While oil reserves can be a source of income for many nations, it’s the task of companies, sometimes state-owned, to find and develop oil resources. Here are the world’s top five oil companies by Continue reading The world’s five biggest oil companies
Bloomberg reports that ExxonMobil is seeking to buy renewable energy for delivery in Texas.
According to a Continue reading ExxonMobil looks to buy renewable energy
While an oil field never goes entirely dry, it eventually becomes unproductive because the cost of extracting the remaining oil exceeds its market value. While operators have been, and continue to be, remarkably adept at Continue reading Five of last year’s biggest oil and gas discoveries
With a steadily increasing efficiency, wind power (both onshore and offshore) is proving itself to be a cost-efficient source of electricity generation for a Continue reading Top seven countries by wind power capacity
Oil is often described as black gold, an essential commodity that drives economic growth. It’s therefore no surprise that many shrewd operators have amassed vast Continue reading Seven billionaires who made their fortune from oil
Few can argue with the need for a good lubrication programme with quality products, such as those from Mobil stockists. While many people talk about increased reliability, less unscheduled downtime, and greater efficiency, this all Continue reading How to quantify the benefits of a lubrication programme
A new report from insurance company The Swedish Club has revealed that lubrication errors are now the most common, and most expensive, cause of marine main engine damage.
The study covers 8,759 insured vessels over Continue reading New study finds increase in engine lubrication failures
Bloomberg reports sources informed about Saudi Arabia’s output policy as saying that the country is preparing to pump a record-breaking 10.8 million barrels per day (bpd) in July. This would follow the recent OPEC deal where members agreed to relax production caps by a million bpd. At the meeting, Khalid Al-Falih, the Saudi Arabian Energy Minister, said his country would prioritize its customers by doing “whatever is necessary to Continue reading Saudi Arabia planning record oil production
There’s no disputing that shale oil has revolutionised US oil production. It started when producers sought to take advantage of oil prices over $100 by exploiting tight oil formations that would otherwise be uneconomical.
OPEC members at the summit in Vienna have arrived at a deal to increase production by up to a million barrels per day (bpd). Some OPEC members were thought to object to a production increase because they lack the spare capacity to benefit from it.
The OPEC production caps, which came into force in Continue reading OPEC reaches deal to increase oil production