The HOVENSA facility in Limetree Bay, St. Croix, U.S. Virgin Islands is a petroleum refinery covering 1,500 acres in what is known as South Industrial Complex, on the south central coast of St. Croix. The facility began operations in 1965 under the ownership of the Hess Oil Virgin Islands Corporation. PREVOST v. HESS OIL VIRGIN ISLANDS, (D.V.I. 1986) United States District Court, D. Virgin Islands, St. Croix Division (7 Aug, 1986) 7 Aug, 1986 The Hovensa oil refinery in St Croix, US Virgin Islands, as seen in January 2012, a month ahead of its closure. The US Virgin Islands has filed a lawsuit against American oil company Hess Corp for more than US$1 billion, alleging the firm abandoned a massive oil refinery it had pledged to run through to the year 2022. One of the big shocks to the economy of the Virgin Islands was the closure of the Hovensa oil refinery in the early part of the decade. The refinery had traditionally provided a big chunk of direct and indirect jobs to the island of St. Croix on which it is located. ST. CROIX, U.S. Virgin Islands -- One of the world's largest oil refineries will close next month, the company announced Wednesday, stunning nearly 2,000 workers and threatening to upend the
Pinnacle Services, LLC is one of several family owned businesses dating back to 1960 when Riggers and Erectors started providing construction, rigging and heavy equipment services to the petrochemical, food processing, power generation industries and to the federal government. Hess Oil Corporation - St. Croix, USVI - 1965. Installed Above: the Hess terminal in St Lucia (Photo: Hess) By the Caribbean Journal staff St Lucia is taking a wait-and-see approach on the potential sale of the Hess crude oil refined products and
The St. Croix plant shut in 2012 facing requirements to spend some $700 million on pollution controls and a $5.4 million civil penalty to settle violations of the U.S. Clean Air Act that were levied on then-Hovensa, a venture between Hess Corp and Venezuela's state-run oil firm PDVSA.
The mothballed refinery on St. Croix will stay closed after the U.S. Virgin Island's Legislature voted overwhelmingly against letting a new owner take over the plant. Its decision to pump $1.1 billion into the upgrade of its St. Croix refinery — damaged by Hurricane Hugo in 1989 — was partly to blame, but Amerada Hess ' s vast network of East Coast storage facilities also imposed burdensome inventory costs when oil supplies were abundant, as they were throughout the decade. "For comparison sake, in the over 30 years that Hess Oil operated the refinery on the island of St. Croix, the company paid approximately $330 million in corporate taxes to the government. As you may recall, in 2015 Hess Oil filed suit for the return of (those tax payments)," Mapp pointed out. According to the communications director for Mr. Mapp's office, Kimberly Jones, the Hess oil refinery was established on St. Croix in the mid-1960s as a long-term commercial relationship involving the construction, maintenance and operation of the facility in exchange for "significant tax benefits for Hess" from the USVI legislature.
A lengthy trial was held in these consolidated actions for personal injuries of six workmen and for property damage to a petroleum storage tank and its product contents which resulted from an explosion and fire at the Hess Oil Virgin Islands Corp. ("Hess") refinery on St. Croix. Hess Corp's Lorrie Hecker CHRISTIANSTED - The owner of the mothballed refinery on St. Croix filed for chapter 11 on Tuesday, as part of a plan to sell its assets for $184 million to an affiliate of Boston private-equity firm ArcLight Capital Partners LLC. The refinery, known as HOVENSA LLC, Trends for the Port of Hess Oil Term. St. Croix, including contact information, shipment trends to sister ports, and recent shipments. Hess Oil Virgin Islands built and began operating a 45,000 b/d refineryon the south shore of St. Croix in 1966. By 1974 the refinery had beenexpanded to 650,000 b/d, making it the largest refinery in the world. In 1998, the Hess subsidiary joined with PDVSA's Virgin Islandssubsidiary to create Hovensa. The HOVENSA facility in Limetree Bay, St. Croix, U.S. Virgin Islands is a petroleum refinery covering 1,500 acres in what is known as South Industrial Complex, on the south central coast of St. Croix. The facility began operations in 1965 under the ownership of the Hess Oil Virgin Islands Corporation.