December 11, 2015

Darren W. Woods has been elected president of Exxon Mobil Corporation (XOM) and a member of the board of directors, effective Jan. 1, 2016. The election of Woods, who is currently senior vice president of the corporation, was made during a meeting of the ExxonMobil board of directors on Wednesday. With the addition of Woods, the ExxonMobil board is comprised of

Via Reuters U.S.-listed energy giants ConocoPhillips (COP.N) and Chevron Corp (CVX.N) plan to sell their interests in a key oil and gas block in Indonesia and the government has received written requests for the same, an energy ministry official said. Several companies have expressed interest in buying the stakes in the South Natuna Sea Block B, Upstream Oil and Gas

Via Bloomberg Russia is preparing for the possibility that low crude prices are here to stay as competition between oil and other fuels such as natural gas intensifies. The nation, which relies on oil and gas income for about half its government budget, sees no reason for crude to rise above $50 a barrel anytime soon and predicts it will

Via The Wall Street Journal Oil- and gas-producing companies have been sharply critical of the effort, fearing an increase in payments CALGARY, Alberta – The government of Canada’s oil-rich Alberta province on Thursday said it would delay the release of a controversial review of royalty rates paid by oil and gas producers until early next year. Alberta’s left-leaning government had

Via Platts The Western Canadian exploration-and-production industry is well-positioned to weather the current environment of low oil and gas prices, providing that politicians do not impose onerous tax and regulatory burdens on the industry, the CEO of an independent Canadian producer said Thursday. “I’m very positive on the Canadian oil and gas industry,” Andy Mah, president and CEO of Calgary-based