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Dallas-based HollyFrontier Corp. is suspending its quarterly dividend payments for a year and tapping its cash reserves to fund a $500 million deal for a...
(Page 1) HollyFrontier Corp. (Dallas, Tex.) announced that it has entered into a definitive agreement to acquire the Puget Sound Refinery, the on-site cogeneration
Shell Sells Washington Puget Sound Refinery to Hollyfrontier édité le 05/05/2021 - Plus de news de "SHELL" - Voir la fiche entreprise de "SHELL" 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. The transaction is expected to close in Q4 2021, subject to regulatory clearan...
In this installment of Rigzone’s 2020 downstream countdown, common themes include conflict and contraction. Many heady questions no doubt are on people’s minds these days. When will researchers develop an effective vaccine against the coronavirus? When will oil prices go back up high enough to help the industry recover? When will Saudi Arabia and Russia work out a production deal to help stabilize the global oil market? The latter question applies to the title of the above Bloomberg article, which cites previous Saudi Arabia-led price wars as evidence to suggest the fallout from the curre...
Shell plans to begin layoffs for nearly 700 workers in March at its Convent oil refinery, which it expects to fully shut down in August. The Louisiana subsidiary of Royal Dutch Shell, Equilon Enterprises LLC, previously had announced layoffs but has now filed an official notice with the Louisiana Workforce Commission outlining its plans. Shell looks to lay off all 698 workers at the refinery, 340 of whom are represented by a union, according to the letter. The company is still offering a voluntary severance program for some workers at its Norco refinery near New Orleans, opening the p...