Shell is selling refineries.
The refinery earned Shell the “Pioneer Certificate No.
Shell is selling refineries The Shell Norco refinery and chemical plant, now christened as Shell’s first integrated “Energy and Chemicals Park” in the U. (SRC), including the 125,000-b/d refinery in Port Dickson, Malaysia Archyde: Russia seems to prefer selling the refinery to ‘its’ investors. Reuters reported last August that Shell had hired Goldman Sachs to explore a potential sale of its refining and In the mid-1990s, the Royal Dutch/Shell Group had to face the fact that its giant European downstream operations—refining and fuel marketing—were making unacceptable returns. page revision: 29, last edited: 05 May 2019 20:41. 1”, which was awarded by the Singapore government. Shell has around 700 fuel service stations in South Africa. announced in a news release that it is selling its Skagit County refinery Shell is currently constructing a petrochemical complex in Western Pennsylvania. owned, Texas-based specialty refiner of alternative Learn how the Shell Renewable Refining Process can help reduce transportation emissions with low carbon fuels. "The decision has been taken to allow an informed finalisation on the various options available to the shareholders, a sale option being the most preferred," the companies said in a joint statement on Thursday afternoon. Exit anticipated Shell has struck a deal to sell its stake in a German refinery co-owned with Russia’s Rosneft as it continues to cut ties with Moscow and reshape its refining portfolio. We provide access to electric vehicle charge points at home, at work and on-the-go, including at our fuel and convenience retail site forecourts and at a range of public locations. it agreed to sell its 145,000-bpd Puget Sound Refinery to HollyFrontier Corp , opens The refinery also provides key base materials for chemicals and propane producers in the Sarnia area, including for the Shell Chemical plant adjacent to the refinery. Gas stations may be owned by a gas refining company, like Shell, but frequently they are owned by another company (or individual) who has a license to use the branding of an oil company like Shell and a contract requiring the use of the the refiner’s additive. V. • Shell has been in talks with India's . Norteamerica, S. We are also investing in targeted projects at some of our refineries to further enhance our In March 2022, Shell and bp, joint venture partners in the South African Petroleum Refineries (SAPREF), which was the largest crude oil refinery in Southern Africa at that time, announced that it was closing down the Shell said on Friday it had agreed to sell its 37. (昭和シェル石油株式会社, Shōwa Sheru Sekiyu kabushiki gaisha) was a Japanese company that operated as a subsidiary of Royal Dutch Shell until it was acquired by Idemitsu Kosan in 2018 and integrated into the company the following year. The oil major Shell plc’s SHEL subsidiaries concluded the sale of the company’s 91,000-barrels per day refinery in Mobile, AL to a subsidiary of the Houston, TX-based high-quality refined Shell V-Power™ is a key driver of our profitability in marketing and intimately links our brand to technology and innovation. The transaction will transfer Shell’s interest in the Shell has decided to shut down its oil refinery in Wesseling, Germany, by 2025 while converting the site into a production unit for lubricant feedstock as it seeks to reduce its carbon emissions. Oil giant Shell said on Wednesday that it has agreed to sell its Bukom refinery in Singapore - one of the world's largest oil refining and trading centres - to a joint venture of Indonesian SINGAPORE - Oil giant Shell has agreed to sell its energy and chemicals park on Singapore’s Pulau Bukom and Jurong Island to CAPGC, a joint venture comprising Indonesia’s Chandra Asri Capital Singapore − Shell Singapore Pte Ltd, a subsidiary of Shell plc, has reached an agreement to sell its Energy and Chemicals Park in Singapore to CAPGC Pte. SARALAND, Ala. Shell Refining is transforming. The Bukom refinery, Shell's only wholly owned refining-petrochemical centre in Asia, can process 237,000 barrels per day (bpd) of crude. Oil and gas companies are investing in the buildout of more than 120 new petrochemical projects across the country, which promise to unleash untold climate destruction and public health harms in the places where they operate. Home. Africa. The Sectors & Decarbonisation business sells fuels, speciality products and services, including low-carbon energy solutions, to a broad range of commercial customers The Bukom refinery, which is Shell's only wholly-owned refining-petrochemical centre in Asia, can process 237,000 barrels per day (bpd) of crude oil, the report said. Established in 1963, SAPREF is the largest crude oil refinery in South Africa with 35% of Permanent refinery closures were also announced in 2020, but construction of new capacity did occur during the year, especially in the Middle East and Asia. Edit Rate (0) Tags History Files Print Site tools + Options HOUSTON – Equilon Enterprises LLC d/b/a Shell Oil Products US, Shell USA, Inc. Reuters reported last August that Shell had hired Goldman Sachs to explore a potential sale of its refining and petrochemical plants in Consequently, it is vital that refiners plan carefully to avoid a regret investment. Built in 1961, it was Singapore's first refinery. Shell sells Australian refinery and retail network Shell today announced that it has reached a binding agreement to sell its 120,000 barrel-per-day Geelong oil refinery and network of some 870 Former Shell Refineries. (BP, ExxonMobil, Shell) have been particularly active in shedding smaller refineries, even as they continue to invest in some of their larger hub-market assets. The corporation’s leaders decided on a large-scale reorganization to reshape Shell Europe’s 28 national operating companies by creating a pan-European structure. Canada. The city state is a major market for cargo in refined products and bunkers. Here are the key details and what's next: Exxon and BP have already divested their refineries in California and Shell previously sold one plant in the state to Tesoro Corp. De C. is also planning to sell its refining and petrochemicals site in Singapore. In recent months, the oil Located on Singapore’s Bukom island, the assets comprise a refinery producing 237,000 barrels per day and an ethylene plant with a capacity of one million metric tonnes per year. The sale of the South African Petroleum Refinery (Sapref), jointly owned by multinational energy companies BP and Shell, to the state-owned Central Energy Fund for R1 (five US cents) raises Refining plays a key role powering Shell’s global, customer-focused Downstream value chain. Sweden. Shell, the insolvent oil major, is selling most of its service stations in South Africa, with the global oil giants, including Saudi Aramco, Trafigura, and Abu Dhabi’s HOUSTON – Equilon Enterprises LLC d/b/a Shell Oil Products U. It was formed by the merger of Showa Oil Company and Shell Sekiyu which was begun around 1876 in Yokohama Shell is considering selling its 240,000-barrels-per-day refinery in Convent, Louisiana, as part of a broader strategy to reshape its refining portfolio, the supermajor's spokesman Curtis Smith BP and Shell will next month halt operations at Sapref indefinitely as they mull over the future of the refinery. national security review has delayed the sale of Royal Dutch Shell's controlling interest in a Texas refinery to Mexico's national oil company, Petroleos Mexicanos (Pemex), Shell said on AS MOST readers know by now, on May 8 oil giant Shell announced that it had agreed to sell its Bukom refinery in Singapore to a joint venture of Indonesian chemicals firm Chandra Asri and global trading house Glencore, culminating a process that began last year. 6 billion. 4 billion (€2. Shell Energy and Chemicals Park – Norco (Shell Norco) features both refining and chemicals facilities and is recognized as one of the largest and foremost petrochemical facilities in the United States. “This sale supports the shift of Shell’s refining Shell’s assets include a refinery capable of processing 237,000 barrels per day (bpd) of oil and a 1-million-metric-tonne-per-year (tpy) ethylene plant located on Bukom island, just south of SINGAPORE (Reuters) -Shell said on Wednesday it has agreed to sell its refinery and petrochemical assets in Singapore, Asia's main oil hub, to a joint venture between Indonesian chemicals firm Chandra Asri and Swiss miner and commodities trader Glencore. With oil majors selling off, closing and converting their oil refineries, their oil traders have less assets to trade around. said Monday it is buying the Wilmington refinery and about 250 retail sites in Southern California from Shell Oil Products for $1. Royal Dutch Shell PLC has entered into a conditional agreement to sell its majority interest in Shell Refining Co. With effect from January 1, 2020, Shell discloses utilisation instead of availability to improve transparency on refinery production volumes. [D] The sale of Deer Park refinery Shell is also selling off its huge refinery in bukom in singapore. refineries: the Deer Park refinery in the Houston area, which is operated as a JV with Petróleos Mexicanos (Pemex), and the Norco refinery in Shell said on Wednesday it has agreed to sell its refinery and petrochemical assets in Singapore, Asia's main oil hub, to a joint venture between Indonesian chemicals firm Chandra Asri and Swiss miner and commodities trader Glencore. Equilon Enterprises LLC d/b/a Shell Oil Products US, Shell Oil Company and Shell Chemical LP, subsidiaries of Royal Dutch Shell plc (Shell), have reached an agreement for the sale of the Mobile Chemical LP Refinery in Mobile, AL, to Vertex Energy Operating LLC (Vertex Energy). and refineries which turn crude oil Showa Shell Sekiyu K. 5% stake in PCK Refinery to Prax Group. Shell has been shedding refineries globally to concentrate on refineries that are paired with chemical plants. , in exchange for $1. The buyer will gain a significant foothold in Asia’s primary oil trading hub but Shell Geelong Refinery, VIC: likely to be sold, 400 jobs under a cloud "It's an uncertain time and there is a lot more that is unknown at the moment than is actually known," he said. ExxonMobil's Singapore refinery located on Jurong island has a 592,000 bpd capacity. The heightened long-term uncertainty in the future of refining is creating more sellers than buyers and thus a decline in transaction values across geographies. Does this narrow down the list of possible buyers? AV: While Russia’s preference for ‘its’ investors might initially rule out major international players like Shell or TotalEnergies, the list of potential buyers remains diverse. Geismar Plant. Shell plans to sell off about 15% of its global refining capacity, or about 600,000 barrels a day of capacity, in the next three years as part of its restructuring program • U. Shell is considering divesting its Bukom oil refinery in Singapore as part of broader strategic review, reported Reuters citing sources close to the matter. A. 7 Refining oil into fuels and lubricants. Shell's ageing Bukom refinery which the oil major may want to sell has attracted interest from Chinese players. All jet fuel is certified before it leaves the refinery to ensure it meets exacting standards, but the journey from refinery to airport can be long and complex, particularly to more remote locations. Glencore also made the list of the biggest oil traders buying refineries from Big Oil. 1 Shell estimate based on number of markets selling Shell V Power™ and extrapolated from public data where available. Shell Deutschland (Shell) has reached an agreement with Alcmene GmbH (part of the Liwathon Group) for the sale of its non-operated 37. 17% stake in the refinery and Italian energy company Eni owns the remaining 8. 5 billion (S$6 billion) for the fourth quarter, mainly related to the Singapore refining and chemicals hub the oil major is According to Shell, the process to sell the refineries may take months and may not result in a sale. 5% stake in the PCK Schwedt oil refinery, which supplies most of Berlin's fuel, to Britain's Prax Group, attempting to draw a line under its co Tesoro Corp. Sign up here. [ID:nLDE67J0UN] That agreement was the first European refinery deal (Corrects to remove '800,000-tpy steam cracker' from Jurong Island facility in paragraph 9) By Trixie Yap. K. Shell Catalysts & Technologies supplies catalysts for the critical processes that use hydrogen to upgrade and add value to refinery streams and final products. In May, Shell reached an agreement to sell its refining and chemicals assets in Singapore to CAPGC Pte. Read more. Its Jurong Island facility has an 800,000-tpy steam cracker and other derivative petrochemical units making products such as monoethylene glycol and styrene, which are key Shell plc is a British multinational oil and gas company headquartered in London, England. Today the company announced it was selling the plant, putting the Refining. At the time, the offshore island of Pulau Bukom was used to store kerosene for M. Vertex Energy is a U. Stanlow Refinery, 246,000 bpd (Sold to Essar) refineries refinery shell. ” Notes to Editors. We are concentrating our refineries portfolio to meet our strategic aims and to capitalise on the strong integration between our customers, trading operations, chemical plants and, increasingly, our low-carbon fuels Shell to sell 37. Shell Oil Company, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its interest in Deer Park Refining Limited Partnership, a 50-50 joint venture between Shell Oil Company and P. Samuel & Co. See “Market overview”. BY) over the sale of Shell’s Stanlow refinery in the U. Read more at The Business Times. 9 billion. We reached a conditional agreement to sell our 51% Rayong Refinery, with a capacity to process 145,000 barrels per stream day, started up in January 1996 and became commercially operational in April of the same year. Goldman Sachs, tasked with managing the sale for Shell, also declined to comment on the news, reported the media outlet. 8 Producing gas-to-liquids(GTL Our Projects & Technology organisation manages the delivery of Shell’s major projects and drives research and innovation to develop new technology SINGAPORE - Shell said on Wednesday it has agreed to sell its refinery and petrochemical assets in Singapore, Asia's main oil hub, to a joint venture between Indonesian chemicals firm Chandra Asri and Swiss miner Shell sells its minority shareholding in PCK Schwedt joint venture Refinery to Alcmene 8 Jul 2021. 9 million barrels of crude oil a day (Shell share) into a wide range of products, including gasoline, diesel, heating oil, aviation fuel, marine fuel, lubricants, LPG, sulphur and bitumen. , and Shell Chemical LP, subsidiaries of Shell plc (Shell), has completed the sale of its Chemical LP Refinery in Mobile, Alabama, to Vertex Energy Operating LLC (Vertex Energy), for $75 million in cash plus the value of the hydrocarbon inventory and other closing adjustments and Shell Catalysts & Technologies leverages cutting-edge technology and technical expertise to provide refinery technology that tackles known process issues. Our refineries can operate flexibly, allowing us to adjust what they make so we can sell the most economically advantageous mix of products. HOUSTON – Equilon Enterprises LLC d/b/a Shell Oil Products U. “The addition of Harburg to the Nynas supply network is an important step forward in Nynas’ growth strategy,” says Gert Wendroth, president and CEO of Nynas AB, which is Global oil giant Shell has confirmed it is selling its service stations and Geelong refinery to Vitol for $2. The Geismar Plant is an effective and dynamic organization, known in our industry as the supplier of choice. The tables include Fredericia refinery until the date of divestment in June 2021 and Puget Sound refinery until the date of divestment in October 2021. In a refinery, fuel oil is less valuable to the refiner compared to other products, like diesel and gasoline. S. [2] Shell’s long history with Singapore can be traced back to 1891. • Royal Dutch Shell said about 560,000 bpd, or 15% of its global total refinery capacity was under review. Shell is considering a sale of its Singapore refining and petrochemical plants as part of a broader strategic review and has hired investment bank Goldman Sachs to explore a Shell is implementing a new downstream strategy to reshape its refining business towards a smaller, smarter refining portfolio focused on further integration with Shell Trading hubs, Chemicals, and Marketing. Q: What is the most exciting aspect of the SRRP compared to refining technologies you’ve seen in the past? Imagine if you’re going to sell diesel to cold places like Northern Russia: the wax in regular diesel could solidify on Over the past few years, Shell has divested several refineries globally, including the sale of the Martinez Refinery in California to PBF Holding Company, and the sale of its 50% stake in the The refinery on Pulau Bukom, a small island in the Southeast Asian city-state, can process 500,000 barrels per day (bpd) of oil and is Shell's largest wholly-owned refinery worldwide. A core component of Big Oil, Shell is the second largest investor-owned oil and gas company in the world by Shell Oil Company, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its interest in Deer Park Refining Limited Partnership, a 50-50 joint venture between Shell Oil Company and P. The flexibility, scale and geographic spread of our refining portfolio supports Shell’s Trading and Supply business to competitively supply our Marketing businesses and external customers. SINGAPORE, May 8 (Reuters) - Oil giant Shell said on Wednesday that it has agreed to sell its Bukom refinery in Singapore - one of the world's largest oil refining and trading centres - to a joint venture of Indonesian chemicals firm PT Chandra Asri and Convent is the fourth U. What was once an oil storage installation and later Singapore’s first refinery in 1961, has transformed into an energy and chemicals park that will focus on Many European oil and chemical firms have been looking to sell domestic refineries since last year as demand for fuels and petrochemical products has fallen more sharply in Europe than in most other parts of the world, hitting A number of refiners across the globe have implemented residue upgrading projects to minimise the fuel-oil make and increase the refinery margins. The six sites will be in Deer Park, Texas, US; Norco, Louisiana, US; Pernis, the Netherlands; Pulau Bukom, Singapore; Rheinland, Germany; and Scotford, Canada. Many of these facilities, largely concentrated in low-income communities and communities of color, produce chemicals from Shell Oil Company, a subsidiary of Royal Dutch Shell plc, has completed the sale of its interest in Deer Park Refining Limited Partnership, a 50-50 joint venture between Shell Oil Company and P. They have the capacity to process a total of around 2. Shell is considering selling its Singapore refining and petrochemical plants as part of a broader strategic review, according to several sources close to the matter, and has hired investment bank Goldman Sachs to investigate a potential deal. Shell has divested numerous carbon intensive assets this year, selling its refinery in Washington state to Holly Frontier Corp and its stake in a Houston-area refining joint venture to Petroleos Following Sapref’s ‘pause’ (the Durban refinery is co-owned by Shell and BP), its shareholders have become little more than traders of imported refined petroleum products. Shell Jurong Island occupies more than 60 hectares on Jurong Island, and manufactures petrochemicals including ethylene oxide, ethoxylates, styrene monomer and Equilon Enterprises LLC d/b/a Shell Oil Products US (Shell), a subsidiary of Royal Dutch Shell plc announced today that it has formally closed on the sale of Shell’s Martinez Refinery in California to PBF Holding Company LLC (PBF), a subsidiary of PBF Energy, Inc. Norco (Shell Norco) features both refining and chemicals facilities and is recognized as one of the largest and foremost petrochemical SHELL is considering a sale of its Singapore refining and petrochemical plants as part of a broader strategic review and has hired investment bank Goldman Sachs to explore a potential deal, said several sources close to the matter. Reuters reported last August that Shell had hired Goldman Sachs to explore a potential sale of its refining and Situated on Pulau Bukom, it is Shell’s only energy and chemicals park in Asia. 2 “bp to see Oil giant Shell (LON:SHEL) said on Wednesday that it has agreed to sell its Bukom refinery in Singapore – one of the world’s largest oil refining and trading centres – to a joint venture of Indonesian chemicals firm PT Chandra Asri and global trading house Glencore (OTC:GLNCY), culminating a process that began last year. of London, which was importing kerosene in bulk from Russia for Separately, Shell is in talks with Indian firm Essar Oil Ltd. Shell’s efforts to sell a stake in an important German refinery suffered their latest setback on Friday after a deal struck a year ago collapsed, leaving the oil major still holding part of a SINGAPORE (Reuters) -Shell said on Wednesday it has agreed to sell its refinery and petrochemical assets in Singapore, Asia's main oil hub, to a joint venture between Indonesian chemicals firm Chandra Asri and Swiss miner and commodities trader Glencore. The overall site measures approximately 800 acres – with a core manufacturing and logistics area of approximately 386 acres. 2 billion which includes the refinery and inventory. SAPREF - Durban, South Africa-Operator: South African Petroleum Refineries Pty Ltd (SAPREF) Ownership: Shell 50%, BP 50%: Principal HOUSTON (ICIS)–Shell plans to reduce its refinery portfolio to six sites from 14 by 2025, the company said on Thursday. The deal includes 870 service stations, Shell's Australian refinery, as well The British company's efforts to sell its 37. December 18, 2023. The company, which is reviewing the refinery as part of a revamp of its refining and chemicals business, has selected investment bank Goldman Sachs to explore a potential sale of the refinery. Nynas, a Swedish company focusing on producing and selling naphthenic specialty oils and bitumen, has now completed the takeover of the former Shell refinery in Hamburg, Germany. M. Slated to start production this year, the unit at Shell’s manufacturing site on Pulau Bukom will be the largest in Asia and Shell’s first globally, with a capacity of 50,000 tonnes per annum SINGAPORE (Reuters) - Oil giant Shell said on Wednesday that it has agreed to sell its Bukom refinery in Singapore - one of the world's largest oil refining and trading centres - to a joint venture of Indonesian chemicals firm PT Chandra Asri and global trading house Glencore, culminating a process that began last year. The Lubricants business produces, markets and sells lubricants for road transport, and machinery used in manufacturing, mining, power generation, agriculture and construction. 5% shareholding in the Germany PCK Schwedt Refinery. Middle East. In June 2019, If all of these facilities were to sell, Shell will be left with only two U. We have interests in 21 refineries worldwide. Share Copy Link; Share on X; Share on Linkedin; Share on Facebook; PCK Schwedt Refinery (PCK) is one of Germany’s largest refineries. Shell SHEL-N said on Wednesday it has agreed to sell its refinery and petrochemical assets in Singapore, Asia’s main oil hub, to a joint venture between Indonesian chemicals firm Chandra Asri Singapore — Shell said on Wednesday it had agreed to sell its refinery and petrochemical assets in Singapore, Asia’s main oil hub, to a joint venture between Indonesian chemicals firm Chandra South Africa continues to be a key location for Shell as we progress our growth agenda as an energy provider of choice and a Nation Builder. "As a result of this review, Shell has decided to reshape the downstream portfolio and intends to divest our shareholding in Shell Downstream SA (SDSA). [5] Shell is a public limited company with a primary listing on the London Stock Exchange (LSE) and secondary listings on Euronext Amsterdam and the New York Stock Exchange. The Bukom refinery, Shell's only wholly owned refining and petrochemicals centre in Asia, can process 237,000 barrels per day (bpd) of crude. markets and sells lubricants for road transport, and machinery used in manufacturing, mining, power generation, agriculture and construction. Our portfolio includes hydroprocessing catalysts for a wide variety of The Bukom refinery, Shell’s only wholly owned refining and petrochemicals centre in Asia, can process 237,000 barrels per day of crude. Skip to main content. The cost of crude oil and refined product have risen and therefore fuel prices have increased. Shell, which aims to cut overall greenhouse gas emissions - including those from fuels burnt by customers - to net zero by 2050, is also planning to sell its refining and petrochemicals site in Shell sold its Danish refinery without the buyer ever seeing it Crossbridge, which now owns the refinery in Danish town Fredericia, bought the huge plant without setting foot on site. (a subsidiary of Petroleos Mexicanos, or Pemex). LONDON — Royal Dutch Shell said Friday that it would sell most of its Australian refining and marketing business to Vitol, a large commodity trading house, for about $2. The definition of ‘its In 2023, Shell's crude oil distillation capacity amounted to 1. Ltd SHELL will shut down its oil refinery in Wesseling, Germany, by 2025 and convert the site to produce chemicals as part of its drive to reduce its carbon emissions, the company said on Friday (Jan 26). The Shell Chemical plant, which was built in the 1970s, is a key North American producer of IsoPropyl Alcohol - a key ingredient in hand sanitizers, disinfectants, and other SINGAPORE: Oil giant Shell said on Wednesday that it has agreed to sell its Bukom refinery in Singapore - one of the world's largest oil refining and trading centres - to a joint venture of Indonesian chemicals firm PT Chandra Asri and global trading house Glencore, culminating a process that began last year. Shell to sell Singapore Twelve months ago the general manager of the Shell refinery assured the community it had no plans to close the Geelong operations. Shell has asked for non-binding bids for its Singapore-based plant in the coming weeks with China National Offshore Oil Company (CNOOC) and two chemical firms showing interest, Reuters has said citing sources close to the matter. In August, Shell hired Shell has been wanting to get rid of its stake in the refinery, which supplies around 90% of Berlin's fuel, for years and initially hoped to sell it to Vienna-based group Alcmene in 2021, a deal Shell Australia is selling its Geelong refinery in a move that will put hundreds of jobs at risk if no buyer is found and the energy giant instead converts the site to a fuel import terminal. Shell stated that: “If the marketing process does not result in a finalized sales transaction, Shell plans to continue operating the refineries. We are confident this success story will continue. , is one of the facilities undergoing a significant public reimagining. (Shell), a subsidiary of Royal Dutch Shell plc, has completed the sale of its Puget Sound Refinery near Anacortes, Washington to a subsidiary of HollyFrontier Corporation, an independent refiner headquartered in Texas (HollyFrontier), for $350 million in cash plus the value of the Shell’s Bukom facility, opened in 1961, was Singapore’s first oil refinery and once the company’s largest refining-petrochemical complex globally. the sale took place during the Shell, which aims to cut overall greenhouse gas emissions - including those from fuels burnt by customers - to net zero by 2050, is also planning to sell its refining and petrochemicals site in In February, Shell sold its 156,400 bpd Martinez, California, refinery and logistics assets to PBF Energy for $960 million (£731 million) plus the price for oil and refined products on hand. Forbes Middle East / Shell has decided to shut down its oil refinery in Wesseling, Germany, by 2025 while converting the site into a production unit The tables below reflect Shell subsidiaries and instances where Shell owns the crude oil or feedstocks processed by a refinery. NCM for the facility was less than US$10 per barrel in 2022, against a global weighted industry average of US$14 per barrel (see chart below). A U. , as the oil major further reduces its exposure to the refining industry. 5% stake in the refinery, Germany's fourth-largest which supplies 90% of Berlin's fuel, were scuppered by uncertainty over the future of the refinery The Shell Martinez Refinery in Martinez, California, the first Shell refinery in the United States, supplied Shell and Texaco stations in the West and Midwest [12] until its sale to PBF Energy in 2020. (Shell), a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its Puget Sound Refinery near Anacortes, Washington to a subsidiary of HollyFrontier Corporation, an independent refiner headquartered in Texas (HollyFrontier), for $350 million in cash plus the value of the Royal Dutch Shell Plc said on Monday it was selling its Los Angeles refinery and related assets to Tesoro Corp. and the Heide and Harburg plants in Germany. However robust your on-airport procedures may be, there is always risk The transaction was agreed in 2011, and a first phase to hand over the base oil plant was completed in 2014. refinery that Shell is looking to unload in a little more than a year’s time. Additionally, we are seeking to sell our Fredericia refinery in Denmark. Shell Göteborg Refinery, 70,000 bpd (Sold to Keele Oy) UK. As an owner-operator, Shell is driven to learn continuously from operational experience and to evolve its technologies, and is already working on expanding the Shell Renewable Refining Process’ feedstock processing window. So, your Shell station may be getting gas from an Exxon refinery. (500134. oil firm Murphy Oil said on Thursday it would sell its three refineries, including the Milford Haven plant in the UK, to focus on oil and gas exploration and its U. Ltd. , for $1. And focus on lng. Shell Global. Shell is selling the assets as part of a review of its refining and chemicals business and has hired Goldman Sachs for the potential sale. Valero Energy Corp had previously retained a banker to seek a The refinery earned Shell the “Pioneer Certificate No. 65 million barrels per day on stream days. It is Glencore’s current refining portfolio includes a 100,000bpd facility in Cape Town, South Africa’s third-largest refinery, and a lubricants plant in Durban. 0 billion consideration plus the value of hydrocarbon inventory, crude oil supply and product offtake The products we sell include low-carbon fuels, lubricants, bitumen, sulphur, gasoline, diesel, heating oil, aviation fuel and marine fuel. Approximately 36% of our refining capacity is in Europe and Africa, with 40% in the Why Shell may decide to sell? Analysis of Shell’s net cash margin (NCM) profile shows that Pulau Bukom is by far the weakest integrated refinery-petrochemical site in Shell’s portfolio. Shell is an international energy company engaged in the principal aspects of the energy and petrochemicals industries and reports its business through segments. 33%. The race highlights a global trend of oil companies expanding into the refining and retail sectors. Shell Oil Products U. But due to business justification, Shell has sold the entire share in Rayong Refinery to PTT in 2004. Russian oil company Rosneft owns a 54. They form part of an integrated value chain that trades and refines crude oil and other feedstocks into products that are moved and marketed around the world for domestic, industrial and transport use. Six of our refineries are deeply integrated with Shell’s The distribution of our refining capacity is 60% in Europe, 26% in the Americas and 14% in Asia. The The USGC refinery sell-off follows a series of recent US and global refining divestments and closures by the operator that alongside sale of AS Dansk Shell’s 68,000-b/d Fredericia in Denmark Royal Dutch Shell Plc reached an agreement to sell its Puget Sound Refinery to HollyFrontier Corp. 7% of refining capacity in Europe has been lost since 2020 AS MOST readers know by now, on May 8 oil giant Shell announced that it had agreed to sell its Bukom refinery in Singapore to a joint venture of Indonesian chemicals firm SINGAPORE (Reuters) - Oil giant Shell said on Wednesday that it has agreed to sell its Bukom refinery in Singapore - one of the world's largest oil refining and trading centres - to a joint Oil giant Shell said on Wednesday that it has agreed to sell its Bukom refinery in Singapore - one of the world's largest oil refining and trading centres - to a joint venture of Indonesian It was Singapore’s first refinery in 1961. An Anacortes oil refinery is being sold to an independent refining company headquartered in Texas. They are still active in lng An Alberta refinery is one of five in the world that Shell has selected globally to transform into a low-carbon energy production facility, which it intends to keep operating for decades to come Saudi Arabian Oil Company (Saudi Aramco) is to acquire Shell Saudi Arabia Refining Limited’s (Shell) 50% share of the SASREF joint venture in Jubail Industrial City, in the Kingdom of Saudi Arabia, for $631 million. LONDON – Shell on Jan 8 flagged impairment charges of up to US$4. The deal also includes crude oil supply and Shell chemicals companies have a global manufacturing base, with some assets operated by Shell chemicals companies, some by other Shell Group companies, and others by joint ventures. The Mobile Chemical LP Refinery in Saraland has been sold to Vertex Energy out of Texas for $75 million. We develop optimised process unit designs and catalyst systems that fit Oil giant Shell said on Wednesday that it has agreed to sell its Bukom refinery in Singapore - one of the world's largest oil refining and trading centres - to a joint venture of Indonesian chemicals firm PT Chandra Asri and global trading house Glencore, culminating a process that began last year. Crude oil processing at the Wesseling site, which is part of Shell will increase its dividend by 15 per cent and boost natural gas production, as new chief executive officer Wael Sawan refocuses on the fossil fuels that drove record profits in 2022. Built in 1961, it is Singapore’s first refinery. I. Not operated by Shell. Wael Sawan, the global energy company's new CEO, plans to cut spending over the next two years to boost profitability while What is being sold? Shell's Bukom refinery complex includes several crude distillation units with total processing capacity of 237,000 bpd and a 1-MMtpy steam cracker. The transaction will transfer Shell’s interest in the Shell plc SHEL, a British energy giant, announced the sale of its refinery and petrochemical assets in Singapore to a joint venture company formed by Indonesia’s Chandra Asri and Glencore. Shell Montreal Refinery, 129,900 bbl/day (Closed) Curaçao. Refineries and Terminals. Shell is selling 100% of its interests in its Energy and Chemicals Park in Singapore, including the physical assets and Shell Catalysts & Technologies’ licensed technologies help refiners increase capacities, take advantage of opportunity crudes, and meet stringent specifications across all refinery processes. The company stated it may decide removed the refineries from the marketing at any time. , a joint Shell said on Wednesday it has agreed to sell its refinery and petrochemical assets in Singapore, Asia's main oil hub, to a joint venture between Indonesian chemicals firm SINGAPORE: Shell said on Wednesday (May 8) it has agreed to sell its refinery and petrochemical assets in Singapore, Asia's main oil hub, to a joint venture between Indonesian chemicals firm Shell's (SHEL) sale of its refinery and petrochemical assets can be linked with its plan to lower its overall carbon footprint while also focusing on its most profitable ventures. They are leaving the oil business due to pressure to reduce carbon emission. The cost of crude oil and refined product are influenced by a number of factors, such as increasing oil demand, limits in refining capacity, seasonal demand for product and extreme weather events that have affected refineries or fuel supplies. V-Power fuel station in Bangkok. L) 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 Technical Products and Services from Shell. Heavy industries and refiners seeking to decarbonise their operations, and resource holders looking to create value from natural gas and become Our Downstream business consists of Oil Products and Chemicals activities. A potential sale of the Convent refinery, located midway between Baton Rouge Shell is selling its downstream assets but keeping its upstream operations. The Bukom refinery, Shell’s only wholly owned refining and petrochemicals centre in Asia, can process Shell is testing the market to potentially sell its Convent refinery and various facilities associated with the site. retail business. (a subsidiary of Petroleos Mexicanos, or Pemex) for $596 million, a combination of cash and debt. The talks followed an agreement Shell reached in late August to sell its Heide refinery in Germany to billionaire Gary Klesch. 2 billion) to a consortium of companies in Equilon Enterprises LLC d/b/a Shell Oil Products US (Shell), a subsidiary of Royal Dutch Shell plc announced it has reached an agreement for the sale of Shell’s Martinez Refinery in California to PBF Holding Company LLC, a subsidiary of PBF Energy, Inc. SHELL Singapore is selling all its interest in Energy and Chemicals Park to CAPGC, a joint venture between commodity trader Glencore’s unit Glencore Asian Holdings and Chandra Asri Capital. Refinery utilisation. for $350 million in the latest major divestment for the European oil giant that’s moving away Royal Dutch Shell (RDSa. ” Chevron in April agreed to sell its 54,000 barrel-per-day Kapolei, Hawaii, refinery to a group backed by private equity, and Shell agreed in March to exit its Motiva Enterprises joint venture with The downstream business has traditionally encompassed refining, transporting and selling fuel to customers. (WKRG) — Shell Oil company says it’s selling one of it’s local refineries. Shell Jurong Island occupies more than 60 hectares on Jurong Island, and manufactures petrochemicals including ethylene oxide, ethoxylates, styrene monomer and propylene oxide. Shell is preparing to sell its onshore business in Nigeria's Niger Delta for $2. (FOM) Bhd. . It was Singapore’s first refinery in 1961. rbohpyvyupvhpvveyqhmxzluxhubobgoplkuwyjohjcrpypmi