GE announces world’s largest wind turbine
12/03/2018 by OilStoreAdministrator
Electricity giant GE has announced plans for its new offshore wind turbine, which promises to be the world’s largest and
US monthly crude production hits new all-time high
09/03/2018 by Mark
Revised data from the US Energy Information Administration (EIA) has revealed that the US set a new record for monthly crude production in
BP predicts demand for oil to peak in late 2030s
06/03/2018 by OilStoreAdministrator
In its well-respected annual energy outlook, oil major BP has said demand for oil will peak in the late 2030s, with the turnaround being driven by a revolution in electric vehicles
Saudi Arabia hopes production curbs to relax in 2019
03/03/2018 by Richard
Khalid al-Falih, the oil minister for Saudi Arabia, has commented that he hopes to see OPEC production curbs relaxed in 2019 after the current deal expires, although he stressed the need for a more permanent…
Hywind floating windfarm exceeds expectations
01/03/2018 by Mark
The Hywind floating windfarm off the coast of Peterhead in Aberdeenshire was the first of its kind when it began production in October 2017, but new data from Norwegian
ExxonMobil announces increased oil and gas reserves
27/02/2018 by Mark
Oil giant ExxonMobil has announced that it boosted its oil and gas reserves by 2.7 billion BOE (barrels of oil equivalent) in 2017. Its total reserves now stand
Which Mobil DTE oil do you need?
26/02/2018 by Mark
Circulating and hydraulic oils Different series within the Mobil DTE range are
IEA warns that US shale producers may ruin OPEC’s plans
24/02/2018 by Mark
The Paris-based International Energy Agency (IEA) has warned in its latest monthly report that US shale producers may thwart OPEC’s goal of
Venezuela’s oil output drops dramatically as it imports Russian crude
21/02/2018 by Richard
A recent report published by OPEC discloses that Venezuela pumped 1.6 million barrels per day (bpd) in January, 20% less than the
Libya’s oil production tops a million barrels a day
18/02/2018 by Mark
For the first since July 2013, Libya’s oil production has averaged over a million bpd (barrels per day) over a full month. The
WindEurope stats reveal UK built over half of all European offshore wind power in 2017
15/02/2018 by Mark
New stats from industry body WindEurope show that the UK accounted for 1.7 GW of new offshore wind power capacity, which is 53% of the
ExxonMobil publishes business report into climate change
12/02/2018 by Mark
In response to a shareholder resolution at its 2017 annual general meeting, ExxonMobil has published a report detailing how it