Tag: Exxon Mobil Corp.

Microsoft passes Exxon as 2nd most valuable co.

Exxon’s shares have been falling recently, along with the price of oil.  More »

Plaintiffs accuse Exxon of stifling Arkansas oil spill case

In 2013, the Pegasus pipeline ruptured in central Arkansas, spilling thousands of gallons of oil in a Mayflower neighborhood.  More »

Oil slump means canceled projects as investment declines

With oil approaching a four-year low, producers will be cautious about sanctioning investment, according to some experts.  More »

Statoil announces Tanzania gas discovery

The Norwegian energy company has had a presence in Tanzania since 2007.  More »

Petrochemical boom pumps cash into local communities but strains infrastructure

As chemical plants rush to take advantage of the cheap, abundant natural gas unleashed by the U.S. shale boom, industry and local communities like Baytown and Mont Belvieu have been forced to strike a delicate balancing act between embracing the flurry of new construction activity while maintaining good quality of life for residents.  More »

Exxon, Pemex sign cooperation agreement

The companies agreed to analyze exploration, drilling and refining opportunities.  More »

Warren Buffett pulls back on oil company investments

Warren Buffett showed the energy industry his gloomy side in the second quarter.  More »

Industry pans feds’ plan for gas exports

The Obama administration says its new plan for vetting proposals to sell liquefied natural gas overseas is aimed at streamlining the review process, but energy companies and aspiring exporters say the government’s approach could have the opposite effect.  More »

Shell, Exxon Mobil employees aboard downed flight

Employees of Royal Dutch Shell and Exxon Mobil Corp. were aboard the Maylasia Airlines flight that crashed in eastern Ukraine Thursday.  More »

BP likely to be unscratched by Rosneft sanctions, analysts say

Investors wiped out as much as $4.4 billion from BP’s market value Thursday after a new round of U.S. sanctions on Russia was announced, but it’s not clear the sanctions will impact the company at all.  More »

New oil industry lobbyist stands apart from pack

The oil industry’s new top lobbyist has an attribute that could give him an edge navigating the minefield of energy politics on Capitol Hill.  More »

Catholic sisters aim to purify Big Oil shale drilling

Even oil companies can’t escape the gaze of the biggest regulator of them all.  More »

Sanctions likely to sting big Russian oil projects

International sanctions against Russian officials could endanger the country’s multibillion-dollar pipeline, liquefied natural gas and offshore projects as the cost of borrowing money surges, according to a report released this week.  More »

Exxon: Natural gas soon will overtake coal in global energy use

Thanks to the advent of hydraulic fracturing, natural gas has a new manifest destiny: By 2040, the commodity used to make electricity will command 25 percent of the world’s energy supply. At least, that’s what Exxon Mobil Corp. projects.  More »

CenterPoint to move XTO’s crude in Bakken

CenterPoint Energy’s effort to grow its oil pipeline business got a major boost Tuesday, as it said it had signed a long-term agreement with Exxon Mobil Corp’s XTO Energy subsidiary to move hydrocarbons produced in North Dakota.  More »
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