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

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

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