ExxonMobil has surprised Wall Street by posting higher than expected profits and revenue for the third quarter, despite an overall drop in oil and gas production.
The oil major, which Continue reading ExxonMobil posts surprising quarterly profits
Author: Lisa
ExxonMobil commits $10m to new energy centre
ExxonMobil has announced its intention to commit $10m (£7.75m) over five years to the Singapore Energy Center, a partnership aimed at the advancement of Continue reading ExxonMobil commits $10m to new energy centre
US shale may grow less than expected
The CEO of Schlumberger, the world’s largest oilfield services company, has warned that US shale growth may not meet the current high expectations.
Ryan Zinke, Secretary of Continue reading US shale may grow less than expected
Oil prices lower as IMF downgrades growth forecast
Oil prices dropped sharply following the International Monetary Fund’s (IMF) downgrading of its forecast for global economic growth for both 2018 and Continue reading Oil prices lower as IMF downgrades growth forecast
Russia on track for post-Soviet production record
Reuters reports a source in the energy sector as saying that Russia is on track to set a new monthly production record for its post-Soviet era.
Excluding Continue reading Russia on track for post-Soviet production record
Oil production still rising in Texas
Texas oil production is still rising, according to monthly data from the US Energy Information Administration (EIA).
Despite concerns that Continue reading Oil production still rising in Texas
The world’s five biggest oil companies
While oil reserves can be a source of income for many nations, it’s the task of companies, sometimes state-owned, to find and develop oil resources. Here are the world’s top five oil companies by Continue reading The world’s five biggest oil companies
UK reaches 20GW milestone for wind power
The UK hit a significant milestone in September with the opening of Ørsted’s 659 MW Walney Extension, offshore from Cumbria. The country now has over 20MW of installed wind capacity. This is enough to reduce the Continue reading UK reaches 20GW milestone for wind power
Saudi Arabian oil production down in July
Saudi Arabia, OPEC’s largest oil producer, pumped just 10.3 million barrels per day (bpd) in July according to its own reports Continue reading Saudi Arabian oil production down in July
Top seven countries by wind power capacity
With a steadily increasing efficiency, wind power (both onshore and offshore) is proving itself to be a cost-efficient source of electricity generation for a Continue reading Top seven countries by wind power capacity
