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. Over 20,000 businesses, properties, franchises, and investments for sale in 50 countries. 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The refineries that have been put up for sale include Mobile, Alabama, and Puget Sound near Anacortes, Washington. Shell Oil Products, was discussing a sale of its Martinez property - its only California refinery ... Not all Bay Area refineries have had such a positive community connection. Shell's Sarnia Manufacturing Centre (SMC), also referred to as Shell's Corunna Refinery, is located about 10 kilometres south of Sarnia, Ontario. This will result in a more valuable, integrated downstream business. Convent, with a capacity of 240 Mb/d, is near the middle of the pack in terms of refinery size and possesses some unique characteristics that could make it an attractive option for the right buyer and market conditions. 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. Tuesday, 07/21/2020Published by: Amy Kalt. 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). The refinery is located in BC's Lower Mainland and is the only refinery operating in the Vancouver area. Originally built in 1952 by Canadian Oil Companies Limited, the refinery became part of Shell’s operations in 1963 when Shell purchased Canadian Oil. Welcome to Shell's award-winning digital channel. Browse through Oil Refineries For Sale Worldwide at DealStream. 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. It also produces various chemicals, such as nonene and tetramer, used in plastic products. Equilon Enterprises LLC, doing business as Shell Oil Products US (Shell), a subsidiary of Royal Dutch Shell, has formally closed on the sale of Shell’s Martinez Refinery in California. Shell sees the six sites as operating as what it called energy and chemicals parks. Follow the company to be always up to date with this company. 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. 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. A valid e-mail address. It has the potential to operate as a standalone refinery that produces base oils or chemicals feedstock. - Is the Crude Market Headed for an Ugly Replay of This Spring? * Shell has been in talks with India's Essar Oil ESRO.BO on the sale of the three refineries. Cruel Summer? ANCORTES -- The Shell Puget Sound Refinery is for sale, the refinery’s parent company announced March 5. Learn more about Shell on our global website. Vancouver was once a major refining hub on the West Coast, with Shell, Imperial, Chevron and Petro-Canada each having a presence in the Lower Mainland. 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.” Shell is placing its Sarnia Manufacturing Centre on the market, saying it's "no longer a natural fit" with the company's "evolving portfolio." Shell is trying to sell operations in Puget Sound in Washington and Saraland, Alabama. The Puget Sound refinery sits on March Point, near Anacortes in Washington. So hat Royal Dutch Shell nun "schweren Herzens" beschlossen, die Raffinerie in Convent zu schließen. 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. 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. The refineries that have been put up for sale include Mobile, Alabama, and Puget Sound near Anacortes, Washington. According to Shell, the sale of these refineries forms part of the company’s previously disclosed plans to reorganise its global refining portfolio. Convent is the fourth U.S. refinery that Shell is looking to unload in a little more than a year’s time. The company also retained advisers about a year ago to sell its 75,000-bpd Sarnia, Ontario, refinery. Shell says it employs more than 700 people at the site. Replies (4) Options Top. In June 2019, Shell announced the sale of its Martinez, CA, refinery to PBF Energy, and in March of this year, Shell put its Mobile, AL, and Puget Sound, WA, refineries on the block. 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. Auch in Deutschland wollen wir unseren Beitrag zur Energiewende leisten und mehr klimafreundliche Energielösungen bereitstellen, um die CO2-Emissionen zu senken. Replies (4) 2 19. notiger1997 Metairie Member since May 2009 48573 posts. The company completed a sale of its Martinez refinery in the San Francisco Bay area to PBF Energy earlier this year. However, Shell said that a number of refineries in their portfolio offered over-capacity and consequently Stanlow, their last British refinery, was put up for sale. 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. 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. 15,000 bpd Oil refinery Topping Plants . Equilon Enterprises, doing business as Shell Oil Products US, will proceed with the sale of two of its refineries ‘Mobile’ and ‘Puget Sound’. 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 has been dumping refineries all over the place for the past few years. Shell scraps sale of Danish refining unit. Hover over the logos to learn more about the companies who made this project possible. “Both refineries have done an excellent job over the last number of years and have made several notable achievements in safety, reliability and performance.”. Shell Puts Two US Refineries up for Sale. 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. Shell gehört zu den weltweit größten Energieunternehmen. 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. That would set the pre-pandemic price for refining assets at about $6,000 a barrel. Sign up here for GlobalData's free bi-weekly Covid-19 report on the latest information your industry needs to know. Shell also announced in March that it started marketing the sale of the Mobile refinery in Alabama and the Puget Sound refinery near Anacortes in Washington as part of … Entire Oil Refineries for sale PRIOS has extensive expertise in the global oil refinery business, with focus in decommissioning, sales and relocation of oil refinery plants. 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. You've Got Your Troubles - Is the Northeast Gas Market Headed for a Fall Meltdown? 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. If you continue using our website, we'll assume that you are happy to receive all cookies on this website. In June 2019, Shell announced the sale of its Martinez, CA, refinery to PBF Energy, and in March of this year, Shell put its Mobile, AL, and Puget Sound, WA, refineries on the block. Shell today announced it has signed a sales and purchase agreement for its 270,000 barrel-per-day Stanlow refinery in the United Kingdom and certain associated local marketing businesses with Essar Oil (UK) Limited (Essar) for a total expected consideration of some $1.3 billion. We are mandated to promote, sell and relocate oil refinery plants on behalf of refinery companies, which are listed below. Green Grow the (Refineries) - Low-Carbon Programs Spur More Renewable Diesel, Too Soon to Know - E&Ps Slash Capex, Offer Sparse Production Guidance. After a prolonged period of negotiation, Stanlow was sold by Shell to Essar Energy for approximately $1.3 billion (£814 million) in 2011. Dec 21, 2020. Inside Energy. Shell Convent Refinery was put up for sale in July but did not land a viable buyer, the statement notes. Royal Dutch Shell PLC has terminated the proposed $80-million sale of its Danish subsidiary AS Dansk Shell to Dansk Olieselskab APS. 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. 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. 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