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.
TransCanada –- the company that would build and operate the proposed Keystone XL pipeline – has filed a request with South Dakota to have the state reissue certification for the project since the original has expired, The Hill reports.
The Environmental Protection Agency has issued greenhouse gas permits to Castleton Commodities subsidiary CCI Corpus Christi for its planned condensate splitter plant and bulk petroleum terminal in the Texas city, FuelFix reports.
With the dollar down ahead of the Federal Reserve meeting this week, U.S. benchmark crude recovered from intraday losses. West Texas Intermediate gained 65 cents to settle at $92.92 a barrel on the Nymex in active trading, while in London the October contract for Brent crude wrapped up 46 cents down at $96.65, Bloomberg reports.
In a letter Monday posted in full as an ad in The International New York Times, 160 activists urged foundations to use their financial muscle to avert climate change by investing in low-carbon energy, divesting from fossil fuels and, as shareholders, pressuring companies from pursuing new reserves, E&E reports.
The Obama administration has consistently refused to put a moratorium on leasing public land to mining firms, as well as taking other steps at odds with Republican claims it has waged a war on coal, The Boston Globe reports.
Severe black lung disease was back up to 3.2 percent of the population of miners in West Virginia, Virginia and Kentucky in 2012 compared to a low of 0.4 percent in 1998, according to a study published Monday in the American Journal of Respiratory and Critical Care Medicine, The Wall Street Journal reports.
Duke Energy is committing to installing three solar facilities in North Carolina as well as signing power purchase deals with five other new solar projects in the state, for a total of 278 megawatts of capacity at a cost of $500 million, the Charlotte Business Journal reports.
The United Nations-sponsored climate summit in New York next week will play host to 125 heads of state including President Barack Obama, but not the leaders from Russia, China, Canada, India and Australia, according to a document the UN released over the weekend, The Hill reports.
Successful tests – in Canadian Maritime Provinces and in the U.S. as well -- point to the use of electric water heaters and space heaters linked to the grid through wireless controllers as a cheap method of storing excess energy like that generated from wind power, E&E reports.
Texas Board of Education member David Bradley will be pushing a skeptical position on climate change when new textbooks are due to be adopted in November, and he’ll apparently have a lot of material to choose from, National Journal reports.