ExxonMobil

SK Corporation Oil Refinery In South Korea

A Conversation on Carbon:  How two seemingly opposed forces from ExxonMobil and Sierra Club united over a carbon tax  David Bailey and David Bookbinder have an interesting story. At one time, these two climate experts were at odds with each other, working on opposite sides of the tracks—Bookbinder worked as the chief climate counsel for… Keep reading →

ExxonMobil CEO And XTO Energy CEO Testify Before House On Merger

Here’s an interesting discussion of ExxonMobil’s involvement in the “stranded asset” debate. Robert Rapier seeks to clarify Exxon’s worldview and the company’s response to recent climate action shareholder resolutions. He asks, how much time per day do you devote to planning how you’ll spend your lottery winnings? “You may fantasize about what you would do… Keep reading →

Tamar, The Natural Gas Production Platform Off The Israeli Coast, Is To Begin It's Natural Gas Production

The Federal Gulf of Mexico is one of the fastest-growing offshore markets with yet-to-be-discovered potential of about 48 billion barrels of oil, according to various US data. The latest EIA data allocate 17% of US crude oil production in 2013 to the federal offshore Gulf of Mexico. Could the future of the US oil industry… Keep reading →

Fracking In California Under Spotlight As Some Local Municipalities Issue Bans

The “our” in this case refers to ExxonMobil. Often considered the face of “Big Oil,” the company is the largest intact remnant of John D. Rockefeller’s Standard Oil empire and the world’s largest US-based oil company in terms of reserves, production and revenue. Love or hate them, Exxon is a well-run company with strict investment… Keep reading →

Work Progresses On Iraqi Electrical Grid One Year After War

The energy industry – oil & gas sector in particular – is bracing itself for a massive wave of retirements over the short to medium term, which has been dubbed “The Great Shift Change.” As the industry prepares for this turnover, companies are looking to the next generation of candidates with skills ranging from finance,… Keep reading →

Surging Oil Industry Brings Opportunity To Rural California

The idea that global oil production was nearing its peak, only to plateau and then decline was a common view in the energy world for many years. The geophysicist M. King Hubbert predicted in the 1950’s that US oil production would peak in the 1970’s, a forecast that held true until technology allowed companies to… Keep reading →

Oil Prices Rise As BP Shuts Pipeline

Alaska Governor’s latest plans to advance Alaska’s long-sought natural gas pipeline calls for state ownership share in the state’s LNG export project. On January 10, 2014, Alaska Governor Sean Parnell announced a proposal to establish state equity partnership in the Alaska Liquefied Natural Gas (LNG) project. To this end, the state will terminate its 2008… Keep reading →

Activists Hold Demonstration Against California Big Oil Producers

ExxonMobil’s Ken Cohen highlights the tax payments made by some of the largest US-based oil companies, three of which – Exxon, Chevron and ConocoPhillips – appear in a list of the Top 10 corporate tax payers in 2012 compiled by 24/7 Wall Street.  “In fact, ExxonMobil and Chevron are ranked #1 and #3 respectively, with… Keep reading →

Louisiana Oil Industry Recovers From Katrina Devastation

The US oil and gas industry has seen tremendous growth over the past several years, following a period of low oil prices and declining production. And job growth in the sector reflects a robust and growing need to both replace retiring workers and fill new positions. Forbes’ latest rankings of the 15 most valuable college… Keep reading →

RUS: Khodorkovsky Returns To Moscow Courtroom

The final chapter in one of early post-Soviet Russia’s most high-profile oil industry shakeups appears to be coming to a close with the largely symbolic pardon of Mikhail Khodorkovsky, former head of Yukos. The company was one of Russia’s largest oil companies by reserves and production during the free-wheeling privatizations of the 1990’s when Soviet… Keep reading →

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