Quoting sources privy to the data, Reuters reports that Russia was already pumping up to 11.193 million bpd (barrels per day) in the first days of July. Continue reading Russia already increasing oil production
ExxonMobil is set to begin new exploration in the Gippsland Basin off the south-east coast of Australia, where together with its venture partner BHP, the company has extracted more than 8 trillion cubic feet of gas and 4 billion barrels of oil. The two companies drilled their first exploratory well in the province back in 1965.
The Gippsland Basin has been one of the country’s most prolific Continue reading ExxonMobil set to return to site of Australia’s first offshore well
It has already been predicted that the US will soon become the world’s top oil producer, but the country is also the world’s largest consumer of oil. This situation has meant it has generally been a big net importer of crude oil and refined oil products, especially after US oil production began Continue reading US set to become world’s top oil exporter
The manufacturers’ association EEF has published the results of its quarterly survey, which found UK manufacturing to be in robust condition. The trade body predicts Continue reading Trade body predicts UK manufacturing to outperform wider economy
Hydrogen fuel cells may be more associated with powering automobiles, but Daimler has announced—in association with HPE, the National Renewable Energy Laboratory, and Continue reading Daimler and HPE look to hydrogen fuel cells for data centres
ExxonMobil has launched its new Pegasus 1100 series of oils to keep pace with recent developments in gas engines.
This next-generation series was Continue reading ExxonMobil introduces a new series of gas engine oils
The Secretary General of OPEC has stated it is too early to decide as and when any production cuts should apply to Libya and Nigeria. Both these countries have Continue reading Nigeria and Libya will not face production caps yet
India believes that its country’s love of frying could enable it to produce around two million tons of Continue reading India’s fondness for fried foods could cut oil imports
ExxonMobil, the makers of a range of oil-based products, including Mobil DTE Heavy Medium, has announced that it is planning to expand the hydrocracker unit at its Rotterdam refinery, so that it can Continue reading ExxonMobil set to expand Rotterdam Hydrocracker
The major lubricant manufacturer Fuchs Petrolub has confirmed that it will be making a number of changes at Continue reading Significant board changes at Fuchs Lubricants