There is great potential for problems for major oil companies drilling in Iraq: Thus far Kurds have taken control of the Kirkuk oilfield where Exxon said earlier in the year it has two rigs operating, and pipelines carrying oil from the field appear to run through an area now under control of ISIS militants, The Wall Street Journal reports.
Disruption at oil facilities – those operated by Exxon as well as Shell’s Forcados terminal – caused a 9 percent drop in Nigerian oil revenue in April, according to figures from the country’s finance ministry, Platts reports.
The first Arctic well drilled jointly by Exxon and Rosneft is due to start this year, a sign that deepening cooperation between the two oil giants isn't being held back by continued bickering between the U.S. and Russian governments, according to Bloomberg.
NEW YORK (AP) — Exxon Mobil says the drive for higher living standards around the world will keep demand for electricity and transportation fuels growing even as economies get more efficient and governments put a price on pollution.
MEXICO CITY (AP) — A Mexican senate committee on Saturday proposed the most dramatic oil reform in decades that would open the country's beleaguered, state-run sector to private companies and investment.
NEW YORK (AP) — Exxon Mobil reported its lowest quarterly profit in more than three years, as the oil and gas giant again struggled to boost production and results from its refining operations weakened.
A record of a Feb. 21 meeting revealed the White House Office of Management and Budget met with oil companies including Shell, Exxon and BP to discuss federal rules governing hydraulic fracturing, The Hill reports.
Liberal groups Oil Change International and The Other 98% have released an ad attacking Exxon, saying the company "hate[s] your children." The groups are pushing for an end to taxpayer support of fossil fuel companies, The Hill reports.
TransCanada has filed an application running more than 30,000 pages with the country’s National Energy Board, seeking approval of the Energy East pipeline which would carry Alberta oil sands crude east, a process likely to take some 18 months, The Canadian Press reports.
A poll conducted for news organizations in South Dakota found that voters in the state –- which is in the process of renewing an expired permit for it -- overwhelmingly back the Keystone XL pipeline, although the issue does not appear on the November ballot, Gannett’s Argus Leader reports.
A Hart research poll commissioned by three environmental groups finds that 54 percent of voters surveyed in five swing states would be more likely to cast a ballot for a candidate who wants to take action against climate change, and 68 percent back one looking to expand renewable energy, The Hill reports.
Delta Airlines subsidiary Monroe Energy has written to the Surface Transportation Board -- in a letter posted online Wednesday -- complaining that delays to crude-by-rail deliveries are severely disrupting its operations, E&E reports.
Wednesday’s Federal Reserve decision to finish its asset-purchase program pumped up the dollar Thursday, which sent oil prices down. West Texas Intermediate crude for December delivery fell $1.08 to finish trading on the Nymex at $81.12 a barrel, while in London Brent lost 1 percent, or 88 cents to settle at $86.24, Bloomberg reports.
U.S. District Judge Janis L. Sammartino has rejected a request from the Tokyo Electric Power Company to throw out a class action lawsuit filed against it by U.S. Navy sailors exposed to radiation after the Fukushima Dai-ichi nuclear plant disaster, Bloomberg reports.
Net income in the third quarter for midstream operator Enterprise Products Partners was 18 percent higher, at $699 million, compared to the year-ago period, on bigger fees and a larger volume of crude flowing through its pipelines, FuelFix reports.
In a consent decree filed in District Court in Texas, Superior Crude Gathering Inc. has agreed to pay $1.6 million for violations of the Clean Water Act for spilling 2,200 barrels of crude into a wetland four years ago, according to the Environmental Protection Agency, UPI reports.
James Famiglietti, a scientist at NASA’s Jet Propulsion Laboratory, has written a commentary published in the journal Nature Climate Change, backed by new satellite data, which warns that groundwater supplies in the world’s most arid places are continuing to dry up, E&E reports.