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re: Just heard that Shell is going to close the Convent Refinery
Posted on 11/5/20 at 12:23 pm to Jimmy2shoes
Posted on 11/5/20 at 12:23 pm to Jimmy2shoes
Terrible news for the area
0
Posted on 11/5/20 at 12:23 pm to AA77
As if this year hasn’t been bad enough.........
Posted on 11/5/20 at 12:25 pm to LSUDUCKMAN67
quote:
They came out this summer and said that they were going to start moving more to renewables.
absolute nonsense
Posted on 11/5/20 at 12:25 pm to AA77
More like 1100 with contravtors.
Posted on 11/5/20 at 12:36 pm to Master Guilbeau
All the assessors in the River Parishes (esp. in St. Charles) were crowing about how much they re-assessed the petrochemical companies.
Posted on 11/5/20 at 12:38 pm to GeismarGeauxer
Covid more than Democrats
Posted on 11/5/20 at 12:41 pm to Hamma1122
At some point, there will be a buyer and hopefully it’s soon so employees and contractors can hang on. It’s definitely an asset and Shell knows when COVID relents and travel resumes, they’re going to be able to make more money on it.
Posted on 11/5/20 at 12:44 pm to NewBR
quote:
All the assessors in the River Parishes (esp. in St. Charles) were crowing about how much they re-assessed the petrochemical companies.
yeah this is a bad sign for the "what are they going to do if we tax them? shut down?" crowd
Posted on 11/5/20 at 12:52 pm to Teufelhunden
quote:
Thanks Biden
This has been in the works for a long time.
Posted on 11/5/20 at 12:56 pm to JOJO Hammer
How many lost job in the area because of this?
Posted on 11/5/20 at 12:56 pm to MikeD
quote:
At some point, there will be a buyer and hopefully it’s soon so employees and contractors can hang on. It’s definitely an asset and Shell knows when COVID relents and travel resumes, they’re going to be able to make more money on it.
Buddy that works there said they don't really want to sell. They want to sit on it for a few year's and see if the market rebounds.
Posted on 11/5/20 at 1:00 pm to WestLakeOHTiger
quote:
How many lost job in the area because of this?
Devastating loss for the area. The article mentions 700 Shell employees and 400 contractor jobs being lost. 1100 well paying jobs up in smoke.
Posted on 11/5/20 at 1:02 pm to Teufelhunden
Thanks to covid
Posted on 11/5/20 at 1:03 pm to notiger1997
Not surprised considering things in O&G plus the business climate in Louisiana is never good even if O&G is good.
Posted on 11/5/20 at 1:11 pm to KamaCausey_LSU
I believe they hope to relocate about 1/5 of the 700 to TX. Will see if they make the move or find another job in Louisiana.
Posted on 11/5/20 at 1:12 pm to turnpiketiger
Meanwhile you have this group of people getting in the way of a nearly 10 billion dollar investment into St. James Parish at Formosa Plastics
LINK
LINK
This post was edited on 11/5/20 at 1:12 pm
Posted on 11/5/20 at 1:12 pm to Tigeralum2008
quote:
This is the first major oil related domino to fall but won’t be the last.
Not even close unless you’re only looking at the downstream side of oil & gas
Posted on 11/5/20 at 1:13 pm to GeismarGeauxer
quote:
Democrats pushing oil out.
Wish y’all would cut this shite out.
Oil won’t be pushed out in our lifetimes. Maybe not even our kids. There’s WAY too much money across the world for one man and a bartender to cripple The industry. They’ll both be shot to death before their bottoms lines are taking such a cut it destroys their business.
They’ll talk all that shite during election time and then it’s going to magically go away.
Posted on 11/5/20 at 1:14 pm to Teufelhunden
Switching from Thanks Obama to Thanks Biden already. That's fair I guess.
Posted on 11/5/20 at 1:15 pm to TigerEye2
quote:
Just the opposite. Norco sends feedstock to a Convent.
They send stuff back and forth neither depends on each other
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