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Thursday, January 18, 2018

Exxon Mobil News

ExxonMobil Announces Oil Discovery Offshore Guyana

(Photo: ExxonMobil)

Exxon Mobil Corporation announced its sixth oil discovery offshore Guyana since 2015, following positive results from its Ranger-1 exploration well. The Ranger-1 well discovery adds to previous discoveries at Liza, Payara, Snoek, Liza Deep and Turbot, which are estimated to total more than 3.2 billion recoverable oil-equivalent barrels. ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. began drilling the Ranger-1 well on November 5, 2017 and encountered approximately 70 meters of high-quality, oil-bearing carbonate reservoir.

ExxonMobil's Board Elects Two Vice Presidents

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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. 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.…

President Pryor Retires from ExxonMobil Chemicals

Stephen Pryor

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.

Milton to Replace Retiring Kelly, President, ExxonMobil

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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 Milton as president of ExxonMobil Fuels, Lubricants & Specialties Marketing Company and elect him as a vice president of the corporation. Milton is currently president, ExxonMobil Global Services Company.

Nordic American Tankers Signs TC with Cepsa

Photo: Nordic American Tankers

Nordic American Tankers has announced that it entered into an one-year term charter with the major Spanish oil company Cepsa for a ship. The company says  is the 2004 built Nordic Castor is expected to be delivered on the time charter in late February for a contract of up to 15 months. "She is expected to be delivered on the time charter late February, subject to a satisfactory inspection in next discharge port. The fact that NAT has only one million barrel suezmax ships allows us to achieve economies of scale. The agreed rate secures a good cash flow," said a company statement.

Cohen Retires from ExxonMobil, McCarron to Takeover

Ken Cohen Courtesy ExxonMobil

Ken Cohen, vice president, Public and Government Affairs, Exxon Mobil Corporation, has announced his intention to retire effective Jan. 1, 2016, after more than 38 years of service. It is anticipated that the board of directors will elect Suzanne McCarron as vice president, Public and Government Affairs, Exxon Mobil Corporation. McCarron is currently general manager, Public and Government Affairs, and president, ExxonMobil Foundation, the primary philanthropic arm of the Exxon Mobil Corporation in the United States.

Hudong-Zhonghua to Build LNG Carriers for PNG, Gorgon Jansz

Exxon Mobil Corporation (ExxonMobil) and Mitsui O.S.K. Lines, Ltd. (MOL) announced that they have selected Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong), a subsidiary of China State Shipbuilding Corporation, to build four LNG carriers in China. These carriers will provide LNG transportation from the Papua New Guinea (PNG) and Gorgon Jansz LNG projects and will be jointly owned by MOL and China Shipping (Group) Company (CS). A ceremony was held in Beijing to celebrate the execution of a Project Development Agreement and a Heads of Agreement for Shipbuilding Contracts in the presence of Mr. Zhang Guobao, vice chairman, National Development and Reform Commission…

Exxon Mobil Signs EPSA to Explore Offshore Libya

Exxon Mobil Corporation announced that its subsidiary, ExxonMobil Libya Limited, has signed an Exploration and Production Sharing Agreement (EPSA) with Libya's National Oil Corporation (NOC) to begin exploration activity offshore Libya. The agreement covers the large Cyrenaica Basin Contract Area 44, which was awarded in the second round of EPSA IV licensing in October. The contract area comprises 2.5 million acres and is located offshore in water depths ranging from approximately 10 feet to more than 10,000 feet.

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, minimize maintenance costs and reduce potential environmental impact. Developed through extensive laboratory and in-service testing, theMobil SHC Awarerange includes Mobil SHC Aware H hydraulic fluids…

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, minimize maintenance costs and reduce potential environmental impact. Developed through extensive laboratory and in-service testing, theMobil SHC Awarerange includes Mobil SHC Aware H hydraulic fluids, Mobil SHC Aware ST stern tube lubricants; Mobil SHC Aware Grease EP 2 multipurpose grease and Mobil SHC Aware Gear range of gear oils. www.exxonmobil.com   (As published in the October 2013 edition of Maritime Reporter & Engineering News - www.marinelink.com)

ExxonMobil, Greek Ship Owners Celebrate 50-Year Partnership

Ray Pomfret and Mathew Los, Chairman of the Greek Group, at the Yacht Club of Greece in Athens exchanging gifts.

ExxonMobil Marine Lubricants and the Greek Group, a collection of likeminded Greek shipping families, celebrated a 50-year business partnership this summer, representing the oil company’s longest-running supply agreement with a Marine customer organization. The Greek Group was established in 1961 when nine shipping family companies formed a fuel and lubricants purchasing group with Mobil Bunker Ltd., London. The original companies, organised as the Prometheus Group, were mainly from the island of Chios in the eastern Aegean sea and had settled in London during World War II.

Jerry Wascom To Be Appointed President Of ExxonMobil Refining & Supply

ExxonMobil

The Board of Directors of Exxon Mobil Corporation is expected to appoint D.G. (Jerry) Wascom, president of ExxonMobil Refining & Supply Company and elect him a vice president of the corporation, effective Aug. 1, 2014. Wascom, 58, is currently director of refining for North America, ExxonMobil Refining & Supply Company. He began his career in 1979 as a refining engineer at Baton Rouge refinery in Louisiana for Exxon Company USA. He progressed through various engineering and supervisory…

ExxonMobil Signs EPSA IV Agreement for Exploration

Exxon Mobil Corporation confirmed that its subsidiary, ExxonMobil Libya Limited, has signed an Exploration and Production Sharing Agreement (EPSA) with Libya’s National Oil Corporation (NOC) to initiate exploration activity offshore Libya in the Sirte Basin. The agreement includes four blocks located in Contract Area 20, approximately 100 miles off the Libyan coast, which were awarded to ExxonMobil in the third round of EPSA IV licensing in December. The contract area comprises 2.5 million acres and is situated in water depths ranging from approximately 4,000 feet to more than 6,500 feet. Elsewhere in Libya, ExxonMobil is in the very early stages of an exploration program in Contract Area 44 in the offshore Cyrenaica Basin…

Mobil Says Oil Discovery off Guyana is 'Significant'

Photo by ExxonMobil

Unlike almost all its neighbors, Guyana isn’t an oil producer yet. But the energy giant Exxon Mobil recently announced it had discovered “significant” oil off the coast. The discovery could put Guyana on oil and gas Map and the country could become a player in the oil marketplace. However, it will take months to ascertain the size and commercial potential of this discovery. And there could be issues, as the waters also claimed by Venezuela as part of a long-running border dispute between the South American countries.

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. The joint venture, in which all three partners hold an equal share, was formed in December 1998. The ship was built by Hyundai Heavy Industries and delivered at a naming ceremony today at Hyundai's Ulsan, Korea shipyard, the world's largest yard. The 307,000 dwt Hawk is 1,100 ft. (335 m) long, 190 ft.

ExxonMobil Receives Excellence Award At World Petroleum Congress

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Industry leadership in producing liquefied natural gas (LNG) earned Exxon Mobil Corporation an Excellence Award today at the World Petroleum Congress in Moscow. ExxonMobil received the Excellence Award for Technical Development for its leadership in safety, environment and technology in the development of the global LNG industry through strong partnerships and long-term vision. “ExxonMobil’s history as an LNG producer dates back to 1970 and continues today with key partnerships in a number of projects including those in Qatar and Papua New Guinea,” said Rex W.

ExxonMobil to Integrate Lubricants Businesses in Europe

ExxonMobil Lubricants announced it is integrating the Esso and Mobil lubricants operations in Europe. The European regional office for the ExxonMobil lubricants business has been established in Brussels and is fully operational. The integration at the country level will begin shortly and should be completed by the end of the year. This consolidation of ExxonMobil's lubricants business follows receipt of European regulatory approvals and completion of an agreement to dissolve the Mobil-BP joint venture.

Hudong-Zhonghua Selected to Build LNG Carriers

Exxon Mobil Corporation (ExxonMobil) and Mitsui O.S.K. Lines, Ltd. (MOL) announced today that they have selected Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong), a subsidiary of China State Shipbuilding Corporation, to build four LNG carriers in .  These carriers will provide LNG transportation from the Papua New Guinea (PNG) and Gorgon Jansz LNG projects and will be jointly owned by MOL and China Shipping (Group) Company (CS). 

ExxonMobil Announces Completion of $2-Billion Sable Gas Project

Exxon Mobil Corporation announced the completion of the $2-billion Sable Offshore Energy Project off the coast of Nova Scotia, Canada, with the delivery of the first sales gas into the Maritimes & Northeast Pipeline. The project consists of three offshore platforms, a 125-mile subsea pipeline, natural gas-processing and fractionation plants and a 650-mile gas sales pipeline to New England, and is consistent with ExxonMobil's strategy of increasing gas and liquids production and expanding opportunities in key markets. Initial production to the project's newly-constructed gas plant in Goldboro, Nova Scotia, commenced in mid-December and has averaged approximately 100 mcfd.

Exxon Mobil Corporation Declares Q2 Dividend

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  The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) today declared a cash dividend of 69 cents per share on the Common Stock, payable on June 10, 2014 to shareholders of record of Common Stock at the close of business on May 13, 2014. This second quarter dividend compares with 63 cents per share paid in the first quarter of 2014. Through its dividends, the corporation has shared its success with its shareholders for more than 100 years and has increased its annual dividend payment to shareholders for 32 consecutive years. - : http://news.exxonmobil.com

ExxonMobil Begins Construction of Project Offshore

Exxon Mobil Corporation has announced that its subsidiary, Mobil Equatorial Guinea, Inc. (MEGI), has awarded contracts and started construction to expand current production of the Zafiro field, offshore Equatorial Guinea. First production from the new $900 million project is scheduled for September 2003. (425-850 meters). utilize an early production system and recover about 150 million barrels of oil. development consists of subsea wells tied back to a Floating, Production, Storage and Offloading (FPSO) vessel. capacity. expected to continue until 2004. southern area of the Zafiro field. Production from this field will significantly enhance the strong performance of the Zafiro area and add to the overall production in country. Production from the Zafiro field began in August 1996.

ExxonMobil, Imperial Oil Employ DH Barge in Vancouver

ExxonMobil Marine Fuels (EMMF) and Imperial Oil have commissioned a new double-hull barge to complement existing marine fuels services at Canada's port of Vancouver. The state-of-the art ITB Provider, owned by established Vancouver operator Island Tug & Barge, has a fuel capacity of 2,200 tonnes, and can deliver HFO/IFO and MGO simultaneously at a rate of up to 500 tonnes per hour. It will complement the ITB2, which is already refuelling vessels at Vancouver, and the Imperial Oil barge Imperial Nootka, which is supplying marine lubricants and smaller MGO deliveries. Imperial Oil is the only supplier in the Port of Vancouver with bunker storage facilities. network.

Exxon Mobil Makes Major Find Off Nigeria

Exxon Mobil Corp. made a major oil and gas discovery in the deepwater off the coast of Nigeria. Located about 100 miles southeast of Lagos, the discovery well, Erha-1, was drilled from December 1998 to February 1999. Exxon Mobil said the appraisal well, Erha-2, stood in 3,860 feet of water and was drilled to a total depth of 12,287 feet. It tested at a flow rate of 2,800 barrels per day. As operator, Exxon will hold a 56.25 percent participating interest and Shell Nigeria Exploration and Production Co., a unit of the Royal Dutch/Shell Group, will a hold 43.75 percent stake. Including the Erha find, Exxon Mobil holds an interest in 44 deepwater blocks in West Africa.

Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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