Baby, It’s Cold Outside

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Forget what the calendar says, winter is here. Long Islanders woke up to chilly conditions Tuesday with gusty winds and temperatures in the low 30s. Forecasters at the National Weather Service in Upton expect a high near 34 Tuesday, but wind chill values between 15 and 25 degrees will make it feel much colder. Forecasters predict gusts as high as 33 mph. The mercury will drop in the evening hours, with meteorologists calling for a low of 21 and wind chill values between 10 and 15 degrees. Sure, it’s blistery, but it could be worse. In Buffalo, residents are dealing with up to 3 feet of snow. The deluge forced officials to close a long stretch of the New York State Thruway and other state roads. There’s no snow in the forecast for the Island in the near future, but the chilly temperatures will hang around. The forecast for Wednesday calls for sunny skies with a high of 33 and wind chill values between 10 and 20 degrees. There will be daytime relief from the cold Thursday and Friday with temperatures in the low 40s but dropping significantly at night.last_img read more

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ExxonMobil boosts growth plans with organizational changes

first_imgUS energy giant ExxonMobil said it will streamline its upstream organization and centralize project delivery across the company to support plans to double operating cash flow and earnings by 2025.The reorganization will be effective April 1 and involve the creation of three new upstream companies, ExxonMobil Upstream Oil & Gas Company, ExxonMobil Upstream Business Development Company and ExxonMobil Upstream Integrated Solutions Company.The ExxonMobil Upstream Oil & Gas Company will focus on end-to-end value chain management in five distinct global businesses, unconventional, liquefied natural gas, deepwater, heavy oil and conventional.ExxonMobil Upstream Business Development Company will oversee strategy development, exploration, acquisitions and divestments and actively manage an upstream portfolio that is considered the most attractive since the 1999 merger of Exxon and Mobil. Consolidation of upstream portfolio management efforts in one organization will further strengthen the company’s ability to optimize portfolio value.ExxonMobil Upstream Integrated Solutions Company will provide technical and specialized commercial skills, such as drilling, research & technology, gas and power market optimization, and the global deployment of resources.“We’re simplifying and integrating our upstream organization to better capitalize on the industry-leading portfolio we’ve assembled through acquisitions and exploration success in the U.S. Permian Basin, Guyana, Mozambique, Papua New Guinea and Brazil,” said Neil Chapman, senior vice president.The company said in a statement, that Liam Mallon, currently president of ExxonMobil Development Company, will become president of ExxonMobil Upstream Oil & Gas Company.Steve Greenlee, currently president of ExxonMobil Exploration Company, will become president of ExxonMobil Upstream Business Development Company.Linda DuCharme, currently president of ExxonMobil Global Services Company, will become president of ExxonMobil Upstream Integrated Solutions Company.The company’s project-delivery capability will be enhanced through a single organization, ExxonMobil Global Projects Company, which will centralize major capital project planning and execution expertise into a single organization that will support all three business segments, upstream, downstream and chemical.Neil Duffin, currently president of ExxonMobil Production Company, will become president of ExxonMobil Global Projects Company.As part of the company’s annual presentation to investment analysts in March 2018, ExxonMobil outlined a growth strategy to increase earnings by more than 100 percent to $31 billion by 2025 at constant 2017 prices.Investments outlined during the annual investor presentation, across all three segments of ExxonMobil’s business – upstream, downstream, and chemical – will generate double-digit rates of return.last_img read more

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