With a steadily increasing efficiency, wind power (both onshore and offshore) is proving itself to be a cost-efficient source of electricity generation for a Continue reading Top seven countries by wind power capacity
Oil is often described as black gold, an essential commodity that drives economic growth. It’s therefore no surprise that many shrewd operators have amassed vast Continue reading Seven billionaires who made their fortune from oil
Few can argue with the need for a good lubrication programme with quality products, such as those from Mobil stockists. While many people talk about increased reliability, less unscheduled downtime, and greater efficiency, this all Continue reading How to quantify the benefits of a lubrication programme
A new report from insurance company The Swedish Club has revealed that lubrication errors are now the most common, and most expensive, cause of marine main engine damage.
The study covers 8,759 insured vessels over Continue reading New study finds increase in engine lubrication failures
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
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.
OPEC members at the summit in Vienna have arrived at a deal to increase production by up to a million barrels per day (bpd). Some OPEC members were thought to object to a production increase because they lack the spare capacity to benefit from it.
The OPEC production caps, which came into force in Continue reading OPEC reaches deal to increase oil production
The US could be the world’s top oil producer by the autumn according to Scott Sheffield, the chairman of the major shale producer Pioneer Natural Resources.
Speaking to CNN Money, Sheffield says he expects US oil production to exceed Continue reading Shale executive claims US soon to be top oil producer
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
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