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
ExxonMobil to invest $100 million in emissions-reduction research
15/05/2019 by OilStoreAdministrator
Oil major ExxonMobil has pledged $100 million in funding for government research laboratories over the next ten years.
Researchers develop leak alarm for decommissioned wells
12/05/2019 by Richard
A team of researchers based in Scotland have developed a new way to protect against oil leaks from decommissioned wells. With some
OPEC oil production at four-year low, says survey
09/05/2019 by Richard
A survey by Reuters suggest that OPEC oil production is at its lowest rate for four years. According to the
ExxonMobil commits to expanding UK’s largest oil refinery
06/05/2019 by Richard
ExxonMobil has unveiled plans to invest over £800m in expanding its Fawley refinery, which is currently the UK’s largest oil refinery, on Britain’s south coast. ExxonMobil claims the expansion will up its ultra-low sulphur diesel…
ExxonMobil launches its Robotics Reverse Pitch Challenge
03/05/2019 by Richard
ExxonMobil, together with BBL Ventures, has begun inviting entrepreneurs to take part in its first Robotics Reverse Pitch Challenge. As part of the
ExxonMobil signs 20-year agreement with Chinese energy firm
30/04/2019 by Mark
ExxonMobil has announced a new agreement with China’s Zhejiang Energy to supply it with liquefied natural gas (LNG) over the coming 20 years. The deal will involve the oil giant delivering a million metric tons…
ExxonMobil makes 13th Guyana discovery
27/04/2019 by OilStoreAdministrator
Together with its partner Hess Corp, ExxonMobil has announced its 13th significant hydrocarbon discovery offshore of Guyana. The new Yellowstone-1 well is
ExxonMobil wins three offshore Argentinian blocks
24/04/2019 by Richard
Together with an affiliate of Qatar Petroleum, ExxonMobil has won three new exploration blocks offshore of Argentina, some 200 miles off the Tierra del Fuego archipelago in the Malvinas basin. ExxonMobil, the oil
Amazon to buy 229 MW of wind power
21/04/2019 by Richard
Amazon.com Inc., the America-based e-commerce giant, has announced it will buy 229 MW of wind power from three wind farms in the US, Sweden, and Ireland as part of the company’s long-term aspiration to power…