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
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
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 manufacturers’ association EEF has published the results of its quarterly survey, which found UK manufacturing to be in robust condition. The trade body predicts Continue reading Trade body predicts UK manufacturing to outperform wider economy
ExxonMobil, the oil giant that also produces industrial lubricants for Mobil UK stockists, has announced that production has begun at its offshore Hebron field.
The field lies some Continue reading ExxonMobil begins production at Hebron field
The rising costs of accessing the Permian Basin in Texas are leading some oil companies to take a geological backdoor through the Continue reading Data shows ExxonMobil and other majors taking backdoor to Permian
The US Energy Information Administration has released preliminary data that shows the week ending Friday, November 3 setting a Continue reading US weekly oil production hits record high
While advancements in renewable energy are helping to reduce our dependency on fossil fuels, oil and gas are not going anywhere soon. We still need petroleum products to fuel aviation and most of the transport on our roads. We also need crude oil to make materials like plastic and medicines, but extracting crude oil is an inherently messy business that has taken its toll on the environment in the past.
Fortunately, practices have improved over Continue reading How the oil companies behind your Mobil UK distributor are reducing their environmental impact