A team of researchers based in Scotland have developed a new way to protect against oil leaks from decommissioned wells.
A survey by Reuters suggest that OPEC oil production is at its lowest rate for four years.
According to the Continue reading OPEC oil production at four-year low, says survey
ExxonMobil has unveiled plans to invest over £800m in expanding its Fawley refinery, which is currently the UK’s largest oil refinery, on Britain’s south coast.
ExxonMobil claims the expansion will up its ultra-low sulphur diesel production levels by 38,000 barrels per day (bpd), an increase of 45% on its current capacity. The UK is currently highly dependent on foreign-made diesel, having imported half of its diesel requirements in 2017. This expansion should help to reduce this.
As part of the expansion plans, a hydrogen plant will be built to enhance the energy efficiency of the refinery, while a hydrotreater unit will be constructed to remove sulphur from refined fuel. Improvements will also be made to logistics processes.
The president of ExxonMobil Fuels and Lubricants Co., Bryan Milton, said about the expansion:
“ExxonMobil continues to invest in the Fawley refinery and chemical plant, Britain’s largest integrated facility. This investment will make Fawley refinery the most efficient in the United Kingdom, supporting Esso’s industry-leading logistics and fuel marketing operations.”
ExxonMobil makes a variety of products at its Fawley Refinery, including chemical feedstocks and transport fuel. It also manufactures other valuable refined products, such as lubricant basestocks for hydraulic oils like Mobil DTE 25.
The firm says it has already started on the design and engineering for the project, which should create up to a thousand construction jobs. Construction is set to begin later this year if it gains planning approval, with the project going live in 2021.
ExxonMobil, together with BBL Ventures, has begun inviting entrepreneurs to take part in its first Robotics Reverse Pitch Challenge.
Together with an affiliate of Qatar Petroleum, ExxonMobil has won three new exploration blocks offshore of Argentina, some 200 miles off the Tierra del Fuego archipelago in the Malvinas basin.
ExxonMobil, the oil Continue reading ExxonMobil wins three offshore Argentinian blocks
Amazon.com Inc., the America-based e-commerce giant, has announced it will buy 229 MW of wind power from three wind farms in the US, Sweden, and Ireland as part of the company’s long-term aspiration to power the worldwide infrastructure of its Amazon Web Services (AWS) with 100% renewable energy.
Like Amazon, many tech companies are looking at Continue reading Amazon to buy 229 MW of wind power
Emmanuel Ibe Kachikwu, Nigeria’s Petroleum Minister, has told local media that the average production cost for oil in the country has Continue reading Nigeria claims $23 per barrel oil production cost
Engineering company Siemens Gamesa has unveiled what appears to be the most powerful model of onshore wind power turbine so far.
Uniper, a German utility company, has begun feeding methane produced using wind power into its gas pipeline network.Continue reading Uniper begins feeding gas from wind power into grid
The production of green hydrogen may be cost-competitive with natural gas-based hydrogen by 2035, according to a new study from the Norway-based accredited registrar and classification society DNV GL.Continue reading Green hydrogen may be economically feasible by 2035