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Chevron And Shell Win Tender to Supply Petroperu with 1.45 Million Bbl. ULSD

15 Jul

Chevron And Shell Win Tender to Supply Petroperu with 1.45 Million Bbl. ULSD

 

Duo also win bid to dismiss gas station employee’s cancer suit.

Chevron Corporation (NYSE:CVX) and Royal Dutch Shell have won tender to supply 1.45 million barrels of ultra-low sulfur diesels (ULSD) to state run Petroperu, the Peruvian oil and gas state company confirmed.

Petroperu launches the tender a week ago for the procurement of five 290,000-barrel cargoes of USLD for deliveries to begin around early August at the country’s ports located in Concha and Talara. Bids will be valid up till Thursday.

The US oil and gas major and Shell, who both jointly bid for the contract, will see the former delivering supplies on the first, fourth, and fifth cargoes, whereas the latter will supply second and third cargoes. The prices for the winning bids were not disclosed due to confidentiality policies.

Meanwhile, the duo have received a reprieve from the New Orleans judge court, which has thrown out a lawsuit filed by the widow, who claimed that her husband developed a blood cancer directly related to benzene while working at a gas station as an attendant during the 50s and 60s. The court said that Yolande Burst could not prove her husband’s exposure to gasoline responsible for his illness.

Earlier this month, the U.S. District Judge, Sarah Vance, granted a motion to Shell, along with Chevron and Texaco, to exclude the testimony from Robert Harrison, an expert whom Ms. Burst called to explain the linkage between the exposure to benzene and cancer. The defendants pointed out that Mr. Harrison offered to provide evidence, but failed to demonstrate the linkage.

Bernard E Burst Jr. had been diagnosed with myeloid leukemia, which is a blood and bone marrow cancer, and expired the same year. His wife claims that Burst had been working in various gas stations around New Orleans since the late 50’s to the early 70’s, and was allegedly exposed to gasoline from filling the tanks to do mechanical work.

Chevron’s stock price ended the day at $96.69, a decline of less than 2% from the previous day, as the company announced that it will consolidate its Covington and Lafayette offices by the end of 2016. This means that the company’s office at 5750 Johnston St. will be closed, though in a phase wise manner over the course of the next eighteen months. Around 300 workers are likely to be affected, but they will not be laid off in a single go. They will be downsized in phases in sync with the shifting of company headquarters and offices.

 

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Posted by on July 15, 2015 in Technology, Trending Today

 

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