Exxon Mobil Corp posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. Oil majors are expected to break their own annual records on high prices and soaring demand, pushing their combined take to near $200 billion.
Exxon Mobil Corp. is preparing to approve its fifth oil production project in Guyana and is considering taking additional exploration acreage, the head of its Guyanese operations, Alistair Routledge, told Reuters in an interview. The efforts would add significantly to the $30 billion committed thus far by Exxon and Guyana partners Hess Corp and CNOOC Ltd.
In January 2019, the Korean-flagged fishing vessel Oyang 77 sailed south toward international waters off Argentina. The vessel had a known history of nefarious activities, including underreporting its catch and illegally dumping low-value fish to make room in its hold for more lucrative catch.At 2 a.m. on Jan.
Rivers are critical corridors that connect cities and ecosystems alike. When drought develops, water levels fall, making river navigation harder and more expensive.In 2022, water levels in some of the world’s largest rivers, including the Rhine in Europe and the Yangtze in China, fell to historically low levels.
Of all the rivers in the world, the St. Lawrence River is undeniably one of the most challenging for mariners.This water highway is at some spots as narrow as a large river and, at others, as wide as a small sea. It has played a vital role over the last three centuries as an important artery for trade, communication, transportation and settlement. And since 1959, the year the St.
Massive clouds of steam rose from Cuba's largest fuel depot in Matanzas on Wednesday as firefighters, helicopters and boats poured water and foam on the smoldering remains of the largest fire in the island's history.Black charcoal covered with white ash remained red hot after the flames died down.
A third crude tank caught fire and collapsed at Cuba's main oil terminal in Matanzas, its governor said on Monday, as an oil spill spread flames from a second tank that caught fire two days earlier in the island's biggest oil industry accident in decades.Cuba had made progress fighting off the raging flames during the weekend after drawing on help from Mexico and Venezuela
Water levels on the Rhine in Germany continue to fall in hot weather, sending shipping costs higher because vessels cannot sail on the river fully loaded, vessel brokers said on Friday.Freight shipping on the river continues but with vessels sometimes forced to sail 75% empty.Low Rhine water will also hit output from two German coal-fired power stations in the coming months.
A ship has left the Ukrainian port of Mariupol for the first time since Russia took the city and is headed east to Russia with a load of metal, the Russian-backed separatist leader of the Ukrainian breakaway region of Donetsk said on Tuesday.Ukraine said the shipment of metal to Russia from Mariupol
One migrant died and 26 were missing after their dinghy capsized in the Atlantic Ocean off the coast of Spain's Canary Islands, the Spanish Coast Guard told Reuters on Tuesday.The coast guard rescued 34 people after the vessel capsized around 135 miles off the southern tip of Gran Canaria on Monday.
A Dutch-flagged cruise ship will provide a temporary home to some 1,500 Ukrainians who fled their country in the wake of Russia's invasion.Holland America Line said its vessel Volendam will be used to accommodate Ukrainian refugees as part of an agreement announced by Netherlands and City of Rotterdam government officials.
An engine room fire aboard a towing vessel was the result of spraying diesel fuel hitting an uninsulated section of the engine's exhaust system, the National Transportation Safety Board (NTSB) said in a marine investigation report released Tuesday.On March 17, 2021, the towing vessel Miss Dorothy was pushing 14 barges upbound on the Lower Mississippi River, north of Baton Rouge, La.