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Oil

Kazakhstan sues majors after gas leaks delay Kashagan project

Source: 
Reuters

Kazakhstan is suing a consortium of major oil companies including Exxon and Royal Dutch Shell, for delays and pollution from gas leaks at the country's massive Kashagan oilfield, Reuters reports.

Oil

Exxon, Russia's Rosneft to start 1st joint Arctic well in 2014

Source: 
Bloomberg

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.

Oil

Exxon: Rising living standards propel energy needs

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.

Senate proposal: open Mexico oil to private firms

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.

Oil

Exxon 2Q profit is lowest since early 2010

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.

White House met with Exxon, Shell on fracking rules

Source: 
The Hill
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.
Oil

Exxon passes Apple as most valuable company

NEW YORK (AP) — Exxon has once again surpassed Apple as the world's most valuable company after the iPhone and iPad maker saw its stock price falter.

Oil

Liberal groups attack Exxon in campaign to end fossil fuel aid

Source: 
The Hill
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.
Oil

Exxon stung by low natural gas prices, declining production

NEW YORK (AP) — A jump in Exxon Mobil's net income couldn't mask broader problems for America's largest oil company.

The Irving, Texas petroleum giant said its second-quarter net income rose 49 percent to $15.9 billion. But most of the gain came from $7.5 billion in asset sales.

Oil

Major oil companies prepare to bid for exploration rights in Mediterranean

Source: 
Al-Monitor

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.

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