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.
Environmental Protection Agency proposals to limit carbon emissions from power plants envision generating more electricity from natural gas, but to do so would require substantial improvements in infrastructure like pipelines, according to Oglethorpe Power CEO Mike Smith, Platts reports.
An effort to repeal a change in Alaska’s oil taxes -- which got companies off the hook for big surcharges -- has gone down to a narrow defeat, according to unofficial results from the state Division of Elections, Reuters reports, noting that official results won’t be posted until Sept. 2.
Oil prices have resumed slipping on strong supplies and data showing slowing Chinese factory output in August, a warning of lower demand. U.S. benchmark crude stood around 70 cents down at $92.75 a barrel in electronic trading on the Nymex, while in London Brent crude dropped 90 cents to $101.38, Reuters reports.
Energy-rich states led the country in economic expansion in the last quarter of 2013, with North Dakota and Wyoming topping the list with an 8.4 percent growth rate, followed by West Virginia and Louisiana, according to data published Wednesday by the Commerce Department, The Wall Street Journal reports.
Ethanol production increased 6,000 barrels a day in the week ending Aug. 15 to 937,000 barrels a day, pushing stocks in the country up to 8.251 million barrels, according to Energy Information Administration data released Wednesday, Platts reports.
Estimates of a bird burning to death every two minutes at the Ivanpah solar project are inflated, according to a spokesman for NRG Energy, which operates the facility built by BrightSource Energy and says 321 birds died there in the first half of the year, Bloomberg reports.
Gov. Rick Scott, R-Fla. and the target of ads by Tom Steyer’s NextGen Climate group for his positions, attended a brief meeting with scientists this week who explained their views about the threat posed by global warming, the Orlando Sentinel reports.