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ExxonMobil and a partner are selling their Chalmette refinery to PBF Energy Inc. under a $322 million deal announced Thursday.
Chalmette Refining LLC is a joint venture between affiliates of Petróleos de Venezuela S.A., the state oil company of Venezuela, and ExxonMobil. The refinery has a capacity of 189,000 barrels of oil per day and employs about 1,000 people. About 530 are employees, who will be offered jobs with PBF, and the rest are contractors, PBF spokesman Michael Karlovich said.
Chevron Products Co. and W.R. Grace & Co. will invest $135 million to expand the existing Grace manufacturing facility outside Lake Charles.
Gov. Bobby Jindal and W.R. Grace & Co. CEO Fred Festa announced the planned expansion Monday (May 18) in a news release.
Hess Corporation (NYSE: HES) has been ranked the No. 1 oil and gas company on Corporate Responsibility magazine’s prestigious list of 100 Best Corporate Citizens for 2015. The list recognizes public companies across the United States that demonstrated strong performance in such areas as environment, climate change, employee relations, human rights, governance, finance, and philanthropy and community support.
Hess has been named to the list each of the last eight years and is the No. 1 oil and gas company for the second consecutive year. Ratings are based on 303 data points of disclosure and performance measures from publicly-available information.
- 19 institutions of higher learning in Louisiana receive funds from 3:1 Educational Matching Gift Program
- Recipient organizations encouraged to support math and science initiatives
ExxonMobil and its employees are donating $2.6 million to higher education institutions across Louisiana as part of the ExxonMobil Foundation’s 2014 Educational Matching Gift Program.
Chevron Corporation (NYSE: CVX) today announced a significant oil discovery at the Anchor prospect in the deepwater U.S. Gulf of Mexico. Anchor is Chevron's second discovery in the deepwater Gulf in less than a year.
"The Anchor discovery, along with the previously announced Guadalupe discovery, are significant finds for us in the deepwater Gulf of Mexico. We had one of our best years with the drill bit in 2014, reporting more than 30 discoveries worldwide and adding an estimated one billion barrels of new resources to our holdings," said Jay Johnson, senior vice president, Upstream, Chevron Corporation.