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Major oil companies successfully defend against consumer accusations of collusion with Trump, Russia, and Saudi Arabia. 9th Circuit Court cites political nature and lack of evidence in dismissing price-fixing claims.
Exxon's CEO cautions activist shareholders about climate-related proposals, defending the company's legal actions. He emphasizes balancing emissions concerns with global energy needs and suggests a carbon accounting system.
Tropical Storm Francine intensifies, prompting evacuations in Louisiana and shutdowns in Gulf of Mexico energy production. The storm poses a significant test for LNG export facilities in the region.
Alberta Energy Regulator penalizes Imperial Oil C$50,000 for toxic tailings leak at Kearl oil sands mine. Company must submit reports on seepage mitigation and potential impacts of industrial wastewater release.
Autry Stephens, billionaire founder of Endeavor Energy Resources, passed away at 86 after a cancer battle. Known for his work ethic, he recently agreed to sell his company for $26 billion.
As US shale drilling activity peaks, oil-field contractors look overseas for growth. Helmerich & Payne's $1.97 billion acquisition signals a shift towards international markets, particularly the Middle East.