Exxon Mobil Corp

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The Texas Supreme Court on Friday said it will again hear arguments in the nearly 15-year legal battle over accusations that Exxon Mobil Corp. loaded abandoned wells with junk, sludge and even explosives to keep other companies from drilling there. A small drilling company that tried to enter the wells near Corpus Christi, and the land owners, accused the world's largest publicly traded oil company of intentionally wrecking the wells. The plaintiffs won at trial in 1999, but the Texas Supreme Court re

That gives me some optimism that they'll agree to reconsider some of the errors of law out there   -William Joseph

 

The Calgary-based oil industry consultant is on a one-man campaign to lift the moratorium on offshore oil drilling on Canada's West Coast. While his message gets a sympathetic ear in in his home town, the centre of Canada's oil industry, his mission is more of an uphill battle in British Columbia. Henry Lyatsky, a Calgary-based oil and mining industry consultant, says the 'silent majority' in B.C. want a moratorium on offshore oil exploration lifted.

the reality is, this really is in the federal hands   -Blair Lekstrom

 

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Not putting all your eggs in one basket is the most basic principle of investing. It also may be the hardest to get right. Investors have long been told by stockbrokers and financial planners that to have a properly diversified stock portfolio, you need shares in only 10 to 40 companies.

but that's just not true.   -Don Chance

 

 

Last week, Kodiak Maritime Museum (KMM) presented Kodiak College with a collection of digitized videos of the public meetings held in Kodiak after the Exxon Valdez oil spill. An external hard drive holds a collection of archived materials from the summer of 1989. This year marks the 20th anniversary of the Exxon Valdez oil spill.  

Exxon Mobil Corp. ended months of negotiations with Nigeria by renewing three oil leases for fields the company operates in the country, an Exxon spokesman said. The three leases -- for sites that produce more than 550,000 barrels a day -- were extended for another 20 years with an option to renew, at a signing ceremony Friday in the capital, Abuja. Neither Exxon nor the Nigerian government provided details about the price paid for renewing the leases.

We're in contact with the Nigerian government about license issues. We're seeking clarity on this matter   -Chevron