PORT OF SPAIN — Trinidad and Tobago next year plans to launch bidding rounds for onshore and shallow-water areas on top of last week’s launch of an auction of 17 deepwater oil and gas blocks, the nation’s energy minister told Reuters. The Caribbean country, which is among the region’s top producers of natural gas, had […]
Tag: British Petroleum (BP)
British Petroleum Gives Limetree Bay Refinery More Time To Hit Operating Targets, Reuters Report Says
CHRISTIANSTED — British Petroleum has given the operator of the Limetree Bay refinery in St. Croix more time to fully restart and retain its crude oil supply agreement after the plant failed to hit operating targets last year, according to people familiar with the matter. Last month, BP threatened to walk away from a 2018 […]
SHUTDOWN LOOMING? BP May Cut Off Oil Supply To St. Croix’s Limetree Bay Refinery If It Stays Idle
CHRISTIANSTED — The problem-plagued Limetree Bay refinery in St. Croix may lose its main supplier of crude oil, British Petroleum (BP), if it isn’t successfully up and running by December, according to two people familiar with the matter. The South Shore refinery’s owner, Limetree Bay Ventures, has spent at least $2.7 billion restoring the facility, […]
ArcLight Capital Partners Plans on Making Big Money With St. Croix Refinery
CHRISTIANSTED — Owners of an idled oil refinery in St. Croix, that was once among the world’s largest, plan to invest $1.4 billion to refurbish and restart a portion of the plant, they said. ArcLight Capital Partners, a private equity firm expects the former HOVENSA refinery on St. Croix to be able to process 200,000 […]