3 hurt in fire at Texas oil refinery. Royal Dutch Shell is selling its 90,000 barrel-per-day (bpd) Mobile, Alabama refinery to specialty refiner Vertex Energy for $75 million plus the cost of hydrocarbon inventory, the company said. The consideration for this transaction is $75 million in cash plus the value of the hydrocarbon inventory. 55, 56, 57 Alabama receives additional refined products from Texas and Louisiana via two major interstate pipelinesthe Colonial Pipeline and the PPL Pipeline. Vertex plans to produce petroleum fuel and renewable diesel at the refinery following the close of the transaction in the fourth quarter of 2021, pending approvals. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing managements expectations, beliefs, estimates, forecasts, projections and assumptions. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release. This press release contains forward-looking statements (within the meaning of the U.S. For more than 125 years, it has been functioning as a. At that Townhall meeting Mr Gould, during his speech to the assembled staff, made many references to 'you' (meaning BG Group Staff) failing to meet targets. Hunt Consolidated, Inc. is the flagship entity of the entire Hunt family of companies, a privately owned group of entities based in Dallas, Texas. Shells U.S. portfolio of operated companies and interests consists of oil, natural gas, petrochemicals, gasoline, lubricants, and other refined products along with renewables such as wind, solar, and mobility options like electric vehicle charging and hydrogen. Mobile, AL 36608 OPEN 24 Hours From Business: Davison Fuels & Oil, Inc. is one of the largest locally owned and operated wholesale distributors of fuel and lubricants in the Southeastern United States. 5. Following the transaction, Tailwind Energy Holdings LLP became the parent company of Tailwind Energy Investments Ltd. On the date of issue, the shares of NSV Energy Ltd were valued at $479.9 million resulting in the recognition of an investment of $479.9 million. barrel-per-day refinery in Mobile (AL) and more than 3.2 million barrels of product storage, positioning it as a leading supplier of fuels in the region. Were becoming better positioned to deliver resilient returns and meet the increasingly diverse needs of our customers.. Founded in 1989, we are the oldest company of our kind on the Gulf, From Business: Davison Fuels & Oil Inc is a locally owned and operated wholesale petroleum products distribution company who doesn't measure success by what we have, From Business: Davison Fuels & Oil, Inc. is one of the largest locally owned and operated wholesale distributors of fuel and lubricants in the Southeastern United States., From Business: McKinney Petroleum Equipment specializes in sales and service of petroleum, commercial and industrial equipment and systems. Hunt Refining Company is a privately held petroleum refiner headquartered in Tuscaloosa, Alabama. It also produces low-sulfur VGO/Heavy Olefin Feed and Benzene. The sale of the Mobile refinery shows that we are making good progress delivering on our manufacturing strategy, said Robin Mooldijk, Shells EVP for Manufacturing. As part of the transaction, Vertex has acquired approximately 3.2 million barrels of product storage, inventory, logistics and distribution assets, more than 860 acres of developed and undeveloped land, together with the Blakeley Island Crude and Products Terminal. In September, the company said it expected to complete the project in Q1 of 2023, rather than at the end of 2022. The. 1927 29th Ave S. Business Customers, View There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shells products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak; and (n) changes in trading conditions. OC430905) for a consideration of 1 In the BG Group 2010 annual report, Chapmans statement that contractor safety would be a particular focus in 2011, seemed to infer that contractor performance was the issue, however, BG Group were ultimately responsible for those at the worksites, including contractors. Business Customers, View Companies House records show for Tailwind Energy Holdings LLP under 'People' the following: In 2012, his deep regret of the unacceptable safety performance deterioration in 2011, would appear to indicate the particular focus was misconceived. Supplier Diversity, View Energy and Innovation, View Where did the dividend go? Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Royal Dutch Shell. When typing in this field, a list of search results will appear and be automatically updated as you type. Shell Pipeline, Shell Pipeline Supports National 811 Day And Safe Digging, View Wrath: Subsurface Technical Staff at Shell who previously worked for BG Group would be well advised to remember that reserves should not be booked on subjective technical workflows and furthermore that both the technical workflows used in calculating reserves and their results should be reproducible by the Auditors. As this deal progresses towards closing, our Goal Zero safety program will remain our utmost priority while also providing focused support and care for our employees throughout this time of change. Mecuria Asset Holdings (Hong-Kong) Ltd A Private Ltd Company It is located near the Gulf Coast; specifically, at the north end of Mobile Bay in Alabama. . The term Shell interest is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest. Cavendish Energy Holdings Ltd is also the ultimate parent company and ultimate controlling party which prepares consolidated financial statements. Tailwind Energy Investments Ltd entered into an agreement with its now subsidiary NSV Energy Ltd to pay the dividends directly to its parent's ultimate shareholders. When it eventually goes boom, it will be blamed on TSE not the folks who are sweeping the concerns under the rug. Useless company out at end of contract. Please visit our Privacy page for more information about cookies and how we use them. Energize Your Future with Shell, View Alabama is among the top 17 producers of oil and among the top 16 producers of natural gas in the United States. : In response to Bogus Group's enquiry. EBOOK TITLE: SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL AVAILABLE ON AMAZON Enter your ad code in the Widget Admin to display your ads here. The 91,000 barrel-per-day (bpd) Mobile refinery is a strategically located asset, one capable of sourcing a flexible mix of cost-advantaged light-sweet domestic and international feedstocks. Following the successful completion of a planned $85 million conversion of the Mobile refinery's hydrocracking unit by year-end 2022, Vertex anticipates that the refinery will have the potential . the new emperors have no clothes! It also produces low-sulfur VGO/Heavy Olefin Feed and Benzene. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as joint ventures and joint operations, respectively. The term Shell interest is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. Diversity Advocacy, View Shell Polymers, View Hunt Refining Company is a privately held petroleum refiner headquartered in Tuscaloosa, Alabama. Subsidiaries, Shell subsidiaries and Shell companies as used in this press release refer to entities over which Shell plc either directly or indirectly has control. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. At closing, Vertex acquired approximately $165 million in hydrocarbon inventory from Shell that was financed through an intermediation agreement arranged by Vertex. Supplier Diversity, View The Shell logo image with the white text used on this website, as per the above example, is in the public domain because its copyright has expired and its author is anonymous. No. YP advertisers receive higher placement in the default ordering of search results and may appear in sponsored listings on the top, side, or bottom of the search results page. No. : Subsurface Technical Staff at Shell who previously worked for BG Group would be well advised to remember that reserves should not be booked on subjective technical workflows and furthermore that both the technical workflows used in calculating reserves and their results should be reproducible by the Auditors. As part of this deal, Shell and Vertex Energy will have crude supply and product offtake agreements to support Shell's customers in the region. During that speech, Mr Gould also said that it was vital that BG Group meet their targets, especially first export of QC LNG coalbed methane to LNG, by year end. Shell will maintain branded businesses in Alabama and the U.S. Gulf Coast and will have crude supply and product offtake agreements with Vertex Energy to support its customers in the region. Under the plan, Pemex will purchase a 50% stake in the refinery and join Shell in a $1-billion more upgrade with would enable it to handle more Mexican crude. The consideration for this transaction is $75 million in cash plus the value of the hydrocarbon inventory. YP, the YP logo and all other YP marks contained herein are trademarks of YP LLC and/or YP affiliated companies. SMM expects that the production cuts at Kwinana will last about one and a half months. Each forward-looking statement speaks only as of the date of this press release. As this deal progresses towards closing, our Goal Zero safety program will remain our utmost priority while also providing focused support and care for our employees throughout this time of change. In this press release, Shell, Shell Group and Group are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Shell Fleet Solutions, Steps to Achieving Smarter Fleet Management, View Energy From Deep Water, View Energize Your Future with Shell, Preparing Todays Students For Tomorrows Workforce, Shell LiveWIRE Louisiana Accelerator Program, NFWF Announces $2.9 Million in Grants from the Monarch Butterfly and Pollinators Conservation Fund, View HOUSTON, TX / ACCESSWIRE / April 1, 2022 / Vertex Energy, Inc. (NASDAQ:VTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products today announced the In this press release "Shell", "Shell Group" and "Group" are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. With the Mobile refinery scheduled to operate at about 90% of operable capacity through second- quarter 2022 given current market conditions, Vertex said its $90-100 million capital project to. From Business: Incorporated in 1882, ExxonMobil is one of the largest international oil and gas companies in the world. Shell Pipeline, Shell Pipeline Supports National 811 Day And Safe Digging, View So, I settled the bill over the phone. Business Customers, View The Mobile refinery is located at the north end of Mobile Bay in Alabama near the U.S. Gulf Coast. Shell Polymers, View The current value of the hydrocarbon inventory would range from $65 to $85 million assuming current market prices and historic inventory volumes under normal operating conditions. Reported it never had any contact back or reason given. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. 06220464) representing a 100% interest in that entity. So the top brass must have been involved. Additional risk factors that may affect future results are contained in Royal Dutch Shells Form 20-F for the year ended December 31, 2020 (available at www.shell.com/investor and www.sec.gov). Shell RechargePlus, View No response to my emailed complaint. In early May Shell announced the sale of its 149,000 barrel per day (bpd) refinery in Washington to Hollyfrontier Corp. (Reporting by Laura Sanicola; editing by Richard Pullin). The Alabama Bulk Terminal Company, LLC provides a means of receiving waterborne crude oil into the Hunt Refining Company system. StateEscape, View Shell Motorsport, View COVID-19 Resources and Updates >> . 23rd December 2020 Tailwind Energy Investments Ltd issued 290 shares of 1 each to Tailwind Energy Holdings LLP in return for 290 shares of NSV Energy Ltd (Co. Reg. Through passion, persistence, and innovation, they are the ones who spark things into motion. I recall a lot of competent and committed people at BG Group, I also recall a toxic culture among those aspiring to climb the leadership greasy pole at all costs. Vertex Energy is a U.S. owned, Texas-based specialty refiner of alternative feedstocks and marketer of high purity petroleum products. The crude oil capacity of the Mobile Refinery is 90,000 barrels per day. If Mr Goulds disparaging comments were not aimed at the latter group, its no surprise the meeting ended on a low note. VERTEX covers central and northern Alabama such as Birmingham, Tuscaloosa, and Huntsville, from our Atlanta office and Nashville field office. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. On 1st November 2021, Tailwind Energy Investments Ltd declared a dividend of $36.4 million. 123718128) Cavendish Energy Holdings Ltd (Co. Reg No.12154073) The areas of activity of the different Hunt companies include oil and gas exploration and production, refining, LNG, power, real estate, investments, ranching and infrastructure. Homewood, AL 35209 : Would like to hear more on the thread of these interesting comments. Shell in the Community, View 23rd December 2020 Tailwind Energy Investments Ltd issued 290 shares of 1 each to Tailwind Energy Holdings LLP in return for 290 shares of NSV Energy Ltd (Co. Reg. All employees providing dedicated support to the Mobile Refinery will be offered employment with Vertex Energy. 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