Exxon Tries to Put the Worst Behind it With $20 Billion Writedown
By Jennifer Hiller HOUSTON, Nov 30 (Reuters) – Exxon Mobil Corp on Monday said it would write down the value of natural gas properties by $17 billion to $20 billion,...
Built in 1983, the 261 meter-long & 127575 DWT oil tanker Lentera Bangsa caught fire 100 miles from the coast of Jakarta Bay Friday morning. The vessel was being used as a Floating Storage and Offloading (FSO) vessel in the Widuri field of the Java Sea and was operating in close proximity to a China National Offshore Oil Corporation (CNOOC) offshore drilling rig when the fire broke out.
The fire, which broke out at 9 a.m. local time on Friday, injured at least four workers among the crew of 30 and one individual remains missing. A local official has asserted that the fire has been extinguished, but was unable to provide details regarding the nature of the fire, where, or how it started. Witness reports are mixed with some believing the fire started in the vessel’s engine room while others stating it started in a cabin.
The FSO has a storage capacity of 700,000 barrels of oil a day, was upgraded from a tanker to FSO by COSCO Guangdong Shipyard in October 2010 and began working the Widuri field early in 2011.
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