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Oil, Gas, And Fracking News Reads: 18July 2021

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MPCA investigating Enbridge Line 3 nontoxic spill - - The Minnesota Pollution Control Agency is investigating a drilling fluid spill that occurred on the Willow River in Aitkin County at one of Enbridge s construction sites for its new Line 3 oil pipeline. Drilling was halted after the nontoxic spill was discovered early July 6 and containment and cleanup activities were started, MPCA spokeswoman Cori Rude-Young said Monday. The MPCA has been in regular communication with the on-site, independent environmental monitors and Enbridge Energy, and we have inspected the site cleanup, she said. The new pipeline will replace the Enbridge s current Line 3, which is deteriorating with age and can now only carry about half of its capacity. It is more than 60% completed. The site where the s ....

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Troubled refinery bankrupt after EPA shutdown

Troubled refinery bankrupt after EPA shutdown
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The Limetree Bay refinery in the U.S. Virgin Islands. Virgin Islands Think Tank/Facebook
The troubled Limetree Bay refinery has filed for bankruptcy, two months after EPA regulators invoked rarely used emergency powers to halt operations at the plant in the U.S. Virgin Islands.
Severe financial and regulatory constraints have left us no choice but to pursue this path, after careful consideration of all alternatives, Jeff Rinker, CEO of Limetree Bay Ventures LLC, said in a statement posted yesterday on the company’s website announcing the Chapter 11 reorganization.
That process provides Limetree with the clearest path to maximize the value of our estate for our stakeholders while safely preparing the refinery for an extended shutdown, Rinker said. The release added that Limetree Bay plans to use the breathing room provided by the Chapter 11 proceedings to evaluate options including a potential sale of its ....

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Limetree Bay Refinery files for bankruptcy - The Washington Post

Limetree Bay Refinery files for bankruptcy - The Washington Post
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Shuttered oil refinery files for bankruptcy after DOJ complaint

Shuttered oil refinery files for bankruptcy after DOJ complaint
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Limetree Bay Files for Chapter 11 - Press Release

Limetree Bay Refining, LLC and several of its affiliates (collectively, “Limetree Bay” or the “Company”) today announced that Limetree Bay has filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (the “Court”). Limetree Bay intends to use the Chapter 11 process to engage in discussions with its lenders, creditors, equity owners and others to evaluate options to maximize the value of the estate and recoveries for stakeholders, including exploring a potential sale of its assets.
Limetree Bay has received commitments for up to $25 million in new debtor-in-possession financing that, upon court approval, is expected to provide sufficient liquidity to meet ongoing business obligations related to the maintenance of the refinery during the Chapter 11 process. ....

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