Flooding forces Exxon to shut down Louisiana refinery
Exxon Mobil began shutting units at the fourth-largest refinery in the U.S. as record flooding in Louisiana sent tens of thousands fleeing from their homes. The Baton Rouge refinery has begun shutting...
View ArticleExxon, Chevron, Hess agree to joint bid for Mexico offshore reserves
Exxon Mobil Corp., Chevron Corp. and Hess Corp. have agreed to bid together for rights to drill for crude in Mexico’s deepwater oil areas, according to a person with direct knowledge of the plans. The...
View ArticlePemex terms, Perdido’s risks may be keeping majors on sidelines
Pemex expected oil majors to line up for a historic chance to help it tap the giant Perdido reserves in ultra-deep waters of the Gulf of Mexico. So far sign-ups for an auction have only trickled in....
View ArticleInterOil founder abandons fight to derail Exxon’s takeover
InterOil Corp. founder and ex-CEO Phil Mulacek said most of the natural gas explorer’s shareholders will vote in favor of Exxon Mobil’s acquisition on Wednesday, despite his two-month campaign to hold...
View ArticleChevron joins with Pemex and Japanese firm in bid for offshore rights
Chevron Corp. has joined forces with Petroleos Mexicanos and Japan’s Inpex Corp. to bid next week for the right to explore for oil and natural gas, the first time the state-owned operator will partner...
View ArticleExxon CEO-in-waiting will inherit Rex Tillerson’s mixed legacy
The man poised to replace Rex Tillerson as the leader of America’s most influential energy giant helped transform Exxon Mobil Corp.’s refining business from a poor cousin of oil production to the...
View ArticleFormer Texas Gov. Rick Perry said to be Trump’s pick for Energy secretary
Donald Trump has chosen Rick Perry to be Energy Secretary, putting the one-time presidential candidate and former oil-state governor atop the agency charged with charting the nation’s energy future,...
View ArticleRex Tillerson’s holdings including stock in rival oil companies
Rex Tillerson’s personal investment portfolio includes stakes in some of the toughest competitors he battled for market share as chairman and chief executive officer of Exxon Mobil Corp. Tillerson, who...
View ArticleThe pipeline fight: Protesters rally against protesters
First came the Trans-Pecos pipeline. Then the pipeline protesters arrived. Now the protest protesters are mobilizing. North Texans for Natural Gas launched an online petition this week in support of...
View ArticleTillerson nears senate vote for confirmation
Former Exxon Mobil CEO Rex Tillerson is nearing a final decision in the Senate on whether he will be the next secretary of state. The Senate has scheduled a cloture vote on Tillerson’s nomination for...
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