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.
After suing Exxon Mobil for $8.9 billion in damages for wetland contamination in northern New Jersey, the state has suddenly settled the case for $250 million shortly before a judge was expected to issue a ruling for damages, The New York Times reports.
The Environmental Protection Agency’s rules to limit power plant carbon emissions and clarify its jurisdiction over bodies of water are top of the hit list for lawmakers like Rep. Bill Flores, R-Fla., attending the Conservative Political Action Conference, McClatchy reports.
The American Meteorological Society has sent a letter to Rep. Raul Grijalva, D-Ariz., saying that his investigation into the funding behind climate studies “sends a chilling message to all academic researchers,” National Journal reports.
The Forest Service needs to increase harvesting in the Tongass National Forest or timber mills in Alaska’s southeast will start to go bust, Energy and Natural Resources chair Sen. Lisa Murkowski, R-Alaska, told its chief Tom Tidwell at a hearing Thursday, E&E reports.
Fleet cards issued by the U.S. General Services Administration have been illegally used to pay for $2.4 million worth of gasoline by government workers filling up their own personal cars, News4 Washington reports.
The California state senate has announced it will hold three days of public hearings to examine the operations of the Public Utilities Commission, already in the spotlight for its closeness with the companies it regulates, the Los Angeles Times reports.
Members of the Southeast Louisiana Flood Protection Authority-East will decide Monday whether to appeal a judge’s dismissal of their coastal erosion lawsuit against major oil and gas companies, The Associated Press reports.