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.
With the Keystone XL pipeline still delayed, Transcanada has filed with the State Department to get approval for the Upland Pipeline, which would bring Bakken crude north to Saskatchewan, The Wall Street Journal reports.
A unanimous ruling from a three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit leaves in place Environmental Protection Agency regulations on heavy truck efficiency and greenhouse gas emissions, The Hill reports.
Word that Russia, Norway and possibly Saudi Arabia are ramping up oil production pressured prices Friday. U.S. benchmark crude dropped 1 percent, or 59 cents, to $57.15 a barrel on the New York Mercantile Exchange, while in London Brent gained 43 cents to $65.28 a barrel, a new five-month high, The Wall Street Journal reports.
Alliant Energy’s Wisconsin Power & Light has formally asked state regulators to approve a new gas-fired plant that will cost $750 million, alongside a solar facility intended to generate 2 megawatts, the Milwaukee Journal Sentinel reports.
Two Democrats – Sens. Joe Manchin of West Virginia and Bob Casey of Pennsylvania – have introduced comprehensive mine safety legislation intended to beef up regulatory enforcement and close loopholes in the 1952 Federal Coal Mine Safety Act, WVPN reports.