ExxonMobil disclosed a steeper-than-expected 11% drop-off in first-quarter profits on Thursday as the energy heavyweight was hurt by its chemical and exploration and production divisions. Shares of ...
Fortuitous Timing of Oil and Gas Investor Conference
Independent oil and gas firms are attempting to focus on the fundamentals following major allegations against one of the sector's most colorful figures. The looming dispute over Chesapeake Energy's ...
Shell Chief: Energy Prices Too Cheap to Change Consumption
Amid rising gasoline prices at filling stations across the US, energy prices are still too cheap to force dramatic changes in consumption, Shell's chief executive said recently.
Peter Voser told ...
Exxon Valdez Oil Tanker to be Sold in Pieces
The ship responsible for the second-largest oil spill in U.S. waters behind BP's Deepwater Horizon, is being sold to a company in China that will most likely rip it apart and sell it in pieces.
...
API Taking The National Fracking Discussion To The States
The debate surrounding the use of hydraulic fracturing and horizontal drilling as part of oil and natural gas development has certainly reached the national stage, but the American Petroleum ...
ExxonMobil Announces $185 Billion New Energy Supply Investment
ExxonMobil Chairman and CEO Rex Tillerson
ExxonMobil, one of the world's largest energy companies by operational size and market capitalization, is reaching into its wallet in a big way. Exxon ...
No More Slow Boat To China For US Liquefied Natural Gas
Widening of the Panama Canal, due to be completed in 2014, will allow most LNG tankers to transit the isthmus and make natural gas from Gulf of Mexico ports "instantly economic" to transport to ...
US Shale Gas Development May Be Tough To Copy
The unique structure of the US natural gas industry enabled development and rapid deployment of new shale gas technology, and the lack of that structure is complicating efforts of other countries to ...
Oil Royalties Dwindle: Alaskans Agitate For Gas Drilling
Alaskans' way of life is threatened as oil production declines and new pipelines for natural gas remain difficult to justify financially.
Larry Persily, Federal Coordinator for Alaska Natural Gas ...
ExxonMobil Says: Oil In 2040, Made In The USA
US oil imports will continue to decline as domestic production rises, and by 2040 the US could be importing crude only from Canada, according to the latest forecast from ExxonMobil.
That forecast ...
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