Exxon-Mobil merger wins approval in EU, awaits US decision
Exxon Corp. Chairman Lee Raymond, left, and Mobil Corp. Chairman Lucio Noto testified last spring at a US House of Representatives hearing about their planned merger.
Consumer groups voice opposition to Exxon-Mobil merger
Although the merger of Exxon Corp. and Mobil Corp. is widely expected to clear the final hurdle of US Federal Trade Commission approval at any time, not all observers view the transaction as beneficial.
OPEC compliance slip triggers price slide
After months of rising oil prices, a sudden fall in early October took the industry by surprise, but behind the slide was a rise in production both inside and outside of the Organization of Petroleum Exporting Countries.
Watching the World
A 122,000 cu m cargo of LNG being transported to France from Nigeria represents a major milestone, given the troubled history of Nigeria's petroleum industry (see story, p. 30).
Oil-prospective Spratlys still a flashpoint
The South China Sea's Spratly Islands continue to be a potential flash point as China persists in following a long-term strategy of gradually extending its control over the entire South China Sea.
Repsol-YPF SA disclosed a large oil and gas find on Caipipendi Block in southern Bolivia.