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    News and Articles on Exxonmobil

    Archives: Exxonmobil

    A Checkered Future for Nascar?  Nov 20, 2009
    Toyota () and ExxonMobil (), however, are taking their product technology straight from the track to consumers. Toyota Racing Development and ExxonMobil just unveiled a new partnership in which the oil giant will provide its Mobil 1 Racing products to Toyota's Nascar teams. (BusinessWeek)

    Rell Announces Plan To Rebuild 23 Highway Service Plazas  Nov 20, 2009
    Andrew J. McDonald, a Democrat, immediately called for an independent financial analysis of the deal and questioned whether ExxonMobil, which has operated the highway gas stations since the 1980s, would be liable for any environmental contamination at the sites. ExxonMobil's gasoline contract with the DOT expired Sept. 30, as did the state's food-service pact with. (FOX61, CT)

    Woodside's cost blow-out  Nov 20, 2009
    ExxonMobil last month raised the forecast cost for its LNG project in Papua New Guinea by about 15 per cent to $US15 billion. Woodside, which owns 90 per cent of Pluto, is planning to swiftly expand production by using a mix of its own gas and neighbouring gas fields owned by other firms. (Sydney Morning Herald -- Business)

    Gas line issues deserve debate  Nov 19, 2009
    More generally, has anyone asked ExxonMobil whether the Interim Project Agreement it entered with TransCanada has in any way changed the terms for committing its gas to the project set out in the contract it negotiated with my Administration ... If the state is working so closely with ExxonMobil, why is Department of Natural Resources still litigating with the company regarding the unit agreement at Point Thomson - an area that contains 9 trillion cubic feet of the gas needed to make the project... (Juneau Empire)

    A U.S. visa, shouts of corruption, and barrels of oil  Nov 18, 2009
    Production of the country's nearly 400,000 barrels of oil a day is dominated by American companies like ExxonMobil, Hess and Marathon ... Production of the country's nearly 400,000 barrels of oil a day is dominated by American companies like ExxonMobil, Hess and Marathon. (Honolulu Star-Bulletin)

    FACT CHECK: Palin's book goes rogue on some facts  Nov 17, 2009
    PALIN: Criticizes an aide to her predecessor, Gov. Frank Murkowski, for a conflict of interest because the aide represented the state in negotiations over a gas pipeline and then left to work as a handsomely paid lobbyist for ExxonMobil. Palin asserts her administration ended all such arrangements, shoving a wedge in the revolving door between special interests and the state capital. (San Francisco Chronicle -- Sports)

    Buffett's Berkshire Acquires ExxonMobil Stake  Nov 17, 2009
    OMAHA, Nebraska November 16, 2009 (AP) The Associated Press. Billionaire Warren Buffett's company bought a nearly $60 million stake in Exxon Mobil Corp., trimmed holdings in oil rival ConocoPhillips and nearly doubled its stake in Wal-Mart Stores Inc. during the latest quarter. (ABC News -- Wire)

    Africa: Investors Expanding Oil Interests Throughout Continent [analysis]  Nov 17, 2009
    Earlier this month, that field received a big boost from ExxonMobil, which is reportedly battling China National Offshore Oil Corp., or Cnooc, to buy effectively a 23. 5% stake held in Jubilee by Kosmos Energy at a price of $4 billion. (allAfrica.com)

    ASEAN and APEC Summits  Nov 16, 2009
    Obama told his ASEAN hosts that the group is an "organization of global importance." U.S. companies, including General Electric (), Ford Motor () and ExxonMobil (), have invested more than $153 billion in the region, and U.S.-ASEAN trade was $178 billion last year. The meeting also marked the first time a U.S. President has met with the leader of the military-installed government in Myanmar in many decades. (BusinessWeek)

    EXXON AWARDS SCHOOLS MORE THAN $71K  Nov 15, 2009
    For the 11th consecutive year B-B-F Oil Co., its Exxon Family Stop stores and independent dealers have teamed with the ExxonMobil Education Alliance to award grants to schools in the areas they serve. This year s grants, awarded to 11 school districts, through 12 Exxon outlets brought the total amount awarded to more than 71,000. (Pine Bluff Commercial, AR)

    Nigerian militants say peace talks start with govt  Nov 15, 2009
    Sun, 09:08 15 Nov 2009 GMT. MEND says talks mark beginning of serious dialogue. (AlertNet)

    Ghanas Oil Find What is our Real Stake?  Nov 14, 2009
    5 to 5% additional stake now claim it will find the money to buy Kosmos estimated $4 billion stake so we should not sell that stake to a proven oil producer like ExxonMobil whose track record in the industry is undisputable. The Chinese were brought in at the early stage during the drilling. (Ghana Web, Ghana)

    The rise of Rimland?  Nov 13, 2009
    While Shell and the CFP (which became the French company Total in 1991) sought to develop the Kirkuk deposits as quickly as possible, the APOC (today's BP) and the American company Standard Oil of New Jersey (which became Esso, then Exxon, and is today ExxonMobil) sought to delay it because they had other holdings and didn't mind keeping the oil in the ground there ... The Iraqi government has just reached agreement with America's ExxonMobil (Standard Oil of New Jersey when it was a member of... (Asia Times Online)

    Editorial: Ethical behavior allows for future successes  Nov 13, 2009
    Whether it was ExxonMobil leading a disinformation campaign concerning global warming or greedy Wall Street brokers that contributed to our country's economic collapse, examples of good ethics can be difficult to find. According to USA Today, former New York Times columnist Jayson Blair will be guest-lecturing to students at Washington niversity in Virginia at a journalism conference today. (The Daily Campus, CT)

    Faith-based group tries to pit Exxon, AT&T against U.S. Chamber of Commerce  Nov 12, 2009
    The Interfaith Center on Corporate Responsibility has sent letters to dozens of American companies including and ExxonMobil asking them if they agree with the s stance on health care reform. The U.S. Chamber has indicated on its Web site that it supports reasonable health care reforms to fix costs, but is opposed to measures in the Affordable Health Care for America Act, which passed the last week. (Dallas Business Journal, TX)

    AMP, AXA: Big four's 'fifth pillar' fright  Nov 11, 2009
    ACCC DELAYS DECISION ON CALTEX, EXXONMOBIL DEAL. The competition regulator has delayed a decision on whether to approve Caltex's proposed acquisition of ExxonMobil service stations until December 2 ... Of the two looming decisions, the Caltex-ExxonMobil deal is expected to be the tougher one to get the ACCC's tick of approval, because while Woolworths is a powerful retailer, it does not have an existing hardware business. (Sydney Morning Herald -- Business)

    Kufuors Cartel Unmasked  Nov 10, 2009
    From the coming of Telenor to Ghana, The Divestiture of Ghana Telecom to Vodafone UK and the decision of Kosmos Energy to sell their interest in the Jubilee Field and their insistence to sell only to ExxonMobil ... KUFUOR-HERBERT OSEI BAIDOO-EXXONMOBIL ... When Kosmos and EO Group decided to sell their interest, they, in blatant violation of the petroleum agreement with GNPC, began exclusive negotiations with a US oil giant - ExxonMobil. (Ghana Web, Ghana)

    Warriors at the coalface  Nov 10, 2009
    One old industry hand is Brian Flannery, the climate guru for energy giant ExxonMobil and, along with Nick Campbell, a representative of the International Chamber of Commerce ... ExxonMobil was one of the last of big businesses to grudgingly accept, at least publicly, the science behind climate change ... ExxonMobil's Flannery says anyone who comes to the international talks hoping to woo a delegation is "just going to get heartburn''. The UN talks are strictly for networking, he notes. "You... (Sydney Morning Herald -- Australia)

    Dept. of Revenue head rebuts Murkowski pipeline criticism  Nov 7, 2009
    Under AGIA, Galvin said, the company chosen by the state, TransCanada Corp., is developing a pipeline with state support and the involvement of ExxonMobil Corp. As the AGIA process began, two other companies, ConocoPhillips Co. and BP PLC, began developing their own pipeline. Those two pipeline efforts are both working toward "open seasons," during which they'll publicly seek commitments of natural gas from shippers. (Juneau Empire)

    Renewable energy in fund boost  Nov 7, 2009
    US energy giant ExxonMobil and Europe-based Shell have won the right to. Top Business articles. (Sydney Morning Herald -- Business)

    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)

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