Oil production still rising in Texas
12/09/2018 by OilStoreAdministrator
Texas oil production is still rising, according to monthly data from the US Energy Information Administration (EIA). Despite concerns that
New wind turbine design wins prestigious UK Dyson award
09/09/2018 by Mark
Two MSc students attending Lancaster University, Nicolas Orellana (36) and Yaseen Noorani (24), have won a James Dyson award for a new wind turbine design that
ExxonMobil makes another discovery in Guyana
06/09/2018 by Mark
ExxonMobil, America’s largest oil company and the maker of lubricants for Mobil UK distributors, has announced its ninth discovery
The world’s five biggest oil companies
04/09/2018 by OilStoreAdministrator
While oil reserves can be a source of income for many nations, it’s the task of companies, sometimes state-owned, to find and develop oil resources. Here are the world’s top five oil companies by
ExxonMobil looks to buy renewable energy
03/09/2018 by Mark
Bloomberg reports that ExxonMobil is seeking to buy renewable energy for delivery in Texas. According to a
ExxonMobil signs collaboration agreement with Burckhardt Compression
30/08/2018 by Richard
Burckhardt Compression and ExxonMobil, both leaders in their respective fields, have agreed a joint endeavour to deliver leading lubricants and
Five of last year’s biggest oil and gas discoveries
28/08/2018 by Mark
While an oil field never goes entirely dry, it eventually becomes unproductive because the cost of extracting the remaining oil exceeds its market value. While operators have been, and continue to be, remarkably adept at
Collaboration to investigate ammonia to store energy
27/08/2018 by Richard
A Danish research company and Siemens Gamesa Renewable Energy (SGRE) are to work together on an investigation into the potential to store excess renewable energy as ammonia.
US releases 11 million barrels from oil reserves
24/08/2018 by Mark
The US Department of Energy is offering 11 million barrels of crude oil for sale from its strategic oil reserves, with delivery taking place in October and November.
UK reaches 20GW milestone for wind power
24/08/2018 by OilStoreAdministrator
The UK hit a significant milestone in September with the opening of Ørsted’s 659 MW Walney Extension, offshore from Cumbria. The country now has over 20MW of installed wind capacity. This is enough to reduce…
Saudi Arabia in talks to invest in Tesla
21/08/2018 by Richard
Elon Musk, chief executive of Tesla, has clarified a controversial tweet in which he said he had secured the funding to take the electric vehicle (EV) manufacturer private.
Saudi Arabian oil production down in July
18/08/2018 by OilStoreAdministrator
Saudi Arabia, OPEC’s largest oil producer, pumped just 10.3 million barrels per day (bpd) in July according to its own reports