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.
After several days of rumors, Donald Trump has now officially appointed Rex Tillerson, CEO in ExxonMobil, as his new Secretary of State. Several significant politicians from both major US parties have expressed concerns over the new top diplomat's close relationship to Vladimir Putin.
US-based oil major ExxonMobil has been sentenced to pay a fine of approximately USD 76 billion by a court in the African nation Chad. The fine is greater than what British oil company BP paid in relation to the Deepwater Horizon scandal.
US authorities will now investigate why assets at the country's largest oil company, ExxonMobil, are apparently the only ones in the industry not to decrease in value, as well as how the company accounts for the impact of climate change.
Uncertainty about the market has bunker companies holding back with LNG investments. It will take a political thrust or a high oil price before things become really interesting for the industry. ShippingWatch has interviewed ExxonMobil and IBIA about the potential of the new fuel.
Now that Singapore will make it a legal requirement to use mass flow meters when bunkering at the port, ExxonMobil has also implemented the practice on its bunker deliveries in Hong Kong, ExxonMobil's Regional Sales Manager tells ShippingWatch.
Authorities in the US and Alaska have called off plans to file a USD 92 million lawsuit against Exxon Mobil in relation to the case concerning one of the largest oil disasters in history, with supertanker Exxon Valdez 26 years ago.