Word: exxon
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...world's most notorious oil tanker will have a new name when she returns to service in August, and she will not be going back to Valdez, Alaska, where her grounding in March 1989 caused the biggest oil spill in U.S. history. Instead, the Exxon Mediterranean, nee Exxon Valdez, will be hauling crude oil from Turkey and Egypt to France and Italy. The tanker will have a new $30 million bottom and a new American crew...
Taking command when sea trials get under way next week will be Michael Stalzer. He used to alternate with former skipper Joseph Hazelwood. The ship's new assignment has nothing to do with blotting out memories of the spill, explained Gus Elmer, president of Exxon Shipping Co. Production from Alaskan oil fields continues to decline, and there is no longer any need for the 987- ft. tanker on the West Coast...
...their home turf. For almost three decades after World War II, the great international oil companies based in the U.S. and Europe controlled the supply of the world economy's lifeblood. At the peak of their clout in the 1960s, the renowned Seven Sisters -- British Petroleum, Gulf, Esso (now Exxon), Mobil, Royal Dutch/Shell, Standard Oil of California (now Chevron) and Texaco -- ruled with unquestioned authority. They discovered crude oil in the Middle East and Asia, shipped it to the developed world in their own tankers, processed it in their own refineries and sold it through gas stations that carried their...
Between Corpus Christi, Texas, and Mobile, one of the world's most extensive petrochemical complexes attracts the heaviest concentration of oil-tanker traffic off any U.S. coast. The Exxon Valdez disaster, which dumped 11 million gal. of crude oil into Alaskan waters in March 1989 should have jolted the U.S. -- and the Gulf States in particular -- into preparations for coping with such devastating spills. Just how dismally they have failed was demonstrated last week when fires and explosions wracked the 886-ft. Mega Borg for seven days, 60 miles off Galveston. For a time the convulsions threatened to disgorge...
...involves the timetable for putting double hulls on current tankers. The main obstacle concerns limits on the liability of tanker owners. The shippers want the U.S. to approve international standards adopted since 1984 by most European nations. These protocols would cap a company's cleanup costs at $78 million (Exxon says it has already spent $2 billion on its Valdez fiasco) and prevent nations from imposing more; yet the congressional bills would set higher liability limits in the U.S. and let the states go beyond the federal standards, as Alaska currently does. Says Alaska Governor Steve Cowper about the impact...