ExxonMobil increased reserves by 4.5 Bboe over 2018
03/03/2019 by Mark
Oil giant ExxonMobil has announced that its overall gas and oil reserves over 2018 increased by 4.5 Bboe (billion barrels of oil equivalent) to, enough to cover the annual production more than three times over.
US oil production hits 12 million bpd threshold
28/02/2019 by Richard
The boom in US oil production continued apace as the country reached the 12 million barrels per day (bpd) mark in the week ending February 15, according to weekly petroleum data from the Energy Information…
ExxonMobil looks to the cloud for Permian operations
27/02/2019 by OilStoreAdministrator
ExxonMobil has announced a new affiliation with Microsoft to apply its cloud-based services to ExxonMobil’s operations in the Permian Basin, where it plans to quadruple production by 2025. It will be the largest gas and…
UK wind power sets new records
24/02/2019 by Richard
High winds in February have helped the UK wind power industry to set a series of new records.
Giant UK windfarm produces first power
21/02/2019 by Mark
According to Orsted (formerly DONG Energy), the Hornsea One windfarm has begun generating electricity. The windfarm, which is sited about 75 miles off the Yorkshire coast, will be the largest offshore windfarm in the world…
ExxonMobil makes two finds offshore of Guyana
18/02/2019 by OilStoreAdministrator
ExxonMobil has built on its previous success offshore of Guyana by making two new discoveries at its Tilapia-1 and Haimara-1 wells. The company has now made 12 discoveries
ExxonMobil and Qatar Petroleum give go-ahead to LNG project
15/02/2019 by Richard
Qatar Petroleum and ExxonMobil are to build on their existing partnership by investing $10 billion in a new project to export exporting liquefied natural gas (LNG)
Researchers synthesise renewable base oils
12/02/2019 by Mark
Researchers for the Catalysis Center for Energy Innovation (CCEI) have reported a new strategy for efficiently creating base oils for lubricants from biomass product like wood and such organic waste
ExxonMobil moves forward with growth plan
09/02/2019 by OilStoreAdministrator
Oil giant ExxonMobil has taken important steps towards realising the ambitious investment plan it announced last year. The company plans to
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