Hess to exit refining business with terminal netwo
Hess Corporation has announced that it will pursue the sale of its terminal network in the United States. Hess also announced that it will complete its exit from the refining business by closing its Port Reading, New Jersey refinery.
“By closing the Port Reading refinery and selling our terminal network, Hess will complete its transformation from an integrated oil and gas company to one that is predominantly an exploration and production company and be able to redeploy substantial additional capital to fund its future growth opportunities,” said John Hess, Chairman and CEO.
The terminal network is located along the U.S.
Val-Matic AWWA Swing Check Valve
US valve manufacturer, Val-Matic have introduced their AWWA Swing Check Valve which is said to incorporate design features in order to provide energy savings, ease of maintenance and extended valve life.
Curtiss-Wright acquires Gartner Thermal Spraying
Curtiss-Wright Corporation has announced that it has acquired the assets of F.W. Gartner Thermal Spraying, Ltd., of Houston, TX.
Statoil acquires parts of Marcellus Shale
Statoil has acquired close to 70,000 operated net acres in the liquid rich part of the central Marcellus area.
"The US unconventional plays hold a substantial resource base and represent an increasingly important part of future energy supplies,” said Statoil US onshore senior vice president, Torstein Hole.
Valero, TGS to construct TX terminal
Valero Terminaling and Distribution Co. (VTDC), a subsidiary of Valero Energy Corporation, and TGS Development LP have formed a 50-50 joint venture and started construction on a new marine terminal on the lower Sabine-Neches Waterway near Port Arthur, Texas.