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. 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. Learn more about Shell on our global website. What Difference Does It Make? 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. 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. This provides significant crude oil and feedstock sourcing flexibility, as well as outlets to refined product export markets. Dec 17, 2020. Shell said that it will use the US Gulf Coast as its key manufacturing hub, alongside Singapore and Rotterdam. 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. According to Shell, the sale of these refineries forms part of the company’s previously disclosed plans to reorganise its global refining portfolio. New technologies, news, new products, essential guides and more. Of note, both the Deer Park and Norco refineries are connected to adjacent ethylene crackers and related petrochemical facilities. Convent is located within the U.S. Gulf Coast region, which holds more than half of the country’s refining capacity. Shell's Sarnia Manufacturing Centre (SMC), also referred to as Shell's Corunna Refinery, is located about 10 kilometres south of Sarnia, Ontario. The Mobile refinery reportedly has a processing capacity of approximately 90,000 barrels per day (bpd) of crude oil. All e-mails from the system will be sent to this address. Meanwhile, the Puget Sound refinery has a processing capacity of about 149,000bpd of crude oil. “Both refineries have done an excellent job over the last number of years and have made several notable achievements in safety, reliability and performance.”. 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. Meccanica Gervasoni supplies high-technology engineering services to the hydrocarbons sector. The company also retained advisers about a year ago to sell its 75,000-bpd Sarnia, Ontario, refinery. Back to top. Shell Convent Refinery was put up for sale in July but did not land a viable buyer, the statement notes. 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). 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. "We look forward to welcoming Martinez's employees to the PBF family and continuing Shell's dedicated community partnerships," said Nimbley. A valid e-mail address. 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. Inside Energy. You've Got Your Troubles - Is the Northeast Gas Market Headed for a Fall Meltdown? 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. 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. Shell is shedding its Martinez refinery in California as it seeks to focus its portfolio on refineries with more chemical, trading and marketing integration, the company announced late Tuesday. Shell has been dumping refineries all over the place for the past few years. In 2017, Shell signed binding definitive agreements with SRI for the separation of assets, liabilities and businesses of Motiva. 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. Shell Norco is for sale or Motiva Convent? 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. That would set the pre-pandemic price for refining assets at about $6,000 a barrel. With refineries running close or below turndown levels, it isn’t surprising that some companies have decided to close some refineries altogether. Replies (4) 2 19. notiger1997 Metairie Member since May 2009 48573 posts. * Shell has been in talks with India's Essar Oil ESRO.BO on the sale of the three refineries. Convent is the fourth U.S. refinery that Shell is looking to unload in a little more than a year’s time. Hover over the logos to learn more about the companies who made this project possible. The refineries that have been put up for sale include Mobile, Alabama, and Puget Sound near Anacortes, Washington. 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. 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… 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. Shell is placing its Sarnia Manufacturing Centre on the market, saying it's "no longer a natural fit" with the company's "evolving portfolio." We are mandated to promote, sell and relocate oil refinery plants on behalf of refinery companies, which are listed below. We are mandated to promote, sell and relocate oil refinery plants on behalf of refinery companies, which are listed below. Sign up here for GlobalData's free bi-weekly Covid-19 report on the latest information your industry needs to know. Reuters is reporting that Chevron has put their Burnaby Refinery up for sale. The move is in line with the company's plans to reshape its global refining portfolio. ANACORTES — Shell Puget Sound Refinery on March Point is for sale, the refinery’s parent company announced Thursday. ANCORTES -- The Shell Puget Sound Refinery is for sale, the refinery’s parent company announced March 5. Mobile lies near the US Gulf Coast at the north end of Mobile Bay in Alabama. 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. 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. Each Pneumofore solution includes bespoke system engineering by the company’s dedicated and highly experienced technical personnel. Equilon Enterprises, doing business as Shell Oil Products US, will proceed with the sale of two of its refineries ‘Mobile’ and ‘Puget Sound’. The refinery is located in BC's Lower Mainland and is the only refinery operating in the Vancouver area. It also produces various chemicals, such as nonene and tetramer, used in plastic products. Pneumofore provides comprehensive technical support and after-sales services to ensure the consistent high-performance and prolonged service-life of its solutions long after installation. 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). With its position along the Mississippi River, Convent also has access to international waters. 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. 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. Royal Dutch Shell PLC has terminated the proposed $80-million sale of its Danish subsidiary AS Dansk Shell to Dansk Olieselskab APS. Cruel Summer? Auch in Deutschland wollen wir unseren Beitrag zur Energiewende leisten und mehr klimafreundliche Energielösungen bereitstellen, um die CO2-Emissionen zu senken. The company said in a news release that the process may take months and may not even result in a sale. It has the potential to operate as a standalone refinery that produces base oils or chemicals feedstock. Replies (4) Options Top. 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. Originally built in 1952 by Canadian Oil Companies Limited, the refinery became part of Shell’s operations in 1963 when Shell purchased Canadian Oil. 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. Our website uses cookies to ensure that we give you the best experience on our website. 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. 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. re: Shell selling Convent refinery Posted by notiger1997 on 7/7/20 at 10:45 am to wileyjones. 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? Shell announces the sale of a minority interest in QCLNG Common Facilities infrastructure to Global Infrastructure Partners. Baby Break It Down- How Much Can Refineries Slow Their Operations Without Going Offline? Shell has been dumping refineries all over the place for the past few years. No surprise at all. 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. 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. 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. Reuters is reporting that Chevron has put their Burnaby Refinery up for sale. 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. Learn about new events and offers to keep you at the forefront of industry news and opportunities. 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. Over the same interval its oil product sales … After a prolonged period of negotiation, Stanlow was sold by Shell to Essar Energy for approximately $1.3 billion (£814 million) in 2011. - 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. To access the remainder of Time to Move On - Shell's Plan to Sell Another Refinery, This Time in Louisiana's Refinery Row you must be logged as a RBN Backstage Pass™ subscriber. In general, Shell has explained its refinery divestiture announcements by saying that it wants to focus its manufacturing interests on a smaller, core set of refineries that are highly integrated with the company’s key trading … 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. PRIOS has extensive expertise in the global oil refinery business, with focus in decommissioning, sales and relocation of oil refinery plants. 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. The company completed a sale of its Martinez refinery in the San Francisco Bay area to PBF Energy earlier this year. 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