Exxon Chief Backs More Access to Offshore Acreage

Friday, September 15, 2006
ExxonMobil Corp supports legislation that would give companies greater access to offshore U.S. oil and gas acreage, chief executive officer Rex Tillerson said. Two bills that would open up potential oil and gas reserves are being debated in the US Congress. A House of Representatives bill that would end a decades-old moratorium on drilling in federal waters is better than a Senate proposal, which opens tracts only in one section of the Gulf of Mexico, Tillerson said.

Tillerson spoke at an Organization of Petroleum Exporting Countries seminar in Vienna on the importance of technology in meeting world energy demand. The conference, which is being held in Vienna’s Hofburg Palace, follows an Opec meeting two days ago where members agreed to maintain the group’s production target of 28mn bpd, brushing aside concern by Nigeria, Algeria and others that weaker demand could soon force prices lower.

Technology has enabled companies and oil producing countries in the past 50 years to triple to 3tn barrels the worldwide estimate of the amount of oil that can be produced, Tillerson said. Nanotechnology, the science of building devices from single atoms, rigs that can drill in 1,800m of water, and other advances will help producers meet an expected 50% increase in oil demand by 2030, he said. Source: Bloomberg

Maritime Reporter August 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Del Mar Signs Agency Agreement with Ciramar

Del Mar Marine Corp. announced it has signed an agency agreement with Ciramar Shipyards allowing the company to promote Ciramar Shipyard´s docking and facilities

Bouchard Orders Two Newbuild ATB Tugs

Morton S. Bouchard III, President and CEO of Bouchard Transportation Co., Inc., today announced the next step in Bouchard Transportation Co., Inc.’s ongoing fleet

Great Lakes Shipyard Wins EPA Drydock Contract

Great Lakes Shipyard has been awarded a contract for the United States Environmental Protection Agency (EPA) vessel R/V Lake Explorer II. The scope of work will include drydocking,

Offshore

Japan Loans Petrobras $500m to Build Ship Platforms

Brazil's state-controlled oil company Petrobras signed on Friday a $500 million loan from Japan to build eight ship platforms for the oil industry, as part of the

ESS Lands Second Contract with Dolphin Drilling

ESS Support Services Worldwide, part of Compass Group, has won a new, three-year contract, worth £10.5 million, to provide hotel and catering services to Dolphin Drilling Ltd.

MNZ Opens New Office in Port Taranaki

Maritime New Zealand (MNZ) informs that for the first time in 5 years it has a permanent presence in New Plymouth on the opening of a new office at Port Taranaki

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1276 sec (8 req/sec)