In a new first for Scottish wind power, the world’s most powerful wind turbine has been successfully set up off the coast of Aberdeen. The developers, Vattenfall, claim that a single rotation of the 8.8 megawatt turbine generates enough electricity to power an average home for a day.
The larger project, which is named Continue reading World’s most powerful wind turbine completed off Scottish coast
The Iraqi government in Baghdad has given the green light to a plan to boost its oil capacity.
By 2022, the Continue reading Iraq set for large capacity boost
Recently published government figures reveal that wind power met 14.7% of the country’s total demand in 2017, setting a new record.
It was also a good year for renewables in general, with renewable sources—including bioenergy, hydro, solar, and offshore and onshore wind—meeting almost Continue reading UK wind power sees another record high
In a commentary for CNBC, the CEO of the American multinational Emerson, David Farr, has written about how new technology will bolster the Continue reading Emerson CEO claims technology will further boost US production
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 framework in future to preserve stability in the oil markets. Continue reading Saudi Arabia hopes production curbs to relax in 2019
A recent report published by OPEC discloses that Venezuela pumped 1.6 million barrels per day (bpd) in January, 20% less than the Continue reading Venezuela’s oil output drops dramatically as it imports Russian crude
Speaking in Davos at the World Economic Forum, Saudi Energy Minister Khalid Al-Falih hit back at claims that increasing US shale production will Continue reading Saudi oil minister dismisses US shale concerns
ExxonMobil, the oil major that supplies Mobil UK stockists, has announced a new three-year partnership with MagnaBond to develop new technologies to Continue reading ExxonMobil and MagnaBond form new partnership to develop well integrity evaluation technology
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
OPEC’s recent monthly oil market report states that its total production fell by 133,500 bpd (barrels per day) in November to 32,448 million bpd, marking a six-month low for Continue reading OPEC production at six-month low, but US shale output rises