Adequate state regulatory regimes for oil and natural gas drilling are in place, but it still takes compliant operators — and knowledgeable regulators — to ease public concerns about safety and environmental risks, ExxonMobil Corp. CEO Rex Tillerson said last Wednesday.
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NGI The Weekly Gas Market Report
ExxonMobil Obliges Minority Shareholders, Will Disclose Unconventional Drilling Risks
ExxonMobil Corp. has agreed to disclose for the first time more details about the risks of drilling unconventional wells that use hydraulic fracturing (fracking) stimulation, complying with minority shareholder demands for the second time in two weeks.
NGI The Weekly Gas Market Report
ExxonMobil Suspends Interest, Shell Out in Black Sea Gas Deal
Royal Dutch Shell plc and ExxonMobil Corp. have reportedly pulled out and suspended, respectively, their participation in a consortium to explore and develop an offshore natural gas field in the Black Sea due to the ongoing crisis in Ukraine.
NGI The Weekly Gas Market Report
Russia’s Actions in Ukraine Fuel Debate Over Sanctions, LNG Exports
Analysts said economic sanctions from the United States and the European Union (EU) designed to punish Russia for its actions in Ukraine were "modest" at best, and could potentially damage business relationships that western oil and gas companies spent years building with OAO Gazprom and OAO Rosneft, Russia's state-owned gas and oil companies.
Enable Building XTO’s Crude, Produced Water Systems in Bakken
Enable Midstream Partners LP has secured two more agreements with XTO Energy Inc. to build a second crude oil gathering system, as well as one for produced water, in North Dakota's Bakken Shale.
Two More Colorado Oil Shale RD&D Projects Given Green Light
Oil shale research, demonstration and development (RD&D) in Colorado is expanding following tentative federal approval of two projects, including one by ExxonMobil Corp.
Global Natural Gas, Oil Competition? Bring it On, Says ExxonMobil Chief
North America one day soon may be able to supply internal natural gas and oil demand, but that’s no reason to ignore the value of international trade, ExxonMobil Corp. CEO Rex Tillerson said Wednesday.
ExxonMobil Grabs More Permian Acreage, Sells Gassy Utica Property
ExxonMobil Corp.’s onshore U.S. subsidiary on Monday agreed to buy oily land in the Permian Basin of Texas and sell natural gas-weighted Utica Shale property in Ohio.
ExxonMobil Has No Plans to Boost U.S. Natural Gas Production
The recent uptick in natural gas prices will do nothing to change the No. 1 North American producer’s decision about whether to raise some gas-directed rigs again, an ExxonMobil Corp. executive said Thursday.
Berkshire Takes $3.45B Stake in ExxonMobil
Berkshire Hathaway Inc. disclosed Thursday that it owns 40.1 million shares of ExxonMobil Corp. currently worth an estimated $3.45 billion.