The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

No talks expected this week in U.S. refinery strike -sources

Mon, 23rd Feb 2015 23:57

HOUSTON, Feb 23 (Reuters) - Talks to end the largest U.S.refinery strike in 35 years are not expected to resume thisweek, sources familiar with the negotiations said on Mondayafter the number of plants hit by walkouts increased over theweekend.

Face-to-face meetings between the United Steelworkers union(USW) and lead refinery owner representative Shell Oil Co, theU.S. arm of Royal Dutch Shell Plc, might remain on holduntil the second week of March, the sources said.

The halt in talks comes after the USW pulled workers from three Motiva Enterprises LLC refineries in Louisianaand Texas co-owned by Shell after oil companies balked at apossible settlement.

Over the weekend, sources said negotiations might resume bythe middle of this week.

About 6,550 workers are walking picket lines at 15 plants,including 12 refineries that account for one-fifth of U.S.refining capacity. Refiners are using trained replacementworkers, primarily managers and engineers, to keep plantsrunning close to normal.

A USW spokeswoman declined to discuss the negotiations onMonday. On Sunday, the union said its negotiators were availableto meet with Shell.

A Shell spokesman said no talks have been scheduled.

"(We) look forward to resuming negotiations, whenever thatmay be," the Shell spokesman said.

More information might come from a news conference USWInternational President Leo Gerard has scheduled for Tuesdaymorning in Atlanta.

In a letter to employees, Shell said the major stickingpoint in the talks was the USW's push to shift daily maintenancework from non-union contractors to union members.

The company said it offered a 6.5 percent increase in pay tothe USW over the three years of the agreement.

The union has said it is seeking to preserve previousagreements on safety and tighten rules to prevent workerfatigue, as well as win back daily maintenance jobs for unionmembers.

Shell said using contractors gives it flexibility andprevents the layoff of union members.

Workers are also striking at the Shell refinery and chemicalplant in Deer Park, Texas, and at plants in California, Indiana,Kentucky, Ohio, Texas and Washington owned by BP Plc,Lyondell Basell NV, Marathon Petroleum Corp andTesoro Corp.

The nation's largest refinery, Motiva's 600,250 bpdoperation in Port Arthur, Texas, is running at reducedproduction as it attempts to restart a 60,000-bpd hydrocrackingunit that produces motor fuels, primarily diesel, source said. (Reporting by Erwin Seba. Editing by Andre Grenon)

Related Shares

More News
27 Oct 2022 07:30

Shell announces $4bn share buyback as Q3 profits beat expectations

(Sharecast News) - Oil giant Shell announced a $4bn share buyback on Thursday as it posted better-than-expected third-quarter profits.

21 Apr 2022 11:53

Shell turning to China to offload Russian business - report

(Sharecast News) - Shell is reportedly looking to China as it looks to offload its Russian business.

15 Feb 2022 15:54

Shell preparing to sell North Sea gas fields - report

(Sharecast News) - Shell is reportedly preparing to launch the sale of its stakes in two clusters of gas fields in the southern British North Sea, par...

7 Feb 2022 10:52

Berenberg nudges up target price on Shell

(Sharecast News) - Analysts at Berenberg slightly raised their target price on oil and gas giant Shell from 2,350.0p to 2,375.0p on Monday, stating th...

31 Jan 2022 10:53

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.