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.
The tanker BW Zambesi sailed from Texas Wednesday night headed for South Korea loaded with $40 million in condensate from Enterprise Products Partners, but the Commerce Department move to permit such exports -- now on hold -- caught the White House by surprise, senior adviser John Podesta told The Wall Street Journal.
The latest round of sanctions against Russia over its actions in Ukraine have major energy companies -- including BP and Total -- thinking again about the way they do business with Moscow, The New York Times reports.
The Center for Liquefied Natural Gas, responding to a Department of Energy draft report estimating the impact LNG exports would have on greenhouse gas emissions, warned that taking it into consideration would open the door to legal challenges, National Journal reports.
The southern parts of the Pegasus pipeline, which ruptured causing a major spill in Arkansas in March 2013, restarted on July 9, Exxon Mobil told the Arkansas Democrat-Gazette in an email, The Associated Press reports.
Increasing OPEC production and higher U.S. gasoline stockpiles outweighed international crises to send oil prices lower Thursday. Benchmark crude for September delivery fell 75 cents to $99.52 a barrel in electronic trading on the New York Mercantile Exchange, while in London Brent crude was 40 cents down to $106.11, Reuters reports.
Sen. Joe Manchin, D-W.Va., has re-introduced a measure that would keep the Export-Import Bank going, but without controversial language that would lift restrictions on it financing coal plants overseas, and the bill has now attracted support from Sen. Maria Cantwell, D-Wash., The Hill reports.
With the departure of two more managers -- Bob Perciasepe and Craig Hooks -- from the Environmental Protection Agency, EPA will have eight vacancies among its 14 key political posts, a special problem when it has a full load of challenges, E&E reports.
Departing Environmental Protection Agency Deputy Administrator Bob Perciasepe says he hopes to be able to “build a bridge” with Republicans over the EPA’s rules limiting carbon emissions from power plants and clarifying jurisdiction over bodies of water (WOTUS), but he’s meeting with skepticism, The Hill reports.
Evangelical and conservative Christians were among those speaking out in favor of the Environmental Protection Agency’s rule to limit carbon emissions from power plants during two days of hearings on the regulation this week in Washington, The New York Times reports.
The lack of interested buyers thus far for the electricity output of TransAlta’s coal-fired plant in Centralia, Washington is due to soft prices in the Pacific Northwest and not moves by the Environmental Protection Agency to regulate carbon emissions, company chief Dawn Farrell told Platts.