Yesterday, a friend of mine at Harvey said that Shell would be shutting down drilling operations on all but 6 rigs. There was an email sent from Harvey management to their vessel personnel. Anyone else can verify this or can give more info?
let’s pray they include
NOBLE DISCOVERER
NOBLE BULLY I
NOBLE BULLY II
NOBLE GLOBETROTTER I &
NOBLE GLOBETROTTER II
that would be sweet, sweet music to my ears…in fact it would be a symphony!
are these supposed to be six in the GoM?
[QUOTE=c.captain;156473]are these supposed to be six in the GoM?[/QUOTE]
I really dont know. Either way, it cant be a good thing.
and on the west coast regular gas is pushing $3 bucks a gallon again while WTI closed at $49.61 on Friday…
can you say oil refiners (including Shell) gouging the consumer?
More bad news…
About 1,100 oil and gas workers lost their jobs in February, as low crude prices spurred energy companies to lay down rigs and lay off employees.
The 0.6 percent decline in oil and gas payrolls adds to the[B]1,800 jobs that were already shed in January[/B] and may just be the beginning of things to come.
Energy companies have blunted some of the pain from the plummet in crude prices — down from a high of $107.26 last June — by stashing oil in storage tanks around the country.
But available storage space is filling up, and analysts warn that once oil producers run out of room, domestic crude prices could take another hit.
Some energy executives have struck a somber tone, warning that low oil prices are here to stay for years. [B]Exxon Mobil CEO Rex Tillerson predicted earlier this week that prices could remain low for two years.
[/B] in February, [B]according to the Bureau of Labor Statistics’ monthly employment report. The number of all mining jobs — including oil and gas extraction — fell by 9,300.
[/B]
With oil companies cutting their capital budgets, contractors are paring back too.
For instance, on Tuesday, [B]Nabors Industries announced it had cut 12 percent of its 29,000-employee workforce.
Not looking good.[/B]
The price of gas is up because refining capacity is down. 3 or 4 major refineries in Houston and several more elsewhere on on strike right. If those refineries were at full operation, I expect gas would be under $2/gal even on the left coast.
http://money.cnn.com/2015/02/08/news/companies/oil-refinery-strike/
Yes the cost to pay for unions, c.captain! Maintenance season too, plus the seasonal switchover.
[QUOTE=c.captain;156483]and on the west coast regular gas is pushing $3 bucks a gallon again while WTI closed at $49.61 on Friday…
can you say oil refiners (including Shell) gouging the consumer?[/QUOTE]
The incident at the Exxon Mobile refinery in Torrance is a major contributing factor for the gas prices seen in California. That refinery supplies about 10% of the gas in California.
Sure am glad I stayed where I am for now.
[QUOTE=z-drive;156495]Yes the cost to pay for unions, c.captain! Maintenance season too, plus the seasonal switchover.[/QUOTE]
BULLSHIT…it is the refiners using the excuse of the strike to magically reduce their output and presto the magnificent, they up the price by a buck in less that two months. I must say very well played by the refiners and very poorly played by the unions. They should have struck when prices were at their peak last summer. STOOPID UNION!
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[QUOTE=Nautical Wheeler;156482]I really dont know. Either way, it cant be a good thing.[/QUOTE]
I read it wrong and thought it was 6 rigs being shutdown not all but six. Now how many does Shell have working in the GoM at the moment?
Also, I certainly read from this the death knell for any drilling in Alaska this summer. It’s already March and no announcement from Shell nor permits from the BSEE. By this time in 2012 the dirt was flying bigtime getting the equipment ready to go north.
I was just at Shell Motiva and they loaded us at the same capacity as they have for the last few years. They were also on strike. They had no problems, other than some managers having to suit up and swing valves
[QUOTE=c.captain;156531]BULLSHIT…it is the refiners using the excuse of the strike to magically reduce their output and presto the magnificent, they up the price by a buck in less that two months. I must say very well played by the refiners and very poorly played by the unions. They should have struck when prices were at their peak last summer. STOOPID UNION!
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I read it wrong and thought it was 6 rigs being shutdown not all but six. Now how many does Shell have working in the GoM at the moment?
Also, I certainly read from this the death knell for any drilling in Alaska this summer. It’s already March and no announcement from Shell nor permits from the BSEE. By this time in 2012 the dirt was flying bigtime getting the equipment ready to go north.[/QUOTE]
I think Alaska is an exception. If Shell can get the permits, they will drill. The Shell contractors are hiring and running people through Shell specific training.
Recently Fadel Geiht had commentary on Bloomberg predicting that long planned Deepwater Gulf drilling will continue pretty much on schedule.
[QUOTE=c.captain;156531]BULLSHIT…it is the refiners using the excuse of the strike to magically reduce their output and presto the magnificent, they up the price by a buck in less that two months. I must say very well played by the refiners and very poorly played by the unions. They should have struck when prices were at their peak last summer. STOOPID UNION![/QUOTE]
So are you saying that these refineries could continue to produce the same volume of product without the union labor that is on strike?
Well hell, get rid of the whole lot of them then. Sounds like a bunch of union freeloaders that are not necessary to the production of gasoline and other refined products are the reason for high gas prices. Just imagine how cheap gas would be if the refiners were not paying union labor that is not even needed!
[QUOTE=txwooley;156562]So are you saying that these refineries could continue to produce the same volume of product without the union labor that is on strike?
Well hell, get rid of the whole lot of them then. Sounds like a bunch of union freeloaders that are not necessary to the production of gasoline and other refined products are the reason for high gas prices. Just imagine how cheap gas would be if the refiners were not paying union labor that is not even needed![/QUOTE]
YUP…Joe Boss is able to run at capacity during this but just using the strike as a means to create the idea there is a shortage when none exists. I see no signs at local stations saying “Sorry…No Gas Today” These refineries are highly automated and don’t require battalions of manpower to operate as in the past plus the striking union are not operators anyway. No, this is a manufactured non shortage to gouge the public and the STOOPIDER public is letting a STOOPID union take the blame.
[QUOTE=c.captain;156531]Also, I certainly read from this the death knell for any drilling in Alaska this summer. It’s already March and no announcement from Shell nor permits from the BSEE. By this time in 2012 the dirt was flying bigtime getting the equipment ready to go north.[/QUOTE]
not too fast, they got a first permit in their pocket. For the mooring of the rigs off Dutch Harbor.
In the past they have positioned the rigs and the boats in Dutch while waiting for drilling permits. Probably they will do the same this time.
[QUOTE=txwooley;156562]So are you saying that these refineries could continue to produce the same volume of product without the union labor that is on strike?
Well hell, get rid of the whole lot of them then. Sounds like a bunch of union freeloaders that are not necessary to the production of gasoline and other refined products are the reason for high gas prices. Just imagine how cheap gas would be if the refiners were not paying union labor that is not even needed![/QUOTE]
The way I understand it is they are not asking for more money they just want to do the maintenance like they have in the past. Instead the company is bringing in contract labor to do the maintenance and cutting into their pay. There are safety issues involved also. Kinda like using cheap foreign or temp workers to maintain your ship while in the yard. Just lay off everyone off during yard periods, right? Screw those overpaid USCG freeloaders, who needs them? They are what are causing the price of gas and everything else to go up due to that stupid Jones Act.
If the union guys are freeloaders what are the management people who are now “running” the refineries? Apparently they can run the plant AND manage it? They make more than the union guys so get rid of them. They are mostly former union freeloaders anyway.