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Oil & Gas

Exxon CEO Tillerson: Oil Prices Not Yet Hurting Economy

The Associated Press reports that Exxon Mobil CEO Rex Tillerson said he doesn''t think the recent jump in oil prices is hurting the U.S. economy, at least not yet. The
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Exxon Mobil Wins Ruling in Alaska Oil Spill Case

Exxon Mobil Corp. has won a round in a dispute with environmentalists who want more money to clean up oil left on the shoreline of Prince William Sound from the
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Obama Administration Appeals Judge''s Order on Drilling Permits

The Obama administration has appealed a judge''s order requiring regulators to act on seven drilling permit applications, according to the Associated Press. The government filed court documents late Friday saying
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Another $100 Million Sought for Exxon Valdez Cleanup

A federal judge will hear arguments on whether Exxon Mobil Corp. owes another $100 million to remove oil remaining on the Prince William Sound shoreline from the 1989 Exxon Valdez
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Exxon Mobil’s Beaumont Refinery Flares Gases

Bloomberg reports that Exxon Mobil Corp., the largest U.S. oil company, flared gases at its refinery in Beaumont, Texas, according to a message left on a community hot line. Outages
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Conoco Reports Power Dip at Illinois Refinery

According to Bloomberg, ConocoPhillips reported that a power dip led to flaring at its Wood River refinery in Illinois, according to a filing with state regulators. The flaring of sulfur
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Mass. Company Making Diesel With Sun, Water, CO2

A Massachusetts biotechnology company says it can produce the fuel that runs Jaguars and jet engines using the same ingredients that make grass grow, the Associated Press reports. Joule Unlimited
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Exxon, Shell, BP Hacked Through Chinese Internet Servers

Bloomberg reports that computer hackers working through Internet servers in China broke into and stole proprietary information from the networks of six U.S. and European energy companies, including Exxon
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Nebraska Ethanol Company to Acquire Plant in Minnesota

According to the Associated Press, an Omaha-based company says a bankruptcy court has accepted its bid to acquire an ethanol plant from Otter Tail Ag Enterprises near Fergus Falls, Minn.
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BP in $7.2 Billion Deal with India’s Reliance

In its second large deal since the start of the year, U.K. oil firm BP PLC said that it will spend $7.2 billion to buy a 30 percent stake in
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