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Exxon sells controversial Iraq oil stake to PetroChina

American energy giant Exxon Mobil on Thursday sold part of its controversial stake in a massive Iraqi oilfield to PetroChina and Indonesia’s Pertamina amid a long-running row with Baghdad. The sale of the stake in the West Qurna-1 field in south Iraq, one of the country’s largest, marks a key…

Researchers: Sonar mapping for oil near Madagascar killed 100 whales

A noisy technology that blasts sounds below water to map the ocean for oil is being blamed for 100 melon headed whale deaths off Madagascar, experts said Thursday. An independent panel of scientists found that sonar surveying by ExxonMobil in late May 2008 led to the sudden displacement of the…

PetroChina to join Exxon on giant Iraqi oilfield: source

By Chen Aizhu and Vladimir Soldatkin BEIJING/MOSCOW (Reuters) – China’s biggest energy firm PetroChina will join Exxon Mobil in developing Iraq’s giant West Qurna oilfield and is in talks with Lukoil to buy into a second project at the field, industry sources said on Friday. China is already the top…

Arkansas opens probe into Exxon Mobil spill

CHICAGO — Arkansas opened an investigation into an ExxonMobil pipeline that unleashed thousands of barrels of crude and forced the evacuation of 22 homes, the state’s attorney general said Tuesday. The spill comes weeks before what is expected to be a raucous public hearing on the controversial Keystone XL pipeline,…

Arkansas residents evacuate as Exxon-Mobil tar sands pipeline ruptures

An Exxon-Mobil oil pipeline ruptured Friday afternoon in the town of Mayflower, Arkansas, forcing the evacuation of 20 homes and shutting down sections of interstate highway. According to Little Rock’s KATV, a hazardous materials team from the Office of Emergency Management has contained the spill and is currently attempting a…

Bad Timing

CNN, this morning: Exxon Mobil earns more money than any company ever has, ever. American Petroleum Institute ad on CNN, this morning: “While America’s oil and natural gas industry earns less than many other industries…” That may be an ad that you want to pull on earnings days, guys.…

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