Oil major Exxonmobil's plans to sell off its Norwegian business could lead to the biggest sale on the Norwegian Shelf since 2006, according to Wood Mackenzie. The analyst firm points mainly to North Sea players as obvious buyers of the large portfolio.
Major oil companies are prepared to grab an even bigger share of the bunker market as direct suppliers to shipping companies after the new sulfur regulations enter force. ExxonMobil and Total tell ShippingWatch about their expectations following Jan. 1, 2020.
Even though the global sulfur regulations in 2020 have been known for years, far from all shipowners are prepared for them. It is a matter of understanding as well as communication, says Luca Volta, marine fuels venture manager at one of the world's largest oil companies, ExxonMobil.
The upcoming sulfur regulations will boost demand for low-sulfur fuel significantly, and oil major ExxonMobil now plans to invest in its UK-based refinery in an effort to get on board the wagon, reports the Financial Times.
During the first half of 2018, ExxonMobil will be ready to accelerate its production of cleaner fuels, reports Reuters. The big question in the shipping industry is whether there will be enough clean fuel.
During the first half of 2018, ExxonMobil will be ready to accelerate its production of cleaner fuels, reports Reuters.. The big question in the shipping industry is whether there will be enough clean fuel.
A survey published by US-based oil major ExxonMobil shows that a significant majority of the queried carriers are unsure about what they need to do in order to comply with the upcoming 2020 sulfur cap.
Rising energy prices and intense focus on trimming costs boosted many oil companies above analyst expectations in their Q2 interim reports released last Thursday and Friday. However, even oil execs are starting to turn away from fossil fuels and drive electric cars.
The new CEO of US oil company ExxonMobil, who took over the position from the current US Secretary of State, Rex Tillerson, will continue to invest billions in the Gulf of Mexico in both new and existing refineries.
Donald Trump's choice for US secretary of state, Rex Tillerson, plans to sell out of his shares in the oil company ExxonMobil if he is approved for the job. Until the turn of the year, Tillerson was CEO of the company and he has been criticized for his close ties to Russia.