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Chevron tells executives to leave Venezuela after arrests

Following the arrests of two of its workers over a contractual dispute, Reuters reports sources saying that Chevron has evacuated its executives from Venezuela. Other workers have also been instructed to stay away from its facilities, which it operates as a joint venture with PDVSA, Venezuela’s state-owned oil company.

Since Venezuela’s government launched an anti-corruption purge last autumn, more than 80 PDVSA executives and other business partners have been accused of corruption. The arrests at Chevron were the first to involve a foreign oil company, however. The arrested workers reportedly Continue reading Chevron tells executives to leave Venezuela after arrests

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ExxonMobil demonstrates Mobilgrease 33 at MRO Americas 2018

A new video has been published showing a demonstration by ExxonMobil, the oil major that makes lubricants for Mobil UK stockists, from the exhibition floor of MRO Americas 2018, a leading event for the aviation maintenance industry.

In the demonstration, Gary K. Dudley, who is a global grease product technical advisor for ExxonMobil, begins by saying: Continue reading ExxonMobil demonstrates Mobilgrease 33 at MRO Americas 2018

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World’s most powerful wind turbine completed off Scottish coast

In a new first for Scottish wind power, the world’s most powerful wind turbine has been successfully set up off the coast of Aberdeen. The developers, Vattenfall, claim that a single rotation of the 8.8 megawatt turbine generates enough electricity to power an average home for a day.

The larger project, which is named Continue reading World’s most powerful wind turbine completed off Scottish coast

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Russian oil production hits 11-month high in March

Russia’s oil production increased slightly in March for the first time since April last year. It reached an average of 10.97 million barrels per day (bpd), a little above its agreed limit of 10.947 million bpd as part of the OPEC-led production cuts.

Despite the rise, Russia’s energy minister, Alexander Novak, reaffirmed in a statement the country’s commitment to Continue reading Russian oil production hits 11-month high in March