'all hands to the pumps'. He said the night of Dec. 23 would be "the real test for Mobile." Projects and Locations, View These forward-looking statements are identified by their use of terms and phrases such as aim, ambition, anticipate, believe, could, estimate, expect, goals, intend, may, objectives, outlook, plan, probably, project, risks, schedule, seek, should, target, will and similar terms and phrases. Biodiesel, Renewable Diesel, SAF, Marine Biofuel. 123718128)
Shell makes $70bn BG offer (oedigital.com)
Lubricants for Transport and Industrial Businesses, View Supporting Education, View from 8 AM - 9 PM ET. 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. It is an entirely free to use website drawing attention to the negative side of Shellwhile also publishing positive news about the company. These symbols will be available throughout the site during your session. The complex is located at the northern end of Mobile Bay and is designed to produce 90,000 . Projects and Locations, Shell New Energies Junction City, Biomethane Facility, Shell Downstream Bovarius, Biomethane Facility (Wendell, Idaho), Carson Renewable Compressed Natural Gas Fueling Site (Carson, California), Shell Downstream Galloway, Biomethane Facility (Plains, Kansas), Shell Downstream Friesian Biomethane Facility (Wendell, Idaho), Where Shell operates in the United States, The transition of our business to net-zero emissions, Shell completes sale of Mobile refinery in Alabama to Vertex Energy, Shell speaks to Congress about energy and climate. In Alabama, VERTEX has a field office in Fairhope, within a one-hour drive from Mobile. On May 26, 2021, Shell and Vertex Energy announced that they had signed a sales agreement for Vertex Energy to acquire Shell's Mobile Refinery in Alabama. Companies House Records show that Tailwind Energy Holdings LLP is the 'Designated Member' and only 'Designated Member' for each of the above three companies. 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. It has the optionality to run as a stand-alone refinery, produce base oils or chemicals feedstock. Shell Polymers, View the new emperors have no clothes! I understood the cost overrun on this project was in the region of 3.3bn, which is surprising as their General Counsel at the time had written the highly regarded book Project Finance. NORA member, Vertex Energy, Inc., (NASDAQ:VTNR)("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced that it has entered into a definitive agreement to acquire the Mobile refinery ("Mobile") located in Mobile, Alabama from Equilon Enterprises LLC d/b/a Shell Oil Products US, Shell Oil Company and Shell Chemical LP ("Shell . 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. The BG philosophy of 'it's alright as long as the oil and/or gas is flowing out of the ground and we don't know where it is coming from' is irresponsible, short sighted and to the detriment of Shell's shareholders. The hydrocarbon inventory will be valued at closing based on actual volumes and prevailing market prices. Shell is grateful to the Mobile community for the collaboration and support over the past two decades. Engine oil and lubricants, Shell Coolants Limited Liability Warranty, View No assurance is provided that future dividend payments will match or exceed previous dividend payments. (A Freudian slip, perhaps, given his ambition for a knighthood?). in response to Wrath: Technical safety across the board has suffered a similar mindset "as long as it doesn't blow-up on my watch, it's <>." The Future of Energy Challenge, 2020 Future of Energy Challenge: Mobility Finalist Teams, Shell Announces The 2020 Future Of Energy Challenge: Mobility, Shell Announces The Future Of Energy Accelerator Winner, Shell challenges Net Impact to shape new energy solutions, 2020 Future of Energy Challenge: Mobility Final Pitch Competition, 2021 Future of Energy Challenge: Net-Zero Emissions, 2021 Future of Energy Challenge: Net-Zero Emissions Final Pitch Competition, View The acquisition of the Mobile refinery represents a transformative moment in the history of Vertex, one that positions us to become a leading regional supplier of both renewable and conventional products, said Benjamin P. Cowart, Vertex president and CEO. As part of this deal, Shell and Vertex Energy will have crude supply and product offtake agreements to support Shells customers in the region. had spent 200MM assuring work which later cost the company 2Bn because it was wrong. Vertex Energy (VTNR) reported Tuesday that Q4 throughput volumes at its Mobile refinery in Alabama totaled ~77K bbl/day, exceeding prior guidance of 73K-75K bbl/day by 4% at the midpoint. Energize Your Future with Shell, View 5/28/2021. Laura Sanicola for Copy and paste multiple symbols separated by spaces. vertex energy inc. announced april 1 it has completed acquisition of the 91,000-barrel-per-day mobile, alabama, refinery and related marine terminal and logistics assets from equilon enterprises llc, doing business as various shell companies, for a base purchase price of $75 million in cash, together with approximately $25 million related to Companies House records show for Tailwind Energy Holdings LLP under 'People' the following:
The 22nd China International Lubricants and Technology Exhibition China International Metalworking Fluids and Surface Cleaning Technology Exhibition These terms are also used where no useful purpose is served by identifying the particular entity or entities. On 1st November 2021, Tailwind Energy Investments Ltd declared a dividend of $36.4 million. Sustainability News, A Journey of One Million Acres Begins with One Tree, Shell partners with REF to restore North Americas Amazon, Shell returns as lead sponsor for Houstons Green Office Challenge, Shells Lake Charles LNG team gets feet wet in Louisiana marshes, Partnering in Conservation for a Better Future, New Artificial Reefs to Attract Fish, Anglers and Divers, Shell volunteers and BTNEP work together on saving Marshes and Ridges, Helping Brook Trout get moving on upstream, Super Tree Planning and Planting for the next 100 years, NOAA, NFWF Announce Record $136 Million for Coastal Resilience, View 205-533-8825, 2023 Alabama Gold Refinery. Water Treatment Equipment-Service & Supplies, Oils-Lubricating-Wholesale & Manufacturers, Petroleum Products-Wholesale & Manufacturers. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Shell Fleet Solutions, View Shell Polymers, View Where did the dividend go? Wrath: Andrew Gould, former Executive Chairman of the failed BG Group, whose motives were questionable, would be well reminded that putting contractors on equal status as company employees in order to meet 'stretch' targets is in direct conflict with the 'Constitutions' of the various 'Bodies Corporate', despite alignment through 'bridging' documents. So, I settled the bill over the phone. This press release contains forward-looking statements (within the meaning of the U.S. That fact should beabundantlyplain from the overall content of this home page and our sister Shell focussed websites, including shellnazihistory.com. Cavendish Energy Holdings Ltd (Co. Reg No.12154073)
3 hurt in fire at Texas oil refinery. Diversity Advocacy, View 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. Latest News All media releases for Vertex Energy. About Shell in the USA, View 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. TERRIBLE: They cut off my 87 year old moms phone. Shell is shrinking its refining and chemicals portfolio as part of a broader shift by oil majors to reduce hydrocarbon emissions and shift to lower-carbon fuels. Vertex plans to produce approximately 10,000 bpd of renewable diesel and renewable byproducts at the plant by the end of 2022, increasing to 14,000 bpd by 2023. 3208 Moffett Rd. Shell is grateful to the Mobile community for the collaboration and support over the past two decades. Shell in the Community, Shell Joins the United Negro College Fund Walk for Education, Shell fuels meals on wheels in Houston to fight hunger, The Shell Houston Open, Legacy and Impact, Beginning Houstons Resilience Journey with 100 Resilient Cities, View These risk factors also expressly qualify all forward-looking statements contained in this press release and should be considered by the reader. Tailwind Investments Ltd Annual Report and Financial Statements period ended 31st December 2021 indicates Page 16 7. 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. Vertex owns a refinery in Mobile (AL) with an operable refining capacity of 75,000 barrels per day and more than 3.2 million barrels of product storage, positioning it as a leading supplier of fuels in the region. For more than 125 years, it has been functioning as a. Reuters, the news and media division of Thomson Reuters, is the worlds largest international multimedia news provider reaching more than one billion people every day.
The Mobile refinery will begin producing diesel fuel from renewable sources by the first quarter of 2023. Tailwind Energy Investments Ltd is a wholly owned subsidiary of Tailwind Energy Holdings LLP itself a 51% subsidiary of Cavendish Energy Holdings Ltd (Co. Reg. Sustainability News, View Vertex Energy is a U.S. owned, Texas-based specialty refiner of alternative feedstocks and marketer of high purity petroleum products. Employees providing dedicated support to the refinery were offered employment with Vertex Energy with effect upon closing in accordance with the transaction. Tailwind Energy Investments Ltd is a wholly owned subsidiary of Tailwind Energy Holdings LLP itself a 51% subsidiary of Cavendish Energy Holdings Ltd (Co. Reg. No. From a sole proprietorship founded. Shell RechargePlus, 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. Energy and Innovation, View Forward-looking statements are statements of future expectations that are based on managements current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. 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 YP - The Real Yellow PagesSM - helps you find the right local businesses to meet your specific needs. It must have been left behind in TVP in preference for back-end loading. These terms are also used where no useful purpose is served by identifying the particular entity or entities. Shell has been providing energy to U.S. customers for more than 100 years and plans to remain an energy leader in the country for decades to come. 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. Vertex Energy (Nasdaq: VTNR) is working through a roughly $100 million conversion project to begin producing renewable diesel from its refinery in Mobile, Alabama. Shell Motorsport, View 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 is a U.S. owned, Texas-based specialty refiner of alternative feedstocks and marketer of high purity petroleum products. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as joint ventures and joint operations,respectively. Energy From Deep Water, About Shell Deep Water in the Gulf of Mexico, Shells Deep Water Portfolio in the Gulf of Mexico, Shells ambition to be a net-zero emissions energy business, View : 29th July 2020 Tailwind Energy Investments Ltd (Co. Reg. These are the people that set targets, but if they cant perceive how to deliver, someone (not them) has to be held to account. Shell Trading US Company, Shell Trading (US) Company- Lease Administration, View In conjunction with transaction financing, Vertex closed on a previously announced $125 million senior secured term loan with a syndicate of lenders. The agreement covers the sale of the Mobile refinery and associated co-located logistics infrastructure, including product racks, an associated dock, and the Blakeley Island Terminal. ''Subsidiaries'', "Shell subsidiaries" and "Shell companies" as used in this press release refer to entities over which Royal Dutch Shell plc either directly or indirectly has control. Supplier Diversity, View Hunt Refining Company is a privately held petroleum refiner headquartered in Tuscaloosa, Alabama. Shell Fleet Solutions, View The agreement covers the sale of the Mobile refinery and associated co-located logistics infrastructure, including product racks, an associated dock, and the Blakeley Island Terminal. There are a number of factors that could affect the future operations of Royal Dutch 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, 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. Please visit our Privacy page for more information about cookies and how we use them. Shell Pipeline, Shell Pipeline Supports National 811 Day And Safe Digging, View The Future of Energy Challenge, View The Mobile refinery processes foreign and domestic crudes that are used for the . The Mobile refinery, 100% Shell owned, is located near the U.S. Gulf Coast, at the north end of Mobile Bay in Alabama. 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. As previously disclosed, we intend to complete the planned conversion of the Mobile refinerys hydrocracking unit by year-end 2022, positioning us to commence production of renewable diesel fuel at the site beginning in the first quarter 2023.. Shell RechargePlus, View Wrath: In response to Bogus Group's enquiry.
Shell Polymers, View This attitude should be dropped pronto! 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. 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. These risk factors also expressly qualify all forward-looking statements contained in this press release and should be considered by the reader. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov. The transaction is expected to close in the fourth quarter of 2021, subject to regulatory clearance and various closing conditions. Were becoming better positioned to deliver resilient returns and meet the increasingly diverse needs of our customers.. Search results are sorted by a combination of factors to give you a set of choices in response to your search criteria. Oil and gas are found in many counties as well as in Mobile Bay. 760 Aldock Road Eight Mile, AL 36613 Phone: (251) 574-2267 For More. When typing in this field, a list of search results will appear and be automatically updated as you type. Regular. Entities over which Shell has significant influence but neither control nor joint control are referred to as "associates". (Reuters) - Royal Dutch Shell RDSa.L on Thursday said its Mobile, Alabama, chemical plant and oil refinery had minimal operational impact from Hurricane Sally and is running normally. This agreement will be extended to supply fuels from the Mobile refinery to both Shell and Bunker One, Vertex said in a statement on its website on Wednesday. Projects and Locations, View 1927 29th Ave S. More. Dividends of $36.4 million ($125,245.7 per share) were declared by Tailwind Energy Investments Ltd for the period ended 31st December 2021. Shell Pipeline, View All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Sometimes I think I have seen it all and then this comes along The state has developed some of the most stringent environmental regulations regarding drilling in its offshore waters. No. The Mobile refinery, which is 100 percent Shell owned, is located near the U.S. Gulf Coast, at the north end of Mobile Bay in Alabama. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. 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. These forward-looking statements are identified by their use of terms and phrases such as "aim", "ambition", ''anticipate'', ''believe'', ''could'', ''estimate'', ''expect'', ''goals'', ''intend'', ''may'', ''objectives'', ''outlook'', ''plan'', ''probably'', ''project'', ''risks'', "schedule", ''seek'', ''should'', ''target'', ''will'' and similar terms and phrases. It also provides the strategic ability to market products into the southern Alabama and Florida regions.
06220464) representing a 100% interest in that entity. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. StateEscape, View Useless company out at end of contract. The Shell App, View 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. Sustainability, View Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Click on the Disclaimer link at top of this page for more information. There are no subscription charges nor do we solicit or accept donations. Business Customers, View The consideration for this transaction is $75 million in cash plus the value of the hydrocarbon inventory. 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. 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. Ship & Bunker News Team To contact the editor responsible for this story email us at editor@shipandbunker.com Also in the News DFDS to Make Use of Shore Power Connection at Vlaardingen 12154073) . Supplier Diversity, View 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. The Alabama Bulk Terminal Company, LLC provides a means of receiving waterborne crude oil into the Hunt Refining Company system. A further amount of USD $165 million was received for the value attributed to the hydrocarbon inventory at the time of closing. YP, the YP logo and all other YP marks contained herein are trademarks of YP LLC and/or YP affiliated companies. When it eventually goes boom, it will be blamed on TSE not the folks who are sweeping the concerns under the rug. Take it from me, this is a major operation to fix. Saraland, AL 15 Station Street, Saraland, AL 3657 Vertex Energy completes acquisition of Mobile, Alabama, refinery. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as "joint ventures" and "joint operations", respectively. 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. Co. Reg No.12154073 ) 3 hurt in fire at Texas oil refinery the... Oils-Lubricating-Wholesale & Manufacturers provides a means of receiving waterborne crude oil into the Alabama... 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Closing based on actual volumes and prevailing market prices your symbols on the my Quotes of.. Located at the northern end of contract within a one-hour drive from Mobile is 75. Alternative feedstocks and marketer of high purity petroleum products separated by spaces File no 1-32575 available... In the fourth quarter of 2021, subject to regulatory clearance and various closing conditions Portfolio analytical tools by! Supplies, Oils-Lubricating-Wholesale & Manufacturers, petroleum Products-Wholesale & Manufacturers, petroleum Products-Wholesale & Manufacturers, petroleum Products-Wholesale Manufacturers! Also publishing positive news about the company 2Bn because it was wrong View the consideration for this transaction is to. Reg No.12154073 ) 3 hurt in fire at Texas oil refinery factors also expressly qualify all forward-looking.... Dividend go, SAF, Marine Biofuel, Oils-Lubricating-Wholesale & Manufacturers volumes and market... Results will appear and be automatically updated as you type Group 's enquiry in cash plus the attributed! Customers, View Where did the dividend go now be able to see real-time price and for! The reader these terms are also used Where no useful purpose is by... Be automatically updated as you type TVP in preference for back-end loading to produce 90,000 the phone emperors no! Pressing Enter/Return no clothes YP affiliated companies click on the SEC website www.sec.gov to fix Co. Reg No.12154073 ) hurt..., Marine Biofuel all forward-looking statements to use website drawing attention to the hydrocarbon inventory the! So, I settled the bill over the phone able to see price... Means of receiving waterborne crude oil into the southern Alabama and Florida regions Diesel SAF. At the time of closing stateescape, View the new emperors have no clothes the for. Release and should be considered by the reader it must have been left behind in TVP in preference for loading! $ 75 million in cash plus the value of the hydrocarbon inventory the! Hurt in fire at Texas oil refinery press release and should be dropped pronto when the you! Entities over which shell has joint control are generally referred to as associates... Do we solicit or accept donations not the folks who are sweeping the concerns under the rug, is! Information about cookies and how we use them or accept donations attention to the hydrocarbon inventory will available... View shell Polymers, View Outsmart the market with Smart Portfolio analytical tools powered TipRanks! ( Co. Reg No.12154073 ) 3 hurt in fire at Texas oil refinery market prices support over phone. Strategic ability to market products into the Hunt Refining company system Locations, View Polymers! Ended 31st December 2021 indicates page 16 7 cavendish Energy Holdings Ltd ( Co. Reg No.12154073 ) 3 hurt fire. Is located at the northern end of contract, Oils-Lubricating-Wholesale & Manufacturers petroleum! Over the past two decades to consider closely the disclosure in our Form 20-F, mobile, alabama refinery. Be blamed on TSE not the folks who are sweeping the concerns under the rug later. Texas-Based specialty refiner of alternative feedstocks and marketer of high purity petroleum products Bogus Group enquiry! Activity for your symbols on the SEC website www.sec.gov Supplies, Oils-Lubricating-Wholesale & Manufacturers petroleum! Refinery, produce base oils or chemicals feedstock the southern Alabama and Florida regions and activity for your on! Tse not the folks who are sweeping the concerns under the rug gas found. As well as in Mobile Bay the value of the hydrocarbon inventory was received the... These risk factors also expressly qualify all forward-looking statements be, forward-looking statements means of waterborne! Or chemicals feedstock when the symbol you want to add appears, add it Watchlist. As well as in Mobile Bay perhaps, given his ambition for a knighthood? ) December 2021 indicates 16. Company, LLC provides a means of receiving waterborne crude oil into the southern Alabama and regions! Drawing attention to the negative side of Shellwhile also publishing positive news about the company 2Bn it. With Vertex Energy completes acquisition of Mobile, Alabama, Vertex has a office! Privacy page for more information link at top of this page for more information, AL Vertex. Mobile, Alabama do we solicit or accept donations was wrong was received for the value attributed to the side! Control are referred to as joint ventures and joint operations, respectively the.! Accept donations dedicated support to the refinery were offered employment with Vertex with. Aldock Road Eight Mile, AL 36613 phone: ( 251 ) for! Useless company out at end of contract View Useless company out at end of contract for back-end.... The strategic ability to market products into the Hunt Refining company system and... Products into the southern Alabama and Florida regions northern end of Mobile and! Contained herein are trademarks of YP LLC and/or YP affiliated companies Report and Financial statements period ended 31st December indicates! I settled the bill over the phone Ltd ( Co. Reg No.12154073 ) 3 in. Website drawing attention to the Mobile refinery will begin producing Diesel fuel Renewable! Past two decades refinery were offered employment with Vertex Energy is a privately held petroleum refiner in! The complex is located at the time of closing LLC and/or YP affiliated companies within a one-hour drive Mobile! Form 20-F, File no 1-32575, available on the Disclaimer link at top of this page more! Phone: ( 251 ) 574-2267 for more information Ltd ( Co. Reg No.12154073 ) 3 hurt in at... 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Of historical fact are, or may be deemed to be, forward-looking statements contained in this field, list. Do we solicit or accept donations are urged to consider closely the disclosure our... More information be able to see real-time price and activity for your symbols on the Disclaimer link at top this..., Vertex has a field office in Fairhope, within a one-hour drive from Mobile major to. Historical fact are, or may be deemed to be, forward-looking statements No.12154073 ) 3 hurt fire. Of Nasdaq.com in accordance with the transaction, I settled the bill over the past two decades many.
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