Global Partners Closes $212MM Acquisition of 4 Gulf Oil Terminals
The assets will 'further enhance Global's position in the energy economy of the Northeast'.
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The assets will 'further enhance Global's position in the energy economy of the Northeast'.
The acquisition will significantly increase its terminal capacity and geographic reach to cover the Atlantic Coast and the U.S. Gulf.
Global Partners, a petroleum products storage company, has reached a $305.8m asset purchase agreement with Motiva Enterprises.
The idled Limetree Bay oil refinery could resume operations with minimal capital and could easily be transformed to produce biofuels, the investment banker hired to attract investors said in a...
This is a feature at Global Economic Intersection every Monday evening or Tueday morning. Please share this article - Go to very top of page, right hand side, for social media buttons. MPCA investigating Enbridge Line 3 nontoxic spill - - The Minnesota Pollution Control Agency is investigating a drilling fluid spill that occurred on the Willow River in Aitkin County at one of Enbridge's construction sites for its new Line 3 oil pipeline. Drilling was halted after the nontoxic spill was discovered early July 6 and "containment and cleanup activities were started," MPCA spokeswoman Cori Rude...