St. Croix News
CHRISTIANSTED — HOVENSA LLC, a joint venture between Hess and Venezuela’s PDVSA, said on Monday that it has reached an agreement to sell its terminal assets for $184 million to Limetree Bay Holdings LLC. The buyer is an affiliate of ArcLight Capital Partners LLC, a Boston-based private equity firm focused on energy
Hess Oil’s Lorrie Hecker CHRISTIANSTED – The new buyer of the Hovensa refinery intends to scrap plans to operate the complex as a refinery, instead rebooting the troubled St. Croix-based asset as a storage facility with 15 million barrels of operable capacity, sources said Monday. Limetree Bay Holdings, a subsidiary
CHRISTIANSTED – The Virgin Islands government on Monday sued American oil company Hess Corp. for at least $1.5 billion, alleging that the firm abandoned a massive oil refinery it had pledged to run through the year 2022. Within hours of the filing, the Hess subsidiary that owns the refinery announced that it
UVI’s Glenn Metts CHARLOTTE AMALIE – Every parent who sends their child off to college is aware of the fact that their child is likely to experiment with their own sexuality once they are away from home – if the child hasn’t already done so in high school. But
CHARLOTTE AMALIE – Division of Personnel Offices on St. Croix and St. Thomas will be closed one day each so employees can participate in a wellness program sponsored by the government, according to Division of Personnel Director Milton Potter. The St. Croix office of the Division of Personnel will be closed
Carlos Latour MIAMI – For General Motors, the company’s South Florida zone covers a lot of real estate, roughly along the state’s eastern coast from Gainesville south to the Keys. This geographical area, one of two GM zones in Florida, also represents a huge regional market for the Detroit-based automaker.
“The degree of civilization in a society can be judged by entering its prisons.” — Fyodor Dostoevsky The ACLU calls the U.S. the largest jailer in the world, holding roughly 25 percent of the world’s prison population despite the fact that national population represents only 5 percent of the world’s.
CHARLOTTE AMALIE – At least 1,000 Virgin Islands residents will take part in the 30th annual Ocean Conservancy International Coastal Cleanup Sept. 19 – Oct. 31. ridding the territory’s beaches of waste, from soda cans and plastic bags to tires and home appliances. The Coastweeks cleanups on selected St. Thomas,
Head of the Fed: Employment Has ‘Steadied’ In The Virgin Islands and Puerto Rico Despite ‘Deep Economic Slump’
Fed President William Dudley NEW YORK – A September rate hike is looking less compelling, according to William Dudley, president of the New York Federal Reserve. A voting member of the Federal Open Market Committee, Dudley addressed the Fed’s potential tightening—especially considering the recent collapse in U.S. equities and
Hurricane Marilyn struck Sept. 15, 1995 MIAMI —For some, hurricane season is viewed as a mountain with an elevator awaiting on the other side. You climb to the top and it’s easy going on the way down. But, that’s really not how it works. “It’s a bell curve. It’s a