Crown Estates Scotland has announced that it has received 19 applications in total for its leasing process as part of its Innovation and Targeted Oil and Gas (INTOG) offshore wind programme. Continue reading INTOG leasing process attracts 19 applications
Mitsubishi-owned energy company Eneco and Shell have won the rights to develop a new windfarm more than 30 miles off the Dutch coast, with the companies planning to incorporate innovations to improve its environmental impact in addition to enhancing performance. Continue reading Shell and Mitsubishi to incorporate environmental elements in windfarm
Leading lubricant maker FUCHS has agreed with L.B. Foster Company to enter into a new strategic partnership aimed at developing new friction management solutions for the global rail market. Continue reading New strategic partnership for FUCHS and L.B. Foster
A four-week long streak of US crude oil inventory drawdowns was broken when official data from the American Petroleum Institute (API) showed an unexpected build of 7.819 million barrels, compared to an anticipated drawdown of 3.913 million barrels. Continue reading US sees surprise increase in crude inventories
According to BMO Capital Markets, over two-thirds of the premium land in the prolific US Permian Basin has already been drilled for oil, meaning that operators are looking for other opportunities to maintain production. Continue reading Permian operators drill deeper as production starts to plateau
In its December Oil Market Report, the International Energy Agency (IEA) has upwardly revised its expectations for how the demand for oil will grow. Continue reading IEA raises its forecast for global oil demand
The fourth-largest energy supplier in the UK, Octopus Energy Group, has signed a deal with Shell Energy Europe Limited to buy electricity generated at the Dogger Bank offshore windfarm. Continue reading Octopus to buy energy from Dogger Bank
Multinational automotive producer Toyota, in cooperation with select partners, has secured funding from the UK government in developing a version of its iconic Hilux pick-up truck that will be powered by hydrogen fuel cells. Continue reading Toyota to develop hydrogen-powered Hilux in the UK
BP Ventures, the investment arm of energy giant BP, has added its backing for innovative solar technology that can enable megawatt-scale plants to be deployed at low cost in just a day. Continue reading BP invests in fold-out solar technology
US-based oil majors Chevron and ExxonMobil have announced significant boosts to their planned investments in energy projects next year, as the global demand for oil continues to keep oil prices relatively high. Continue reading ExxonMobil and Chevron to increase investment
