ExxonMobil to spend £500m on UK refinery
18/09/2018 by Mark
ExxonMobil, the US oil giant behind slideway oils like Mobil Vactra 4, has announced it plans to spend $650m (about £500m) on upgrading its Fawley refinery on the southern English coast. ExxonMobil’s Fawley refinery
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
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
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
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.
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
Russia helps grow global oil production
15/08/2018 by Richard
July saw the world’s supply of oil increase, thanks in part to an unexpectedly sharp rise in Russian oil production.
ExxonMobil set for major oil discovery in Pakistan
12/08/2018 by Mark
According to comments from Abdullah Hussain Haroon, Pakistan’s Minister for Maritime Affairs and Foreign Affairs, ExxonMobil is on the verge of discovering huge new oil reserves
Scottish oil industry shows signs of recovery
06/08/2018 by Richard
Scotland oil industry is preparing to reverse years of regression, according to the Scottish newspaper Daily Record. The paper quotes port bosses, in
Seven billionaires who made their fortune from oil
03/08/2018 by Mark
Oil is often described as black gold, an essential commodity that drives economic growth. It’s therefore no surprise that many shrewd operators have amassed vast
US oil production falls short of forecast
03/08/2018 by Mark
In what has been predicted to be a record-breaking year for US oil production, there is an indication that the recent boom may be faltering. Drillers in