ExxonMobil signs collaboration agreement with Burckhardt Compression
30/08/2018 by Richard
Burckhardt Compression and ExxonMobil, both leaders in their respective fields, have agreed a joint endeavour to deliver leading lubricants and
Five of last year’s biggest oil and gas discoveries
28/08/2018 by Mark
While an oil field never goes entirely dry, it eventually becomes unproductive because the cost of extracting the remaining oil exceeds its market value. While operators have been, and continue to be, remarkably adept at
Collaboration to investigate ammonia to store energy
27/08/2018 by Richard
A Danish research company and Siemens Gamesa Renewable Energy (SGRE) are to work together on an investigation into the potential to store excess renewable energy as ammonia.
US releases 11 million barrels from oil reserves
24/08/2018 by Mark
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.
UK reaches 20GW milestone for wind power
24/08/2018 by OilStoreAdministrator
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…
Saudi Arabia in talks to invest in Tesla
21/08/2018 by Richard
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.
Saudi Arabian oil production down in July
18/08/2018 by OilStoreAdministrator
Saudi Arabia, OPEC’s largest oil producer, pumped just 10.3 million barrels per day (bpd) in July according to its own reports
Russia helps grow global oil production
15/08/2018 by Richard
July saw the world’s supply of oil increase, thanks in part to an unexpectedly sharp rise in Russian oil production.
ExxonMobil set for major oil discovery in Pakistan
12/08/2018 by Mark
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
Top seven countries by wind power capacity
10/08/2018 by OilStoreAdministrator
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
Wind to power blockchain facility in Morocco
09/08/2018 by OilStoreAdministrator
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
Scottish oil industry shows signs of recovery
06/08/2018 by Richard
Scotland oil industry is preparing to reverse years of regression, according to the Scottish newspaper Daily Record. The paper quotes port bosses, in