Economic Calendar

Thursday, September 11, 2008

ConocoPhillips Shutting Houston Offices Before Hurricane Ike

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By Jim Polson

Sept. 11 (Bloomberg) -- ConocoPhillips, the second-largest U.S. refiner, released its Houston-area employees and said offices there will close at noon local time in preparation for Hurricane Ike.

The shutdown of the Sweeny, Texas, refinery southwest of Houston continued and production operations in southern Louisiana halted in anticipation of high winds and tides from the storm, Houston-based ConocoPhillips said in a statement posted yesterday on its Web site.

``We are removing personnel from our operations that could potentially be in the storm's path,'' ConocoPhillips said.

Hurricane conditions are possible within 36 hours anywhere between Cameron, Louisiana, to Port Mansfield, Texas, the National Hurricane Center said in a forecast posted at 5 a.m. New York time today. The hurricane warning area includes Houston, the largest U.S. petroleum port.

Valero Energy Corp. is the largest U.S. refiner.

To contact the reporter on this story: Jim Polson in New York at jpolson@bloomberg.net




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