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3 CHRISTIANSTED The Bryan-Roach Administration was caught off guard Monday by the harsh suddenness, labor fallout and economic reality of September’s planned shutdown of the Limetree Bay refinery on St. Croix. Resting on his imagined laurels since he was first elected in January of 2019, Governor Albert Bryan was shown to be sleeping at the switch when the lynchpin of the U.S. Virgin Islands private economic base was pulled out from under him in one single day on Monday. To save face, Bryan claimed late Monday that the local government has secretly been shopping the troubled south shore plant since May. trying to encourage new investors in the Limetree Bay faciility “but with no luck” so far. ....
Filed to:arclight capital partners armandoarmando munozcaribbeandonald trumpeartherenvironmentgeography of the caribbeanhovensaislandslimetree baysaint croixsammuel sanesunited states virgin islandsus virgin islands The Limetree Bay plant, pictured in 2011. (Photo: Jason Bronis, AP) A refinery on the island of St. Croix in the U.S. Virgin Islands has shut down temporarily after oil rained down on surrounding residents’ homes and cisterns used to collect drinking water. Astonishingly enough, this nightmarish situation isn’t even new; it’s just the most recent incident in the past three months and has added to the growing outcry from the community about the safety and future of the private equity-owned facility. ....
Frederick S. Zomer, born in Wilkes-Barre, passed away peacefully May 4, 2021, holding the hand of his loving wife with his son at his side. Fred proudly served his country as a member of the U.S. Marines Corps where he learned the value of discipline, teamwork, and investing in a cause larger than himself. A graduate of the University of Texas with a Bachelor of Science degree in engineering technology, Fred had an illustrious career with the Hess Oil Corporation. He started there as a young man working his way up the ladder while putting himself through night school. He went on to become a highly respected project manager at various oil refineries across the U.S. and abroad, including the U.S .Virgin Islands and Eastern Europe. After the fall of the Iron Curtain, Fred became one of the first Americans to successfully broker negotiations for a joint venture between the United States and Azerbaijan. ....
Top 10 Oil and Gas Stocks to Invest In The COVID-19 crisis clobbered the oil and gas industry. The industry that was already going through major changes amid price volatility and global shift to renewable energy saw billions of dollars disappear in value within a matter of weeks after the pandemic. According to energy consultant Wood Mackenzie, the global investment in oil and gas production is forecasted to remain below pre-pandemic levels until 2025. In 2020, oil and gas firms made up only 2.3% of the S&P 500, down from 15% in 2008. In the same year, S&P Dow Jones Indices reported the most significant revisions in the index in seven years where Salesforce.com, Inc. (NYSE:CRM) replaced the longest-serving component, Exxon Mobil Corporation (NYSE:XOM), which has been in the Dow since 1982. During the pandemic, the global oil demand decreased by up to 30 million barrels per day. In the United States alone, oil output dropped by approximately 2 million barrels per day, the large ....
Larry Ryan | Obituary | The Norman Transcript normantranscript.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from normantranscript.com Daily Mail and Mail on Sunday newspapers.