The terminal also has a large dock with the ability to accommodate long-range vessels. (Source: Shutterstock)
Global Partners LP has closed on its acquisition of a liquids terminal in East Providence, Rhode Island from Exxon Mobil Oil Corp.
The terminal is strategically located to serve the Rhode Island, Northern Connecticut and Southern Massachusetts markets and has a 959,730-bbl shell capacity featuring 10 product tanks for gasoline, additives, distillates and ethanol.
The terminal also has a large dock with the ability to accommodate long-range vessels.
The acquisition adds gasoline infrastructure to Global Partners’ portfolio in alignment with the company’s strategic goals, President and CEO Eric Slifka said in Global’s Nov. 1 press release.
Global also plans on acquiring additional vacant real estate for alternative uses long term as market dynamics change, Slifka said.
"The additional operational capabilities and supply optionality, along with the potential for real estate development, further deliver our commitment to strategic growth by diversifying our portfolio and capitalizing on assets that leverage our integrated network,” he said.
The announcement of the closing of the deal did not disclose a purchase price.
Recommended Reading
US Drillers Add Oil, Gas Rigs for First Time in Four Weeks
2025-04-18 - The oil and gas rig count rose by two to 585 in the week to April 17. Despite this week's rig increase, Baker Hughes said the total count was still down 34 rigs, or 5% below this time last year.
US Drillers Add Oil, Gas Rigs for First Time in Eight Weeks
2025-01-31 - For January, total oil and gas rigs fell by seven, the most in a month since June, with both oil and gas rigs down by four in January.
US Oil Rig Count Falls by Most in a Week Since June 2023
2025-04-11 - The oil and gas rig count fell by seven to 583 in the week to April 11. Baker Hughes said this week's decline puts the total rig count down 34 rigs, or 6% below this time last year.
US Drillers Cut Oil, Gas Rigs for First Time in Three Weeks
2025-03-28 - The oil and gas rig count fell by one to 592 in the week to March 28.
US Oil Rig Count Rises to Highest Since June
2025-04-04 - Baker Hughes said oil rigs rose by five to 489 this week, their highest since June, while gas rigs fell by seven, the most in a week since May 2023, to 96, their lowest since September.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.