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.
Al-Monitor reports that according to As-Safir, discovery of substantial oil fields in the eastern Mediterranean has Chevron, Exxon and other major oil companies preparing to get in line and bid for rights to explore.
Senate Foreign Relations Committee Chairman Robert Menendez, D-N.J., said the panel is close to an agreement on a package of measures to deal with the Ukraine crisis, including aid to Kiev and some targeted sanctions, Politico reports.
Ambassadors from four central European countries have written to House Speaker John Boehner, R-Ohio, and Senate Majority Leader Harry Reid, D-Nev., urging them to move Congress to take action to loosen up natural gas exports in the face of the Ukraine crisis that has the potential to affect their gas supplies, The Hill reports.
The harsh winter of 2014 has seen many consumers slapped with higher electricity bills, but the retirement of coal-fired power plants to comply with new carbon regulations may stretch pocketbooks and power supplies further, The New York Times reports.
A report by grid operator the Electric Reliability Council of Texas says a combination of low temperatures, low wind and high demand nearly caused blackouts in the state on Jan. 6, noting the wholesale price for electricity that day hit the regulatory cap of $5,000 per megawatt hour for the first time, FuelFix reports.
The Ohio Department of Natural Resources ordered Hilcorp Energy Co. to stop drilling operations near Youngstown after three minor earthquakes were felt in the area Monday morning, The Vindicator reports.
Electricity entering California's grid that was generated from solar power hit a high of 4,093 megawatts on Saturday, setting a record for a second day in a row, according to the state's ISO, Reuters reports.
The U.S. Chemical Safety Board said it intends to investigate an incident Monday at a Tesoro Corp. refinery in northern Calif., where two contract workers received hospital treatment for acid burns, the second time in less than a month that has happened, the San Francisco Chronicle reports.
The European Union moved to suspend talks with Russia on plans to move ahead with completion of the South Stream natural gas pipeline and a plan to boost supplies flowing through the Nord Stream pipeline, Reuters reports.