Jabar al-Luaibi, Iraq’s Oil Minister, has announced that the country’s production capacity is nearing five million bpd (barrels per day), but he also stated that Iraq would stand by its commitments as an OPEC member to the global production cuts. Iraq’s current output is Continue reading Iraq’s oil production capacity approaches five million bpd
In its first short-term forecast for 2019, the US Energy Information Administration painted a picture of US oil output averaging 10.85 million barrels per day (bpd) over the year, with daily output hitting the Continue reading EIA expects US oil output to reach 11 million bpd before 2020
Denmark set a new record for wind power in 2017 by sourcing 43.6% of its total electricity needs from wind energy, edging out the previous 2015 record of 42%.
Over the course of Continue reading Denmark achieves wind power record
A futuristic wind power hub is set to begin operations on Dogger Bank, which lies some 78 miles east of the East Yorkshire coast, within a decade.
The project’s backer, the Continue reading North Sea windfarm island set to open in 2027
Oil production in the prolific Permian Basin hit a new record of 815m barrels in 2017 according to recent research from IHS Markit, a Continue reading Permian oil production reaches fresh high
Oil prices began the New Year at their highest level since 2014 against the background of anti-government protests in Iran, which Continue reading Oil prices start 2018 with strong opening
While presenting Rosneft’s strategy through to 2022, the company’s first vice president, Pavel Fedorov, indicated that he accepts the possibility that Continue reading Rosneft sees possibility of output cuts beyond 2018
Libyan oil production was hit on Tuesday December 26 as a section of a pipeline exploded 81 miles south of Sidra. Continue reading Libya’s oil production set back by pipeline explosion
The US Department of Energy’s most recent forecast predicts that US shale oil producers will kick off 2018 with strong output growth Continue reading US shale drillers set for production increase in January
The Dutch Government has begun accepting bids to create 700 MW of offshore wind power capacity. The new tender is unique in Continue reading Zero-subsidy wind power auction begins in Netherlands