Seeking to quell environmental concerns about the chemicals it shoots underground to extract oil and natural gas, Apache Corp. told shareholders in April that it disclosed information about “all the company’s U.S. hydraulic fracturing jobs” on a website last year.
As much as higher education and corporate America would like to be engaged, college presidents are struggling to reconcile the demands and values of academia with shareholder skepticism about their boardroom commitments.
Marathon Oil Corp., the U.S. oil producer that has been expanding exploration from Ethiopia to Texas, picked as its next chief executive officer the Exxon Mobil Corp. engineer who helped oversee the global portfolio of the world’s largest energy company.
Marathon Oil Corp. ended talks to sell part of its stake in the Athabasca Oil Sands Project as Canadian oil sands deals languish in the face of low heavy crude prices and competing U.S. shale investments.
Energy companies are scrambling to cope with the extension of a deep-water drilling ban, a situation many never foresaw before BP Plc ’s oil well began spewing crude into the Gulf of Mexico last month.