Polluters feel the heat in rising legal tide Nov 7, 2009
Kivalina v ExxonMobil Corp et al, brought on behalf of the inhabitants of the Alaskan village allegedly destroyed by climate change, was struck down for lack of standing last month, although an appeal is likely. One of the plaintiff lawyers in the Comer case, Todd Campbell, told G-BIZ: ''It's not a uniform tide, but it's encouraging. (Sydney Morning Herald -- Business)
Irving agrees to buy Maine petroleum terminals Nov 5, 2009
PORTLAND, Maine (AP) -- Irving Oil Terminals Inc. says it has reached an agreement with ExxonMobil to buy two petroleum terminals in South Portland and Bangor and the 124-mile pipeline that connects them. Irving Oil Terminals Sales Director Bob Blanchard tells the Portland Press Herald that the company will continue full operation of the terminals and the pipeline. (Concord Monitor)
Why Big Oil Is Back in Iraq Nov 5, 2009
While they liked the billions of barrels of reserves that were on offer, ENI (), ExxonMobil (), Royal Dutch Shell (), and others balked at the tough terms the Iraqis were proposing. Today they're coming back and getting roughly the same deal that was on the table during the summer. (BusinessWeek)
Oil company awards VAS $750 grant Nov 4, 2009
Tuesday, November 3, 2009 12:08 PM EST VANDERBILT -- Vanderbilt Area School has received a 750 grant from the ExxonMobil Educational Alliance program to support the school s new science lab ... The grants were made possible by funding from the ExxonMobil Corporation ... The ExxonMobil Educational Alliance program is designed to provide Exxon and Mobil retailers with an opportunity to invest in the future of their communities through educational grants to neighborhood schools. (Gaylord Herald Times, MI)
Paladin's uranium target in doubt Nov 4, 2009
In contrast with the Australian Competition and Consumer Commission's close scrutiny of the sale of ExxonMobil's Australian service stations to Caltex, this deal is not expected to attract much attention from New Zealand regulators. ExxonMobil has also put some of its downstream assets in New Zealand on the block in a process run by Goldman Sachs JBWere. (Sydney Morning Herald -- Business)
Africa: Continent Can Help Mitigate Climate Change [analysis] Nov 4, 2009
All the major oil companies in Nigeria, principally the Dutch-British Shell Oil, and American companies Chevron and ExxonMobil, are members of the World Bank-sponsored Global Gas Flaring Reduction Public-Private Partnership, as are Nigeria and the United States. The World Bank notes that "Capture and use of the flared gas is ... a so-called low-hanging fruit relative to other carbon emissions reductions.". (allAfrica.com)
Australia flags rate rise as 'recovery phase' begins Nov 3, 2009
Australia has also been buoyed by a series of major trade deals including a record $41 billion (R306 billion) liquefied natural gas contract between ExxonMobil and PetroChina. "I have maintained throughout that Australia's medium-term prospects remained good and that we should not lose confidence. More people seem to be taking that view," Stevens said. (Business Report, South Africa)
Kufuor's modus operandi exposed Nov 3, 2009
Next Week: ExxonMobil - Herbert Osei Badu - Tullow Oil - Sabre Oil etc. Also, the finale to deals between Charles and Nick. (Ghana Web, Ghana)
Green or black? Nov 3, 2009
" The attraction of algae is that, as the tiny organisms grow, they absorb carbon dioxide and the oil extracted from them can be processed into fuel to be used as a normal part of the existing fuel infrastructure. Will they ever replace fossil fuels? Inland, in the desert of Southern California, Jim DeMattia manages the algae ponds of Biolight Harvesting and has more experience than most at cultivating algae on a large scale. Paddle wheels keep the algae circulating around vast shallow... (BBC News -- Science)
Read the 'Cost of Freedom' recap Nov 3, 2009
Bank of America has a balance sheet that's 10 times the size of ExxonMobil and if they could manage it on their own, it's not humanly possible for anyone to manage that $2 trillion balance sheet, but if they could do it on their own, they wouldn't be asking for a government handout. So the issue is to get the government regulators to step in sooner. (Fox News)
Liquefied gas looking solid Nov 2, 2009
Liquefied gas is looking solid - moneymanager. Liquefied gas is looking solid. (The Age, Australia)
* China wants new era with Australia Oct 31, 2009
In August, PetroChina and ExxonMobil struck the biggest deal in Australias history, worth A$50 billion, to supply liquefied natural gas over 20 years from a major new plant in Western Australia. Australias Foreign Investment Review Board yesterday also approved Chinese giant Baosteels A$286 million offer for a 20 percent stake in local miner Aquila. (Taipei Times, Taiwan -- World)
Nigeria: Western, Chinese Firms Compete for Oil Rights Oct 30, 2009
China has indicated its desire to move in on oil blocks currently licensed to Shell, Chevron and ExxonMobil, offering about $30 billion for 49 per cent in 23 oil blocks - 18 onshore and five offshore ... Western oil firms including Royal Dutch Shell, Chevron and ExxonMobil, operate in Nigeria through joint ventures with NNPC. ... Ajumogobia said the Chinese had identified a number of blocks in which they would be interested, including licences operated by Royal Dutch Shell, Chevron and... (allAfrica.com)
Traynham reports on storm damage reappraisals Oct 30, 2009
approved three 750 grants from ExxonMobil, which will go to Fort Stockton High School, Fort Stockton Intermediate School and Apache Elementary School. approved a budget amendment relating to the grants from ExxonMobil. (Fort Stockton Pioneer, TX)
ExxonMobil profit falls 68% to $4.7B; most in oil sector glum Oct 30, 2009
ExxonMobil profit falls 68% to $4 ... ExxonMobil profit falls 68% to $4. (USA Today -- Money)
Read This Because the Dollar Is Doomed Oct 30, 2009
First, consider companies such as ExxonMobil (NYSE: XOM) or BP (NYSE: BP) that have significant natural resource reserves that should maintain their value. Second, consider a company with significant exports like Boeing (NYSE: BA) that benefits from a weaker dollar because that makes its pricing more competitive globally. (MSNBC -- Business)
7 Great American Stocks on Sale Oct 30, 2009
Here's how to buy them. updated 3:00 a.m. ET Oct. 29, 2009. (MSNBC -- Business)
PREACHING PATIENCE Oct 30, 2009
He pointed to the 500 million in incentives pledged by the state under the Alaska Gasline Inducement Act, the contract being awarded to TransCanada and TransCanada s partnership with ExxonMobil. Think about that for a minute. (Wasilla Frontiersman, AK)
Ghana Offshore Production A Year Away Oct 29, 2009
875% stake in the field ExxonMobil has agreed to pay $4 billion for the stake, but that could be disrupted by China National Offshore Oil Co. (CEO), which is contemplating a rival bid in collaboration with Ghana National Petroleum Corp.. "Our operations would however not be affected by whatever happens to Kosmos because Tullow is committed to remaining in Ghana," the spokesman said. (Ghana Web, Ghana)
Exxon Mobil ordered to pay city $105M Oct 28, 2009
Reader CommentsAdded: Friday October 23, 2009 at 10:04 AM ESTExxonMobil not the source of MTBEUnfortunately, the Chronicle did not give us a chance to comment for this story ... The City's own expert identified three sources, none of which were an ExxonMobil station ... Kevin with ExxonMobil , Fairfax, VA. (Queens Chronicle, NY)
Liquefied gas is looking solid Oct 28, 2009
The Age: national, world, business, entertainment, sport and technology news from Melbourne's leading newspaper. By Martin RothOctober 28, 2009. (Sydney Morning Herald -- Business)
Sinopec Makes Offer for Ghana Oil Stake - Source Oct 28, 2009
The Jubilee stake in question is owned by U.S. company Kosmos Energy, which has said it signed a binding agreement with ExxonMobil Corp. (XOM) for the stake, for an estimated $4 billion. GNPC representatives say they have the right of refusal for any such agreement. (Ghana Web, Ghana)
Osprey numbers up in Yellowstone River valley Oct 26, 2009
Of the 22 nests, five are at an ExxonMobil refinery. As a result of the survey, the society plans to survey nests annually and coordinate with other osprey monitoring efforts in the state. (Montana Standard, MT)
$100 Oil? Don't Bet on It Oct 26, 2009
Major oil companies such as ExxonMobil (), Chevron (), and BP () continue to spend on exploration, while smaller companies have cut back substantially. But that is just part of the picture, analysts say. (BusinessWeek)
How the Government of Ghana and GNPC should ...... Oct 26, 2009
ExxonMobil, however, operates in practically all major oil producing areas, with operations from exploration through manufacture of related end-products as well. The market access ExxonMobil wields will either be the one invaluable asset we gain in a partner or one that will become a hurdle for our future prospects if it ends up going to competing emerging oil producers in our region ... ExxonMobil being an established private company with more interests across the globe is more likely to be... (Ghana Web, Ghana)
Investment Challenges In The Oil And Gas Industry: Oct 25, 2009
In a study by the Baker Institute, they found that the Big Five (ExxonMobil, Royal Dutch Shell, BP, Chevron and ConocoPhillips), used 56 percent of their increasing cash flow on share repurchases and dividends, which even though was good for investors in the short term, put the long term reserves of these companies at risk and therefore undermined their future investments ... If Ghana is to attract the kind of technology which deep water exploration requires and which will prolong Ghanas... (Ghana Web, Ghana)
* Energy giants invest in the power of slime Oct 25, 2009
Over the summer, the first mega-corporation joined in, when ExxonMobil said it would sink US$600 million into algae research in a partnership with a California biotechnology company. If the research pans out, scientists say they will eventually find a cost-effective way to convert lipids from algae ponds into fuel, then pump it into cars, trucks and jets. (Taipei Times, Taiwan -- Sports)
Wall Street eyes new catalyst as earnings rally fades Oct 24, 2009
" onclick="Next();" src="/images/butt_next. That's been the catalyst for holding the market together," said Marc Pado at Cantor Fitzgerald. But he said that because many had already anticipated a strong season, "we see selling on the news". In the coming week, investors will see more quarterly results and economic data including gross domestic product (GDP) for the third quarter, expected to show the economy expanded after four consecutive declines. Douglas McIntyre at 24/7 Wall Street says he... (Channelnewsasia.com)
BP to battle ExxonMobil for Ghana oil Oct 23, 2009
BP, the oil group, is considering a bid for one of Africas biggest offshore oilfields in a move that could pitch it into a direct battle for control with ExxonMobil, its arch US rival. BP has held talks with Ghana National Petroleum Corporation (GNPC) about a possible joint bid for a stake in the Jubilee deepwater field in Ghana, which reportedly contains up to 1. (Ghana Web, Ghana)
How You Can Still Retire Early Oct 23, 2009
The other should contain income-producing investments, including dividend-paying stocks like Procter & Gamble (NYSE: PG), PepsiCo (NYSE: PEP), and ExxonMobil (NYSE: XOM). A real estate investment trust (REIT) like Vornado Realty (NYSE: VNO) could also fall into this second category. (MSNBC -- Business)
U.S. Metro Areas Least Hit by Recession Oct 23, 2009
1 billion of construction projects have been announced or are under construction in the Baton Rouge metro, including a new plant for French chemical company and the expansion of an ExxonMobil () chemical plant. "One nice thing after another thing happened that has countered what's happening in the rest of the country," Scott said. (BusinessWeek)
Editing Scientists: Science and Policy at the White House Oct 23, 2009
Following his resignation in 2005 immediately following reports of the editing, ostensibly for "family reasons," he joined ExxonMobil. "Every policy document and actually every major regulation goes through intensive interagency and even inter White House process of review. Every person with a perspective has the opportunity and the obligation to provide comment," Connaughton explains. (Scientific American)
UMW to decide on new Perodua MD very soon Oct 22, 2009
Prior to that, he was involved in the oil and gas sector at ExxonMobil for 13 years. Syed Hafiz holds a Bachelor of Economics (Business Administration) degree from Universiti Malaya. (The Star Online, Malaysia -- Business)
Alaska must hold the line Oct 21, 2009
In June, TransCanada announced its project partnership with ExxonMobil ... The participation of ExxonMobil and the competition of the Denali project are evidence of AGIA's continuing success, and legislators should be proud of their foresight and wisdom. (Juneau Empire)
Matching Gifts Oct 21, 2009
Matching Gift Companies - CLEMSON UNIVERSITY OFFICIAL ATHLETIC SITE. Matching Gift Companies Thank you for making the extra effort - and for your doubled support. (Clemsontigers.com)
* Oil greed affects us all Oct 21, 2009
Insensitive and condescending, BP, Shell, ExxonMobil and the other giants that dominate the sale of gasoline in the high street have been reduced to minnows. Thirty-five years ago, the so-called seven sisters controlled about 80 percent of the worlds oil supplies. (Taipei Times, Taiwan -- Sports)
Credit card canceled without warning? Oct 21, 2009
That includes Shell, Citgo, ExxonMobil and Phillips 66-Conoco cards. No law, AP said, prevents banks from closing down credit accounts without warning. (Atlanta Journal-Constitution -- Business)
Citibank's Gas Credit Cards Run Dry Oct 21, 2009
Citibank is closing a "limited number" of its oil partner co-branded accounts, including Shell, ExxonMobil, Citgo and Phillips 66-Conoco ... The bank said in a statement it "decided to close a limited number of oil partner co-branded MasterCard accounts." That includes not only Shell, but Citgo, ExxonMobil and Phillips 66-Conoco cards. (CBS News)
Nigeria: 10 Percent Stake Won't Affect Oil Companies, Says Govt Oct 21, 2009
The Federal Government, through the Nigerian National Petroleum Corporation (NNPC), currently holds an average of 57 per cent in the JV operations with Shell, Chevron, ExxonMobil, Total and Agip in the upstream sector. However, under government's new initiative, Niger Delta communities would be given 10 per cent of NNPC's stake. (allAfrica.com)
Nigeria: Niger-Delta to Get 10 Percent of Oil Wealth Oct 21, 2009
At present, NNPC controls the majority share in this country's joint ventures with international oil companies, including Royal Dutch Shell, Chevron and ExxonMobil. Under Yar'adua's initiative, according to Reuters, Niger Delta communities would be given a10 percent stake in NNPC's share of the ventures. (allAfrica.com)
Toys R Us introduces layaway program Oct 20, 2009
ExxonMobil and Shell each hold a 25 percent stake. In August, Chevron announced discoveries in wells off Western Australia state. (Honolulu Advertiser)
Ghanas Oil and Tsikatas Obstructionism Oct 19, 2009
When Kosmos decided that it would sell of its stake, for the better part of three months, no company met the barometer except oil giant ExxonMobil ... Thus the expectation was that ExxonMobil, as big as they are, would not mind greasing a few palms to make the Kosmos deal a reality ... In fact, Tsikata actively pursued ExxonMobil to come to Ghana. (Ghana Web, Ghana)
Chevron Announces New Gas Find off Australia Oct 19, 2009
ExxonMobil and Shell each hold a 25 percent stake. In August, Chevron announced discoveries in wells off of Western Australia state. (ABC News -- Wire)
Oil Search aims to raise $895m Oct 19, 2009
It is a natural gas and liquefied natural gas (LNG) development operated by ExxonMobil in Papua New Guinea, thought to contain about 9. 3 trillion cubic feet of resources. (Sydney Morning Herald -- Business)
Nigerian Children Deemed Witches Tortured Oct 18, 2009
Here in the US in order for Bush to allow Haliburton, and ExxonMobil to control Iraq's oil, he had to frighten even the most educated people about Saddam's atomic bomb program. There was fear and panic here that allowed Bush to gain power and control through lies and manipulation. (CBS News)
Court dismisses global warming case Oct 17, 2009
The Native Village of Kivalina filed suit against ExxonMobil Corp. and others last February, attempting to recover $400 million in damages for public nuisance related to emitting pollutants that have allegedly caused the sea to rise and reclaim parts of Kivalina shores. Taking a page out of the tobacco litigation playbook, co-lead attorney Steve Susman of Houston s also tacked on conspiracy allegations, claiming that exploration and production, power and coal companies conspired to mislead the... (Houston Business Journal, TX)
Frank Murkowski talks oil and gas Oct 17, 2009
The state's third big leaseholder, ExxonMobil Corp. joined TransCanada's effort and will be bound by AGIA's conditions. However, Murkowski was adamant that AGIA is not working. (Juneau Empire)
Mukesh takes pay cut, RIL caps execs salaries Oct 16, 2009
It is also lower than many other industrialists in India and chiefs of RIL's global peers such as ExxonMobil and Shell ... ExxonMobil's R W Tillerson took home a compensation of Rs 66. (India Times, India -- Intl Business)
Oil Well Success May Boost Ghana Reserves Oct 16, 2009
600 million to 1,200 million barrelTullow Oil said Thursday that a successful appraisal well has increased the estimated size of the Jubilee oil field offshore Ghana, a portion of which is subject to a potential bidding war between oil giants ExxonMobil Corp. and China National Offshore Oil Company (CEO) ... ExxonMobil Corp. (XOM) joined the Jubilee development last week by agreeing to acquire Kosomos Energy's stake in the two blocks the field straddles for $4 billion. (Ghana Web, Ghana)
You May Have This One Wrong -- Here's Why Oct 15, 2009
The other has already quadrupled in less than a year -- not only outperforming highly touted U.S. stocks such as ExxonMobil (NYSE: XOM), IBM (NYSE: IBM), and everybody's darling Goldman Sachs (NYSE: GS), but China's celebrated winners Baidu. com and CNOOC as well. (MSNBC -- Business)
Uganda: ExxonMobil Takes U.S.$4 Billion Stake in Tullow Oct 14, 2009
com: Uganda: ExxonMobil Takes U.S.$4 Billion Stake in Tullow (Page 1 of 1). ExxonMobil Takes U.S.$4 Billion Stake in Tullow ... It is listed on the Irish and London Stock Exchanges and is a constituent of the FTSE 100 Index and ExxonMobil is an American oil and gas corporation. (allAfrica.com)
Fuel-efficient cars help steady oil demand in rich countries Oct 14, 2009
ExxonMobil has also said that U.S. demand for gasoline probably peaked last year and that stricter vehicle standards will probably further reduce demand. As such, it's turning more to developing countries, where demand is expected to rise as people emerge from poverty. (USA Today -- Money)
Final arguments on pipeline in Mackenzie set in April Oct 13, 2009
The partners in the project are Imperial Oil Resources Ventures, the Aboriginal Pipeline Group, Imperial Oil Resources, ConocoPhillips (North), Shell Canada and ExxonMobil Canada Properties. "It's encouraging to see some confirmation of some critical points in the regulatory process," said spokesman Pius Rolheiser of lead partner Imperial Oil in a statement to the Calgary Herald. (Juneau Empire)
West Africa: Shell, Elf Urge Ecowas Court to Dismiss Suit Oct 13, 2009
" Other defendants in the suit are President Umaru Yar'Adua,the Attorney General of the Federation, Michael Aondoakaa (SAN), the Nigerian National Petroleum Corporation (NNPC), Agip Nigeria PLC; Chevron Oil Nigeria PLC; Total Nigeria PLC; and Exxonmobil Corporation. Majority of them are yet to file any objection to the suit filed by Solicitor to SERAP, Mr Femi Falana. The group alleged "Violations of the right to an adequate standard of living, including the right to food, to work, to health, to... (allAfrica.com)
Babcock's stunning jewel Oct 13, 2009
ExxonMobil last week made a $US4 billion bid for US-based Kosmos Energys 30 per cent stake in that field, and now Chinas CNOOC is reportedly considering a rival offer. These bids would appear to demonstrate that if the acreage off Sierra Leone in which Woodside is involved proves to have similar potential, it could be much more valuable to the Australian oil producer than the market is currently factoring in. (Sydney Morning Herald -- Business)
Motley Fool: Listen to Cramer? Thats mad Oct 12, 2009
Motley Fool: Listen to Cramer. Thats mad - Motley Fool- msnbc. (MSNBC -- Business)
Billabong rides the crest Oct 12, 2009
BG has long been mentioned as a potential takeover target for the likes of ExxonMobil, Shell and even BHP Billiton, all of which would likely prefer not to have the downstream operations included. Meanwhile, the Times has also reported that Xstrata is likely to walk away from its proposed takeover of Anglo American for at least six months rather than formalising a bid by the October 20 deadline set by the UK Takeover Panel. (Sydney Morning Herald -- Business)
Kazakhstan seeksroute out of crisis Oct 10, 2009
The deposit, the largest discovered in the world since Prudhoe Bay in Alaska in the 1960s, is being developed by the French company Total in a consortium with Eni, Kazmunaigaz, ExxonMobil, and Shell. Signed this week in Astana in the presence of Presidents Nursultan Nazarbaev of Kazakhstan and Sarkozy of France, it states that a French consortium composed of Spie, Manesmann-France, Europipe, GTS, and Arcelor-Mittal will have for one year the exclusive right to negotiate the terms of construction... (Asia Times Online)
ExxonMobil Appeals Judgment in Md. Leak Case Oct 10, 2009
ExxonMobil Appeals Judgment in Md ... ExxonMobil Appeals Judgment in Md ... ExxonMobil appeals $150 million judgment given to Md. (ABC News -- Wire)
ExxonMobil gives $190,000 to UT Oct 9, 2009
ExxonMobil Corp. has donated $190,000 to the University of Texas at Austin to support its business, engineering, geosciences, law, natural sciences and LBJ School programs ... Over the years, ExxonMobil has contributed more than $40 million, making it the university s most generous corporate partner. (Austin Business Journal, TX)
TransCanada set to play key role in Alaska's natural gas line Oct 8, 2009
That's partly because the pipeline company has persuaded one key club members holding North Slope gas, ExxonMobil Corp., to join it in preparing for a planned 2010 open season. ExxonMobil has clout with BP and ConocoPhillips, the two other major gas owners who are now leading Denali, a separate company that aims to build a gas pipeline ... He spent a good part of the last two summers in Alaska, first engaged with the state of Alaska in its issue of a license to TransCanada to lead the pipeline... (Juneau Empire)
World's best businesses Oct 8, 2009
South African-based Bidvest was ranked 37th in a survey of 2500 of the world's largest publicly listed companies, putting it in such company as Nintendo, Google, Apple, BHP Billiton and ExxonMobil. The survey covered 18 countries and industries as diverse as shipbuilding and information technology. (iAfrica.com)
Just what is happening with the North-West Shelf? Oct 8, 2009
"Yet when (Gorgon participants) Shell, Chevron and ExxonMobil applied to sell jointly, consumers were given just 10 working days to respond," he said. "It took just five weeks for the ACCC to grant them interim authorisation. There appears to be a real divide between the ACCC's public stance on competition and their actions over many years in protecting the world's biggest oil and gas companies. "A different set of rules clearly apply if you are Shell, Chevron or ExxonMobil. (Sydney Morning Herald -- Business)
Exxon Buys Kosmos' Ghana Oil Field Stakes Oct 7, 2009
U.S. oil giant ExxonMobil has bought Kosmos Energy's stake in oil blocks offshore Ghana that contain large oil discoveries, a person familiar with the matter told Dow Jones Newswires Tuesday ... ExxonMobil declined to comment ... For this reason, ExxonMobil's (XOM) acquisitive interest in this area is unlikely to stop at Kosmos Energy, said NCB Stockbrokers analyst Peter Hutton. (Ghana Web, Ghana)
Report: Exxon to pay $4B for Ghana oil field Oct 7, 2009
"ExxonMobil routinely evaluates potential development opportunities around the world," a spokesman for ExxonMobil said in a statement Tuesday. "We do not comment on the details of commercial discussions or opportunities.". (Dallas Business Journal, TX)
