Tight oil to continue driving US production growth
03/04/2019 by OilStoreAdministrator
The US Energy Information Administration has projected in its 2019 Annual Energy Outlook that tight oil, which is also often referred to as shale oil, production will continue to grow and drive increasing US oil…
Uniper begins feeding gas from wind power into grid
30/03/2019 by Richard
Uniper, a German utility company, has begun feeding methane produced using wind power into its gas pipeline network.
ExxonMobil provides financial support for Mozambique relief
27/03/2019 by Mark
ExxonMobil has announced it will provide $300,000 in financial aid to support the relief effort in Mozambique in the wake of Cyclone Idai. This was one of the worst tropical cyclones to have ever affected…
Survey reveals positive attitude towards wind turbines
24/03/2019 by OilStoreAdministrator
People in the US who live near wind turbines prefer to keep them rather than swap them for a fossil fuel power plant or a solar installation, according to new analysis published in Nature Energy…
Britain’s premier offshore wind farm to go offline
21/03/2019 by OilStoreAdministrator
After nearly 20 years of operation, Blyth Offshore Wind Farm, which was the UK’s first wind farm situated offshore, will be decommissioned according to its operator, E.ON Energy.
Green hydrogen may be economically feasible by 2035
18/03/2019 by Richard
The production of green hydrogen may be cost-competitive with natural gas-based hydrogen by 2035, according to a new study from the Norway-based accredited registrar and classification society DNV GL.
UK government to back offshore wind power
15/03/2019 by Mark
The UK government is to provide further support for the expansion of offshore wind power. It hopes that it will be meeting about a third of the country’s electricity demand by 2030.
US oil majors raise Permian production forecasts
12/03/2019 by OilStoreAdministrator
US oil companies ExxonMobil and Chevron have both sharply raised their production forecasts for their upstream operations in the Permian Basin. They claim that improvements in drilling technology means that these operations can turn a…
Google boosts wind power efficiency with AI
09/03/2019 by Richard
Google has announced on its company blog that it has successfully managed to boost the value of its generated wind power by 20%, thanks to installing artificial intelligence (AI) algorithms in some of its facilities.
ExxonMobil makes big gas find south of Cyprus
06/03/2019 by Richard
ExxonMobil, as part of its joint venture with Qatar petroleum, has discovered a large gas field off the south coast of Cyprus.
ExxonMobil increased reserves by 4.5 Bboe over 2018
03/03/2019 by Mark
Oil giant ExxonMobil has announced that its overall gas and oil reserves over 2018 increased by 4.5 Bboe (billion barrels of oil equivalent) to, enough to cover the annual production more than three times over.
US oil production hits 12 million bpd threshold
28/02/2019 by Richard
The boom in US oil production continued apace as the country reached the 12 million barrels per day (bpd) mark in the week ending February 15, according to weekly petroleum data from the Energy Information…