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
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
ExxonMobil and WinGD join forces to improve engine optimization
18/04/2019 by Mark
ExxonMobil and Winterthur Gas & Diesel (WinGD) have begun a collaboration that will see the cylinder condition monitoring Mobil Serv combined with WinGD’s predictive maintenance technology, namely its Integrated Digital Expert (WiDE). The companies claim…
Nigeria claims $23 per barrel oil production cost
12/04/2019 by Richard
Emmanuel Ibe Kachikwu, Nigeria’s Petroleum Minister, has told local media that the average production cost for oil in the country has
ExxonMobil announces large-scale expansion of Singapore facility
06/04/2019 by Mark
ExxonMobil has announced a multibillion-dollar development of its integrated manufacturing complex on Jurong Island, Singapore. Once the expansion is