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Exxon Mobil

EU Set For Full Probe Into Exxon, Mobil Merger

The European Commission's (EC) competition department will reportedly launch an in-depth probe into the proposed $87 billion merger of U.S. oil majors Exxon Corp. and Mobil Corp. later this month.


EU Opens Full Probe Into Exxon/Mobil Merger

The European Union reportedly launched a full-scale probe into the proposed $87 billion merger of Exxon Corp. and Mobil Corp., citing a wide range of concerns about competition in the 15-nation EU.


Daewoo to Build 5 LNG Tankers

According to reports, Daewoo Shipbuilding has been tapped to build five LNG tankers LNG tankers valued at $1.20 billion for Qatar Liquefied Gas II which is a joint venture between Exxon Mobil Corp. and state-run Qatar Petroleum.


Double Hull Tanker Delivered For Duty

Exxon Mobil Corporation announced that the M/T Hawk , a new double-hull very large crude oil carrier (9VLCC), was delivered for leasing to a Trust established by MARCARE Shipping Co., a joint shipping venture among subsidiaries of ExxonMobil, the Onassis Group and Petros J. Goulandris Sons Group. The Hawk, the first of two sister vessels to be leased to MARCARE, will be chartered by International Marine Transportation Limited (IMT), a subsidiary of Exxon Mobil Corporation based in the UK.


Vessels: K-Sea Acquires ITB Unit

K-Sea Transportation Partners has acquired the 140,000 barrel capacity double-hulled barge S/R New York and the 8,000 horsepower tugboat S/R Everett. This integrated tug barge unit, built in 2000, had been leased by SeaRiver Maritime, Inc., a subsidiary of Exxon Mobil Corporation, from a financial institution. The purchase price of $34 million was financed using available cash and $25 million in borrowings under a new term loan


K-Sea Acquires Integrated Tug Barge Unit

K-Sea Transportation Partners L.P. has acquired the 140,000 barrel capacity double-hulled barge S/R New York and the 8,000 horsepower tugboat S/R Everett. This integrated tug barge unit, built in 2000, had been leased by SeaRiver Maritime, Inc., a subsidiary of Exxon Mobil Corporation, from a financial institution. The purchase price of $34 million was financed using available cash and $25 million in borrowings under a new term loan


Oil Prices Rally On Tight Supplies

Crude oil prices bolted higher Monday as traders returned from a long holiday weekend to indications that exporting countries may extend the supply cuts that have helped double petroleum prices this year. Crude oil for delivery in February closed 46 cents higher at $26.33 a barrel on the New York Mercantile Exchange, but still failed to lift shares of companies such as Exxon Mobil Corp. and Chevron Corp. in stock market trading


Tanker Blood-bath Continues

Friday's dirty tanker fixture lists revealed the full extent of this week's blood-bath on VLCC trades from the Mideast Gulf. Rates collapsed by 15 percent overnight on Wednesday as shipowners scrambled to book voyages out of the Gulf before September 1 when OPEC cuts are expected to hit tanker demand, brokers said. Exxon mobil fixed the Starlight Jewel for a 275,000 ton cargo to Singapore loading July 24 at W43.5 (about $0


Kerr McGee Big Spender in Gulf of Mexico Lease Sale

Oklahoma-based Kerr-McGee Corp emerged as the biggest spender in a Gulf of Mexico offshore oil and gas lease sale that raised half a billion dollars, according to the U.S. Minerals Management Service. Central Gulf lease sale 178 for exploration blocks off the coast of Louisiana, Mississippi and Alabama raised a total of $505.5 million, up from $300.6 million at the previous lease sale for the Central Gulf in March 2000.


Exxon Says Rising Costs Risk Derailing LNG Boom

A sharp surge in costs to develop liquefied natural gas projects risks halting a growth boom in the industry that has been driven by soaring demand, an Exxon Mobil Corp. an executive said. Exxon expects global demand for LNG to double by 2010 and quadruple by 2020 said the president of Exxon's LNG Market Development unit. But a surge in project costs could put the brakes on the bonanza for gas producers, he said.


Ukraine's Black Sea Gas Ambitions Seen at Risk over Crimea

By Henning Gloystein, Reuters Ukrainian plans for expanding Black Sea natural gas output have been thrown into doubt by Russia's seizure of Crimea, a region linked to most of Ukraine's offshore developments. Past price disputes between Russia and Ukraine have led to the Russians cutting off


ANS oil production to fall 1.8 pct for fiscal year

Alaska's North Slope oil production is forecast to decline 1.8 percent for the fiscal year ending June 30 instead of falling 3 percent as predicted in December, according to a report released this week. The Alaska Department of Revenue predicts production of 521


Bestobell’s Scores Chinese Contract

Image:  Bestobell Valves

Bestobell Valves, part of the President Engineering Group, said it has received a major boost to its marine division with the award of a new contract for cryogenic cargo globe valves from the Hudong Zhonghua shipyard in China. The multimillion dollar contract will see the U.K


Apache CEO, Vermont activist build alliance on climate issues

Steve Farris runs a $33 billion Texas oil and gas company and turns, for advice, to a bearded Vermont environmentalist. As other energy firms battled climate change and anti-pollution activists in recent years, the Apache Corp chief executive instead built an alliance with


Chartered VLCC Makes First Kawasaki Port Call

 Takamatsu Maru : Photo credit NYK

The very large crude oil carrier (VLCC) 'Takamatsu Maru' has arrived at the Kawasaki refinery of TonenGeneral Sekiyu K.K. The 158,000 dwt tankship was chartered by TonenGeneral Sekiyu K.K. from NYK Lines, after the company purchased virtually all of Exxon Mobil Corporation’s Japan business


ACL to Haul for SeaRiver Maritime

American Commercial Lines Will Transport Petroleum Products by Inland Barge for SeaRiver Maritime Inc.   American Commercial Lines (ACL) is pleased to announce that it has entered into an agreement with SeaRiver Maritime Inc., a marine affiliate of Exxon Mobil Corporation


Second Australia Floating LNG Project Planned

Exxon Mobil plans to develop a floating liquefied natural gas project to develop the Scarborough field off the coast of Western Australia. Exxon, whose partner in the field is Melbourne-based BHP Billiton Ltd. (BHP), expects to make a decision on whether to go ahead with the floating LNG venture


Exxon Books Tankers to U.S. at Lowest Rates of 2013

Exxon Mobil Corp. booked two tankers to haul oil to the U.S. Gulf Coast via the Suez Canal in May at what may be this year’s lowest rates, a shipbroker told Bloomberg.com. “The very large crude carriers, each able to haul 2 million barrels of oil


Chet Morrison Add New Hires

Metin Gezer

Chet Morrison Contractors hired industry veteran Metin Gezer as Vice President of Land Construction Services. Gezer is one of several recent leadership additions who will provide support and infrastructure to foster the growth of the company’s construction services for both onshore and


Vandenberg Air Force Base: New Offshore Drilling Site?

Vandenberg Base Upper Left: Photo  CCL2 Wiki

The U.S. Air Force will consider leasing land on Vandenberg Air Force Base for private companies to extract offshore oil and gas from the central California coast, according to a Los Angeles Times report. The proposal would allow oil companies to use onshore equipment with new extended reach


ExxonMobil Launches Series of Environmentally Acceptable Lubricants

Photo: ExxonMobil

ExxonMobil Marine Limited, an affiliate of Exxon Mobil Corporation, introduced Mobil SHC Aware, a new comprehensive series of synthetic, environmentally acceptable lubricants. Mobil SHC Aware synthetic lubricants are formulated to help marine operators enhance vessel reliability


ExxonMobil Environmentally Acceptable Lubricants

ExxonMobil Marine Limited, an affiliate of Exxon Mobil Corporation, introduced Mobil SHC Aware, a new comprehensive series of synthetic, environmentally acceptable lubricants.  Mobil SHC Aware synthetic lubricants are formulated to help marine operators enhance vessel reliability


Aker Philadelphia Lay Keel of Second SeaRiver Tankship

Keel-laying ceremony: Photo credit Aker Philadelphia

Aker Philadelphia Shipyard, Inc. (APSI) has held a ceremonial keel laying for the second of two Aframax tankers that it is building for SeaRiver Maritime, Inc., a Exxon Mobil Corporation’s U.S. marine affiliate. When completed in 2014


Exxon Says Pursuit of Ukraine Skifska Block on Hold

Reuters - Exxon Mobil Corp said its pursuit of the Ukraine Skifska block in the Black Sea has been stalled due to the unrest in that country. Andrew Swiger, senior vice president at Exxon, told investors the company's activity offshore Ukraine was "on hold due to current circumstances


Coast Guard Foundation Announces 2014 Board

Clockwise from top left: Judith Roos, Duncan Smith, Nicki Candies and Michael Carthew

The Coast Guard Foundation, a nonprofit organization committed to the education and welfare of all Coast Guard members and their families, announced its 2014 board of trustees. Consisting of 117members, the Coast Guard Foundation Board of Trustees and Directors oversees management of the


 
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