Exxon Mobil finished a roller-coaster year in the oil markets with an all-time record $45.2 billion in profits, despite fourth-quarter earnings that were a third lower than the same period a year before.
With oil prices slumping, Exxon Mobil suffered a sharp drop in profits from producing oil and gas but higher profit margins at refueling [...]
Secretary General of OPEC, said that more than contain oil market is big and strong output cut is needed, sending crude oil prices on world markets in question.
The president of OPEC, but here too, that the unanimous support of the reduction in Organization
Note that speculation that the State of the Organization of Petroleum Exporting Countries [...]
Kurdish separatist group claims responsibility for blast
Firefighters in southeast Turkey on Sunday extinguished a fire on a section of oil pipeline that had been set ablaze by an explosion.
The bomb attack on the Kirkuk-Ceyhan pipeline Friday night halted oil exports from Iraq through Turkey.
The separatist Kurdistan Workers’ Party, also known by its Kurdish initials PKK, [...]
IRVING, Texas, Nov 19, 2008 (BUSINESS WIRE) — Exxon Mobil Corporation (NYSE:XOM) announced today its affiliate, ExxonMobil Exploration and Production Turkey B.V., has signed an agreement with Turkish national oil company, TA 1/4rkiye Petrolleri Anonim OrtaklAAYA (TPAO), to explore in two large deepwater blocks offshore Turkey, marking ExxonMobil’s entry into Black Sea exploration.
ExxonMobil will become [...]
BAKU, Azerbaijan – Senior U.S. energy officials have criticized Russian natural gas projects during a visit to energy-rich Azerbaijan.
A U.S. special envoy for Eurasian energy issues said Thursday that Russia’s planned South Stream pipeline to Europe will be expensive and difficult to build. C. Boyden Gray said the project currently is not competitive with two [...]
BAKU (AFP) – US Energy Secretary Samuel Bodman on Thursday said there were difficulties with a Russian plan for a new gas pipeline to Europe and said Washington wanted to encourage diversity of supply.
Speaking ahead of an energy summit in Azerbaijan that will promote alternative energy supply routes from the Caspian region to Europe, Bodman [...]
By ROBERT WIELAARD
BRUSSELS, Belgium (AP) — The EU’s top energy official will travel to Turkey and Azerbaijan Wednesday to show Europe’s commitment to a pipeline that would transport natural gas from the Caucasus westward in 2013, keeping it out of Russia’s grasp.
EU Energy Commissioner Andris Piebalgs will make a push for the Nabucco pipeline, [...]
BAKU, Azerbaijan (AP) — The first shipment of Kazakh oil has been pumped through a strategic pipeline that bypasses Russia on its way to Western markets, an Azerbaijani official said Monday.
The shipment from the massive Tengiz field is a significant step toward connecting Central Asia’s gas and oil resources to Western markets. Most of Kazakhstan’s [...]
By William Courtney And Kenneth Yalowitz
RUSSIA’S INVASION of Georgia in August inflicted a potentially severe blow to global energy security by threatening export routes for Caspian energy. Russian President Medvedev’s declaration on Aug. 31 that Moscow has “privileged interests” - read, a sphere of influence - in bordering countries underscores that Moscow’s [...]
