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Keyword: exxon

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  • ExxonMobil Spuds in North of Russia, Gathers Praise from Putin

    08/10/2014 9:37:59 AM PDT · by artichokegrower · 4 replies
    gCaptain ^ | August 9, 2014 | Alexei Anishchuk
    U.S. oil giant ExxonMobil began drilling in Russia’s Arctic on Saturday, despite Western sanctions imposed on its Russian partner Rosneft, and was hailed by Russia’s president as an model of “cooperation”.
  • Exxon drilling in Russian Arctic shows sanctions on oil lack bite

    08/08/2014 8:16:12 PM PDT · by Citizen Zed · 4 replies
    reuters ^ | 8-8-2014
    On Saturday, Exxon Mobil starts drilling a $700 million well in the Arctic Ocean, showing that for all the talk of action against Vladimir Putin’s oil industry, the largest U.S. energy company is undeterred. As Russia’s relations with Europe and the U.S. deteriorated to the lowest point since the Cold War over the conflict in Ukraine, the European Union imposed a third round of sanctions last week, restricting the export of equipment used for offshore oil production. That doesn’t affect Exxon’s plans because the contract to hire the rig was signed before the measures were announced. Developing the Arctic is...
  • Obama authorizes Iraq strikes to protect Christians, prevent 'genocide'

    08/08/2014 6:56:56 AM PDT · by Oldeconomybuyer · 35 replies
    Reuters ^ | August 8, 2014 | BY RAHEEM SALMAN
    U.S. President Barack Obama authorized air strikes on Iraq to protect Christians and prevent "genocide" of tens of thousands of members of an ancient sect sheltering on a desert mountaintop from Islamic State fighters threatening to exterminate them. The United States began to drop relief supplies to refugees from the ancient Yazidi sect, but there was no sign yet of air strikes, which Obama authorized for the first time since pulling troops out in 2011. ... U.S. oil majors Exxon Mobil and Chevron evacuated expatriate staff from Iraqi Kurdistan on Thursday, industry sources said. Smaller oil companies that operate in...
  • ExxonMobil votes against expanding pro-homosexual employment policy for the 17th time

    05/31/2014 6:40:21 PM PDT · by massmike · 32 replies ^ | 05/31/2014 | KIRSTEN ANDERSEN
    Homosexual activists are outraged after ExxonMobil once again refused to explicitly include sexual preference in its anti-discrimination policy, marking the 17th time the company has done so. New York State Comptroller Thomas DiNapoli has led the charge to add sexual preference to the gas company’s equal opportunity policies, which currently state that individuals employed by or seeking employment with the corporation will be evaluated without regard to “race, color, sex, religion, national origin, citizenship status, age, genetic information, physical or mental disability, veteran or other legally protected status.” ExxonMobil argues that their “zero-tolerance” standards for discrimination already exceed federal regulations...
  • Why Big Oil Isn't Cheering Higher Oil Prices

    05/14/2014 7:51:31 PM PDT · by ckilmer · 14 replies ^ | May 14, 2014 | Travis Hoium
    Why Big Oil Isn't Cheering Higher Oil Prices By Travis Hoium | More Articles | Save For Later May 14, 2014 | Comments (0)   U.S. stock markets are in a gradual decline today, with the Dow Jones Industrial Average (DJINDICES: ^DJI  ) down 0.6% in late trading as traders sold equities and bought gold and oil. The shiny metal was up $10 in afternoon trading to $1,305 per ounce and oil was up to $102.19 per barrel.You may think higher oil prices would have Big Oil cheering today, but Dow components ExxonMobil (NYSE: XOM  ) and Chevron (NYSE: CVX  ) are respectively...
  • Exxon Mobil bearish on shale drilling abroad

    03/11/2014 8:54:23 PM PDT · by ckilmer · 6 replies
    dallasnews ^ | 12:37 pm on March 5, 2014 | James Osborne
    Exxon Mobil bearish on shale drilling abroad
  • Water tower suit involving Exxon’s CEO prompts a fracking fracas [NOT anti-fracking]

    02/25/2014 9:11:51 PM PST · by re_nortex · 11 replies
    Ft. Worth Star-Telegram ^ | Feb. 24, 2014 | Jim Fuquay
    “Exxon CEO Rex Tillerson Sues to Block Water Tower That Might Supply Fracking Operations,” cried the Huffington Post online news site. “Exxon Mobil CEO: No fracking near my backyard,” reported USA Today. [...]“This is not an anti-fracking lawsuit,” Whitten said. “Nothing could be further from the truth.”
  • "Big Oil" Production Decline 'Big oil' getting smaller as production keeps falling

    02/15/2014 7:08:12 PM PST · by ckilmer · 32 replies
    platts ^ | February 14, 2014 | Richard Swann in London
        'Big oil' getting smaller as production keeps falling  February 14, 2014 - Richard Swann in London  * Top seven western majors all seeing liquids output fall * Supermajors' share of global market dropping every year * BP reports fastest decline of 30% from 2009-13 * Production becoming more evenly split between oil and gas The biggest western oil companies are continuing to see their oil output decline, despite record investment in recent years spurred by sustained crude prices in excess of $100/barrel, according to data released by the companies. Furthermore, with total world oil output continuing to rise every year,...
  • Why Independent Producers Are Vastly Outpacing Big Oil

    02/08/2014 11:56:22 AM PST · by ckilmer · 12 replies
    dailyfinance ^ | Feb 8th 2014 2:00PM | David Smith
    Why Independent Producers Are Vastly Outpacing Big Oil by David Smith, The Motley Fool Feb 8th 2014 2:00PMUpdated Feb 8th 2014 2:02PM Energy investors have effectively reached an earnings season tipping point, with the majors having told us about their fourth-quarter and full-year results and most of the independents still preparing to do so. While I obviously can't predict with absolute certainty the impending announcements from the likes of and Whiting Petroleum , they're likely to outstrip those that we've already received from ExxonMobil, Chevron , and Royal Dutch Shell .As for the weaknesses displayed by the majors during...
  • The Exxon Mobil effect - Corporate Campus Texas

    02/03/2014 4:50:58 PM PST · by deport · 16 replies
    Houston Chronicle ^ | Feb. 1, 2014 | Nancy Sarnoff
    Groundbreaking new corporate campus is altering landscape for northern suburbs Construction cranes clustered alongside Interstate 45 at the Hardy Toll Road carve a startling, wide swath through the trees just south of The Woodlands.... Come next year, this will be home to some 10,000 people who work for Exxon Mobil Corp., which is building a campus the size of a small city on 385 forested acres north of Houston.... No less than 20 buildings are underway at the energy giant's future home, a real estate development thought to be the largest in the country.....
  • Exxon to move Canadian crude by rail amid pipeline shortage

    01/31/2014 4:55:47 AM PST · by thackney · 14 replies
    Fuel Fix ^ | January 30, 2014 | Zain Shauk
    With limited pipeline options to ship oil sands crude out of Canada, Exxon Mobil Corp. plans to move up to 100,000 barrels per day of Canadian oil using a new rail terminal that should be running by 2015, an executive said Thursday. The terminal, to be constructed in Alberta, will cost up to $250 million if it is built to a maximum capacity of 250,000 barrels of oil per day, said David Rosenthal, Exxon Mobil’s vice president of investor relations, during a conference call with analysts. The rail terminal is being developed by Kinder Morgan and Imperial Oil at an...
  • US to achieve energy self-sufficiency by 2020: Exxon Mobil CEO

    01/09/2014 10:30:34 PM PST · by ckilmer · 15 replies
    cnbc ^ | Thursday, 9 Jan 2014 | 3:16 AM ET | By: Reported by Sri Jegarajah, Written by Ansuya Harjani
    US to achieve energy self-sufficiency by 2020: Exxon Mobil CEO    Text Size   Published: Thursday, 9 Jan 2014 | 3:16 AM ET By: Reported by Sri Jegarajah, Written by Ansuya Harjani       Twitter   95       LinkedIn   15     Share   Play Video US to be energy secure by 2020: Exxon Mobil Thursday, 9 Jan 2014 | 12:47 AM ET Rex Tillerson Chairman & CEO, ExxonMobil, describes why he thinks it is realistic for the US to be energy self-sufficient by the end of this decade. The United States' energy self-sufficiency dream will become a reality...
  • Exxon Mobil CEO Pressures PA Governor to Implement Common Core

    12/14/2013 12:55:24 PM PST · by ColdOne · 33 replies ^ | 12/14/13 | Mary Chastain
    Rex Tillerson, CEO of Exxon Mobil, sent a letter to Pennsylvania Governor Tom Corbett in May with a veiled threat to move operations out of the state if Corbett does not implement the controversial Common Core standards in Pennsylvania schools. However, I was disappointed to learn of the misinformation opponents of this critical effort are advancing, which subsequently led your administration to delay its implementation. I urge you to make the necessary clarifications quickly and move forward with the Pennsylvania Common Core.
  • American multinational oil company says 'No' to homosexual agenda

    06/01/2013 7:10:01 AM PDT · by topher · 45 replies ^ | Fri May 31, 2013 12:13 EST | by Thaddeus Baklinski
    DALLAS, Texas, May 30, 2013 ( - At its annual shareholder meeting this week, the world's largest oil company, ExxonMobil, rejected a proposal demanding changes to its Equal Employment Opportunity (EEO) policy that would have granted special rights to homosexual employees. "Had the resolution passed, the company would have been forced to begin promoting and providing 'acceptance' training of homosexuality to all employees, even if they had religious objections," said Tim Wildmon, president of the American Family Association. The proposal, voted down by 81 percent of ExxonMobil's shareholders on May 30 read, "The Shareholders request that ExxonMobil amend its written...
  • Exxon’s $100m Algae Investment Falls Flat

    05/30/2013 11:20:15 PM PDT · by Vince Ferrer · 66 replies ^ | May 28, 2013 | Jen Alic
    Exxon Mobil Corp. (NYSE: XOM) is cutting its losses on algae biofuels after investing over $100 million only to find that it couldn’t achieve commercial viability. Earlier this week, Exxon announced that while it wasn’t throwing in the towel, it would be forced to restructure its algae research with partner California-based Synthetic Genomics Inc (SGI).
  • ExxonMobil Contributes to Tornado Recovery and Relief Efforts ($500,000)

    05/21/2013 4:08:57 PM PDT · by Red in Blue PA · 15 replies
    Exxon Mobil Corporation (XOM) announced today it will donate $500,000 to the American Red Cross to provide disaster relief assistance in response to the recent tornadoes in Oklahoma and the southwest United States."We extend our heartfelt sympathies to all who have been impacted by the devastating tornadoes," said Rex W. Tillerson, chairman and chief executive officer. “It is our hope that our donation to the Red Cross will help in this very difficult time.
  • Exxon pipeline leaks thousands of barrels of Canadian oil in Arkansas

    03/31/2013 5:02:56 AM PDT · by Dartman · 52 replies
    NEW YORK - Exxon Mobil was working to clean up thousands of barrels of oil in Mayflower, Arkansas, after a pipeline carrying heavy Canadian crude ruptured, a major spill likely to stoke debate over transporting Canada’s oil to the United States. Exxon shut the Pegasus pipeline, which can carry more than 90,000 barrels per day (bpd) of crude oil from Pakota, Illinois, to Nederland, Texas, after the leak was discovered on Friday afternoon, the company said in a statement. Exxon, hit with a $1.7 million fine by regulators this week over a 2011 spill in the Yellowstone River, said a...
  • Exxon Mobil proceeds with $14 billion Canada oil field

    01/05/2013 6:16:59 AM PST · by shove_it · 9 replies
    Yahoo via Reuters ^ | 4 Jan 2013 | Jeffrey Jones
    CALGARY, Alberta (Reuters) - Exxon Mobil Corp said on Friday it is moving ahead with the next major oil project in the North Atlantic, the $14 billion Hebron development off the Newfoundland coast, boosting its already-large investments in Canada's most oil-rich regions. Exxon Mobil, the biggest U.S. oil major, said it will produce 150,000 barrels of oil a day at Hebron using a massive concrete gravity-base structure like the one employed at the nearby Hibernia project, which has been operating in the iceberg-prone region since the late 1990s. First production of the project's heavy crude is scheduled for 2017.
  • Exxon to spearhead $14 billion oil project in Canada

    01/04/2013 7:22:23 PM PST · by thackney · 5 replies
    Fuel Fix ^ | January 4, 2013 | Zain Shauk
    Exxon Mobil Corp. is leading a $14 billion project to produce oil off of Canada’s northeast coast, the company announced Friday. Exxon Mobil expects the project to recover more than 700 million barrels of oil from a field in water about 300 feet deep off the coast of Newfoundland and Labrador. Production at the Hebron field is set to start in early 2017 and will be capable of churning out 150,000 barrels of oil per day, according to an Exxon Mobil announcement. The project is among several massive efforts being pursued by Exxon Mobil, the world’s second largest publicly traded...
  • Hitler's Muslim Nephew Comes to New York

    09/24/2007 5:49:09 AM PDT · by nuconvert · 16 replies · 319+ views
    FrontpageMag ^ | September 24, 2007 | Kenneth R. Timmerman
    Hitler's Muslim Nephew Comes to New York September 24, 2007 Kenneth R. Timmerman What was New York Mayor Michael Bloomberg thinking? Apparently the former Democrat believed that escorting Iran’s Hitler-wannabe president, Mahmoud Ahmadinejad, to the site of the September 11 memorial at Ground Zero would generate a terrific photo op. “Here I am with world leaders,” that type of thing. After all, Bloomberg has already made his appearance at the “World Leaders Forum” at Columbia University, so he was in the zone. And last year, U.S. News & World Report crowned him as one of America’s “best leaders.” But...
  • Taxation Hero: ExxonMobil Pays $3 In Taxes For Every $1 In Profit

    08/10/2012 6:54:50 AM PDT · by SeekAndFind · 7 replies
    Forbes ^ | 08/10/2012 | Nick Schultz
    It’s earnings season and America’s major energy companies once again face a barrage of criticism over their profits, coupled with suggestions they don’t pay enough in taxes. For example, our friends at the Center for American Progress cry, “Big 5 Oil Companies Going for the Gold; Second-Quarter Earnings Race Ahead, Boosted by Tax Breaks.” CAP advocates increasing taxes on large energy companies. In a recent book, New America Foundation’s Steve Coll suggests there’s something almost unpatriotic with the profits earned by America’s energy companies. For example, in the last sentence of his book he contrasts the fortunes of the energy...
  • Exxon boss speaks out against climate change 'fear factor'

    07/02/2012 10:31:14 PM PDT · by Olog-hai · 2 replies
    EurActiv ^ | 02 July 2012 | ( with Reuters)
    Fears about climate change are overblown and shifting weather patterns and rising sea levels should be considered an engineering problem, said the head of the world's largest oil refiner, ExxonMobil. "The fear factor that people want to throw out there to say 'we just have to stop this,' I do not accept," Rex Tillerson, ExxonMobil's chief executive, said in a speech on Wednesday (June 27). Tackling global poverty should have a higher international priority than reducing carbon emissions, because it would give billions of the world’s energy poor access to oil and gas supplies, in his view. "They'd love to...
  • A Big Win Over Exxon!

    06/29/2012 8:29:25 AM PDT · by pabianice · 7 replies
    Dear VICTORY! Thanks to you, we defeated Exxon’s plan to turn a pristine stretch of the Rocky Mountains into an industrial tar sands corridor. This is a win for the environment worth celebrating. Last week, we succeeded in bringing down a Goliath ... none other than Exxon Mobil. Thanks to your activism, we forced the oil giant to back down in its quest to turn a remote and wild stretch of the Rocky Mountains into an industrial transportation corridor. Exxon has formally withdrawn its application with the state of Montana to ship thousands of mega-sized tractor trailers, filled with tar...
  • Iraq asks Obama to halt Exxon's Kurdish deal

    06/19/2012 5:38:57 PM PDT · by qaz123 · 3 replies
    Reuters ^ | 6 hrs ago | Ahmed Rasheed and Peg Mackey
    BAGHDAD/LONDON (Reuters) - Iraq has asked U.S. President Barack Obama to stop Exxon Mobil exploring for oil in its autonomous Kurdistan region, saying the U.S. company's actions could have dire consequences for the country's stability. An aide to Iraqi Prime Minister Nuri al-Maliki told Reuters of a letter the premier had sent, seeking Obama's intervention, as Kurdistan said on Tuesday it would sign more deals with majors to raise its output five-fold.
  • Exxon Evaluating Gas Exports From Gulf, Canada[Natural Gas]

    06/05/2012 11:20:41 AM PDT · by Theoria · 1 replies
    WSJ ^ | 30 May 2012 | ISABEL ORDONEZ
    Exxon Mobil Corp. is studying the possibility of exporting natural gas from the U.S. Gulf Coast and Canada as new shale drilling has unlocked enough natural-gas reserves to meet domestic demand for years to come and allow exports, Chief Executive Rex Tillerson said Wednesday. Exports of natural gas will create jobs, increase tax revenues and help the U.S. trade balance, Mr. Tillerson said at the company's shareholder meeting in Dallas. Exxon Mobil, the world's largest publicly traded oil company and the largest U.S. natural-gas producer, recently has said it was analyzing exports from domestically produced natural gas. Mr. Tillerson's remarks...
  • Firm Run by ex-USAID Official, Exxon Engineer Gets US-Funded Libyan Industry Contract

    05/16/2012 7:47:26 AM PDT · by Steve Peacock · 1 replies
    U.S. Trade & Aid Monitor ^ | May 16, 2012 | Steve Peacock
    A company jointly led by a former Exxon researcher and a one-time U.S. government official recently secured a contract to assess potential U.S. investments into Libyan industry, specifically the power-generation sector. The U.S. Trade & Development Agency (USTDA), an independent White House entity, selected Energy Markets Group (EMG) to carry out a “definitional mission,” or DM, to Libya. EMG will travel to Libya, evaluate that industry segment, and craft a report for USTDA either recommending or rejecting possible “investments” of additional funds to boost Libyan modernization efforts. EMG’s president is Ahmad Ghamarian, formerly an Exxon Research and Engineering Company staffer....

    04/24/2012 5:54:50 AM PDT · by shortstop · 9 replies ^ | 04/24/12 | Bob Lonsberry
    It's the oil companies, Obama says. If only the oil companies paid their fair share. If only we stopped the tax breaks. If only we made them pay. That was his topic over the weekend on his radio address. Unfortunately, like almost everything out of his mouth, it was a lie. Yes, a lie. When you distort reality in order to deceive and manipulate people, that is a lie. And of late, the sad fact is that the president of the United States is a serial liar. There is almost no honesty in anything he says, and every speech is...
  • Chinese firm surpasses Exxon in oil production (0bummer's Energy Policy in Action)

    03/29/2012 12:48:03 PM PDT · by mojito · 3 replies
    AP/Google ^ | 3/29/2012 | Chris Kahn
    A big shift is happening in Big Oil: an American giant now ranks behind a Chinese upstart. Exxon Mobil is no longer the world's biggest publicly traded producer of oil. For the first time, that distinction belongs to a 13-year-old Chinese company called PetroChina. The Beijing company was created by the Chinese government to secure more oil for that nation's booming economy. PetroChina announced Thursday that it pumped 2.4 million barrels a day last year, surpassing Exxon by 100,000. The company has grown rapidly over the last decade by squeezing more from China's aging oil fields and outspending Western companies...
  • Exxon barred from Iraqi oil, gas auction

    02/14/2012 4:34:26 PM PST · by ColdOne · 17 replies ^ | 2/14/12 | upi
    BAGHDAD, Feb. 14 (UPI) -- U.S. supermajor Exxon Mobil won't be able to take part in an oil and natural gas licensing auction scheduled for May in Iraq, a spokesman said. Iraq is expected to put around a dozen oil and natural gas blocks up for auction in its fourth licensing round, scheduled for May. Exxon Mobil is prohibited from taking part because it has contracts with the semiautonomous Kurdistan Regional Government. "The Iraqi government has decided that Exxon won't be allowed to participate in the next oil- and gas-bidding round," Faisal Abdullah, a spokesman for the Iraqi Oil Ministry,...
  • US Oil Giant Exxon Mobile Flees To Russia Over Obama Fears

    09/11/2011 8:13:42 PM PDT · by shove_it · 36 replies
    pakalertpress ^ | 10Sep 2011
    In what can only be described in the most astounding of terms, the Kremlin is reporting that the world’s largest corporation, American-based Exxon Mobil, has signed a deal with Russia allowing it to flee the United States in exchange for trading its vast oil and gas reserves in Texas and the Gulf of Mexico and gaining for itself exclusive drilling rights in the vast untapped regions of the Russian Arctic. According to these reports, Prime Minister Putin and Exxon Mobil Chairman, President and CEO Rex Tillerson oversaw the signing of this historic agreement brokered by Russian state-owned oil giant Rosneft....
  • Analysis: Exxon (arctic drilling) deal sets stage for Putin return to Kremlin

    09/01/2011 9:23:23 PM PDT · by Libloather · 1 replies
    Yahoo ^ | 8/31/11 | Douglas Busvine
    Analysis: Exxon deal sets stage for Putin return to KremlinBy Douglas Busvine | Reuters – Wed, Aug 31, 2011 MOSCOW (Reuters) - Prime Minister Vladimir Putin's blessing of a deal with ExxonMobil to extract oil and gas from the Russian Arctic sends a strong signal that he will return to the Kremlin in an election next year. Neither Putin, 58, who was president from 2000 to 2008, nor President Dmitry Medvedev, 45, has announced whether they will run for the presidency next March. But Putin demonstrated he is firmly in charge and ready to remain Russia's paramount leader by securing...
  • Exxon, U.S. Government Duel Over Huge Oil Find

    08/18/2011 3:20:31 AM PDT · by Recovering_Democrat · 18 replies
    Wall Street Journal ^ | 8/18/11 | R Gold
    Exxon Mobil Corp. is fighting with the U.S. government to keep control of one of its biggest oil discoveries ever, in a showdown where billions of dollars hang in the balance for both sides. The massive Gulf of Mexico discovery contains an estimated one billion barrels of recoverable oil, the company says. The Interior Department, which regulates offshore drilling, says Exxon's leases have expired and the company hasn't met the requirements for an extension. Exxon has sued to retain the leases. The court battle is playing out at a time in
  • Obama's Real Energy Policy

    08/23/2011 3:31:47 AM PDT · by markomalley · 8 replies
    American Thinker ^ | August 23, 2011 | Matt Holzmann
    Congresswoman Michele Bachmann recently promised $2/gallon gas at one of her campaign functions, and a  researcher affiliated with NASA reported that aliens may destroy humanity to save the planet.  Which statement is farther off the wall?  Let's set the stage with the facts.Last week, the Obama administration found itself in a legal battle with Exxon over the largest find in the company's history, a field of over 1 billion barrels off the coast of Louisiana.  This represents 5% of total U.S. oil reserves and there's supposed to be a lot more out there.  The Marcellus Shale field in New York, Pennsylvania, Ohio, and Maryland contains between 160 and...
  • Exxon Fights Regulatory Pirates

    08/19/2011 6:00:05 PM PDT · by Kaslin · 10 replies
    IBD Editorials ^ | August 19, 2011 | Staff
    Oil: During the Age of Exploration, seafarers carefully guarded their maps of discovery to ward off plunderers. Incredibly, Exxon faces a similar kind of piracy against its big Gulf oil discovery, as regulators snatch at its permit. Make no mistake about it: American oil companies are operating in a great age of exploration comparable to the uncharted waters that Henry the Navigator, Christopher Columbus and Ferdinand Magellan sailed. Five hundred years after the Caribbean was explored, oil is being discovered in unheard-of quantities, 230 miles into the Gulf of Mexico in waters so deep its retrieval would have been impossible...
  • Exxon, U.S. Government Duel Over Huge Oil Find

    08/18/2011 7:34:06 PM PDT · by MinorityRepublican · 25 replies
    The Wall Street Journal ^ | Thursday, August 18, 2011 | RUSSELL GOLD
    Exxon Mobil Corp. is fighting with the U.S. government to keep control of one of its biggest oil discoveries ever, in a showdown where billions of dollars hang in the balance for both sides. The massive Gulf of Mexico discovery contains an estimated one billion barrels of recoverable oil, the company says. The Interior Department, which regulates offshore drilling, says Exxon's leases have expired and the company hasn't met the requirements for an extension. Exxon has sued to retain the leases. The court battle is playing out at a time in which the Obama administration has made an issue of...
  • Exxon Fights US Over Major Oil Discovery

    08/18/2011 10:58:40 AM PDT · by Nachum · 25 replies
    NEW YORK (AP) — Exxon Mobil Corp. and the federal government are fighting over one of the largest oil discoveries in the Gulf of Mexico that could yield billions of dollars of crude in coming years, according to a report in The Wall Street Journal. The Julia oil field, about 250 miles southwest of New Orleans, may hold more than 700 million barrels of oil and gas equivalent. Exxon, which announced the discovery in June, wants to tap that field. But the Interior Department says Exxon's leases have expired and the company hasn't met requirements for an extension. Exxon and...
  • Sarah Palin emails: Exxon's stalling tactics called 'outrageous' [ Sarah is tough on Big Oil ]

    06/11/2011 12:13:55 PM PDT · by NoLibZone · 25 replies
    Los Angeles Times ^ | June 11 2011 | By Kim Murphy
    ExxonMobil has long been Alaska’s most enduring villain, thanks to the 1989 Exxon Valdez tanker accident that spilled at least 11 million gallons of oil, not to mention the years Exxon spent fighting devastated fishermen and others in court to avoid and delay paying damages. Former Gov. Sarah Palin's emails show how much state officials shared in the general outrage over Exxon’s legal tactics. Having already held the case up in the courts for nearly two decades, winning reversal of billions of dollars in punitive damages by the U.S. Supreme Court, ExxonMobil lawyers in 2008 filed pleadings to avoid paying...
  • Exxon Mobil announces major Gulf find

    06/08/2011 2:04:55 PM PDT · by thackney · 35 replies
    Fuel Fix ^ | June 8, 2011 | Simone Sebastian
    Exxon Mobil Corp. has made one of the largest oil and gas finds in the Gulf of Mexico in a decade, the company announced today. The oil major said it made two oil discoveries and a natural gas discovery in its Keathley Canyon blocks, including an oil discovery in the company’s first exploration well since last year’s moratorium on deep-water drilling. Exxon expects the combined finds to yield more than 700 million barrels of oil equivalent. More than 85 percent would be oil, the company said. Drilling early in 2010 turned up oil and natural gas at the well 250...
  • Exxon’s Point Thomson Lease: Murkowski 1 Palin 0

    02/12/2010 3:52:20 AM PST · by theanchoragedailyruse · 44 replies · 713+ views
    Red County ^ | February 12th, 2010 | Thomas Lamb
    This is a follow up to a commentary that I had written earlier on Red County. In the previous commentary I had pointed to former Governor Sarah Palin’s actions of denying Exxon their due process rights when Point Thomson leases were yanked from them. And then I compared her actions to the same actions taken by Hugo Chavez when Chavez yanked Exxon's leases in Venezuela. Since the posting of the commentary, former Governor Sarah Palin in her Facebook commentary seems to be taking credit for one oil well being drilled in Point Thomson.
  • Big Oil: Profits and Taxes

    05/25/2011 2:44:16 PM PDT · by TheConservativeCitizen · 7 replies
    The Constitution Club ^ | 05-23-11 | Pino
    Big Oil. We love, LOVE, to hate Big Oil. As we’re paying more and more at the pump, and as we continue to flounder in this post recession economy, it’s hard to look at the Big Oil companies , their profits and think anything other than greed. But is that fair? Let’s check. Recently, the big oil companies announced their profits for the first quarter of 2011. And they are impressive numbers to be sure: ■Exxon Mobile – $10.7 billion ■Chevron – $6.2 billion ■ConocoPhilips – $3.0 billion THAT is a lot of billions. A LOT! But is it really...
  • "American OPEC"

    04/30/2011 11:10:45 PM PDT · by publius321 · 6 replies
    Much has been said about the rising price of crude oil over the past months but one aspect that hasn't been the focus has been the fact that while oil itself is still a fair distance from its all-time high of $147 a barrel (light-sweet), gasoline is now just pennies away from the all-time high of $4.11 per gallon. While the pundits are focusing on our need to drill for more oil at home, they are not discussing this disparity between prices then and now and what might be done to mitigate the problem in the more immediate term. Some...
  • Exxon's profit soars 69 percent, tops Street [Revenue rose 26 percent to $114 billion....]

    04/28/2011 6:18:21 AM PDT · by Sub-Driver · 29 replies
    Exxon's profit soars 69 percent, tops Street 8:34am EDT HOUSTON (Reuters) - Exxon Mobil Corp's quarterly profit rose a better-than-expected 69 percent as the world's largest publicly traded oil company benefited from higher crude prices and better margins for its refineries. The Irving, Texas, company reported a first-quarter profit of $10.65 billion, or $2.14 per share, up from $6.3 billion, or $1.33 per share, a year earlier. Analysts on average had expected Exxon to report a first-quarter profit of $2.07 per share, according to Thomson Reuters I/B/E/S. Revenue rose 26 percent to $114 billion.
  • Environmentalists Also To Blame For Exxon Valdez And Gulf Spills (Duh)

    06/01/2010 5:02:16 PM PDT · by Kaslin · 13 replies · 686+ views
    IBD Editorials ^ | June 1, 2010 | Investors Business Daily staff
    Energy Policy: To save the environment, a senator from Pennsylvania wants to shut off a major source of natural gas. Weren't the roads to the Exxon Valdez and Deepwater Horizon disasters paved with equally good intentions? Environmentalism did not cause the Deepwater Horizon oil disaster, but it did help make it possible, just as 1989's Exxon Valdez disaster, which the Gulf Oil spill has now eclipsed, was also ironically made possible by a desire to protect the environment. The original plan when oil was discovered at Prudhoe Bay on Alaska's North Slope was to build a pipeline directly to the...
  • Exxon extended drilling ups Calif. oil production

    04/18/2010 12:17:02 PM PDT · by george76 · 5 replies · 420+ views
    ap ^ | April 16, 2010
    ExxonMobil Corp. said Friday that its extended-reach drilling technology has boosted production capacity at its Santa Ynez unit offshore southern California by 5.8 million barrels of oil. The well drilled from Exxon's Heritage platform rig extends more than six miles horizontally and more than 7,000 feet underwater. The company said its Fast Drill technology allows engineers to access previously unreachable resources without installing an additional structure, and brings on new production at a lower cost.
  • Alaska pipeline project may cost as much as $40 billion

    04/08/2010 11:57:07 AM PDT · by bananaman22 · 8 replies · 241+ views ^ | 08/04/2010 | Darrell Delamaide
    Two competing projects for a natural gas pipeline from Alaska to the lower 48 states put the cost somewhere between $32 billion and $40 billion, even as the explosion of shale gas production calls the whole enterprise into question. The Denali project backed by ConocoPhillips and BP this week filed details with regulators that estimated it would cost $35 billion to build a pipeline of 1,700 miles from Alaska’s North Slope across Canada to supply the continental U.S. The filing said it would be “one of the largest private investments in North American history.” A filing earlier this year from...
  • Sarah Palin: Alaska Steps Forward Towards Energy Security

    02/10/2010 11:34:40 AM PST · by euram · 7 replies · 351+ views
    Facebook ^ | 02-10-10 | Sarah Palin
    Congratulations are due Exxon and the State of Alaska’s Department of Natural Resources for completing the first development well at Point Thomson in northern Alaska. This is a huge field full of domestic crude, and it’s time to drill for it! This week we’ve witnessed great progress toward more energy security for Alaska and our entire nation. What began as hefty trucks and hard working men and women heading up an ice road last year, to the commencement of drilling at Point Thomson, this progress has finally led to Exxon’s announcement today of completion of its first development well to...
  • Sarah Palin's Commonality With Exxon: Hugo Chavez

    02/10/2010 5:12:33 AM PST · by theanchoragedailyruse · 14 replies · 653+ views
    Red County ^ | February 10, 2010 | Thomas Lamb
    There are troubling signs that are taking place in Alaska and they have to do with natural resource development. While the left both in Alaska and nationally have been focused on Palin’s palm reading skills, Alaskans are beginning to answer Palin’s question of how’s that hopey and changey thing workin out with a not too well. With the bad Alaska economic news, increased government taxes and spending, reduced oil production; in recent news, the Alaska Superior Court overturned the Palin administration’s action of denying Exxon their constitutional right to due process to administrative hearings.
  • ExxonMobil Sees Alaska as Major Natural Gas Supplier

    01/24/2010 5:20:52 PM PST · by thackney · 18 replies · 658+ views
    Rig Zone ^ | January 22, 2010 | Exxon Mobil Corp.
    With large North Slope resources, Alaska has the opportunity to be a major supplier of natural gas to North America, Rich Kruger, president of ExxonMobil Production Company, said today in a keynote address at the 2010 Meet Alaska Conference in Anchorage. The development of natural gas at Point Thomson stands out as a great example of the opportunity. Kruger said, "It is currently one of Alaska's largest active North Slope projects in execution phase, providing new jobs and investment in the state. ExxonMobil wants to see Point Thomson developed. We believe it underpins the success of the Alaska Pipeline Project....
  • Sarah Palin’s US-Canada Pipeline Gets Environmental Impact Green Light

    12/31/2009 9:47:11 AM PST · by MaxCUA · 5 replies · 479+ views
    Sarah Palin’s pet project got a huge boost today. An independent group, Environment Canada gave the green light for the US-Canada pipeline. Environment Canada studied the environmental and social impact of the 2,760-kilometre pipeline (1,700 in Canada & 1,060 in Alaska) and determined that the project "would provide the foundation for a sustainable northern future. The challenge to all will be to build on that foundation." The report provides 176 recommendations to ensure that the pipeline is developed responsibly, ranging from pipeline design strategies to waste management schemes to wildlife preservation. etc....
  • Get The Frackin' Gas

    12/22/2009 5:25:03 PM PST · by Kaslin · 17 replies · 1,773+ views ^ | December 22, 2009 | INVESTORS BUSINESS DAILY Staff
    Energy: An oil company wants to invest its profits in clean-burning American natural gas. A Hungarian billionaire and a "green" politician want to stop it. This is the real Climate-gate scandal. While the greenies of the world united in Copenhagen to talk about the weather, emitting a Third World-country-size chunk of greenhouse gases to gather there, the world's largest oil company, Exxon Mobil, was doing something about it. On Dec. 14, Exxon agreed to buy XTO Energy, a natural gas firm, in a deal valued at $41 billion. XTO is one of the leaders in something called "fracking" technology, in...