On the south coast of Saint Lucia, where the Caribbean meets a long stretch of sand near Hewanorra International Airport, Coconut Bay Beach Resort has been a familiar name for travelers for more than two decades. The property’s mile-long beachfront, expansive all-inclusive program and two distinct resort wings have made it one of the island’s most recognizable places to […]
By the Caribbean Journal staff The sale of Hess’ oil storage terminal in St Lucia has been confirmed, the government said Tuesday. Hess CEO John Hess reportedly communicated the news by telephone to St Lucia Prime Minister Dr Kenny Anthony. News of the sale first surfaced earlier this month. Hess first announced plans to sell […]
Above: the HOVENSA refinery By the Caribbean Journal staff The United States Virgin Islands and HOVENSA have reached an agreement to govern a 14-month sales process for what was formerly the Caribbean’s largest oil refinery. The sales process will begin when the USVI Senate ratifies the deal, and will not exceed 14 months, according to […]
Above: the Hess terminal in St Lucia (Photo: Hess) By the Caribbean Journal staff St Lucia is taking a wait-and-see approach on the potential sale of the Hess crude oil refined products and storage terminal at Cul de Sac. Hess informed Prime Minister Dr Kenny Anthony of the decision to sell the facility earlier this […]
By the Caribbean Journal staff US Virgin Islands Governor John de Jongh met yesterday with officials of soon-to-be-shuttered refinery HOVENSA and its owners: HOVIC, a subsidiary of the Hess Corporation and PDVSA, VI, a subsidiary of Petroleos de Venezuela, SA to discuss the controversial closure. The HOVENSA refinery is the largest oil refinery in the […]
Above: the HOVENSA refinery in St Croix By the Caribbean Journal staff The HOVENSA oil refinery in St Croix, US Virgin Islands, will be shut down, the company announced today. The refinery, which is one of the 10 largest in the world and the largest in the Caribbean, is a joint venture between the Hess […]
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