EnergyExxon proposes splitting contracts for workers at a Texas refinery
Reuters
3 minute read
Exxon Mobil Corp (XOM.N) has proposed separate pay and contract terms for workers who make gasoline and Mobil 1 motor oil at its Beaumont, Texas, facility and a revamping of rules governing refinery jobs, a message posted on a company website showed.
Exxon locked out 650 workers represented by the United Steelworkers union (USW) from the facility on May 1 in a dispute over a new contract. The sprawling 2,700 acre complex, which makes fuel and lubricants, continues to operate with managers and temporary workers.
The proposal to split contract terms for workers based on their assignments would mean no pay raises for the facility s about 130 lubricant plant workers in the first three contract years. The goal is to improve competitiveness in a business where wage rates are lower than its own, Exxon wrote.
The Biden administration granted oil refiner Citgo Petroleum a Jones Act shipping waiver allowing it to move fuel between U.S. ports on a foreign flagged vessel, two sources told Reuters on Friday, making it the second company to secure one this week.
Influential proxy advisor Institutional Shareholder Services (ISS) on Friday threw its weight behind a small hedge fund's nominations for Exxon Mobil's board in a decision that could affect the outcome of a bitter corporate battle.
EnergyU.S. halts operations at Caribbean oil refinery after breakdowns
Laura Sanicola
1/2
Signage is seen at the headquarters of the United States Environmental Protection Agency (EPA) in Washington, D.C., U.S., May 10, 2021. REUTERS/Andrew Kelly
Read More
U.S. regulators on Friday ordered the Limetree Bay refinery on St. Croix, U.S. Virgin Islands, to cease operations for at least 60 days, throwing the multibillion-dollar overhaul of the massive plant into jeopardy.
The Caribbean refinery has suffered several financial and operational setbacks since its private equity owners sought to restart the 1,500 acre (607-hectare) facility idled since 2012. It voluntarily stopped processing this week after showering nearby homes with an oily mist for the second time this year.
Repsol SA (REP.MC) has struck a deal to buy a stake in Hecate Energy to give the Spanish energy company a platform to expand in the growing U.S. renewable energy market, three people familiar with the matter said.