Blog category - Oil Industry

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

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

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

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

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

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 –…

Fatih Birol, Executive Director of the International Energy Agency (IEA), has warned that proposed supply cuts by key oil producers may have negative

According to the Energy Ministry of Cyprus, ExxonMobil and Qatar Petroleum began exploratory drilling within block 10 of Cyprus’s Exclusive Economic Zone (EEZ) on

U.S. President Trump published a tweet on Monday, November 12 expressing a hope that OPEC does not go ahead with production cuts. The same day, Saudi

ExxonMobil has surprised Wall Street by posting higher than expected profits and revenue for the third quarter, despite an overall drop in oil and gas production. The oil major, which

ExxonMobil has announced its intention to commit $10m (£7.75m) over five years to the Singapore Energy Center, a partnership aimed at the advancement of

Hydraulic oil is different to regular lubricating oils. Yes, it does lubricate, and many hydraulic oils like Mobil DTE Light can be applied in both hydraulic and