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Exxon Mobil CEO Rex Tillerson

Oil CEOs’ grim outlook rubs off on speculators fleeing market

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Exxon, the biggest U.S. energy producer, reported July 31 its lowest profit since 2009 while No. 2 Chevron posted its worst results in 12 years.
Chris Finlayson, CEO of BG Group, speaks during the IHS CERAWeek conference at Hilton Americas - Houston Wednesday, March 5, 2014, in Houston. ( Melissa Phillip / Houston Chronicle )

BG profit beats estimates as record output shows appeal to Shell

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BG, the U.K.’s third-biggest oil company, raised its 2015 production forecast to the upper range of its guidance.
Shell plans to use the Transocean Polar Pioneer, shown here in Dutch Harbor, Alaska,  to drill in the Chukchi Sea. (Photo: Bureau of Safety and Environmental Enforcement)

Shell forges ahead in Arctic with exploratory well

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Shell Oil Co.’s first test is excavating a 20-foot wide, 40-foot deep cavern in the seabed that can shelter an emergency device known as a blowout preventer from passing icebergs.
An activist hangs from the St. Johns bridge in Portland, Ore., Wednesday, July 29, 2015, to protest  the departure of Royal Dutch Shell PLC icebreaker Fennica, which is in Portland for repairs.  The icebreaker is a vital part of Shell's exploration and spill-response plan off Alaska's northwest coast.  Greenpeace officials say  the activists have enough water and food to last for days, and can hoist themselves to allow other marine traffic to pass. (AP Photo/Don Ryan)

U.S. judge rules Greenpeace in contempt for Oregon protest

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There was no sign that the protesters were about to leave Portland after the ruling in Anchorage by U.S. District Court Judge Sharon Gleason that Greenpeace is in civil contempt.
(Photographer: Andrey Rudakov/Bloomberg)

Shell to ax thousands of jobs amid $7 billion in spending cuts

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The company, which in April said it was confident prices would return to $90 a barrel in three years, on Thursday said that “today’s oil price downturn could last for several years.”
An activist hangs from the St. Johns bridge in Portland, Ore., Wednesday, July 29, 2015, to protest  the departure of Royal Dutch Shell PLC icebreaker Fennica, which is in Portland for repairs.  The icebreaker is a vital part of Shell's exploration and spill-response plan off Alaska's northwest coast.  Greenpeace officials say  the activists have enough water and food to last for days, and can hoist themselves to allow other marine traffic to pass. (AP Photo/Don Ryan)

Activists rappel off Oregon bridge to stop Shell icebreaker

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The Royal Dutch Shell PLC icebreaker Fennica arrived in Portland for repairs last week. The vessel was damaged earlier this month in the Aleutian Islands when it struck an underwater obstruction, tearing a gash in its hull.
This  April 17, 2015 file photo, with the Olympic Mountains in the background, a small boat crosses in front of an oil drilling rig as it arrives in Port Angeles, Wash., aboard a transport ship after traveling across the Pacific.  (Daniella Beccaria/seattlepi.com via AP, File)

Damaged Shell icebreaker arrives in Oregon for repairs

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Environmental activists in Portland are protesting the arrival of the Fennica, a vessel that Royal Dutch Shell plans to use in its Arctic offshore drilling project after it’s repaired.
Shell plans to use the Transocean Polar Pioneer, shown here in Dutch Harbor, Alaska,  to drill in the Chukchi Sea. (Photo: Bureau of Safety and Environmental Enforcement)

Obama administration OKs Arctic drilling, but imposes big constraints on Shell

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Shell could begin work within days, but the government-imposed restrictions could keep its drill bits from reaching potential oil-bearing rock thousands of feet below the surface of the Chukchi Sea.
In this Wednesday, April 8, 2015 file photo, Ben van Beurden, CEO of Royal Dutch Shell, left, shakes hands with the Chairman BG group Andrew Gould during a press conference to announce Royal Dutch Shell has agreed to buy British Gas, in London. The current wave of corporate takeovers and mergers is set to grow as the appetite for deals among global executives hits a five-year high amid a strong dollar and low oil prices, a survey found Monday April 13, 2015. (AP Photo/Alastair Grant, File)

Deal making down sharply in second quarter

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A total of 137 deals were announced between April 1 and June 30, the lowest number since the fourth quarter of 2008, according to the U.S. Energy Information Administration.
The Deepwater Horizon oil rig burns after an explosion in the Gulf of Mexico in 2010. (AP Photo/Gerald Herbert, File)

New offshore safety rules would make drilling some wells too difficult, industry lobbyists tell White House

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More than a dozen oil companies and drilling contractors joined leading industry trade groups in pushing back against proposed federal mandates for offshore wells they say would make some impossible to drill. The proposed requirements were spurred by the Deepwater Horizon disaster.