Tesoro to buy BHP's Hawaii R&M unit

Consolidation continues apace in the U.S. refining/marketing sector. Tesoro Petroleum Corp., San Antonio, has agreed to pay $275 million to acquire BHP Petroleum Americas Refining Inc. and related operating assets in Hawaii. A unit of Broken Hill Pty. Co. Ltd., Melbourne, the Hawaiian operations include a 95,000 b/d crude oil refinery about 20 miles west of Honolulu and 32 retail gasoline stations on the islands of Oahu, Maui, and Hawaii. In addition, Tesoro and BHP will enter into a 2-year supply agreement to provide crude oil feedstock for the refinery. Tesoro recently expanded its contract to buy royalty crude from Alaska, where it operates a 72,000 b/d refinery at Kenai....

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected