Exxon Mobil CEO and Chairman Rex Tillerson testifies in Washington
Exxon Mobil CEO and Chairman Rex Tillerson testifies before a Senate Finance Committee hearing on rising energy prices and oil and gas tax incentives in Washington on May 12, 2011. UPI/Kevin Dietsch
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Exxon Mobil needs an "unprecedented level" of investments to finance new developments that will add to reserve potential, CEO Rex Tillerson said in New York.
Exxon Mobil is pushing ahead with its drive to develop oil fields in Iraq's Kurdish enclave despite fierce opposition from Iraq's central government in Baghdad.
The escalating dispute between Baghdad and the Kurds over oil and land went up a notch with BP perhaps helping Baghdad in a disputed oil field.
Exxon Mobil announced Friday it signed a declaration with Russian oil company Rosneft for the protection of the Russian arctic during oil and gas operations.
Exxon Mobil has signed an agreement for coal seam gas exploration in Victoria, Australia.
How the international community responds to growing reserves of natural gas will have sweeping economic changes, an executive said from Malaysia.
Exxon Mobil and Russian oil company Rosneft said Russian, Canadian and U.S. oil and natural gas assets are part of strategic agreements.
Exxon Mobil is committed to working in oil fields controlled by the semiautonomous government in northern Iraq, the company's top executive said.
A disclosure program regarding shale natural gas development in Europe will give policymakers confidence about their resource potential, an executive said.
A decision to delay a permit for TransCanada's Keystone XL oil pipeline was based largely on U.S. politics, an energy executive said.
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