The UK hit a significant milestone in September with the opening of Ørsted’s 659 MW Walney Extension, offshore from Cumbria. The country now has over 20MW of installed wind capacity. This is enough to reduce the Continue reading UK reaches 20GW milestone for wind power
US releases 11 million barrels from oil reserves
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 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
Saudi Arabian oil production down in July
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
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
ExxonMobil set for major oil discovery in Pakistan
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
Top seven countries by wind power capacity
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
Wind to power blockchain facility in Morocco
Many tech giants have been turning to wind power to offset the carbon footprint of their power-hungry data centres, but one company is going a step further Continue reading Wind to power blockchain facility in Morocco
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
Seven billionaires who made their fortune from oil
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
