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Shale Oil And Natural Gas Resources to be Developed in Argentina
Exxon Mobil Corp, the largest U.S. oil company, will spend up to $76.3 million to explore and develop shale oil and natural gas in Argentina’s Neuquén basin in collaboration with Canadian Calgary-based Americas Petrogas Inc.
Exxon-Mobil Pleads Guilty to Killing Migratory Birds in 5 States Over 5 Years
Exxon-Mobil Corporation has pleaded guilty in U.S. District Court in Denver to violating the federal Migratory Bird Treaty Act (MBTA) in five states during the past five years. The company has agreed to pay fines and community service payments totaling...
Corrupting Influence Of Oil Money – Political Opinion
The world has never looked better for the Big Five oil companies. This morning, Exxon Mobil, the world’s largest oil company, announced its “second-quarter profit rose 14 percent, to $11.68 billion, the highest-ever profit by an American...
Oil Companies Close to Initial Deals Which Appear to Seal Their Future Influence in Iraqi Oil
Major western oil companies are on the cusp of potentially determinative transitional agreements with the Iraqi oil ministry as the country seeks to bolster development and revenues. However, significant challenges loom.
McCain Tax Cuts Leave Holes in Federal Budget – Political Opinion
Sen. John McCain (R-AZ) consistently fearmongers that “Democrats…want to raise your taxes…I want to lower your taxes” and threatens that under Sen. Barack Obama’s (D-IL) tax plan, “Americans of every background would...
Iraqi PM: Security Gains Luring Business Investment
Iraqi Prime Minister Nouri al-Maliki told sheiks assembled in Karbala, south of Baghdad, that improved security in the nation has prompted many companies to seek out investment opportunities in Iraq. VOA’s Suzanne Presto reports from the northern...
Nigeria Government Set to Recover $1.91bn From Shell, Exxon Mobil Oil Companies
The Nigerian government is set to recover $1.91 billion outstanding payments from Shell and Exxon Mobil, two multinational oil companies, in respect of Production Sharing Contracts (PSCs) for the Bonga and Erha oilfields, in the Niger Delta, which deep-offshore...
OPEC Chief Says $200 a Barrel Possible
Crude oil prices edged closer to 120 dollars a barrel and hit a new, record high, fueled by the shutdown of a key pipeline and concerns about violence in Nigeria. Crude oil for June delivery hit $119.93 cents a barrel in New York Monday, before easing...
