Inside Climate News says it has uncovered evidence that officials at oil giant Exxon knew almost four decades ago of the threat posed by greenhouse gas emissions, but worked to downplay it and torpedo proposed solutions.
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.
Sen. Tom Udall, D-N.M., announced Friday that the Frank R. Lautenberg Chemical Safety for the 21st Century Act has acquired two more co-sponsors, bringing the total of backers for the measure to reform the Toxic Substances Control Act to a filibuster-proof 60, National Journal reports.
Fourteen senators from both sides of the aisle, many from ethanol-producing states, went to the White House Thursday to tell chief of staff Denis McDonough that the Environmental Protection Agency should make a bold move when it finalizes three years’ worth of blending mandates under the Renewable Fuel Standard next month, The Hill reports.
Control of Miller Energy Resources Inc. will be handed over to an affiliate of Apollo Global Management LLC and J.P. Morgan Chase unit Highbridge, under an agreement in place as the Texas-based Alaska driller filed for Chapter 11 bankruptcy protection, The Wall Street Journal reports.
A sharp drop in the overall U.S. rig count—to levels not seen since 2002—sent oil prices rebounding Friday. West Texas Intermediate Crude for November delivery jumped 80 cents, or 1.8 percent, to settle at $45.54 a barrel on the Nymex, while in London, Brent gained 44 cents to $48.13, Marketwatch reports.
SolarCity says it plans to start producing a panel with an output of 22 percent—which it touts as a 40-percent improvement in efficiency—at its Silicon Valley factory this month, The New York Times reports.
“Storage is the solution” to integrating solar energy into the grid, SunPower Corp. CEO Tom Werner told E&E in an interview, adding that he thought the utility industry and the grid would be transformed within a decade.
The International Energy Agency expects the growth of the renewable energy sector to level off, meaning it will fall short of what’s needed “to meet ambitious climate change mitigation goals,” the agency's renewable chief told The Washington Post.