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NJ Gov. Christie's office drove favorable Exxon settlement-NYT
2015-03-05 12:30:11| Oil & Gas - Topix.net
New Jersey's long legal battle to recover $8.9 billion from Exxon Mobil Corp for environmental damage ended when Governor Chris Christie's chief counsel, Christopher Porrino, cut a deal to settle for $250 million, the New York Times reported, citing two people familiar with the negotiation. The Times reported last week that the settlement, which has not been made public, had been reached after 11 years of legal battle over New Jersey's claim for damages from Exxon Mobil for the contamination of more than 1,500 acres of wetlands and waters.
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Exxon Mobil plans to start up 16 oil and natural gas projects by 2017
2015-03-05 01:00:00| Hydrocarbons Technology
Exxon Mobil is planning to start up 16 oil and natural gas projects and increase daily production to 4.3 million oil-equivalent barrels by 2017.
Exxon CEO: Get used to lower oil prices
2015-03-04 20:01:50| Oil & Gas - Topix.net
Exxon Mobil CEO Rex Tillerson expects the price of oil to remain low over the next two years because of ample global supplies and relatively weak economic growth. "People kinda need to settle in for a while," Tillerson said at the company's annual investor conference in New York.
Exxon CEO: Get used to lower oil prices
2015-03-04 20:01:49| Oil & Gas - Topix.net
Exxon Mobil CEO Rex Tillerson expects the price of oil to remain low over the next two years because of ample global supplies and relatively weak economic growth. Speaking at the company's annual investor meeting in New York, Tillerson cautioned that geopolitical turmoil could unexpectedly send prices higher.
Exxon Mobil sees oil prices staying low for couple of years
2015-03-04 18:58:10| Energy - Topix.net
Exxon Mobil CEO Rex Tillerson expects the price of oil to remain low over the next two years because of ample global supplies and relatively weak economic growth. Speaking at the company's annual investor meeting in New York, Tillerson cautioned that geopolitical turmoil could unexpectedly send prices higher.
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