India’s Oil Demand Drives CMB Tech Fleet Diversification
By Dimitri Rhodes Nov 7 (Reuters) – Belgian oil tanker company CMB Tech says it will focus on the fast growing market in India as it reported third quarter results...
The closure of one portion of the channel, which stretches 53 miles (85 km) from its entrance in the Gulf of Mexico to the Port of Houston, blocked tanker ship traffic to and from five major oil refineries as well as chemical and oil-export terminals.
The protest came hours ahead of a planned debate in Houston by 10 Democratic White House contenders that has drawn national media to the fourth-largest U.S. city.
Authorities are not planning to remove the protesters who said they would remain dangling from the bridge for up to 24 hours, according to a police official quoted on local media.
In Twitter messages posted by Greenpeace USA, protesters can be seen hanging on harnesses from the bridge over the waterway, with large yellow banners flapping in the wind.
“We’re in the heart of the fossil fuel industry (the largest oil export channel in the U.S.) to confront Trump & the oil industry,” one tweet said. “It is time to end the age of oil,” said another.
Just one ship was waiting to enter the busiest U.S. petrochemical port, and two ships were waiting to exit the waterway, the Coast Guard said.
The area affected by the closing is near Exxon Mobil Corp’s 560,500-barrel-per-day refinery in Baytown, which is 26 miles (42 km) east of Houston.
Operations were normal at the plant on Thursday, said Exxon spokesman Jeremy Eikenberry. The refinery is the fourth-largest in the United States and Exxon’s largest in the country.
Other refiners along the channel affected by the shutdown included Valero Energy Corp’s 205,000-bpd Houston refinery, LyondellBasell’s 263,776-bpd Houston refinery, Chevron Corp’s 112,229-bpd Pasadena, Texas, refinery and Royal Dutch Shell Plc’s 340,000-bpd Deer Park, Texas, refinery.
Shell said operations were stable at its Deer Park refinery on the channel. Chevron declined to comment.
All of the refineries are able to ship out motor fuels by pipeline and most have enough crude on hand to operate for several days.
Sources at Lyondell’s Houston refinery said operations were normal on Thursday with no plans to cut or shut in production. The sources also said the refinery has enough crude on hand to run for several days.
The channel was closed from Light 102A to Light 104, the Coast Guard said. Ship traffic to Texas City, Texas, where two refineries and several chemical plants are located, was not affected by the closure. (Reporting by Erwin Seba in Houston and Swati Verma in Bengaluru; Editing by Bernadette Baum)
(c) Copyright Thomson Reuters 2019.
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