Posts Tagged

HOVENSA

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MAKING FRIENDS: Marla Matthew, Principal of St. Joseph High School on St. Croix, congratulates the school’s English teacher, Wayne James, upon his election as a Senator in the Virgin Islands Legislature in November 2008. [ad name=”HTML-68″] [wpedon id=”23995″ align=”left”] FREDERISTED — On March 10, 2008, Wayne James, 57, was deposed

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[ad name=”HTML-68″] CHRISTIANSTED — In his bi-nightly radio address (the last for two weeks) last night, Gov. Kenneth Mapp seemed to take great pleasure in announcing that the local media had missed a major news story involving President Donald Trump, China and the Limetree Bay Terminals in St. Croix. Mapp

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Sen. Sammuel Sanes during Session CHARLOTTE AMALIE – The board of directors of Petróleos de Venezuela, S.A. (PDVSA) has approved the purchase and sales agreement between Limetree Bay Terminals, LLC and HOVENSA, according to a Government House statement. PDVSA has also agree to waive its tax claims against the Virgin

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CHARLOTTE AMALIE – Terms of the $360 million sale of the HOVENSA oil refinery complex to Limetree Bay Holdings were made public in a press conference at Government House today. Private equity firm ArcLight Capital, together with commodities trader Freepoint, unveiled plans today to buy the HOVENSA refinery complex in

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U.S. Bankruptcy Court Judge Mary Walrath CHRISTIANSTED – The terminal assets of the idled HOVENSA refining complex on the St. Croix will come up for auction in a U.S. Bankruptcy Court hearing on November 10, but a final sale is contingent on local government and legislative approval of an operating

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Former HOVENSA refinery on the South Shore OPEN IT UP The glut of crude oil in the U.S. could see the reopening of an oil refinery that’s been closed for three years, writes The Wall Street Journal’s Alison Sider. The HOVENSA refinery in the U.S. Virgin Islands was one of the

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CHRISTIANSTED – A federal judge gave interim approval for $40 million loan to HOVENSA from its proposed new owners as bankruptcy proceedings over the future of the South Shore refinery began in U.S. District Court in Golden Rock on Thursday. Some of the money is needed by HOVENSA to pay a

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Hess Corp’s Lorrie Hecker CHRISTIANSTED – The owner of the mothballed refinery on St. Croix filed for chapter 11 on Tuesday, as part of a plan to sell its assets for $184 million to an affiliate of Boston private-equity firm ArcLight Capital Partners LLC. The refinery, known as HOVENSA LLC,

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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

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