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
How oil gets to the petrol pump
05/12/2018 by Richard
It’s often taken for granted that motorists can stop at a petrol station and fill their tanks, but that fuel has gone through a number of stages before it gets to the pump. Petrol—just like
Bloomberg survey points to production cuts
03/12/2018 by Mark
A new survey conducted by Bloomberg indicates that OPEC is likely to cut oil production at its next meeting on December 6 and 7. Bloomberg surveyed
Energy giants bring North Sea megaproject online
30/11/2018 by OilStoreAdministrator
The North Sea oil industry is often thought to be in decline, but a joint venture between BP, Shell, Chevron, and ConocoPhillips has just started producing oil. The Clair Ridge field was
What is oil used for?
29/11/2018 by Mark
More than 80 million barrels per day (bpd) of oil are produced every day around the world. Much of this comes from the big three oil producers – the USA, Russia, and Saudi Arabia –…
GE wins contract for US's first wind–solar hybrid
27/11/2018 by Mark
In the United States, GE has won a contract to provide elements of a new wind¬–solar hybrid, the first such commercial project in the country.