ExxonMobil Caught in Iraq Political Standoff
ExxonMobil has been removed from a list of bidders for Iraqi energy exploration rights amid political tensions between the Middle Eastern state and the Kurdistan Regional Government (KRG).
Articles Tagged "NYSE:XOM"
Algae-Based Biofuels: Big Oil Place Their Clean Energy Bets
As support for ethanol wanes, algae-based biofuels are beginning to attract interest from some heavy-hitters in the energy industry.
Canada’s Other Oil Patch: East Coast Offshore Projects
Although overshadowed by the Alberta oil sands, offshore drilling on Canada’s east coast holds some interesting prospects.
Giant Exxon Discovery Could Change Deepwater Gulf of Mexico Outlook
Oil companies are hoping this latest major find will provide further justification for speeding up the permit issuing process for deepwater drilling in the Gulf of Mexico.
Exxon has 3 Deepwater Gulf of Mexico Discoveries
Reuters Africa reports that Exxon Mobil Corp (NYSE:XOM) has made two significant new oil discoveries and a natural gas find in the Gulf of Mexico.
Temporary Oil Production Delays and Cold Temperatures Impact Prices
The Trans Alaska Pipeline was shut down on Saturday following the discover of a leak at an intake pump station at Prudhoe Bay, constricting supply in one of the United States' key oil arteries. Cold weather in the Northeast during December translated into 5 consecutive stock draws in the Central Atlantic, while New England stocks fluctuated during the month.
Oil Exploration in West Africa
The West African offshore oil and gas industry has a history of exploration of more than 50 years, with international majors and smaller firms having held, and relinquished, licences all along the coast since the British discovered oil in the Niger Delta in the late 1950s.
British Petroleum Oil Spill Draws Criminal Speculation
The oil spill liability could extend well beyond British Petroleum as Transocean Ltd., Halliburton Co. and Cameron International Corp. all had some exposure to this series of current events.
Advantage: Crude
Even as investors are mulling mixed signals over crude supply numbers from the Energy Information Administration, there are clear indications that the Gulf state leaders have no plans to stop pricing oil in dollars. The rumour had traders hitting the panic button.
