Russia and Saudi Arabia edge toward easing production caps
30/05/2018 by Richard
There are increasing signs that Russia and Saudi Arabia are moving closer to relaxing the OPEC-led production caps that have been in force since the start of
Wind power outdoes nuclear in first three months of year
27/05/2018 by OilStoreAdministrator
According to a report from Imperial College London, wind power overtook nuclear in terms of the amount of electricity produced in the first three months of
How debris analysis can help prevent equipment failure
25/05/2018 by Mark
Despite your best efforts, and your choice of high quality lubricants from Mobil UK stockists, it’s not unheard of for components to fail, usually for one
Researchers announce new method for making biofuel
24/05/2018 by Mark
Researchers at the University of Turku in Finland have announced that they have found a new efficient way to use algae to make biofuel. In the new method, the algae uses solar energy to split…
Germans trial converting wind power into gas
21/05/2018 by Mark
German energy company Uniper has launched a new pilot scheme to make use of wind power by converting it into methane gas. Wind power across Europe is growing rapidly, and the industry continues to make…
ExxonMobil set to return to site of Australia’s first offshore well
18/05/2018 by OilStoreAdministrator
ExxonMobil is set to begin new exploration in the Gippsland Basin off the south-east coast of Australia, where together with its venture partner BHP, the company has extracted more than 8 trillion cubic feet of…
Stanford researchers announce new water-based battery
15/05/2018 by Richard
Researchers from Stanford University have published an article in the Nature Energy journal outlining a new type of battery that could have applications for
ExxonMobil set to acquire Indonesian lubricant firm
12/05/2018 by OilStoreAdministrator
According to parent company PT Mitra Pinasthika Mustika, ExxonMobil has come to an agreement to buy its PT Federal Karyatama firm in a deal worth $436m. PT Federal Karyatama is
US set to become world’s top oil exporter
09/05/2018 by OilStoreAdministrator
It has already been predicted that the US will soon become the world’s top oil producer, but the country is also the world’s largest consumer of oil. This situation has meant it has generally been…
Profits rise at ExxonMobil
06/05/2018 by Richard
ExxonMobil, the energy giant behind Mobil UK distributors, showed a 16% year-on-year rise in profits after posting its first-quarter earnings. The company’s share price dipped slightly, though, amid perceptions that the profit rise had not…
ExxonMobil looks for quick output from Guyana
03/05/2018 by Mark
ExxonMobil is looking for a quick return on its investment in the tiny South American country of Guyana amid claims from the IMF that its contract was “favourable” to the oil giant. ExxonMobil, which in…
What ExxonMobil learned from analysing oil samples
02/05/2018 by Richard
Any good maintenance strategy should consider using used oil analysis (UOA), so operators can make informed decisions about when to make costly interventions such as