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.
Salary increases, including one for CEO John Watson that brings his base pay to $1.9 million, were approved by Chevron’s board despite the decline in oil prices that has dragged down the value of the company’s shares, The Wall Street Journal reports.
A voluntary agreement that spells out a timetable to clean up the site of a chemical spill that contaminated the Elk River last year has been worked out between Freedom Industries and West Virginia regulators, The Associated Press reports.
Negotiators from six world powers and Iran resumed nuclear talks Wednesday despite passing a deadline for an agreement, with British Foreign Secretary Philip Hamond telling the BBC that there was “a broad framework for understanding” but some key points remain to be worked out, Reuters reports.
In a fresh sign of deepening drought intensity, the water content of the snowpack in the Sierra Nevada is at 6 percent of normal levels, the lowest amount since record-keeping began in 1950, according to the California Department of Water Resources, USA Today reports.
Oil company Samson Resources, suffering from poor performance that has also helped to drag down backers Kohlberg Kravis Roberts, says in a regulatory filing that it has hired advisers to help it investigate possible reorganization under Chapter 11 bankruptcy protection, The New York Times reports.