oil company News

ExxonMobil Appeals Ruling by Guyanese Court in Oil Spill Insurance Coverage

GEORGETOWN, Guyana (AP) – American oil giant ExxonMobil said Friday it had appealed a recent Guyanese court ruling requiring it to obtain insurance for “unlimited liability” in the event of a major oil spill off the coast of Guyana. The …

Mississippi Women Say Gas Fumes Harmed Children

Attorneys for Texaco Inc. argued Monday that no evidence showed the oil company was responsible for ailments of children born to five women who claimed they were exposed to leaded gasoline fumes. Texaco, now part of Chevron, asked the Mississippi …

Bulgaria Bans Chevron From Using ‘Fracking’

Bowing to public pressure, Bulgaria’s government said U.S. oil company Chevron cannot explore for shale gas in the country using the extraction technique known as “fracking.” Energy Minister Traicho Traikov said that under Tuesday’s decision “Chevron can still have the …