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Posted on 11/5/20 at 11:44 am to notiger1997
Hearing rumors that they are escorting workers out today, of course they cant get rid of everybody today because it takes time to shut it down...but looking like end of the year aint really the case
Posted on 11/5/20 at 11:45 am to Tigerpaw123
Man that sucks. A lot of families will be impacted.
Posted on 11/5/20 at 11:46 am to Tigeralum2008
quote:
This is the first major oil related domino to fall
Phillips 66 idled a couple months ago.
Posted on 11/5/20 at 11:47 am to fightin tigers
My dad retired from Shell *Convent* last month after 37 years.... great timing.
This post was edited on 11/5/20 at 12:06 pm
Posted on 11/5/20 at 11:51 am to notiger1997
Honestly though, Shell in general is closing up shop. They came out this summer and said that they were going to start moving more to renewables. The been taking people to the wood shed at the old square for a while now.
Posted on 11/5/20 at 11:57 am to fallguy_1978
quote:
Is it just low oil prices that did them in?
Gas and diesel demand has made a comeback but jet fuel demand is still WAY down. I’m not sure how Shell Convent is structured but some of the smaller stand alone refineries that aren’t integrated with a chemical plant rely on jet sales for a big chunk of their profit.
Posted on 11/5/20 at 11:58 am to Elusiveporpi
I know him. Good man. Hear he has more time for fishing now than ever before.
Posted on 11/5/20 at 12:04 pm to notiger1997
Just remember this when you hear we need to screw these plants over with Property Taxes. People act like they can never shut down or move.
Posted on 11/5/20 at 12:04 pm to Privateer 2007
Yeah generally. But when fuel oil demand has been crushed it’s hard to send it out the door.
I haven’t looked at the data, but just pull 2019 Vs 2020 jet fuel consumption. That ought to give you a glimpse of issues the refinery industry is having right now.
I haven’t looked at the data, but just pull 2019 Vs 2020 jet fuel consumption. That ought to give you a glimpse of issues the refinery industry is having right now.
Posted on 11/5/20 at 12:06 pm to Teufelhunden
quote:
Thanks Biden!
Credit should be given to JBE
Posted on 11/5/20 at 12:07 pm to schexyoung
quote:
I know him. Good man. Hear he has more time for fishing now than ever before.
Very good man, I hear he needs another fishing partner that is retired.
Posted on 11/5/20 at 12:08 pm to BZ504
quote:
Credit should be given to JBE
Somehow it'll be Jindal's fault.
Posted on 11/5/20 at 12:09 pm to CP3
Must be the reason Valero Norco is building a Chem plant as fast as they can.
This post was edited on 11/5/20 at 12:17 pm
Posted on 11/5/20 at 12:12 pm to notiger1997
Will be done by the end of the month
quote:
CONVENT - Shell announced it plans to shutter its Convent refinery in the coming weeks after it failed to find a buyer for the facility.
According to a statement from the company Thursday, the location will begin the process of shutting down in mid-November. Shell had been looking for a buyer to take to the site since July but has been unsuccessful.
Shell said the decision to close the refinery is "part of the company’s global strategy to invest in a core set of uniquely integrated manufacturing sites that are also strategically positioned for the transition to a low-carbon future."
The refinery has about 700 employees.
This post was edited on 11/5/20 at 12:13 pm
Posted on 11/5/20 at 12:13 pm to notiger1997
Joe Biden doing work
Posted on 11/5/20 at 12:15 pm to Jimmy2shoes
Democrats pushing oil out.
Posted on 11/5/20 at 12:21 pm to LSUDUCKMAN67
quote:
The been taking people to the wood shed at the old square for a while now.
It seems that things have mostly been stable in the Nola office over the past few years. So far Shell has indicated in the press that the Gulf of Mexico operations is key to their future to make money to help fund their "clean energy" ideas.
Who knows though. They could just shut Nola down and move jobs to Houston.
Posted on 11/5/20 at 12:22 pm to notiger1997
This really sucks. 700 people unemployed right before the holidays.
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