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ExxonMobil will look for oil in Russian Arctic and Black Sea

More than a $500 billion investment in a joint venture ExxonMobil (XOM) and Rosneft, the U.S. and Russian oil giants, said Wednesday that they could invest more than $500 billion in a joint venture that would explore for and produce oil in the Arctic and the Black Sea.Under the Exxon-Rosneft deal, the Texas-based company will have access to some of the world's richest sources of crude oil and other hydrocarbons in the Russian Arctic and Black Sea. In turn, Rosneft subsidiaries will take minority stakes in two Exxon projects in the U.S. and Canada and will have an option to take a stake in a project in the Gulf of MexicoIn a presentation in New York, Rosneft said recoverable hydrocarbon reserves at the three key Arctic fields are estimated at 85 billion barrels of oil equivalent. The companies are planning to drill the first exploratory wells in the Arctic's Kara Sea, north of Siberia, as early as 2014.The final investment decision is expected between 2016 and 2017, they said.Russian energy czar Igor Sechin promised the government's support for the project, which he said would help modernize the whole Russian economy. The deputy prime minister said the Arctic project is a ...

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Ship attacked at Exxon Nigerian oil platform

No clues for the identity of the attackers or the reason for their action Gunmen attacked a ship supplying an Exxon Mobil oil platform off the Nigerian coast, the company said on Tuesday, less than three weeks after someone was kidnapped from a vessel at one of its facilities in the same waters.Kidnappings are relatively common in the onshore oil-producing Niger Delta but since an amnesty was agreed with militants in 2009 and the military have cracked down on gangs in the creeks, more attacks have spread offshore."Mobil Producing Nigeria, operator of the joint venture with the Nigerian National Petroleum Corporation, confirms that in the early hours of Monday October 17, 2011, some armed men attacked a third party vessel near our facilities, offshore Akwa Ibom State," a company statement said on Tuesday."At this time, we do not know the identity of the attackers, nor reason for their action. The incident has been reported to security and relevant government agencies."The company did not say if anyone had been kidnapped or what happened to the vessel.A sailor was kidnapped from a ship supplying an Exxon oil platform in the same region on Sep. 30. There has been no update on his ...

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Exxon Mobil estimates Yellowstone spill will cost $42 million

The cleanup may continue for several more months Exxon Mobil Pipeline Co. has told federal regulators that its oil pipeline spill into Montana's Yellowstone River will cost about $42.6 million.That figure was included in documents obtained Monday by The Associated Press as a result of a public information request submitted to federal pipeline regulators. The July 1 pipeline break near Laurel spilled an estimated 42,000 gallons, or 1,000 barrels, of crude oil into the scenic waterway.Exxon Mobil's cost estimate includes $40 million for emergency response work and $2.5 million for damage to public and private property. The company valued the lost oil at $100,000.About 1,000 people are involved in mopping up the spill, which fouled dozens of miles of riverbank. Exxon Mobil said last week the cleanup may continue for several more months.Source: Huffington Post

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Exxon Mobil must pay $1.5 billion for gas station leak

160 families and businesses affected by a 2006 gasoline leak in Maryland Exxon Mobil is being ordered to pay more than $1.5 billion in damages to 160 families and businesses affected by a 2006 gasoline leak in Maryland.Jurors awarded more than $1 billion in punitive damages on Thursday, after earlier awarding $495 million in compensatory damages.The award in Baltimore County Circuit Court follows a $150 million award in 2009 involving about 90 households. The company is appealing that ruling.Exxon Mobil Corp., based in Irving Texas, said the facts do not support the latest ruling and that it will appeal it as well.The 2006 leak occurred in Jacksonville, a small, affluent community about 20 miles north of Baltimore. An underground pipe that burst beneath the gas station allowed more 26,000 gallons of gasoline to escape.Source: Associated Press

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Exxon Texas refinery reports 8-week propylene leak

A tubing leak was discovered Exxon Mobil Corp. has told Texas environmental regulators there was an eight-week-long, 108,000-pound propylene release at the company's refinery complex near Houston.Irving, Texas-based Exxon reported to regulators a tubing leak was discovered on June 2 in the chemical plant portion of the sprawling complex in Baytown. The leak was isolated within a half-hour, but Exxon says the leak may have started on April 12.Propylene is a component of ground-level ozone. According to the report, Exxon isn't permitted to release any propylene at the olefins plant.Exxon says it won't comment beyond the report it made to the Texas Commission on Environmental Quality.TCEQ says it is investigating the incident.Source: Huffington Post

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USCG report unveils that ExxonMobil failed to notify the death of seafarer

The third assistant engineer died after picking up a live wire while conducting electrical repairs A safety audit carried out more than a month after a fatality on board has identified deviations that pose a threat to personnel.A US Coast Guard (USCG) report into a fatality on board an ExxonMobil-controlled chemical tanker has revealed how the shipowner failed to notify the loss of life to a classification society during a safety-management-system audit.The incident dates back to January 2009 on board the 47,781-dwt Wilmington (built 1984), when third assistant engineer Christopher Erickson died after picking up a live wire while conducting electrical repairs.A USCG probe into the accident found numerous safety failings and identifiable deviations from the International Safety Management code and Safety Management System, which posed a threat to personnel.

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Incidents due to main engine control failures have increased

These incidents led vessels drifting to coastline or requiring assistance to emergency anchorage INTERTANKO has received a Safety Alert Bulletin from International Marine Transportation Limited (ExxonMobil) saying that there has been an increase in the number of incidents attributable to main engine control failures. In a number of cases, such incidents have led to vessels drifting relatively close to the coastline, or requiring to be assisted to an emergency anchorage.This bulletin is to highlight this increasing trend and to encourage an internal review of main engine control system (remote/emergency) operations, inspections and maintenance procedures, aimed at minimising such failures.Prudent passage planning includes assessing the potential for the loss of propulsion and identifies mitigating actions to address such events. However, only the rapid restoration of propulsion control will ensure the safety of a vessel, its crew and the environment.To view the Safety Alert Bulletin click hereSource : INTERTANKO

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Incidents due to main engine control failures have increased

These incidents led vessels drifting to coastline or requiring assistance to emergency anchorage 800x600 Normal 0 false false false EL X-NONE X-NONE MicrosoftInternetExplorer4 INTERTANKO has received a Safety Alert Bulletin from International Marine Transportation Limited (ExxonMobil) saying that there has been an increase in the number of incidents attributable to main engine control failures. In a number of cases, such incidents have led to vessels drifting relatively close to the coastline, or requiring to be assisted to an emergency anchorage.This bulletin is to highlight this increasing trend and to encourage an internal review of main engine control system (remote/emergency) operations, inspections and maintenance procedures, aimed at minimising such failures.Prudent passage planning includes assessing the potential for the loss of propulsion and identifies mitigating actions to address such events. However, only the rapid restoration of propulsion control will ensure the safety of a vessel, its crew and the environment.To view the Safety Alert Bulletin click hereSource : INTERTANKO

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