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.
Secretary of State John Kerry defended the Obama administration's approval of Shell's Arctic drilling program, arguing that "we're not going to suddenly be weaned from oil" and that the offshore Alaskan oil is "cleaner" than other varieties, The Huffington Post reports.
Mathy Stanislaus, the Environmental Protection Agency's top waste official, and Environmental Restoration LLC President Dennis Greaney are set to testify before the House Science Committee on Wednesday on the spill of 3 million gallons of mining waste into Colorado's Animas River, The Hill reports.
News that the U.S. unemployment rate fell to a seven-year-low but new job creation was lower than expected led to lower oil prices Friday, Reuters reports. U.S. crude prices were down 41 cents to $46.34 a barrel, while Brent crude dipped 68 cents to $50 per barrel.
A report commissioned by the Independent Petroleum Association of America projects significant endowment cuts should universities divest from fossil fuel companies, with Harvard facing a potential $108 million loss each year, Bloomberg reports.
United Mine Workers of America International President Cecil Roberts said that the union has reached potential collective bargaining deals between Patriot Coal miners and the two companies bidding for the bankrupt firm's assets, the St. Louis Business Journal reports.
Though the greater sage grouse dominates the discussion of threatened species across declining sagebrush territory in the Western United States, nine other native species including the pronghorn and golden eagle are also at risk, The Washington Post reports.
American Wind Energy Association members plan to slow down the rate of revolutions for turbines this fall in an effort to cut bat killed by blades by 30 percent during the animals' peak migration season, The Hill reports.
Though the stalled Yucca Mountain nuclear waste repository in Nevada has drawn rebukes from the state's top lawmakers, leaders in the nearby town of Pahrump sees the project as a potential economic driver for the struggling region, E&E reports.