Russia set to raise output in 2018 if no pact extension

Russian Energy Minister Alexander Novak has said that should the deal between OPEC and its non-OPEC partners not be extended, it expects to increase oil production by 3.5 to 4 million tonnes (more…)

How can your Mobil stockist help prevent equipment failure?

More and more engineers are recognising the problem of lubrication-related equipment failures, yet many managers still underestimate the importance of adequate lubrication. You can of course take steps to improve your lubrication practices, such as by consulting your Mobil stockist to check you are using the most suitable lubricants for your equipment. You may even be able to consolidate some lubricants to simplify the process. You can also establish good practices like a dedicated lube room with suitable equipment for your highly trained lube technicians.

Despite all this, though, any oil will eventually (more…)

Industry players believe US shale production yet to peak

A number of delegates at London’s Oil & Money conference have expressed the opinion that the US shale production rebound has not peaked yet, and high production levels will continue for years to come.

Most opinions are (more…)

World’s first floating windfarm now online

The Hywind project has recently come online off the coast of Aberdeenshire, potentially providing sufficient power for over 20,000 properties. (more…)

Microsoft strikes deal with GE to buy windfarm power

In a deal with General Electric (GE), Microsoft has committed itself to buying all the power from the new Tullahennel windfarm, which is currently being built in County Kerry, Ireland.

The electricity will be (more…)

Spectro Scientific announces new software and companion kits

Version 11 of the software for the MicroLab oil analysis system has been announced by Spectro Scientific, in addition to the release of some new companion kits.

The new software features an (more…)

US rig count falling but production still rising

In a sign that the US shale boom may be running out of steam, the US rig count dropped by four in the week ending October 6.

There are now 936 oil and (more…)

Shell seeks new investors for billion-pound windfarms

The Independent reports unnamed sources as saying that Shell and its partners, Mitsubishi and Dutch energy company Eneco, are seeking to (more…)

Libyan oil production set to rise

Bloomberg reports an unidentified source as saying that oil production is set to recover in Libya as its Sharara field restarts. Production was (more…)

Renewables generate almost a third of UK electricity

A government statement has revealed that renewable energy has reached a new record by generating 29.8% of the UK’s total electricity in the (more…)

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