US shale oil production set to exceed 8.5 million bpd
21/06/2019 by Mark
Seven major shale formations will be responsible for 8.52 million barrels per day (bpd) of oil production in July, according to
ExxonMobil celebrates new Rotterdam hydrocracker installation
18/06/2019 by OilStoreAdministrator
Representatives from ExxonMobil and various government agencies – including Dutch minister for Economic Affairs and Climate Policy Eric Wiebes, Port of Rotterdam CEO Allard Castelein, and, from the US Embassy, Shawn Crowley – gathered at…
UK could see biggest onshore wind farm so far
15/06/2019 by Richard
CWL Energy has unveiled new plans for what could become the UK’s biggest onshore wind farm. At 560 MW, it
Mobil adds MobilGard M420 to its marine range
12/06/2019 by Mark
ExxonMobil, through its Mobil lubrication brand, has released its new MobilGard M420 oil for medium-speed marine engines. This 20BN oil has
ExxonMobil to double downstream earnings
09/06/2019 by OilStoreAdministrator
ExxonMobil CEO, Darren Woods, has told shareholders that he expects the company’s downstream earning’s potential to more than double between 2017 and 2025 based on 2017 adjusted returns.
Africa to see accelerated wind power uptake
06/06/2019 by Richard
According to the Global Wind Industry Council, the continent of Africa will see its wind power generation capacity double over the coming four years.
Russian oil output falls further on oil contamination
03/06/2019 by Mark
Two unnamed industry sources have told Reuters that Russia’s oil production has continued to fall in the wake of April’s discovery of contaminated oil shipments in the Druzhba pipeline to Europe. Some five million tonnes…
UK wind power could grow tenfold
30/05/2019 by OilStoreAdministrator
According to a new report for the UK Government by the Committee on Climate Change (CCC), UK wind power would need to grow by almost 10 times if the country is to get to a…
US shale oil production to grow substantially
27/05/2019 by OilStoreAdministrator
According to Rystad Energy, an independent energy research and business intelligence company, US onshore production is set to grow by around 16% this year – an increase of between 1.1 million and 1.2 million barrels…
IEA releases monthly report
24/05/2019 by OilStoreAdministrator
The International Energy Agency (IEA) has said in its monthly report that it expects rising US oil production to offset the declining production in Venezuela and Iran. The US Government recently decided to
British power goes whole week without coal
21/05/2019 by Richard
The British power sector managed to supply electricity for an entire week without burning any coal for power. This marks the first week without coal-based electricity since 1882, when the first coal-fired power plant opened…
PetroChina and ExxonMobil in $53 billion Iraq megaproject
18/05/2019 by Mark
Prime Minister Adel Abdul-Mahdi of Iraq has announced the country’s intention to work with oil majors ExxonMobil and PetroChina to take seawater from the Persian Gulf and use it to boost oil production