Exxon Mobil News
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As growth in its core catering business slows, Sodexo is helping oil rig workers stay fit and convicts get in touch with their inner artist as it seeks a bigger share of life outside the kitchen.
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U.S. Midwest gasoline weakened from the highest level on record on speculation that shipments being sent to the region will help to relieve a shortage.
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Physicist Ernest Moniz won Senate confirmation to lead the Energy Department and help direct clean-energy investments while deciding how much of the U.S.’s natural gas bounty should be exported.
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Borealis AG, the petrochemical and plastics company owned by Abu Dhabi and OMV AG of Austria, may consider bringing in cheap ethane from the U.S. if it’s a cost- effective way of supplying petrochemical plants.
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Workers in Angola are completing construction of the strongest crane in Africa that will be used at offshore projects for Chevron Corp., Total SA, and SBM Offshore NV.
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Royal Dutch Shell Plc will start producing crude at Iraq’s Majnoon oil field as early as next month and plans to increase energy investments in Saudi Arabia, its regional vice president said.
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Royal Dutch Shell Plc may export U.S. natural gas in liquid form, convert it into chemicals or build a gas-to-liquids plant to produce fuel, said the company’s country chairman for Dubai and the northern emirates.
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Warren Buffett’s Berkshire Hathaway Inc. took a stake in Chicago Bridge & Iron Co. in a bet that the construction company will benefit from infrastructure spending as customers liquefy natural gas and use it as a feedstock.
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Restrictions on Exxon Mobil Corp.’s Pegasus crude oil pipeline, shut since March 29 after a spill, remain in place after the company requested changes in a hearing held on May 2, according to a filing from federal regulators.
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Exxon Mobil Corp., the world’s most valuable oil producer, teamed up with billionaire Eike Batista to search in Brazilian waters as the country raised a record amount in its first oil bidding round in five years.
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