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Tag Archives: CHEVRON

US stocks slip as weak earnings hammer retailers

stocks

NEW YORK — U.S. stocks are mostly lower Friday morning after a batch of weak quarterly reports. Retail stocks are sliding after a disappointing report from department store operator Nordstrom. Oil prices are in decline after a big surge over the past week. KEEPING SCORE: The Dow Jones industrial average lost 68 points, or 0.4 percent, to 16,344 as of ...

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Chevron gets huge tax exemption on huge investment

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PASCAGOULA — Jackson County supervisors have given Chevron a mega tax break on a new base oil plant that cost the company $1.56 billion. The exemption means that instead of the Chevron refinery paying the county $14.3 million in taxes on that new piece of the refinery next year, it will pay $4.2 million. And that number will go down each ...

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Judge: Oil, gas firms not liable for La. coastal erosion

NEW ORLEANS — A federal judge has dismissed a New Orleans-area levee authority’s lawsuit charging oil and gas companies with destroying Louisiana’s coastal wetlands. The lawsuit was filed by the Southeast Louisiana Flood Protection Authority-East in 2013 against nearly 100 oil and gas companies over damage they allegedly caused to Louisiana’s wetlands. The authority is one of two regional boards ...

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Dow plunges as oil dips below $50, sinking energy stocks

NEW YORK — US stocks fell sharply Monday, led by declines in energy stocks as the price of oil plunged again. The euro sank to a nine-year low against the dollar as new doubts surfaced about Greece’s future in the common currency bloc. KEEPING SCORE: The Standard & Poor’s 500 index dropped 33 points, or 1.7 percent, to 2,024 as ...

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Gulf oil rig explosion kills one worker, injures three

GULF OF MEXICO — An explosion occurred on an offshore oil and gas platform in the Gulf of Mexico yesterday, killing one person and injuring three. The Bureau of Safety and Environmental Enforcement said Fieldwood Energy reported the explosion on its Echo Platform just before 3 p.m. about 12 miles off Louisiana’s coast. In a statement late yesterday, the Houston, ...

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OSHA fines Chevron for fatal explsion at Coast refinery

PASCAGOULA — Chevron’s Pascagoula refinery has been fined $24,000 related to the November explosion and fire that left one employee dead, according to the Occupational Safety and Health Administration. Tonya Graddy of Semmes, Ala., a five-year operator for the refinery, was killed Nov. 15 when an explosion occurred in the furnace of the Cracking II Processing Unit. The cracking unit ...

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MDOT warning of possible traffic snarls from wide-load move

If you’re traveling South Mississippi highways over the next several days, you might want to leave a little early. The Mississippi Department of Transportation (MDOT) has issued a wide load permit to James Machine Works. The company is moving 12 wide loads along a designated route from Natchez to the Chevron plant in Pascagoula. Each load will be 21 feet ...

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Pipeline cutting through wetlands to Chevron plant

JACKSON COUNTY — Heavy machinery is cutting wide ditches through 41 miles of wetlands in Jackson County. The Sun Herald reports that Plains Southcap ,LLC of Mobile, Ala., is getting its two-foot-wide pipeline for crude oil into the ground rapidly. The pipeline’s path runs from 10 miles northwest of Mobile through eastern Jackson County to the Chevron Pascagoula refinery on ...

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Jackson County appeals high court ruling

PASCAGOULA — The Jackson County Board of Supervisors has voted to ask the state Supreme Court to reconsider a ruling that a 2007 state law is unconstitutional in requiring the Pascagoula School District to share some tax dollars generated from Chevron facilities with other districts. The ruling overturned a decision by a Jackson County judge who upheld the law. The ...

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Sudduth replacing Renfroe at Chevron

Alan Sudduth has been named Chevron public and government affairs manager for Mississippi. Sudduth will join Chevron March 7 and succeed Steve Renfroe, who is retiring. As county administrator for the Jackson County Bard of Supervisors, Sudduth currently manages 16 departments, including the Public Information Office. He previously served as special counsel to the Jackson County board attorney and formerly ...

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