The shutdown, to occur this month, comes after Shell failed to find a … The refinery in Convent … CONVENT, La. Feb. 23 Webinar: COVID-19 and Children's Health, Webinar: How the Pandemic Is Impacting Children’s Health and Pediatric Hospitals | Feb. 23 | 1:00 - 2:15 p.m. B y Erwin Seba HOUSTON, July 7 (Reuters) - Royal … In July of 2020, we shared with staff that the Shell Convent Refinery was being marketed. Of note, both the Deer Park and Norco refineries are connected to adjacent ethylene crackers and related petrochemical facilities. “We’re going to work as hard as we can to connect these individuals with other employment opportunities,” he said. This material may not be published, broadcast, rewritten or redistributed. The e-mail address is not made public and will only be used if you wish to receive a new password or wish to receive certain news or notifications by e-mail. (AP) — Shell announced Thursday that it is closing one of its refineries between Baton Rouge and New Orleans, after failed attempts to sell the facility. In July of 2020, we shared with staff that the Shell Convent Refinery was being marketed. “Despite efforts to sell the asset, a viable buyer was never identified,” Shell spokesman Curtis Smith told The Advocate. But he said the company’s move is part of a larger, international strategy to consolidate its oil refineries and transition to renewable energy resources. The refinery in Convent can process 240,000 barrels of crude oil per day. Copyright 2020 The Associated Press. Stay informed daily on the latest news and advice on COVID-19 from the editors at U.S. News & World Report. The platform is designed to engage citizens and government leaders in a discussion about what needs improvement across the country. In June 2019, Shell announced the sale of its Martinez, CA, refinery to PBF Energy, and in March of this year, Shell put its Mobile, AL, and Puget Sound, WA, refineries on the block. Royal Dutch Shell said on Thursday it will shut down its refinery in Convent, Louisiana, the largest U.S. facility to close since the coronavirus pandemic first hit and devastated economic demand worldwide, reported by Reuters.. Royal Dutch Shell Plc said on Nov. 5 it will shut down its refinery in Convent, La., the largest U.S. facility to close since the coronavirus pandemic first hit and devastated economic demand worldwide. The … Despite efforts to sell the asset, a viable buyer was never identified. Months after trying to sell its Covent Refinery, the Shell corporation has decided to shut down it down. The goal is for the refineries to be more integrated with the chemical complexes and produce more biofuels, hydrogen and synthetic fuels, the company said. “The decision 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,” Smith confirmed in an email. Shell began the permanent shutdown of its Convent, Louisiana, refinery on Nov. 30. - Is the Crude Market Headed for an Ugly Replay of This Spring? With its position along the Mississippi River, Convent also has access to international waters. 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Convent is the fourth U.S. refinery that Shell is looking to unload in a little more than a year’s time. “After looking at all aspects of our business, including financial performance, we made the difficult decision to shut down the site.”. To access the remainder of Time to Move On - Shell's Plan to Sell Another Refinery, This Time in Louisiana's Refinery Row you must be logged as a RBN Backstage Pass™ subscriber. Convent is the fourth U.S. refinery that Shell is looking to unload in a little more than a year’s time. Despite efforts to sell the asset, a viable buyer was never identified. Gov. If you have already purchased a subscription, be sure you are logged in For additional help or information, contact us at info@rbnenergy.com or 888-613-8874. Edwards issued a statement on the closing of that refinery, expressing his … Convent is located within the U.S. Gulf Coast region, which holds more than half of the country’s refining capacity. Edwards said he spoke with Shell officials Wednesday about the news and was assured the company would hire as many people as it can for other locations and offer retirement incentives to those eligible. Tags: Associated Press, business, Alabama, Louisiana, Texas. ET, California Do Not Sell My Personal Information Request. Shell (through various affiliated companies) assumes sole ownership of the Norco, La., refinery (where Shell operates a chemicals plant), the Convent, La., refinery, 11 distribution terminals, and Shell-branded markets in Alabama, Mississippi, Tennessee, Louisiana, a portion of the Florida panhandle, and the North-eastern region of the U.S. Southern California Distribution Complex is located approximately 400+ acres in Carson, California & provides petroleum products including ethanol. — Shell announced Thursday that it is closing one of its refineries between Baton Rouge and New Orleans, after failed attempts to sell the facility. More specifically, the refinery (green refinery icon in Figure 1) is positioned in the middle of Southeast Louisiana (SELA), which is its own subset of Gulf Coast refiners located along the Mississippi River between Baton Rouge and the Gulf of Mexico. He said he hopes to put a “transition center” onsite at the refinery to help those employees. Royal Dutch Shell Plc will begin shutting its Convent refinery in south Louisiana mid-month while it continues to seek a buyer for the facility, part … But Shell’s announcement also raises a question, namely, how does the prospective sale compare with the company’s stated intent to focus on a smaller set of refineries integrated with Shell’s key trading hubs and petrochemicals operations? 657 people work at the site, a spokesperson with Shell said in a release. On Thursday, Gov. All rights reserved. Royal Dutch Shell Plc is weighing the sale of its 211,146 barrel-per-day (bpd) Convent, Louisiana, refinery, the company said on Tuesday. Mar 5, 2020 A U.S. subsidiary of Royal Dutch Shell PLC (NYSE: RDS-A, RDS-B), which has its U.S. headquarters in Houston, is marketing two of its … Other sites are in Deer Park, Texas; The Netherlands; Singapore; Germany; and Canada, the newspaper said. Additionally, the refinery’s location just upriver from the St. James, LA, storage and distribution hub provides a high degree of flexibility and optionality for both foreign and domestic oil supplies via pipeline. 2001-2002 - In 2001, Texaco was purchased by Chevron and its interest in Motiva was sold to Shell Oil and Saudi Refining, Inc. on February 13, 2002. It employs nearly 700 workers and 400 contract workers, who will be affected by the closure expected to begin in mid-November. Some West Virginia residents must wait longer than anticipated to have their power restored after utility crews found new damage from ice storms earlier this month. In February, Shell sold its 156,400 bpd Martinez, California, refinery and logistics assets to PBF Energy for $960 million (£731 million) plus the price for oil and refined products on hand. HOUSTON: Royal Dutch Shell Plc is weighing the sale of its 211,146 barrel-per-day (bpd) Convent, Louisiana, refinery, the company said on Tuesday. Powering Progress is designed to create value for shareholders, customers and wider society. CONVENT, La. John Bel Edwards called the announcement that Shell would shutter its refinery in St. James Parish “very sobering” and disappointing. (AP) — Shell announced Thursday that it is closing one of its refineries between Baton Rouge and New Orleans, after failed attempts to sell the facility. will begin shutting down later in November, the company confirmed Thursday, Nov. 5. In general, Shell has explained its refinery divestiture announcements by saying that it wants to focus its manufacturing interests on a smaller, core set of refineries that are highly integrated with the company’s key trading hubs and petrochemicals operations. U.S. Attorney Don Cochran is leaving his post in Nashville at the end of the month at the request of the White House and the Department of Justice. The Long and Winding Road - A Propane Molecule's Journey to Mont Belvieu and Markets Beyond, the sale of its Martinez, CA, refinery to PBF Energy, I Need a Barrel- Two More New Crude Oil Pipelines from Hubs to Refineries, Louisiana Rain, Part 3- Evolving Crude Availability for Southeast Louisiana Refiners, I Got Storage (I Feel Good) – The St. James Crude Hub Continues to Develop, Louisiana Rain, Part 2- Pipe Expansions, Reversals Remaking the St. James Crude Hub, Runnin' Down a Dream, Part 3- Mexico's Plan to Revive their Crude Oil Refining Sector, Turn, Turn, Turn – New Patterns of Gulf Coast Crude Oil Flows, Complex Refining 101 Part 2- Upgrading- No Test and No Math Guaranteed, Let's Stay Together, Part 2- Pemex and Shell Renew Their Deer Park Vows, With a Twist. In 2001, Texaco was purchased by Chevron and its interest in Motiva was sold to Shell Oil and Saudi Refining Inc. in 2002. All e-mails from the system will be sent to this address. 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The decrease in RGP supply continues to further an already tight RGP railcar market. Shell said it will open a selective voluntary severance program to potentially create other roles for workers. Cruel Summer? Full access to the RBN Energy blog archive which includes any posting more than 5 days old is available only to RBN Backstage Pass™ subscribers. CONVENT, La. Mississippi House leaders are pushing to decrease some state taxes and increase others. Kentucky’s governor and first lady are asking the state’s artists to submit work to be exhibited at the Capitol in Frankfort. Best States is an interactive platform developed by U.S. News for ranking the 50 U.S. states, alongside news analysis and daily reporting. Receive the Free RBN Daily Energy Blog via email every morning to stay on top of energy market trends and the mechanics that drive them. Vanderbilt University says it will soon begin a $55 million expansion of its business school building. Shell expects to offer affected employees other opportunities within the company or help them find new jobs. The shutdown, to occur this month, comes after Shell failed to find a buyer. (WAFB) - The Shell Refinery in Convent, La. The Shell oil refinery in Convent is up for sale but could face closure if the company doesn't find a buyer as it consolidates its refinery portfolio from 14 sites to only six by 2025. I Got Storage (I Feel Good) – Storage Operators at the St. James Crude Hub. The governor said Louisiana’s labor department also will try to help the soon-to-be laid off workers find other jobs or training opportunities. Even after the closure, the Louisiana plant will still be available for purchase. “After the shutdown process is complete, we will continue to market the Convent refinery for divestment,” Smith said. Refined Product Exports, He Ain't Heavy, He's My (Diluent) Part 3 - The Pipelines that Transport Diluent to the Oil Sands. St. James Plastic Manufacturing Mega-Plant Could Be Canceled By Tegan Wendland • Nov 5, 2020 A major Shell oil refinery in Convent is closing this month because the company failed to sell it.
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