Exxon Mobil Corporation’s board of directors has elected David S. Rosenthal as vice president and controller and Jeffrey J. Woodbury as vice president of investor relations and secretary, effective Sept. 1. Rosenthal, 58, is currently vice president of investor relations and secretary. He began his career with Exxon in 1979 as a financial analyst at Exxon Chemical Americas in Houston, Texas. After holding a variety of financial and management positions of increasing responsibility in Exxon Chemical Americas and Exxon Company U.S.A., Rosenthal was appointed finance and administration manager of Exxon's copper mining subsidiary in Santiago, Chile in 1994. He became financial reporting manager for Exxon Corporation in 1997 and the following year was made finance and administration manager for Exxon Exploration Company. Rosenthal became controller of ExxonMobil Production Company in 2002 and was assistant controller for Exxon Mobil Corporation for two years prior to being elected to his current position in 2008. A native of Denver, Colorado, Rosenthal is a graduate of the University of Georgia, where he received both a bachelors and masters degree in business administration. He is a member of Financial Executives International. Woodbury, 54, is currently vice president of safety, security, health and environment for Exxon Mobil Corporation.
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.
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.
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.
Stephen D. Pryor, president, ExxonMobil Chemical Company and vice president of Exxon Mobil Corporation, has elected to retire on January 1, 2015, after more than 44 years of service. It is anticipated that the board of directors of Exxon Mobil Corporation will appoint Neil A. Chapman as president of ExxonMobil Chemical Company and elect him a vice president of the corporation, effective Jan. 1, 2015. Chapman is currently senior vice president, Polymers, ExxonMobil Chemical Company
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 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
U.S. oil major Exxon Mobil said on Friday the U.S. Treasury Department granted it a license to wind down operations on a drilling well in the Kara Sea in the Russian Arctic. U.S. sanctions on Russia over its aggression in the Ukraine seek to stop billions of dollars worth of cooperation between Western and Russian energy companies on oil drilling in Russia's Arctic, in Siberia and offshore. Reporting by Timothy Gardner
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
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.
Pavilion Energy Pte Ltd (Pavilion) and Exxon Mobil Corp. (ExxonMobil) will work together to develop liquefied natural gas (LNG) bunkering in Singapore, as well as other downstream projects, reports the Straits Times. Both companies will also look at developing other downstream
The Houston Ship Channel re-opened to some vessel traffic on Tuesday afternoon, the U.S. Coast Guard said, after an early morning tanker fire prompted closure of the waterway. The U.S. Coast Guard Houston Vessel Traffic Service said it would commence with tow vessel transit outbound from
Four Houston-area refineries were unable to receive crude oil from tankers on Tuesday after a portion of the Houston Ship Channel was shut due to a fire aboard an empty tanker, according to the U.S. Coast Guard. In Texas, Valero Energy Corp's Houston refinery
BP, Conoco Phillips, and Exxon Mobil said that the 65-billion dollar megaproject would be too unprofitable for them to move into the next phase of development. The Big 3 oil companies have told state lawmakers that the proposal on the table to pipe
Exxon Mobil Corporation (NYSE:XOM) announced today that it will donate $500,000 to the American Red Cross and the Greater Baton Rouge Food Bank to support local flooding disaster relief assistance in Louisiana. “Our thoughts and prayers are with our friends and neighbors in Louisiana who
British oil company BP Plc has loaded a cargo of Alaskan North Slope (ANS) crude for export, according to two trade sources and Reuters Trade Flows data, the latest indication that exports of Alaskan crude are becoming less rare. The crude loaded on the Cascade Spirit
India is trying to renegotiate LNG deal with Australia and looking at lowering the price of liquefied natural gas it plans to buy from the Gorgon project, says a report form PTI. According to sources, when LNG deals are being done at 12 per cent or 12
British oil company BP Plc has chartered a foreign-flagged vessel to transport Alaskan crude, the company said on Monday, the latest sign that producers of Alaskan North Slope, or ANS, crude are eyeing new markets. ANS is mostly transported to the U.S. West Coast on U.S
Alaskan North Slope (ANS) crude will be shipped to Nicaragua for the first time in July, two trade sources said on Friday, underscoring a shift in oil flows to and from the U.S. West Coast. A parcel of the medium grade crude is on its way to the Pacific Area Lightering (PAL) near southern
Alan Kelly, president of ExxonMobil Fuels, Lubricants & Specialties Marketing Company, has announced his intention to retire effective Aug. 1, 2016, after more than 34 years of service. It is anticipated that the board of directors of Exxon Mobil Corporation (NYSE:XOM) will appoint Bryan
Preliminary work got underway on Monday to restart three of Total's French oil refineries stopped as part of nationwide strikes against planned changes to employment laws, but workers were still on strike at the country's two main oil ports.
Oil sector workers of French CGT and FO unions voted on Monday to begin a strike at Exxon Mobil's 240,000 barrels-per-day Port Jerome refinery in northern France, the unions said in a joint statement. Workers at a port terminal in Le Havre, northern France
Oil majors are in talks with Mexico’s state-owned Petroleos Mexicanos (Pemex) as the struggling state-run oil producer seeks partners to develop deepwater crude in the Gulf of Mexico, reports Bloomberg. Petroleos Mexicanos is in talks with Exxon Mobil Corp
Exxon Mobil terminates earlier the West Capella working in Nigeria in the Usan Field. John Fredriksen-backed drilling firm Seadrill Partners LLC has received a notice of termination from Exxon Mobil. In accordance with the cancellation for convenience provisions in the West
French oil sector workers of the CGT trade union will join a national strike at refineries and other installations from May 17 to May 20 against a planned government reform of French labour law, a CGT union official told Reuters on Friday.