hovensa

USVI Lawmakers Reject HOVENSA Deal

 Above: the HOVENSA refinery By the Caribbean Journal staff In what could be a crushing blow to the US Virgin Islands’ economy, the territory’s Senate has voted against the approval of a deal to purchase the shuttered HOVENSA refinery on …

Caribbean’s Largest Oil Refinery Sold

 Above: US Virgin Islands Governor John de Jongh By the Caribbean Journal staff HOVENSA, the St Croix-based oil refinery that was the largest in the Caribbean until it shuttered in 2012, has a new buyer. And it could mean an …

Owners of St Croix’s HOVENSA Seek Extension on Sales Agreement

 Above: the HOVENSA refinery in St Croix By the Caribbean Journal staff The owners of the HOVENSA oil facility in St Croix have asked for an extension of the agreement governing the sales process for the property, the US Virgin …

LATEST NEWS

 Above: wind turbines in Bonaire (CJ Photo) What will be the big stories of 2014? What will be the major issues facing the Caribbean region? And what will be the most interesting ones? CJ has put together a list of …

 Above: the USVI By the Caribbean Journal staff The owners of the HOVENSA oil facility in St Croix have purchased and will take delivery of additional fuel for local distribution in the United States Virgin Islands, according to Governor John …

 Above: the USVI By the Caribbean Journal staff The real GDP of the United States Virgin Islands fell by 13.2 percent in 2012, according to the United States Bureau of Economic Analysis. That was due almost entirely to the shutdown …

 Above: the USVI By the Caribbean Journal staff The Virgin Islands Water and Power Authority has voted to approve an agreement with the Vitol Group to supply propane for energy generation in the territory. The project, which is slated for …

 Above: the HOVENSA refinery By the Caribbean Journal staff United States Virgin Islands Governor John de Jongh has submitted the new agreement with the HOVENSA refinery to the legislature for approval. The agreement, which is the fourth Amendment Agreement between …

 Above: USVI Governor John de Jongh By the Caribbean Journal staff Last year, the United States Virgin Islands lost its primary provider of fuel when it was announced that the HOVENSA oil refinery would be shuttering. That was only part …

 Above: the HOVENSA refinery By the Caribbean Journal staff The United States Virgin Islands and HOVENSA have reached an agreement in principle regarding the process for the sale of the refinery, Government House announced this weekend. The deal, which was …

 Above: the HOVENSA facility in St Croix By the Caribbean Journal staff Hess Corporation announced this week that it would be pursuing the sale of its terminal network in the United States, one that will include the sale of its …

 Above: the HOVENSA refinery By the Caribbean Journal staff The government of the United States Virgin Islands and HOVENSA have agreed to extend an interim agreement to make fuel available as the two sides negotiate on the future of what …

 Above: Valero’s Aruba refinery By the Caribbean Journal staff Valero has notified employees at its Aruba refinery that it will be reducing operations and reorganizing the site into a refined products terminal, the company’s Aruba subsidiary announced Monday. The refinery …

 Above: US Virgin Islands Governor John de Jongh (Photo: OG) By the Caribbean Journal staff The United States Virgin Islands is seeking to work toward reopening the HOVENSA refinery, the Caribbean’s largest and the territory’s single-biggest employer. USVI Governor John …

 Above: US Virgin Islands Governor John de Jongh (right) By the Caribbean Journal staff The board of directors of the Virgin Islands Public Finance Authority has approved funding for the territory’s government to hire a private financial firm to provide …

 Above: Governor John de Jongh at a community meeting last week in St Croix (Photo: OG) By the Caribbean Journal staff Governor John de Jongh has submitted the US Virgin Islands’ budget for fiscal year 2013, promising that his administration …

 Above: the HOVENSA refinery By the Caribbean Journal staff The US Virgin Islands will be receiving a $7.84 million National Emergency Grant from the US Department of Labour to assist more than 1,200 workers impacted by the closure of the …

 Above: Puerto Rico Governor Luis Fortuño and US Virgin Islands Governor John de Jongh By the Caribbean Journal staff Puerto Rico Governor Luis Fortuño and US Virgin Islands Governor John de Jongh have signed a letter asking White House to …