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
Race bank windfarm reaches full power
09/02/2018 by Mark
Windfarm operator Ørsted, which was formerly known as Dong Energy, has announced that its Race Bank windfarm is now ready to generate up to its full capacity of 573 MW. All 91 of the Siemens…
US production passes 10 million bpd threshold
06/02/2018 by Mark
New data from the US government shows that the US produced 10.038 million bpd (barrels per day) in November last year, exceeding the symbolic 10 million threshold for the first time since 1970. Much of…
Saudi oil minister dismisses US shale concerns
03/02/2018 by Richard
Speaking in Davos at the World Economic Forum, Saudi Energy Minister Khalid Al-Falih hit back at claims that increasing US shale production will