New records for US and Russian oil production
09/01/2019 by Mark
Both the US and Russia have announced record levels of oil production. For the US, the Energy Information Administration says in its monthly report that
North Uist to get community windfarm
06/01/2019 by OilStoreAdministrator
The island community of North Uist in Scotland’s Outer Hebrides is set to build a community windfarm following a successful crowdfunding campaign. The renewables project plans to
Rosneft boss blames Federal Reserve for low oil prices
03/01/2019 by Mark
Igor Sechin, the head of Russian oil giant Rosneft – a long-term ally of President Putin – has attributed the recent drop in oil prices to the US Federal Reserve’s decision to raise interest rates…
British wind power sets new record
30/12/2018 by OilStoreAdministrator
Figures from Drax Electic Insights, backed up by the National Grid, show that wind power met just over a third of British electricity demand, some 15 gigawatts, for an
ExxonMobil supports maintaining emission rules in letter
27/12/2018 by Mark
Reuters reports that it has seen a letter from ExxonMobil to the U.S. Environmental Protection Agency in which the oil major expresses its support for continuing Obama-era methane gas emissions rules put in place to…
ExxonMobil sponsors vehicle sustainability project
24/12/2018 by Mark
ExxonMobil has decided to sponsor a flagship programme at Clemson University in South Carolina, USA in order to drive the development of vehicle sustainability solutions
EIA: US shale oil to reach 8.166 million bpd
21/12/2018 by OilStoreAdministrator
In its latest forecasts, the US Energy Information Administration (EIA) predicts that US shale oil production will reach 8.166 million barrels per day
Next decade to see extra 680+ GW of wind power
18/12/2018 by Richard
Fresh research from Wood Mackenzie Power & Renewables – an energy, chemicals, renewables, metals and mining research and consultancy group – over 680 GW of wind power generation will be added globally over the next…
Mobil launches new synthetic truck and SUV motor oil
15/12/2018 by Mark
Mobil has expanded its Mobil 1 range of motor oils with a new variant specifically aimed at light-duty trucks and sports utility vehicles (SUVs). The new Mobil 1
ExxonMobil hikes Guyana estimates
12/12/2018 by Richard
ExxonMobil has increased its estimates by 25% for the hydrocarbon resources in the Stabroek Block offshore of Guyana after the company made its 10th discovery in the region. The company, which also
US oil production surges to new record
09/12/2018 by OilStoreAdministrator
Despite concerns over limited takeaway capacity in the prolific Permian Basin, the US Energy Information Administration (EIA) reports that US oil production surged to a new record of 11.475 million barrels per day (bpd) in
ExxonMobil to use renewable energy in oil production
06/12/2018 by OilStoreAdministrator
Oil giant ExxonMobil has signed a 12-year deal to buy 500 MW of renewable energy generation to power its operations in the Permian Basin of West Texas. According to