WorldOil Exxon says output growth on track even as crude price drops Exxon Mobil Corp. is sticking to production targets established when oil traded for more than $100/bbl, signaling confidence that demand for crude-based fuels will continue to expand. Republicans fail to override Obama veto of Keystone XL measure The U.S. Senate failed to override President Barack Obama’s veto of a bill forcing approval of the Keystone XL pipeline, a setback for Republicans who’ve made building the $8 billion U.S.-Canada oil link a legislative priority. Exxon cuts 2015 spending 12% to $34 billion Exxon Mobil Corp. anticipates capital spending of about $34 billion in 2015—12% less than in 2014—as it continues to bring major projects online, the company reported Wednesday. Norway’s PSA to investigate accident on Transocean Barents Petroleum Safety Authority Norway (PSA) has launched an investigation into an incident on Transocean Barents when a roughneck suffered crush injuries.. Saudi Arabia to keep pumping as much oil as customers want Saudi Arabia, the world’s biggest crude exporter, pledged to supply as much oil as its customers need as recovering demand helps rebalance the global market. Circle Oil abandons Oman well following drilling difficulties Circle Oil is to plug and abandon the Shisr-1 well, in Oman’s Block 49, following drilling difficulties. Lundin spuds wildcat on Morkel prospect in northern North Sea Lundin Petroleum, through its wholly owned subsidiary Lundin Norway, has commenced drilling of exploration well 33/2-2S in PL579. Polarcus wins 3D survey offshore Egypt DUBAI -- Polarcus has received an award from an undisclosed client for a 3D marine seismic project offshore Egypt utilizing Polarcus' RightBAND technique for broadband data acquisition. Aqualis Offshore wins Brazilian FPSO contract OSLO, Norway -- Aqualis Offshore, part of Oslo-listed Aqualis ASA, has won an important contract for an FPSO project in Brazil. Wintershall takes over Vega operatorship from Statoil Wintershall has taken over the operatorship of the subsea oil and gas field Vega from Statoil. Oil holds above $50 as Saudis signal demand before supplies data Oil held above $50/bbl as investors weighed Saudi Arabia’s signal that demand is improving against data forecast to show U.S. inventories expanded from a record.