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Friday, January 22, 2021

Exxon Mobil News

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Coronavirus, Consolidation Taking Toll On Energy Jobs

Oil and gas companies worldwide are taking an axe to their employment rolls, shedding workers to survive what is expected to be a prolonged stretch of weak demand.Exxon Mobil Corp said it will cut its workforce by 15%, or about 14,000 people, along with oil majors Chevron Corp and Royal Dutch Shell Plc.All told, more than 400,000 oil and gas sector jobs have been cut this year, according to Rystad Energy, with about half of those in the United States, where several big exploration companies and most large oil service companies are headquartered.Coronavirus has devastated swathes of the global economy

(Photo: ExxonMobil)

Exxon Considering Global Job Cuts after Lay-Off Plan in Australia Revealed

Exxon Mobil Corp is assessing possible worldwide job cuts, a spokesman said on Wednesday, after the company announced a voluntary lay-off program in Australia.Exxon is the latest oil major to embark on axing jobs spurred by a historic collapse in fuel demand because of the coronavirus pandemic.The company has slashed capital spending this year by 30% to around $23 billion and said in August it planned both capital and operating expense cuts to defend its dividend after reporting losses in the first and second quarters."We have evaluations underway on a country-by-country basis to assess possible

Dr. Tom Coolbaugh (Photo: ARA)

ARA Taps Coolbaugh as Ohmsett Facility Manager

Manager for Ohmsett – The National Oil Spill Response Research & Renewable Energy Test Facility. He will have oversight of the day-to-day operations, maintenance and testing at the facility, while ensuring facility users’ needs are met.Dr. Coolbaugh recently retired after 32 years with ExxonMobil Corporation, most recently as the Technology and Advocacy Advisor in the Emergency Preparedness and Response organization. His focus areas have included oil spill response tools such as dispersants, in-situ burning, and remote sensing, in addition to training. He holds a Bachelor of Arts and

In Guyana, Exxon produces oil via the Liza Destiny FPSO (File photo: Hess Corp)

Exxon Names Country Head in Emerging Hot Spot Guyana

Exxon Mobil Corp said on Thursday it had named its former Qatar country manager as the chief of its operations in Guyana, a South American country that just started producing crude last year and is seen as key to the company's future.Alastair Routledge takes over after the company, as part of a consortium with Hess Corp and China's CNOOC Ltd, has discovered some 8 billion barrels of oil and gas off the coast of Guyana, a poor country with no history of oil production.While crude exports have the potential to spur economic development, Routledge will have to contend with political turbulence

Wael Sawan (Photo: Shell)

Shell Appoints Sawan as Upstream Boss

."I am grateful to Andy for his strong leadership of the Upstream business, particularly having improved business performance during the recent years of low oil prices," Chief Executive Officer Ben van Beurden said in a statement.Shell, the second largest publicly-traded oil company behind Exxon Mobil, produced nearly 3.6 million barrels per day of oil and gas equivalent in the third quarter of 2018.Shell transformed its upstream operations following the $54 billion acquisition of smaller rival BG Group in 2016 that gave it a leading position in Brazil's rapidly growing deepwater production

© Cla78 / Adobe Stock

Equatorial Guinea Punishes Subsea 7

;Companies operating in the oil sector have an obligation to work within the confines of our very flexible and pragmatic local content regulations," Gabriel Obiang Lima, minister of hydrocarbons and mines said in a statement.Operators ordered to stop working with Subsea 7 include Noble Energy, Exxon Mobil and Marathon Oil .Subsea 7 was not immediately available to comment on the banning order, although it said in September it was aware of the increased focus on local content and would "work closely with authorities to ensure we meet all applicable local regulations."Obiang Lima said he

ExxonMobil Hires Crude Trader in Singapore

Crude oil trader Michael Huang is expected to join Exxon Mobil Corp in Singapore soon as the U.S. major expands its trading team to sell its oil into China, the world's top importer of the commodity, three industry sources said.   Huang was recently a Singapore-based crude trader for Chinese independent refiner Wonfull Petrochemical, purchasing feedstock for its Shandong refinery and carrying out hedging activities. He left the company in late June, the sources said on Monday.   Before Wonfull, Huang has worked for China's CEFC International Singapore, the Intercontinental Exchange (ICE)

Rick Meidel (Photo: Crowley)

Meidel Joins Crowley Fuels in Alaska

Rick Meidel has joined Crowley Fuels as vice president and general manager, responsible for the performance and day-to-day operations of Crowley’s Alaska division. Meidel previously spent 32 years with ExxonMobil in downstream lubricants, retail fuels marketing, refinery optimization and natural gas and co-generation power commercialization. He earned a bachelor’s degree in electrical engineering from Washington University in St. Louis.  In his new role, Meidel will be based in Anchorage and report to Rocky Smith, senior vice president and general manager. “Crowley

Maersk Drilling Axes Dozens of Staff

termination will likely be permanent unless the company secures a new contract for the Viking.   The Maersk Viking drillship was delivered to Maersk Drilling in February 2014 by Samsung Heavy Industries shipyard in Geoje-Si, South Korea.   Previously, the Maersk Viking was operating for Exxon Mobil Corp. on the Julia field in the U.S. Gulf of Mexico up until Dec. 2017, according to a company press release.  

Len Badal (Photo: BioBlend)

Badal Joins BioBlend Executive Team

demand for environmentally friendly lubricants.   Badal is a graduate of the United States Military Academy at West Point, and holds an MBA with a concentration in Finance from Rice University in Houston. Throughout his career Badal has held a number of high-level positions with both Chevron and ExxonMobil and delivers a diverse range of experience that will aid BioBlend’s future growth, the company said.   “Len brings exceptional business experience and technical knowledge to BioBlend,” said Sam Burkett, President of BioBlend. “BioBlend has grown significantly over

File photo: Harald Pettersen / Statoil

Most Norwegian Oil Workers Agree to Wage Deal

top oil and gas producer with daily output in April of around 2.1 million barrels of oil, condensate and natural gas liquids, as well as natural gas corresponding to about 1.7 million barrels of oil equivalent.   Top operators offshore Norway include, among others, Statoil , Aker BP, Total, Exxon Mobil , Shell and Centrica. (Reporting by Oslo newsroom; Editing by Mark Potter)  

Photo: The Centre for Marine Simulation

Simulation: The Centre for Marine Simulation

procedures, and evaluate risk. A significant project that CMS has been involved in over the past year is the tow to field simulation for the Hebron Platform. The Hebron Platform is a gravity based structure (GBS) that will be used in offshore oil production on the Grand Banks of Newfoundland for Exxon Mobil and its partners. This project will see the 700,000 ton structure floated and towed by six vessel some 300 nautical miles to its offshore site. CMS has conducted this type of work before, notably with the Hibernia GBS, but it nonetheless is a highly challenging technical project.   With

MSRC Names Dulisse CEO

 Oil spill response organization Marine Spill Response Corporation (MSRC) has named Carmine Dulisse as its new President and CEO effective March 1, 2017.   Dulisse joins MSRC after more than 30 years with ExxonMobil in various roles, including the maritime and crisis management arenas. He was one of the founding officers of the Marine Well Containment Company (MWCC) in the capacity of Health, Safety, and Environmental Officer from 2011 to 2015, prior to returning to ExxonMobil as the corporation’s Global Emergency Preparedness & Response Manager. He served in this capacity until

Imraan Bux (Photo: Global Maritime)

Global Maritime Strengthens Ports & Shipping Department

;Bux  has many years’ experience working for the National Ports Authority of South Africa within port engineering, as senior maritime engineer at Ove Arup and Partners in London as well as working on major civil and marine engineering projects for oil & gas majors Shell International and ExxonMobil. He has worked on various large scale port and marine infrastructure projects across the world which includes dredging and constructability. Bux is a Professional Engineer (PrEng) with an MSc in Coastal Engineering and Port Development from Delft in the Netherlands also including an

(Image: MarineLink.com)

MarineLink.com Gets a Facelift

at SMM 2016 in Germany this year, brings insightful interviews with the industry’s top executives right to your screen.     Check out the latest Marinelink.com and see Maritime Reporter TV’s debut interviews including top executives from MAN Diesel & Turbo, Alfa Laval, ExxonMobil and many more.  

Norwegian Unions Say 755 O&G Workers Could Strike

members should receive pay increases matching those in other industries.   The Industri Energi union said it would take out 524 members if the talks break down, affecting the Statoil-operated Oseberg, Gullfaks and Kvitebjoern fields.   The SAFE union said it would take out 156 workers on ExxonMobil's Balder, Jotun and Ringhorne fields.   In addition, 75 workers on Engie's Gjoea field would also go on strike, the smaller Lederne union said.   Engie said it would shut Gjoea in the event of a strike, while ExxonMobil said a strike would affect its operations.   Statoil

Bonga FPSO (Photo: Shell)

Floating Production's Future: The 6 Things You Need to Know Now

barrel.  The nadir was on 20 January 2016 when spot Brent closed at $26 – a level far below the breakeven on many oil fields.   As a result of the oil price collapse, daily announcements of lower capital spending have been common over the past six to 12 months – from majors like ExxonMobil to smaller upstream players like Premier, Cobalt, others. ExxonMobil, for example, in March said it will budget $23.2 billion in capital spending in 2016 – down 25% from the $31.1 billion spending in 2015 and 45% lower than the peak spending of $42.5 billion in 2013. Over the past two

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