US oil majors raise Permian production forecasts
12/03/2019 by OilStoreAdministrator
US oil companies ExxonMobil and Chevron have both sharply raised their production forecasts for their upstream operations in the Permian Basin. They claim that improvements in drilling technology means that these operations can turn a…
Google boosts wind power efficiency with AI
09/03/2019 by Richard
Google has announced on its company blog that it has successfully managed to boost the value of its generated wind power by 20%, thanks to installing artificial intelligence (AI) algorithms in some of its facilities.
ExxonMobil makes big gas find south of Cyprus
06/03/2019 by Richard
ExxonMobil, as part of its joint venture with Qatar petroleum, has discovered a large gas field off the south coast of Cyprus.
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