Libya to invest tens of billions in oil production
06/02/2019 by Richard
Libya’s National Oil Company (NOC), which is state owned, will invest $50bn in the country’s oil and gas industry this year to raise production. It is
Vestas presents new wind power platform
30/01/2019 by Mark
Vestas, a wind power firm based in Denmark, has introduced its new EnVestas platform, which the company claims will produce cheaper energy by allowing customers to
Mobil receives validation for cutting landfill waste
27/01/2019 by Richard
Oil major ExxonMobil has announced that its lubrication blending and packing plants have received Zero Waste to Landfill Silver validation from UL, a
US to move towards energy independence
24/01/2019 by Mark
According to the US Department of Energy, the United States will make a big leap toward energy independence over the next couple of years as US oil production continues
Study predicts renewables will dominate next year
21/01/2019 by Richard
According to EnAppSys, an energy market analyst, renewable energy will supplant fossil fuels as the UK’s dominant form of energy generation in 2020. The UK wind
ExxonMobil looking at electric vehicle charging
18/01/2019 by Mark
A recent report from the Atlantic Council states that ExxonMobil, as well as other big oil companies, is looking into incorporating charging for
ExxonMobil teams up with IBM to apply quantum computing to energy sector
15/01/2019 by Mark
At this year’s Consumer Electronics Show in Las Vegas, ExxonMobil has formally announced that it has entered into a partnership deal with IBM to
Scottish Power focuses on wind power
12/01/2019 by Richard
Scottish Power has become the first UK energy company to rely solely on wind power following the sale of some of its other generating assets to rival energy company Drax. The sale of
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