ExxonMobil

Dutch to hasten plans to pay damages after gas field

The Hague - Muslimchronicle

The Dutch government plans to speed up moves to compensate people whose homes and buildings were damaged in a 3.4 magnitude quake, blamed on extraction at Europe's biggest gas field. "I want a framework for compensation to be drawn up within a couple of weeks," Prime Minister Mark Rutte told reporters on Friday, just days after northern Groningen province was hit byRead more

ExxonMobil reaches $300 mn clean air settlement with US regulators

New York - AFP

ExxonMobil will spend $300 million to upgrade eight US chemical facilities and resolve allegations it spewed excess emissions of benzene and other dangerous chemicals into the air, US regulators announced Tuesday. The US petroleum giant will install new pollution controls and monitoring equipment at plants in Texas and Louisiana, according to a consent decree announced by the Justice Department, theRead more

US oil giant ExxonMobil plans Cyprus gas exploration

Nicosia - AFP

US giant ExxonMobil said Wednesday it plans to start drilling at two sites in the second half of 2018 to explore for energy reserves off the south coast of Cyprus. Preparations to support the drilling operations are already underway, the company’s vice president Tristan Aspray said at a presentation in Nicosia. He said the operations would take place back-to-back andRead more

Harvey forces ExxonMobil to close Baytown refining complex

Washington - AFP

US petroleum giant ExxonMobil said Sunday it was temporarily closing its enormous refinery in Baytown, Texas, after flooding caused by monster storm Harvey had led to "operational issues." "We are in the process of a safe and systematic shutdown of operations," a company statement said. ExxonMobil said it was "taking all precautions" to ensure workers' safety and minimize the impactRead more

ExxonMobil misled public on climate for decades

Paris - Muslimchronicle

US oil giant ExxonMobil knowingly misled the public for decades about the danger climate change poses to a warming world and the company's long-term viability, according to a peer-reviewed study released Wednesday. An analysis of nearly 200 documents spanning decades found that four-fifths of scientific studies and internal memos acknowledged global warming is real and caused by humans. At theRead more

Al Gore: I've given up on climate 'catastrophe' Trump

Washington - Muslimchronicle

A decade after his documentary “An Inconvenient Truth” sent shockwaves around the world with its dire warnings of environmental disaster, Gore is sounding the alarm on climate change again. “An Inconvenient Sequel: Truth to Power,” released by Paramount on Friday, had its world premiere at the Sundance Film Festival a day before the January 20 inauguration. Since then, the newRead more

Higher oil prices boost ExxonMobil, Chevron earnings

New York - AFP

US petroleum giants ExxonMobil and Chevron reported big jumps in second-quarter profits Friday, the latest boost from a recovery in oil prices that still feels shaky to many industry officials. Exxon's profit for the quarter ending June 30 nearly doubled to $3.4 billion, while Chevron nabbed $1.5 billion in earnings, up from a $1.5 billion loss in the year-ago period.Read more

US fines Exxon $2 mn over sanctions violations

Washington - AFP

The United States on Thursday hit oil giant ExxonMobil with a $2 million fine for violating Ukraine-related sanctions at a time when Secretary of State Rex Tillerson was still in charge of the company. The Treasury Department said Exxon had business dealings with Igor Sechin, president of the Russian state energy company Rosneft and a former adviser to Russian PresidentRead more

Envoys wade in to help US waters despite Trump climate snub

Lorton - AFP

President Donald Trump may have torpedoed the Paris climate accord as US diplomats brace for huge cuts to their environmental programs. But on Monday, American officials joined world diplomats wading out into the Potomac estuary to replant seagrass in a telling gesture paired with an unlikely photo opportunity. Embassy staff from 13 countries -- from great power China to tinyRead more

US Treasury will not waive Russia sanctions for oil companies

Washington - AFP

The US Treasury on Friday said it would not waive trade sanctions for US companies seeking to resume oil drilling in Russia, including ExxonMobil. The announcement followed media reports that Exxon had sought a waiver to resume a joint venture with Russia's Rosneft oil company. "In consultation with President Donald J Trump, the Treasury Department will not be issuing waiversRead more