Tag: exxon mobil

Exxon Mobil firms to pay nearly $5M for Arkansas oil spill

Assistant Attorney General John Cruden said the company did not admit liability as part of the agreement.  More »

Exxon may be expanding its Beaumont refinery

Reuters reported in July that Exxon was considering a third crude distillation unit at the Beaumont refinery, potentially doubling its current 344,600-barrel per day capacity with a multi-billion dollar project.  More »

Exxon Mobil starts production at its new deepwater project in the Gulf

Total production of the project is expected to reach about 300 million cubic feet of gas and 3,000 barrels of liquids per day from two wells.  More »

Report: Arctic oil drilling needed now to sustain U.S. energy security

The analysis makes the case for the United States to aggressively develop Arctic oil and gas resources that can help supply the country with energy long after some onshore fields are depleted.  More »

Eagle Ford producer leases Exxon’s old space

The Houston-based exploration firm plans to move into former Exxon Mobil space in the Five Greenspoint Place 19-story building at 17001 Northchase Drive.  More »

Exxon finishes $1.3 million in work from 2011 Montana spill

The Texas oil giant paid for emergency training for local responders, fisheries improvement projects on the river and new leak detection equipment for the state.  More »

Feds collect millions in Gulf oil drilling sale, despite falling prices

Slumping oil prices tempered some of the industry’s enthusiasm for new drilling rights in the Gulf of Mexico — but not much.  More »

Federal judge dismisses lawsuit targeting Exxon over Arkansas oil spill

It’s unknown whether the plaintiffs plan to appeal.  More »

How Europe’s oil companies are profiting from the slump

Although better known for their oil fields, refineries, and petrol stations, BP Plc, Royal Dutch Shell Plc and Total SA are also the world’s biggest oil traders.  More »

California State Senate holds hearing in Torrance on refinery explosion

Refinery owner Exxon Mobil officials, first-responders and representatives of government environmental agencies were scheduled to appear at the public hearing at Torrance City Hall.  More »

New Jersey officially announces $225 million Exxon Mobil settlement

Acting Attorney General John J. Hoffman said the settlement over refinery sites in Linden and Bayonne is separate from Exxon Mobil’s obligation to clean up the sites at its own expense.  More »

Exxon CEO: Get used to lower oil prices

Speaking at the company’s annual investor meeting in New York, Tillerson cautioned that geopolitical turmoil could unexpectedly send prices higher.  More »

Exxon Mobil to cut 2015 budget by 12 percent

Despite the cuts, Exxon said it expects to increase daily production to 4.3 million oil-equivalent barrels through 2017.  More »

Exxon now has more exploration holdings in Russia than in the U.S., despite sanctions

While U.S. and European Union sanctions against Russia forced Exxon to shut down an Arctic drilling project in October, the producer is staking claims to areas that could yield tens of billions of barrels in coming decades.  More »

How much more economic pain can Vladimir Putin take?

It looks like the one-two punch of sanctions and cheap oil are about to wreck Russia.  More »
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