Kazakhstan’s oil industry explained
12/07/2017 by Mark
Straddling Eastern Europe and Central Asia, the former Soviet republic of Kazakhstan is the ninth-largest country in the
Libya’s oil output exceeds a million barrels a day
12/07/2017 by Mark
Bloomberg reports that Libya’s oil production has passed the landmark of a million barrels a day, marking a four-year high. The news came from a
World’s first floating windfarm takes to the water
11/07/2017 by OilStoreAdministrator
The first floating windfarm in the world has been introduced to a Norwegian fjord, from where the new turbines will be
Exploring the Angolan oil industry
10/07/2017 by OilStoreAdministrator
Having been blighted by a 27-year civil war following its independence in 1975, Angola remains a relatively poor country with
Goldman Sachs downgrades its oil price forecast
09/07/2017 by OilStoreAdministrator
Analysts from investment bank Goldman Sachs have slashed its projection for oil prices in the coming quarter, indicating a three-month average of $47.50 per barrel for WTI crude. The bank previously predicted oil prices averaging
Spotlight on oil production in Mexico
08/07/2017 by Richard
With an average daily production of 2,186,877 barrels per day in 2016, Mexico is ranked number 12 for oil production. Back in
A look at oil production in Libya
06/07/2017 by Mark
With an average oil production of 384,686 barrels per day in 2016, Libya may not seem like a big oil player, but this
Lower crude prices fail to dampen US shale production
06/07/2017 by Richard
The US increased its number of rigs deployed for the 23rd straight week in late June, according to Baker Hughes, an oil services firm. This represents the
Norway shows the way for Arctic oil
04/07/2017 by OilStoreAdministrator
With the oil industry struggling to recover from a global supply glut, even with substantial production cuts by
UK manufacturers enjoy highest demand for 29 years
03/07/2017 by Richard
The CBI’s latest Industrial Trends Survey has found that total order books for the participating UK manufacturers are at their highest level since August 1988. The increase comes from
Rosneft hits oil in Eastern Arctic
30/06/2017 by OilStoreAdministrator
The Russia oil company Rosneft, which is majority owned by the Russian Government, has reported finding crude oil in the Laptev Sea of the Eastern Arctic. Rosneft holds
Wind power may help meet peak demand in winter
27/06/2017 by OilStoreAdministrator
A new study has pointed out that wind power can make an important contribution the UK’s energy supply in cold periods when electricity demand is highest. Wind power is