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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…

Exxon: Ruptured Montana pipeline had carried tar sands crude

SALMON, Idaho (Reuters) – Exxon Mobil said on Friday that a pipeline that failed two weeks ago, leaking oil into the Yellowstone River, routinely transported a heavier and more toxic form of crude than the company and federal regulators initially acknowledged. The Silvertip pipeline carries so-called tar sands crude from…

Montana governor threatens lawsuit over oil spill

BILLINGS, Montana (Reuters) – Montana Governor Brian Schweitzer continued on Friday to press Exxon Mobil over an oil spill into the Yellowstone River and threatened to take the company to court as clean-up continued a week after the leak. Schweitzer has been increasingly critical of Exxon in the days since…

Montana governor reviewing oil, gas pipeline safety

Montana governor reviewing oil, gas pipeline safety KALISPELL, Montana (Reuters) – Montana Governor Brian Schweitzer on Monday said authorities will review safety of all oil and gas pipelines that cross waterways in the state and close those that did not meet standards. “We’ll make the decision over the next couple…

Oil spills into Yellowstone River after Exxon Mobil pipeline ruptures

An Exxon Mobil pipeline that runs under the Yellowstone River in Montana ruptured Friday night and leaked for about a half-hour. The New York Times reported that the over 120 residents in the town of Laurel, downstream from the rupture, had to be evacuated because officials feared a possible explosion.…

Exxon profits soaring amid gas price hikes

HOUSTON (Reuters) – Exxon Mobil Corp’s quarterly profit rose a better-than-expected 69 percent as the world’s largest publicly traded oil company benefited from higher crude prices and better margins for its refineries. The Irving, Texas, company reported a first-quarter profit of $10.65 billion, or $2.14 per share, up from $6.3…

Judge refuses to order additional Exxon Valdez payment

ANCHORAGE, Alaska (Reuters) – A federal judge has refused to order Exxon Mobil Corp. to pay an additional $92 million sought by the U.S. government and state of Alaska to address lingering damage from the 1989 oil spill in Prince William Sound. District Court Judge H. Russel Holland, who for…

Environmentalists sue ExxonMobil over air laws

Environmentalists sue ExxonMobil’s largest US refinery, accuse it of violating Clean Air Act The largest oil refinery in the United States released more than 8 million pounds of illegal pollution in the past five years, violating the federal Clean Air Act thousands of times, according to a lawsuit filed Tuesday…

Militants attack Exxon Mobile facility in waters off Nigeria

Gunmen attacked an offshore facility operated by US oil giant Exxon Mobil off the coast of southern Nigeria at the weekend, the company said Monday. The Nigerian subsidiary of Exxon Mobil said one of its offshore facilities “was boarded by unknown armed persons in the evening of Sunday,” but gave…

Today’s ‘spillionaires’ may become tomorrow’s ‘BP whores’

Million dollar contest launched in US to clean oil spill Only time will tell if angry locals end up dubbing the latest “spillionaires” to profit from an environmental disaster “BP whores” in years to come. ABC News reports, “Mark Miller, whose environmental clean-up firm has hired nearly 1,500 workers in…

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