Corrosion that damaged a steel pipe led to a disastrous fire at Chevron’s Richmond refinery last August, oil company officials confirmed in a report released Friday.
Operations are set to resume at a unit of Chevron’s Richmond refinery involved in a major fire last August after state regulators on Friday lifted the order that shut it down.
Chevron Corp. said it has completed repairs at an area of its Richmond refinery that was damaged last year in a fire.
Two East Bay lawmakers have introduced bills in Sacramento meant to address issues that they say came up following last year’s Chevron Refinery fire.
The report concluded that a pipe ruptured due to severe sulfidation corrosion and there was a very low concentration of corrosion-inhibiting silicon in the ruptured pipe.
Chevron says net income rose 41 percent in the fourth quarter as the company produced more oil and gas, improved performance of its refinery business and realized a gain from swapping assets in an Australian natural gas field.
The California Division of Occupational Safety and Health had fined Chevron nearly $1 million for worker safety violations related to a massive Aug. 6 fire at the company’s Richmond refinery.
Chevron has paid about $10 million to cover medical expenses and other claims in the wake of the fire at its Richmond refinery on Aug. 6 and is updating its equipment and safety procedures to prevent a similar incident, representatives from the oil company said Tuesday.
Officials at Chevron Corp. said the company has paid about $10 million and begun what they’re terming “corrective actions” after a fire last summer at its Richmond refinery.
Chevron Corp. expects fourth-quarter earnings to be “notably higher” than third-quarter profit. The company said Thursday that its fourth-quarter results will be helped by bigger gains on asset sales and more oil and gas production.