- Joe Barone, Shale Directories
- Blog
- December 10, 2019
New York’s Loss Against Exxon Casts a Shadow on Related Cases Filed in Massachusetts, Elsewhere
After four years, three different legal theories, four million documents, hundreds of hours of depositions, 11 embarrassing days of trial for the New York Attorney General (NYAG) and a month long wait, the verdict is in: ExxonMobil did not deceive or mislead investors over climate change impacts.- Joe Barone, Shale Directories
- Blog
- December 6, 2019
Shady Climate Group ‘Releases’ Industry Documents That Were Already Publicly Available
Kert Davies’ Climate Investigations Center (CIC) is at it again, trying to create a scandal by releasing cherry-picked documents from Imperial Oil’s publicly available archive, even as CIC was slammed by a non-profit group Thursday for “using dishonest and potentially unlawful business practices and wasting tax dollars to engage in its investigations.” Anti-energy activists have spent years trying (unsuccessfully) to prove #ExxonKnew.- Joe Barone, Shale Directories
- Blog
- December 4, 2019
ExxonMobil Moves Massachusetts AG’s “Political” Lawsuit to Federal Court
Citing the transparent political motives and national focus of Massachusetts Attorney General (MAAG) Maura Healey’s lawsuit, lawyers for ExxonMobil have moved the MAAG’s case to federal court, according to a filing from last week.- Joe Barone, Shale Directories
- Blog
- November 22, 2019
XOM raises assets sales with $25 billion plan: sources
ExxonMobil (XOM) is enlarging its biggest asset sale in decades, with plans to divest up to $25 billion of gas and oilfields in Europe, Asia and Africa, banking sources told Reuters.- Joe Barone, Shale Directories
- Blog
- November 20, 2019
ExxonMobil Lambasts Massachusetts, New York Attorneys General for “Unconstitutional Conduct”
Recent developments in the New York Attorney General’s (NYAG) lawsuit against ExxonMobil provide “further evidence of the coordinated, ongoing assault on ExxonMobil’s First Amendment rights,” by the NYAG and Massachusetts Attorney General (MAAG) Maura Healey, a letter filed by the company last Friday states.- Joe Barone, Shale Directories
- Blog
- November 13, 2019
Elizabeth Warren’s Plan to Toss Out the First Amendment to Eliminate Oil and Gas
Throughout her campaign, Democratic presidential candidate Elizabeth Warren has made dismantling the oil and natural gas sector a hallmark of her policy agenda.- Joe Barone, Shale Directories
- Blog
- November 11, 2019
Aramco will offer less than 1% of shares to individuals
Saudi Aramco will sell up to 0.5% of its shares to individual investors in what could be the largest initial public offering in history, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 8, 2019
Exxon Attorney Calls New York’s Lawsuit a ‘Cruel Joke’ in Defiant Closing Statement
ExxonMobil attorney Ted Wells unleashed a brutal takedown of the New York Attorney General’s case in his closing arguments Thursday, criticizing the State’s inept performance and highlighting their inability to prove any of the allegations leveled against the company.- Joe Barone, Shale Directories
- Blog
- November 7, 2019
XOM, FuelCell expand carbonate fuel cell pact
ExxonMobil (XOM) and FuelCell Energy said Wednesday they’ve signed a new, two-year, expanded joint-development agreement to further enhance carbonate fuel cell technology, Kallanish Energy reports.XOM says banning fracking will aid foreign producers
Banning hydraulic fracturing in the U.S. will aid foreign oil producers at the expense of the American economy, an ExxonMobil (XOM) executive said Friday.- Joe Barone, Shale Directories
- Blog
- November 1, 2019
XOM didn’t deceive investors on climate change: Tillerson
ExxonMobil’s leadership tried to understand how new climate regulations would impact the supermajor’s bottom line, former CEO and ex-Secretary of State Rex Tillerson told a court Wednesday, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 28, 2019
Trump wants deal with XOM, or others to tap Syrian oil
President Trump said Sunday he’s interested in making a deal with ExxonMobil or another producer to tap Syrian oil reserves, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 16, 2019
ExxonMobil Planning to Build A Second Cracker Plant in Pennsylvania?
Jim Willis Editor & Publisher, Marcellus Drilling News (MDN) ExxonMobil is looking to do a cracker in Western Pennsylvania or environs and it could be in the same vicinity as Shell’s.- Joe Barone, Shale Directories
- Blog
- October 15, 2019
Oil replacement rate hits 20-year low
Oil and natural gas companies have discovered 7.7 billion barrels of oil-equivalent (Bboe) year-to-date, according to Rystad Energy’s latest global discoveries report, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- September 6, 2019
Xom to sell Norway assets for $4B
U.S. giant ExxonMobil has agreed to the sale of its oil and gas assets in Norway for $4 billion, Reuters reported Thursday, citing three sources familiar with the matter.- Joe Barone, Shale Directories
- Blog
- August 9, 2019
NY AG Attempts to Block ExxonMobil Document Discovery Ahead of Trial
As the October 23rd trial date approaches in the New York Attorney General’s (NY AG) lawsuit accusing ExxonMobil of misleading its investors on the risks that climate change poses to its business, the AG’s office is hard at work trying to prevent the company from obtaining discovery documents that could be crucial to its defense.- Joe Barone, Shale Directories
- Blog
- August 9, 2019
Xom hires Jefferies to accelerate North Sea asset sales
U.S. oil supermajor ExxonMobil (Xom) has hired investment bank Jefferies to sell the stakes it holds in gas and oilfields off the Norwegian coast, which could fetch up to $4 billion, sources told Reuters.California governor fires state’s top oil regulator
California Gov. Gavin Newsom Thursday ordered his secretary of Natural Resources to fire Ken Harris, the state’s top oil regulator, after learning from media reports and watchdog groups fracking permits have doubled without his knowledge since he took office, and seven supervisors regulating the industry own shares in major oil companies.- Joe Barone, Shale Directories
- Blog
- July 9, 2019
Midstreamer Lucid Energy inks pact with XTO
Lucid Energy Group Tuesday announced the company has executed a new, long-term natural gas gathering and processing agreement with ExxonMobil unit XTO Energy, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 28, 2019
W&T Offshore acquiring Xom assets in GoM for $200M
W&T Offshore said Thursday it’s acquiring ExxonMobil’s interests in and operatorship of oil- and gas-producing properties in the eastern region of the Gulf of Mexico, offshore Alabama, and related onshore processing facilities for $200 million, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 14, 2019
Judge in Exxon Case to NY AG: Stop Stalling
New York Attorney General Letitia “Tish” James’s case Martin Act case against ExxonMobil is still in pre-trial hearings, but Justice Barry Ostrager is already losing patience.- Joe Barone, Shale Directories
- Blog
- June 13, 2019
Climate Activists Attack Oil Company for Supporting Seatbelts and Wildlife Conservation
Climate activists Naomi Oreskes and Geoffrey Supran took to Twitter Wednesday, posting links to a new cache of Mobil documents that they hoped would help expand their #ExxonKnew campaign to include #MobilKnew.- Joe Barone, Shale Directories
- Blog
- June 12, 2019
ExxonMobil to proceed with oil development in Argentina
ExxonMobil said Tuesday it will develop an onshore oil project in Argentina that could produce up to 55,000 barrels of oil-equivalent per day (Boe/d) within five years, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 22, 2019
Pakistan ends failed drilling in the Arabian Sea
Pakistan and its partners have ended offshore drilling after no usable oil or natural gas was found in the Arabian Sea, Kallanish Energy reports The announcement came Sunday from the Pakistan ministry of petroleum and was seen as a major setback for the country, the Associated Press reported.- Joe Barone, Shale Directories
- Blog
- May 8, 2019
Iraq planning $53B megaproject with Xom, PetroChina
Iraq is planning a $53 billion megaproject with global energy giants ExxonMobil and PetroChina to use seawater from the Persian Gulf to boost oil production, Iraqi prime minister Adel Abdul-Mahdi announced Tuesday, Kallanish Energy finds.- Joe Barone, Shale Directories
- Blog
- April 25, 2019
Shell in talks to buy BP stake in North Sea gas field: sources
Royal Dutch Shell is in talks to buy BP’s stake in the Shearwater oil and gas field in the British North Sea for roughly $250 million, three industry sources told Reuters.- Joe Barone, Shale Directories
- Blog
- April 25, 2019
Oxy trumps Chevron’s Anadarko bid, could ignite bidding war
Occidental Petroleum, which has been in informal discussions with Anadarko Petroleum for nearly two years, Wednesday publicly bid $76 a share for the independent producer, topping by 17% an offer by Chevron made roughly two weeks ago.- Joe Barone, Shale Directories
- Blog
- April 5, 2019
Citing differences, Shell walks away from U.S. refining lobby
Royal Dutch Shell Plc this week said it was leaving a U.S. refining lobbying organization in 2020 because the oil supermajor disagrees with the firm’s climate policy, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- April 3, 2019
Xom weighs sale of Nigerian O&G fields for up to $3B
ExxonMobil has held talks on the sale of a number of oil and gas fields in Nigeria, as the company focuses on developments in the U.S.’s Permian Basin and Guyana, industry and banking sources told Reuters.- Joe Barone, Shale Directories
- Blog
- March 12, 2019
In Defiance of Judge’s Ruling in Climate Case, New York Attorney General Refuses to Comply with Discovery Requests
The New York Attorney General’s Office (OAG) is refusing to comply with ExxonMobil’s discovery requests even after the New York Supreme Court ruled the company could proceed with discovery related to the AG’s investigation of its climate change disclosures.- Joe Barone, Shale Directories
- Blog
- February 19, 2019
Air Products Wins pact for Golden Pass LNG project
Air Products announced Monday the company’s proprietary LNG technology, equipment, and related process license was sold to Golden Pass Products LLC.- Joe Barone, Shale Directories
- Blog
- February 2, 2019
ExxonMobil ramping up Permian production
ExxonMobil is ramping up its Permian Basin production in West Texas and New Mexico, Kallanish Energy reports. It also reported last week its Q4 2018 liquids production was up 4% from one year earlier, driven by Permian production.- Joe Barone, Shale Directories
- Blog
- February 2, 2019
Xom, Qatar Petro expected to move $10B project ahead
ExxonMobil (Xom) and Qatar Petroleum are expected to announce, perhaps as early as this week, they will proceed with a $10 billion liquefied natural gas export facility in Texas.- Joe Barone, Shale Directories
- Blog
- February 1, 2019