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.
Nine states, led by South Carolina, filed suit in Georgia against the Environmental Protection Agency’s Clean Water Rule, bringing the total number of states taking legal action over the regulation to 27, The Hill reports.
The permission the U.S. Fish and Wildlife Service granted to Shell to operate two exploratory wells in the Chukchi Sea this summer will only allow drilling at one of them at any one time, FuelFix reports.
The U.S. Supreme Court decision on the Environmental Protection Agency’s Mercury and Air Toxics Standards did not throw out the rule itself, offering no legal guidance on the EPA’s attempt to limit power plant carbon emissions, E&E reports.
Hot weather has prompted the California Independent System Operator to issue a Flex Alert for the first time in two years, calling on electricity customers to cut back on their power usage, KRON reports.
The decision to extend the deadline on Iran's nuclear talks helped support oil prices Tuesday, which finished with a 25 percent overall gain in the second quarter. U.S. benchmark crude for August delivery soared 2 percent, rising $1.14 to $59.47 a barrel on the Nymex, while in London Brent jumped 2.5 percent to $63.59, The Wall Street Journal reports.
Ahead of Canada’s parliamentary elections, opposition leader Justin Trudeau has made several environmental promises, including a pledge to continue the country’s focus on climate change and one to spend hundreds of millions to support clean energy, the CBC reports.
Wisconsin Energy Corp. may have followed through on its decision to change its name to WEC Energy Group Inc., but it hasn’t found a new location for its headquarters, the Milwaukee Business Journal reports.
The narrow window for Shell to drill exploratory wells in the Arctic could become even smaller as a result of sea ice clogging the area around the Chuckchi Sea’s Burger prospect, where the company is planning to conduct its operations, FuelFix reports.