The US oil industry has been continually setting new records for oil production, thanks in no small part to the shale revolution. Now, for the first time since 1973, preliminary data from the US Energy Information Administration (EIA) has Continue reading US now the world’s top oil producer
Author: Richard
ExxonMobil signs collaboration agreement with Burckhardt Compression
Burckhardt Compression and ExxonMobil, both leaders in their respective fields, have agreed a joint endeavour to deliver leading lubricants and Continue reading ExxonMobil signs collaboration agreement with Burckhardt Compression
Collaboration to investigate ammonia to store energy
A Danish research company and Siemens Gamesa Renewable Energy (SGRE) are to work together on an investigation into the potential to store excess renewable energy as ammonia. Continue reading Collaboration to investigate ammonia to store energy
Saudi Arabia in talks to invest in Tesla
Elon Musk, chief executive of Tesla, has clarified a controversial tweet in which he said he had secured the funding to take the electric vehicle (EV) manufacturer private. Continue reading Saudi Arabia in talks to invest in Tesla
Russia helps grow global oil production
July saw the world’s supply of oil increase, thanks in part to an unexpectedly sharp rise in Russian oil production. Continue reading Russia helps grow global oil production
Scottish oil industry shows signs of recovery
Scotland oil industry is preparing to reverse years of regression, according to the Scottish newspaper Daily Record.
The paper quotes port bosses, in Continue reading Scottish oil industry shows signs of recovery
Infrastructure report calls for more UK onshore wind power
A new report from the National Infrastructure Commission (NIC) argues that onshore wind power projects should be allowed to participate in the Contract for Difference (CfD) auction scheme again. Continue reading Infrastructure report calls for more UK onshore wind power
Confusion ensues as Trump claims two million bpd Saudi production boost
US President Donald Trump has claimed that he has gained assurances from King Salman of Saudi Arabia to increase production by up to two million barrels per Continue reading Confusion ensues as Trump claims two million bpd Saudi production boost
Saudi Arabia planning record oil production
Bloomberg reports sources informed about Saudi Arabia’s output policy as saying that the country is preparing to pump a record-breaking 10.8 million barrels per day (bpd) in July. This would follow the recent OPEC deal where members agreed to relax production caps by a million bpd. At the meeting, Khalid Al-Falih, the Saudi Arabian Energy Minister, said his country would prioritize its customers by doing “whatever is necessary to Continue reading Saudi Arabia planning record oil production
ExxonMobil starts road trip to prove its new motor oil
Through its Mobil stockists, ExxonMobil has long been delivering high-performance lubricants with long drain intervals. To demonstrate its claims about its new Mobil 1 Annual Protection motor oil, however, the company has launched a 20,000-mile round trip around 48 states in the US, involving a variety of driving conditions, without an Continue reading ExxonMobil starts road trip to prove its new motor oil
