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
Both Russia and Saudi Arabia, two of the world’s biggest oil producers, have loosened the taps on oil production ahead of the next OPEC in Vienna on June 22. It is widely anticipated that the cartel, along with its non-member partners, will agree to relax the current production caps to some degree at the meeting.
Saudi Arabia, which has generally been producing Continue reading Russia and Saudi Arabia raise oil production in run up to OPEC meeting
Bloomberg, quoting sources familiar with the matter, reports that the US Government has made a subtle request from OPEC to increase oil production by a million barrels per day (bpd).
While US politicians often criticize OPEC’s management and encourage the cartel to raise production when oil prices climb, it is uncommon for the government to suggest such a specific raise. One theory is that it may compensate for displaced oil production that could follow the reintroduction of Continue reading US asks OPEC to boost oil production
ExxonMobil, the energy giant behind Mobil UK stockists, has set itself new targets for reducing emissions from its upstream operations.
Compared with 2016 levels, the company says it will reduce its methane emissions by 15% by 2020. Methane is the main constituent of natural gas, but it is also Continue reading ExxonMobil targets emission reductions
ExxonMobil, the oil major behind Mobil-branded lubricants, has a broad research portfolio when it comes to biofuels. It believes some fundamental breakthroughs in Continue reading How ExxonMobil is using algae to produce oil
Any good maintenance strategy should consider using used oil analysis (UOA), so operators can make informed decisions about when to make costly interventions such as Continue reading What ExxonMobil learned from analysing oil samples
Iraq has begun soliciting bids for a new $4 billion project to boost production at its southern oil fields. The intention is that seawater will be injected into the fields to accelerate the removal of the remaining crude. According to the director-general of the state-run Basra Oil Co., Abdul Jabbar, five companies have already shown interest in Continue reading Iraq looks to boost oil production and export capacity
Industrial lubrication is not always a simple matter, so here are answers to some questions that you may be tempted to ask Mobil distributors in the UK. Continue reading Q & A for Mobil distributors in the UK
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