Survey reveals positive attitude towards wind turbines
24/03/2019 by OilStoreAdministrator
People in the US who live near wind turbines prefer to keep them rather than swap them for a fossil fuel power plant or a solar installation, according to new analysis published in Nature Energy…
Britain’s premier offshore wind farm to go offline
21/03/2019 by OilStoreAdministrator
After nearly 20 years of operation, Blyth Offshore Wind Farm, which was the UK’s first wind farm situated offshore, will be decommissioned according to its operator, E.ON Energy.
Green hydrogen may be economically feasible by 2035
18/03/2019 by Richard
The production of green hydrogen may be cost-competitive with natural gas-based hydrogen by 2035, according to a new study from the Norway-based accredited registrar and classification society DNV GL.
UK government to back offshore wind power
15/03/2019 by Mark
The UK government is to provide further support for the expansion of offshore wind power. It hopes that it will be meeting about a third of the country’s electricity demand by 2030.
US oil majors raise Permian production forecasts
12/03/2019 by OilStoreAdministrator
US oil companies ExxonMobil and Chevron have both sharply raised their production forecasts for their upstream operations in the Permian Basin. They claim that improvements in drilling technology means that these operations can turn a…
Google boosts wind power efficiency with AI
09/03/2019 by Richard
Google has announced on its company blog that it has successfully managed to boost the value of its generated wind power by 20%, thanks to installing artificial intelligence (AI) algorithms in some of its facilities.
ExxonMobil makes big gas find south of Cyprus
06/03/2019 by Richard
ExxonMobil, as part of its joint venture with Qatar petroleum, has discovered a large gas field off the south coast of Cyprus.
ExxonMobil increased reserves by 4.5 Bboe over 2018
03/03/2019 by Mark
Oil giant ExxonMobil has announced that its overall gas and oil reserves over 2018 increased by 4.5 Bboe (billion barrels of oil equivalent) to, enough to cover the annual production more than three times over.
US oil production hits 12 million bpd threshold
28/02/2019 by Richard
The boom in US oil production continued apace as the country reached the 12 million barrels per day (bpd) mark in the week ending February 15, according to weekly petroleum data from the Energy Information…
ExxonMobil looks to the cloud for Permian operations
27/02/2019 by OilStoreAdministrator
ExxonMobil has announced a new affiliation with Microsoft to apply its cloud-based services to ExxonMobil’s operations in the Permian Basin, where it plans to quadruple production by 2025. It will be the largest gas and…
UK wind power sets new records
24/02/2019 by Richard
High winds in February have helped the UK wind power industry to set a series of new records.
Giant UK windfarm produces first power
21/02/2019 by Mark
According to Orsted (formerly DONG Energy), the Hornsea One windfarm has begun generating electricity. The windfarm, which is sited about 75 miles off the Yorkshire coast, will be the largest offshore windfarm in the world…