Politics

Double Trouble for Chevron

By Clare Foran and National Journal
MIAMI - MAY 24: A gas tanker passes a Chevron petroleum storage tank at Port Everglades May 24, 2004 in Fort Lauderdale, Florida. The port is a major petroleum storage and distribution hub for South Florida. U.S. oil prices today rose to within a few cents of a new 21-year record on Monday as traders and analysts doubted whether Saudi Arabia's weekend pledge to raise output was enough to meet demand. U.S. light crude futures settled up $1.79 to $41.72 after climbing as high as $41.82 at midday.  (National Journal)

U.S. energy giant Chevron Corporation will be forced to pick up the pieces after a fire at a company-operated refinery on Friday morning resulted in one fatality, Reuters reports.

A worker at Chevron's Pascagoula, Miss., refinery, the largest in the state, was killed by a fire that ignited at a furnace in a gasoline-making unit of the plant. The company released a statement saying that the fire is now under control and reporting no further casualties.

The news follows an explosion at a Chevron natural-gas pipeline in Milford, Texas.

The pipeline was consumed by a massive fireball on Thursday after a construction crew struck it accidentally, triggering the explosion, according to CBS.

The event led county officials to evacuate the town. No injuries were reported.