Quoting sources privy to the data, Reuters reports that Russia was already pumping up to 11.193 million bpd (barrels per day) in the first days of July. Continue reading Russia already increasing oil production
There’s no disputing that shale oil has revolutionised US oil production. It started when producers sought to take advantage of oil prices over $100 by exploiting tight oil formations that would otherwise be uneconomical.
Oil giant BP has published its annual Statistical World Energy Review for this year, and revealed that 17% of global energy growth came from renewable sources.
This year’s increase is the largest ever for renewables. Equivalent to about 69 million tonnes of oil, it would be enough to meet the energy demands of both Denmark and Sweden combined.
While wind power has been growing rapidly in the UK—driven by better economies of Continue reading BP’s annual energy review shows big jump for renewables
ExxonMobil, the oil major behind Mobil-branded lubricants, has a broad research portfolio when it comes to biofuels. It believes some fundamental breakthroughs in Continue reading How ExxonMobil is using algae to produce oil
Despite your best efforts, and your choice of high quality lubricants from Mobil UK stockists, it’s not unheard of for components to fail, usually for one Continue reading How debris analysis can help prevent equipment failure
Researchers at the University of Turku in Finland have announced that they have found a new efficient way to use algae to make biofuel. In the new method, the algae uses solar energy to split water into its constituent elements.
According to the researchers, the green algae uses collected solar energy from photosynthesis to convert water into Continue reading Researchers announce new method for making biofuel
German energy company Uniper has launched a new pilot scheme to make use of wind power by converting it into methane gas.
Wind power across Europe is growing rapidly, and the industry continues to make advancements in production, efficiency, and lubrication, such as from the advanced wind-power lubricants available through Continue reading Germans trial converting wind power into gas
ExxonMobil is looking for a quick return on its investment in the tiny South American country of Guyana amid claims from the IMF that its contract was “favourable” to the oil giant.
ExxonMobil, which in addition to being a major upstream oil producer also makes industrial lubricants like Mobil DTE 25, discovered deep-water oil in Continue reading ExxonMobil looks for quick output from Guyana
Following the arrests of two of its workers over a contractual dispute, Reuters reports sources saying that Chevron has evacuated its executives from Venezuela. Other workers have also been instructed to stay away from its facilities, which it operates as a joint venture with PDVSA, Venezuela’s state-owned oil company.
Since Venezuela’s government launched an anti-corruption purge last autumn, more than 80 PDVSA executives and other business partners have been accused of corruption. The arrests at Chevron were the first to involve a foreign oil company, however. The arrested workers reportedly Continue reading Chevron tells executives to leave Venezuela after arrests
When you order a high-performance hydraulic lubricant like Mobil DTE 25, you can be sure you’re doing the best for your machinery, but no lubricant lasts forever, especially when Continue reading Using bypass filtration to extend machine life