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 meeting with White House adviser John Podesta along with eight other Democratic senators, Sen. Al Franken of Minnesota told reporters he believes the EPA will increase its biofuels blending targets when it sets final levels for the 2014 Renewable Fuel Standard, Platts reports.
The Transportation Secretary is defending his department’s proposed rule to improve oil train safety – faced with environmentalists’ demands to pull old DOT-111 tank cars from service immediately, Anthony Foxx said on PBS that the transition away from them will take time given the percentage of them in service now, The Hill reports.
The Supreme Court ruled in favor of the Board of Immigration Appeals last month in a complicated case where the statute in question was ambiguous, which may be a preview of legal challenges to the Environmental Protection Agency’s rule to limit carbon emissions for power plants based on the Clean Air Act, E&E reports.
Russian oil giant Rosneft is working on a plan to reduce the impact of Western sanctions on its operations, CEO and sanctions target Igor Sechin said in a statement as the company reported a jump in pre-sanctions second quarter net income to $4.9 billion, Reuters reports.
The Office of Surface Mining has issued hundreds of environmental violations including cessation orders, while $2 million in unpaid penalties have piled up on coal mines in five states that are owned by billionaire James Justice, according to an investigation by E&E.
Instead of an expected slowdown, Texas 2013 oil production increased to a level near the record set in 1972, pushed by higher oil prices that climbed on international unrest, according to an industry analysis, FuelFix reports.
More utilities are joining Germany’s balancing market, where the government pays them to add or cut power to the grid within seconds to balance out surges and drops caused by increasing reliance on wind and solar energy, Bloomberg reports.
Rep. Cory Gardner, R-Colo., who’s challenging Democratic Sen. Mark Udall in a key election contest, said at the Heritage Foundation Thursday that even lawmakers from states that have imposed fracking bans voted in favor of his legislation to push LNG exports, The Hill reports.
Despite increasing violence in parts of Libya including the capital, a tanker has arrived in Brega and should leave next week bound for Genoa loaded with 750,000 barrels of crude, the port said on its Facebook page, according to The Wall Street Journal.