Deal reached between Shell and United Steelworkers union
USA The super-major company negotiated a deal with USW on behalf of other companies, including ExxonMobil. As part of the agreement, union workers would see pay raises of 2.5-3.5 percent over the next four years as well as improvements to health benefits and safety.
The walkout involved nearly 6,550 workers and facilities that provide 20 percent of US refining capacity. USW operates more than 200 refineries, pipelines, fuel terminals and chemical plants in the country.
The strike began on February 1 with several plants in California, Texas, Kentucky and Washington closing, before the shutdown of 15 facilities in total by February 20. As a result of the strike, there has been a 0.4-percent decline in petrol futures for April.
Recent Posts
Arrow Exploration spuds new well in Colombia
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More
Petronas makes discovery off Suriname
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japan’s JERA slates $32 billion for LNG, renewables, new fuels
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron planning UK North Sea exit
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
Seatrium wins yet more FPSO work in Guyana
Seatrium has been awarded a contract by SBM Offshore for the topsides fabrication and integration of an additional FPSO vessel… Read More
Diamond Offshore seals $350-million Gulf of Mexico deal
Diamond Offshore has secured a USD 350-million extension for an ultra-deepwater drillship deployed for Anadarko Petroleum in the US Gulf… Read More