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Category: Exxon

Exxon CEO Talks Arctic Oil Drilling, Risks, Lessons

April 06, 2015 Posted by Chris Wysong

The Associated Press talked with Exxon CEO Rex Tillerson about future U.S. oil and gas exploration in the Arctic. Exxon CEO Talks Arctic Oil Drilling, Risks, Lessons By: Jonathan Fahey (AP) WASHINGTON (AP) The Arctic is the next great frontier for oil and gas and one of the most environmentally fragile places on earth. An Energy Department advisory council study adopted last week said the U.S. should start exploring for oil and gas in the Arctic soon in order to feed future demand, and that the industry is ready to safely exploit the Arctics huge reserves, despite recent mishaps. In an exclusive interview with the Associated Press, ExxonMobil CEO Rex Tillerson, who led the committee that produced the report, talked about why he thinks Arctic exploration is worth the risk. Exxon has decades of experience working in that part of the world, including successful projects in Russia but also a catastrophic oil spill in Alaskas Prince William Sound when the Exxon Valdez oil tanker ran

Posted in Oil, Gas, Exxon, Exploration

Exxon Looks to U.S. Shale Fields to Drive Global Growth

March 11, 2015 Posted by Chris Wysong

Exxon Mobil CEO Rex Tillerson has expressed his confidence in North American shales resilience, and the company has announced plans to double the amount of oil it plans to pump from U.S. shale fields over the next three years. Exxon Looks to U.S. Shale Fields to Drive Global Growth By: Joe Carroll (Bloomberg) (Bloomberg) -- In a world of $55 a barrel oil, Exxon Mobil Corp. is relying on shale fields in Texas, Oklahoma and North Dakota to help fund the next wave of big overseas projects it needs to thrive in the future. Exxon unveiled plans Wednesday to double the amount of oil it pumps from U.S. shale fields during the next three years, even as it moves more cautiously on investments in big projects elsewhere. Decades after quitting many U.S. fields to pursue bigger reserves from the Middle East to the North Sea, Exxon now sees its U.S. assets as its most reliable cash engines. With its leading technology, expertise and market clout, the biggest U.S. oil producer has been able to

Posted in Exxon, Oil, Shale
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