November 28, 2020
ExxonMobil Asia Pacific Pte Ltd (EMAPPL) has appointed Quality Logistics Services Asia (QLSAsia), a wholly owned subsidiary of Quality Logistic Services Australia (QLSA), as its base oil distributor for Malaysia. QLSA has been distributing ExxonMobil base stocks in Australia since 2011. QLSAsia plans to offer a range of Group I and Group II products including […]
ExxonMobil and INNIO announced the release of Jenbacher N Oil 40 lubricant for all INNIO’s Jenbacher* Type 2, 3, 4, 6 and 9 natural gas engines. This follows the collaboration agreement between the two companies that was announced earlier. Jenbacher N Oil 40 has been developed to meet the evolving needs of natural gas engine […]
ExxonMobil has completed a successful sea trial of the company’s first marine bio fuel oil with shipping company Stena Bulk, bunkered in the port of Rotterdam, Netherlands. The marine bio fuel oil is a 0.50% sulphur residual-based fuel (VLSFO) processed with a second generation waste-based FAME component (ISCC certified) – and will be available later […]
ExxonMobil has signed an agreement with Global Clean Energy Holdings to purchase 2.5 million barrels of renewable diesel per year for five years from a converted California refinery starting in 2022. The renewable diesel will be sourced from a refinery acquired by Global Clean Energy in Bakersfield, California, which is being re-purposed to produce renewable […]
India’s Reliance Industries Limited (RIL), has surpassed ExxonMobil to become the world’s second largest energy company, after Saudi Aramco, with a market value of USD189 billion. Just this month, RIL, which is controlled by Asia’s richest man and the seventh richest in the world, Mukesh Ambani, closed four deals – including with BP, Google, Qualcomm, […]
ExxonMobil and INNIO* have signed a long-term extension to their global lubricant collaboration agreement for INNIO’s Jenbacher* Type 2, 3, 4, 6 and 9 natural gas engines. Working side by side, the companies will draw on their joint expertise in meeting the evolving needs of natural gas engine lubrication, resulting in the release of a […]
The global oversupply of base stocks was estimated at 50 thousand barrels per day (KBD) as of 2019. Tim Nadasdi, product development advisor, basestocks and specialties, at ExxonMobil Fuels and Lubricants, anticipates that this overhang could reach 100 KBD in the next couple of years. Nadasdi, who began his career at Imperial Oil in Canada […]
ExxonMobil marked the progress of the lubricant base stock and fuels technology deployment at its Jurong Island integrated refining and petrochemical complex in Singapore via a virtual foundation laying ceremony on 31 March to accommodate COVID-19 social distancing requirements. ExxonMobil held a video conference from two locations in Singapore and one in Dallas, Texas, U.S.A. […]
ExxonMobil, one of the largest publicly traded international energy companies, is looking to significantly reduce spending as a result of market conditions caused by the novel coronavirus (COVID-19) pandemic and commodity price decreases, the company said yesterday. “Based on this unprecedented environment, we are evaluating all appropriate steps to significantly reduce capital and operating expenses […]
ExxonMobil yesterday released a model framework for industry-wide methane regulations and urged stakeholders, policymakers and governments to develop comprehensive, enhanced rules to reduce emissions in all phases of production. “ExxonMobil has been applying the principles of this framework to our oil and natural gas operations for several years, resulting in improvements that demonstrate what’s practicable […]
