US to move towards energy independence
24/01/2019 by Mark
According to the US Department of Energy, the United States will make a big leap toward energy independence over the next couple of years as US oil production continues
Study predicts renewables will dominate next year
21/01/2019 by Richard
According to EnAppSys, an energy market analyst, renewable energy will supplant fossil fuels as the UK’s dominant form of energy generation in 2020. The UK wind
ExxonMobil looking at electric vehicle charging
18/01/2019 by Mark
A recent report from the Atlantic Council states that ExxonMobil, as well as other big oil companies, is looking into incorporating charging for
ExxonMobil teams up with IBM to apply quantum computing to energy sector
15/01/2019 by Mark
At this year’s Consumer Electronics Show in Las Vegas, ExxonMobil has formally announced that it has entered into a partnership deal with IBM to
Scottish Power focuses on wind power
12/01/2019 by Richard
Scottish Power has become the first UK energy company to rely solely on wind power following the sale of some of its other generating assets to rival energy company Drax. The sale of
New records for US and Russian oil production
09/01/2019 by Mark
Both the US and Russia have announced record levels of oil production. For the US, the Energy Information Administration says in its monthly report that
North Uist to get community windfarm
06/01/2019 by OilStoreAdministrator
The island community of North Uist in Scotland’s Outer Hebrides is set to build a community windfarm following a successful crowdfunding campaign. The renewables project plans to
Rosneft boss blames Federal Reserve for low oil prices
03/01/2019 by Mark
Igor Sechin, the head of Russian oil giant Rosneft – a long-term ally of President Putin – has attributed the recent drop in oil prices to the US Federal Reserve’s decision to raise interest rates…
British wind power sets new record
30/12/2018 by OilStoreAdministrator
Figures from Drax Electic Insights, backed up by the National Grid, show that wind power met just over a third of British electricity demand, some 15 gigawatts, for an
ExxonMobil supports maintaining emission rules in letter
27/12/2018 by Mark
Reuters reports that it has seen a letter from ExxonMobil to the U.S. Environmental Protection Agency in which the oil major expresses its support for continuing Obama-era methane gas emissions rules put in place to…
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