The Shell Puget Sound Refinery is a refinery located in Anacortes, Washington. It is the only oil refinery in Washington state. The refinery is owned and operated by Shell Oil Company.
The refinery has a capacity of 139,000 barrels per day. It produces a variety of products, including gasoline, diesel fuel, Jet A fuel, propane, and asphalt. The refinery also has a petrochemical plant, which produces various petrochemical products.
The refinery is a major employer in the Anacortes area. It employs approximately 350 people.
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Who bought Shell Puget Sound Refinery?
On Wednesday, August 2, 2017, the Shell Puget Sound Refinery was sold to Phillips 66 for $1.5 billion.
The Shell Puget Sound Refinery is located in Ferndale, Washington, and it is the largest oil refinery on the west coast of the United States.
The Phillips 66 company is based in Houston, Texas, and it is a Fortune 100 company with more than $50 billion in assets.
The sale of the Shell Puget Sound Refinery to Phillips 66 is expected to be finalized in the fourth quarter of 2017.
Where does Puget Sound Refinery get its oil?
Puget Sound Refinery is a refinery located in Anacortes, Washington. The refinery has a production capacity of 160,000 barrels per day. It processes mainly light, sweet crude oil, but also processes some heavy, sour crude oil.
The refinery gets its oil from a variety of sources. It receives oil from Alaska, Canada, and the Gulf of Mexico. It also receives oil from domestic production in the Midwest and from international sources.
Who bought Shell Deer Park refinery?
Shell Deer Park refinery was recently sold to a group of buyers. This refinery is one of the largest in the world and has been operational for many years. The new buyers are hoping to continue running the refinery and keep it operational for many more years.
The refinery was sold for a price of $1.9 billion. The new buyers are a group of investors that have experience in the energy industry. They are hoping to keep the refinery running and profitable.
The refinery is a major part of the economy in the area. It employs many people and provides a valuable service. The new buyers are hoping to keep it running and continue to provide jobs and economic growth.
Who bought the Shell refinery in Anacortes Washington?
The Shell refinery in Anacortes Washington was recently bought by a company called WesPac. The refinery has been operational since 1907 and has a production capacity of around 110,000 barrels per day. WesPac is a company that is based in California and specializes in the transportation and storage of oil and natural gas.
The purchase of the Shell refinery by WesPac is seen as a strategic move by the company. It will give WesPac a foothold in the Pacific Northwest and will allow it to supply gasoline and other petroleum products to the region. The refinery is also well-equipped to process crude oil from Canada and will help to meet the growing demand for energy in the Pacific Northwest.
WesPac is not the only company that is interested in the Shell refinery. There were a number of other bidders for the refinery, including BP and Husky Energy. However, WesPac was able to outbid its competitors and won the bid for the refinery.
The purchase of the Shell refinery is expected to create around 100 jobs in the region. It will also help to ensure a reliable supply of gasoline and other petroleum products to the Pacific Northwest.
Why is Shell selling refineries?
Shell is selling some of its refineries in order to focus on its core business of oil and gas production.
The company has been selling off its refining assets since 2012, when it announced plans to divest $30 billion worth of assets. It has since sold off refineries in the United States, Europe, and Australia.
Shell says that it is selling the refineries because they are no longer a strategic fit with the company’s core business. The company is now focusing on expanding its production capacity in order to meet global demand for oil and gas.
Shell’s decision to sell its refineries is a sign of the changing dynamics in the global energy market. With the rise of shale gas and renewable energy, the demand for oil and gas is declining in developed countries. At the same time, demand for oil and gas is increasing in developing countries.
Shell’s decision to sell its refineries may also be a response to the volatility of the refining business. The refining sector has been hit hard by the fall in oil prices in recent years.
The sale of Shell’s refineries is a blow to the global refining industry, which is already dealing with overcapacity and falling profits. It is also a sign of the changing dynamics in the global energy market, with oil and gas production becoming more important than refining.
Who bought Shell Oil Company?
Shell Oil Company is a subsidiary of Royal Dutch Shell, a multinational oil and gas company. Shell Oil Company operates in the United States and is the country’s largest oil and gas producer. The company has been in business for more than a century and has a long history of oil and gas production in the United States.
In March 2018, Shell Oil Company was sold to a Canadian energy company, Canadian Natural Resources Limited. Canadian Natural Resources Limited is a major oil and gas producer in Canada and is the largest owner of oil sands in the country. The company has been in business for more than 70 years and has a long history of oil and gas production.
The acquisition of Shell Oil Company by Canadian Natural Resources Limited is a major move for the company and will give it a foothold in the United States oil and gas market. The acquisition will also help Canadian Natural Resources Limited expand its production capabilities and grow its business.
Why is Shell selling its refineries?
Shell is selling its refineries as part of a larger plan to divest itself of $30 billion in assets. The company is looking to focus on its core business of oil and gas production.
The refineries are a relatively small part of Shell’s business, and they are not as profitable as the company would like them to be. divestment of the refineries will allow Shell to focus on its core operations.
The sale of the refineries will also help Shell to raise money to finance its growth initiatives. The company is planning to invest billions of dollars in new projects in the coming years, and the sale of the refineries will help to fund those investments.
Shell is not the only oil company that is selling its refineries. In fact, many of the largest oil companies in the world are selling their refineries. This is largely due to the fact that refining is not as profitable as it used to be.
The refineries that are being sold are the oldest and least-efficient in the Shell fleet. The company is hoping to get a good price for them and to use the money to invest in its core operations.