Wind to power blockchain facility in Morocco
09/08/2018 by OilStoreAdministrator
Many tech giants have been turning to wind power to offset the carbon footprint of their power-hungry data centres, but one company is going a step further
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
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
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
Texas set to break annual oil production record
30/07/2018 by Mark
The US state of Texas looks likely to shatter its all-time annual oil production record of 1.263 billion barrels from 1972. What’s more, this will be achieved with fewer rigs and workers than a few…
US not producing enough oil for prices to be lowered
27/07/2018 by Mark
The International Energy Agency’s energy markets and security director has testified before the Senate Energy and Natural Resources Committee that the US alone cannot ramp up production enough to have a significant effect on
US to soon become world's top oil producer
24/07/2018 by OilStoreAdministrator
The US is set to become the world’s top oil-producing nation for the first time since the mid-1970s, according the July short-term energy outlook from the
New poll suggests strong support for onshore wind power
24/07/2018 by Mark
A new poll of UK citizens has shown a clear majority in favour of onshore wind power and who want the Government to change its current policy, which has effectively banned onshore wind power by…
ExxonMobil signs five-year deal with Infinis
21/07/2018 by OilStoreAdministrator
ExxonMobil, which makes the lubricants for Mobil distributors, has signed a sole supplier five-year agreement with Infinis
Infrastructure report calls for more UK onshore wind power
18/07/2018 by Richard
A new report from the National Infrastructure Commission (NIC) argues that onshore wind power projects should be allowed to participate in the Contract for Difference (CfD) auction scheme again.
Russia already increasing oil production
15/07/2018 by Mark
Quoting sources privy to the data, Reuters reports that Russia was already pumping up to 11.193 million bpd (barrels per day) in the first days of July.
China to invest $250 million boosting Venezuela oil production
12/07/2018 by OilStoreAdministrator
Venezuela’s ailing oil sector may receive a welcome boost through investment from China, according to a report