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.
Rep. Kevin Cramer, R-N.D., who was an electricity regulator before being elected to Congress, backs legislation that would let states opt out of compliance with the Environmental Protection Agency’s prospective rule limiting power plant carbon emissions, E&E reports.
A jump in the value of the dollar pressured oil prices Tuesday. U.S. benchmark crude slid more than 2.8 percent, losing $1.69 to settle at $58.03 a barrel, while in London, Brent fell $1.80 - almost 2.8 percent - to $63.72, Reuters reports.
An energy storage system based on batteries will be installed by Duke Energy at the site of a retired coal-fired plant in New Richmond, Ohio, to help regulate grid frequency for PJM Interconnection, the Dayton Daily News reports.
The Clean Energy Technology Center at North Carolina State University is partnering with EnergySage Inc. to launch an online solar energy marketplace to hook up solar vendors with potential customers in the state, Triangle Business Journal reports.
The Department of Justice has closed an investigation into the operations of oil and gas firm Hyperdynamics Corp. under the Foreign Corrupt Practices Act, and no charges were filed, though the Securities and Exchange Commission still has a probe open, The Wall Street Journal reports.
The Interior Department is opposing legislation that would create pathways for natural gas pipelines across federal lands in the eastern United States, saying the move would limit public input on such projects, The Hill reports.
The Environmental Protection Agency is planning to release within days the controversial Waters of the U.S. rule, which is intended to clarify the agency's jurisdiction over bodies of water, The Hill reports. The rule is facing strong opposition from farm groups and Republicans.