstream professionals. Find all the industry news you are looking for in one place.
Useful Links
Latest Tweets
@downstreamreport DownstreamReport is a single source of information for busy downstream professionals in the engineering, refining & petrochemical business.
Contact Us
Website: downstreamreport.com
Email: Editor
Email: Advertising