After a worker was killed at their Chalmette Plant in Louisiana, ExxonMobil (NYSE:XOM) cut production to deal with the situation.
One thing known for sure, is there was a leak of a combination of hydrogen sulfide and compressed gas, although it isn't known whether that was the cause of the death of the contract worker or he died of natural causes coincidentally.
Exxon announced the operations at the plant are now close to returning to normal, and production will be where it was before the incident very soon.
The energy giant closed Thursday at $65.30, gaining $0.26, or 0.40 percent.
Showing posts with label Chalmette. Show all posts
Showing posts with label Chalmette. Show all posts
Friday, October 15, 2010
Friday, August 27, 2010
Exxon (NYSE:XOM) Shutting 3 Units at Chalmette
Exxon Mobil Corp. (NYSE:XOM) will reportedly shut down 3 of its units at their Chalmette, Louisiana, which they joint venture with Venezuelan oil company PDVSA.
Units being shut down will be a coking unit, distillate hydrocracker and a gasoline reformer.
The refinery is a 50-50 joint venture, with Exxon being the managing partner in the deal. Exxon confirmed there would be units shut down, but declined to say which ones, as sources close to the decision released the information.
Savings by shutting down the units will be from $8 million and $9 million monthly.
Units being shut down will be a coking unit, distillate hydrocracker and a gasoline reformer.
The refinery is a 50-50 joint venture, with Exxon being the managing partner in the deal. Exxon confirmed there would be units shut down, but declined to say which ones, as sources close to the decision released the information.
Savings by shutting down the units will be from $8 million and $9 million monthly.
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