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Shell selling Convent refinery
Posted on 7/7/20 at 10:41 am
Posted on 7/7/20 at 10:41 am
Officially announced today, and there is at least one prospective buyer.
LINK - Reuters
LINK - Reuters
This post was edited on 7/7/20 at 5:26 pm
15
Posted on 7/7/20 at 10:42 am to wileyjones
quote:Chicken?
at least one prospective buyer.
Posted on 7/7/20 at 10:42 am to wileyjones
That place has had quite a few names.
Posted on 7/7/20 at 10:43 am to wileyjones
Link? Source? Something?
Posted on 7/7/20 at 10:43 am to wileyjones
Shell Norco is for sale or Motiva Convent?
Posted on 7/7/20 at 10:45 am to wileyjones
No surprise at all. Shell has been dumping refineries all over the place for the past few years.
What's strange with how this will all play out is that when that refinery was under the Motiva name, they spend a shitload of money running three piplelines to Norco with the intent of shutting down the Convent FCCU and sending feed to Norco.
When Shell took over full ownership, they decided to keep the Convent FCCU running.
What's strange with how this will all play out is that when that refinery was under the Motiva name, they spend a shitload of money running three piplelines to Norco with the intent of shutting down the Convent FCCU and sending feed to Norco.
When Shell took over full ownership, they decided to keep the Convent FCCU running.
Posted on 7/7/20 at 10:46 am to TheWiz
Shell Convent is for sale. Shell is keeping Norco.
Posted on 7/7/20 at 10:48 am to TheWiz
quote:
Motiva Convent?
It's been Shell for three years or so now. Same with Norco, which was also Motiva.
Posted on 7/7/20 at 10:49 am to TheWiz
quote:
Shell Norco is for sale or Motiva Convent?
I'm pretty sure Shell bought Motiva Convent. Now OP is saying they are selling. Hell, it wasn't that long ago they bought it.
Posted on 7/7/20 at 10:50 am to SouthEndzoneTiger
Shell took full ownership May 1st, 2017
Posted on 7/7/20 at 10:55 am to SouthEndzoneTiger
Not really. Motiva was a 50/50 joint venture between Shell and Saudia Aramco so what they basically did was buy out Motiva’s interest.
I’m still amazed that the Saudis didn’t go buy some other US assets over the last three years. They just have Port Arthur and some pipelines and terminals as of now
I’m still amazed that the Saudis didn’t go buy some other US assets over the last three years. They just have Port Arthur and some pipelines and terminals as of now
This post was edited on 7/7/20 at 10:56 am
Posted on 7/7/20 at 10:55 am to notiger1997
They may now.. ??
Posted on 7/7/20 at 10:56 am to SouthEndzoneTiger
"Wasn't long ago they bought it."
It was a JV with Aramco.
Shell took full ownership of convent and Norco. Aramco got port Arthur.
It was a JV with Aramco.
Shell took full ownership of convent and Norco. Aramco got port Arthur.
Posted on 7/7/20 at 10:57 am to whackinandstackin
Im not sure how bad they they are cash wise with what has happened around the world, but I bet they could find some deals.
Hell it might be Motiva that is interested in buying Convent. LOL
Hell it might be Motiva that is interested in buying Convent. LOL
This post was edited on 7/7/20 at 11:03 am
Posted on 7/7/20 at 10:57 am to wileyjones
Who could you see buying it?
Posted on 7/7/20 at 11:03 am to wileyjones
Would assume Aramco (Motiva) is the buyer
This post was edited on 7/7/20 at 11:05 am
Posted on 7/7/20 at 11:03 am to notiger1997
Well I'm fricking offended that Shell is building an enormous $6 billion dollar Cracker Plant in Pa..
Posted on 7/7/20 at 11:06 am to tgrbaitn08
It will be well over $6 billion
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