Joint agreement signed to progress carbon capture
03/07/2019 by Richard
Global Thermostat and ExxonMobil have announced the signing of a joint agreement aimed at progressing carbon-capture technology.
US oil production sets new record
30/06/2019 by Mark
According to the latest monthly statistical report from the American Petroleum Institute (API), US oil production reached a new record average of 12.2 million barrels per day
Danske Commodities buys all of Scotland's Hywind power
27/06/2019 by OilStoreAdministrator
In a landmark agreement, Danske Commodities, a Danish energy-trading firm, has committed to buying all the power generated by Scotland’s Hywind offshore wind farm
Wind and solar expected to ramp up substantially by 2050
24/06/2019 by Richard
According to the New Energy Outlook 2019 report from BloombergNEF (BNEF), solar PV, battery, and wind technologies will lead the
US shale oil production set to exceed 8.5 million bpd
21/06/2019 by Mark
Seven major shale formations will be responsible for 8.52 million barrels per day (bpd) of oil production in July, according to
ExxonMobil celebrates new Rotterdam hydrocracker installation
18/06/2019 by OilStoreAdministrator
Representatives from ExxonMobil and various government agencies – including Dutch minister for Economic Affairs and Climate Policy Eric Wiebes, Port of Rotterdam CEO Allard Castelein, and, from the US Embassy, Shawn Crowley – gathered at…
UK could see biggest onshore wind farm so far
15/06/2019 by Richard
CWL Energy has unveiled new plans for what could become the UK’s biggest onshore wind farm. At 560 MW, it
Mobil adds MobilGard M420 to its marine range
12/06/2019 by Mark
ExxonMobil, through its Mobil lubrication brand, has released its new MobilGard M420 oil for medium-speed marine engines. This 20BN oil has
ExxonMobil to double downstream earnings
09/06/2019 by OilStoreAdministrator
ExxonMobil CEO, Darren Woods, has told shareholders that he expects the company’s downstream earning’s potential to more than double between 2017 and 2025 based on 2017 adjusted returns.
Africa to see accelerated wind power uptake
06/06/2019 by Richard
According to the Global Wind Industry Council, the continent of Africa will see its wind power generation capacity double over the coming four years.
Russian oil output falls further on oil contamination
03/06/2019 by Mark
Two unnamed industry sources have told Reuters that Russia’s oil production has continued to fall in the wake of April’s discovery of contaminated oil shipments in the Druzhba pipeline to Europe. Some five million tonnes…
UK wind power could grow tenfold
30/05/2019 by OilStoreAdministrator
According to a new report for the UK Government by the Committee on Climate Change (CCC), UK wind power would need to grow by almost 10 times if the country is to get to a…