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
ExxonMobil, the US oil giant behind slideway oils like Mobil Vactra 4, has announced it plans to spend $650m (about £500m) on upgrading its Fawley refinery on the southern English coast.
ExxonMobil’s Fawley refinery Continue reading ExxonMobil to spend £500m on UK refinery
Texas oil production is still rising, according to monthly data from the US Energy Information Administration (EIA).
Despite concerns that Continue reading Oil production still rising in Texas
ExxonMobil, America’s largest oil company and the maker of lubricants for Mobil UK distributors, has announced its ninth discovery Continue reading ExxonMobil makes another discovery in Guyana
The US Department of Energy is offering 11 million barrels of crude oil for sale from its strategic oil reserves, with delivery taking place in October and November. Continue reading US releases 11 million barrels from oil reserves
Saudi Arabia, OPEC’s largest oil producer, pumped just 10.3 million barrels per day (bpd) in July according to its own reports Continue reading Saudi Arabian oil production down in July
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
According to comments from Abdullah Hussain Haroon, Pakistan’s Minister for Maritime Affairs and Foreign Affairs, ExxonMobil is on the verge of discovering huge new oil reserves Continue reading ExxonMobil set for major oil discovery in Pakistan
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
In what has been predicted to be a record-breaking year for US oil production, there is an indication that the recent boom may be faltering.