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divestiture

A jackup rig works on an Energy XXI project in the Main Pass complex of the Gulf of Mexico, located in about 100 feet of water near the mouth of the Mississippi River. (Martin L Vargas / Energy XXI)

Energy XXI sells off oil-rich shallow water field for $21 million

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The Houston firm sold its East Bay Field, about 89 miles southeast of New Orleans, to an undisclosed private buyer for $21 million, the company announced Wednesday.
A sign marks the entrance of the secluded Exxon Mobil corporate headquarters in Irving, Texas. (AP file photo/LM Otero)

Exxon Mobil veep: ‘It’s not easy being us’

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Apparently, it’s lonely at the top. “It’s not easy being us,” said Exxon Mobil’s top lobbyist today after he was asked about a critical ad campaign and a push to strip universities of their fossil fuel investments.