Search Result for: oil refinery
40 results found.
Major Caribbean Oil Refinery to Reopen
A major Caribbean oil refinery is set to reopen. CITGO Aruba and the Aruban government have executed a commercial agreement that will reopen one of the Caribbean’s largest oil refineries in San Nicolas, Aruba. The signing ceremony for the agreement […]
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 […]
Valero to Convert Aruba Oil Refinery into Refined Products Terminal
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 […]
Largest Caribbean Oil Refinery to Close
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 […]
USVI Seeks to Reopen HOVENSA Refinery, Possibly Under New Ownership
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 […]
St Lucia Waits on Potential Sale of Hess Oil Storage and Transshipment Terminal
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 […]
US Virgin Islands Plans Response to HOVENSA Refinery Closure
Above: the HOVENSA refinery By the Caribbean Journal staff The US Virgin Islands has a plan to assist the thousands of people who will lose their jobs when the HOVENSA oil refinery, the largest in the Caribbean, closes. It was […]
Oil Company Anadarko Looks at Guyana
Above: Anadarko VP Ian Cooling meeting with President Bharrat Jagdeo. Middle: Noel Dennison, head of GGMC’s Petroleum Division (Photo: GIA) By the Caribbean Journal staff Anadarko Petroleum Corporation, the largest private US oil company, is brainstorming the prospects of a […]
Exploring San Nicolas, Aruba’s Next Culture Capital
By Alexander Britell SAN NICOLAS — The Aruba Rum Shop has been here on Route 1 for almost eight decades, since the beginning of the oil refinery, when a small bottle of rum was precisely what you needed at the […]
The State of Aruba’s Economy
Above: Aruba By the Caribbean Journal staff Aruba’s economy is “recovering gradually” from a “severe double-dip recession,” according to the International Monetary Fund, which recently concluded its 2015 Article IV Mission to the Dutch Caribbean island. The recession was recovered […]
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 […]
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 […]
21 Caribbean Storylines to Watch in 2014
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 […]
HOVENSA to Increase Supply of Fuel to US Virgin Islands
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 […]
HOVENSA Shutdown Leads to Significant Drop in US Virgin Islands’ GDP
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 […]
USVI Governor Sends HOVENSA Sales Agreement to Legislature
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 […]
US Virgin Islands Governor Asks Federal Officials For Energy Help
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 […]
US Virgin Islands and HOVENSA Finalize 14-Month Sales Timetable
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 […]
US Virgin Islands and HOVENSA Reach Interim Agreement
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 […]
Hess to Sell St Lucia Storage Terminal; Fate of USVI’s HOVENSA Facility Unclear
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 […]
US Virgin Islands Receives Federal Funds for Economic Development
Above: USVI By the Caribbean Journal staff The United States Virgin Islands has been awarded more than $1.4 million in economic development funding from the US Department of Commerce. Of the funding, $1 million will be used to help establish […]
The Most Popular Stories of 2012
It was another active year in the Caribbean, from the arrests of one former Premier and another sitting Premier; a wave of new hotel activity; a series of downgrades of government debt and several high-profile elections. But what were Caribbean […]
US Virgin Islands, HOVENSA Extend Interim Agreement as Talks Continue
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 […]
US Virgin Islands Hires Financial Firm to Navigate HOVENSA Closure
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 […]
US Virgin Islands Governor Pledges “Leanest Possible Budget”
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 […]
US Virgin Islands Signs Agreement for Large-Scale Solar Power Project
Above: Governor John de Jongh and officials at the ceremony Monday (Photo: OG) By the Caribbean Journal staff The US Virgin Islands Water and Power Authority has signed solar power and purchase and interconnection agreements with three companies to provide […]
Former HOVENSA Workers in US Virgin Islands Get $7.8 Million Federal Grant
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 […]
US Virgin Islands Delegate, Senator Menendez in Row over Diageo Deal
Above: US Virgin Islands Delegate Donna Christensen and New Jersey Senator Robert Menendez By the Caribbean Journal staff US Virgin Islands Delegate Donna Christensen said she was “dismayed” that Senator Robert Menendez (D-NJ) used a hearing of the Senate Finance […]
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