‘World’s largest’ factory for plastic recycling to be built in Germany

The factory will use Biofabrik’s ‘WASTX Plastic’ process that converts plastic waste into synthetic crude oil

OLCV announces ‘world’s first shipment of carbon-neutral oil’

The Occidental subsidiary says the transaction is a step in the right direction to achieving ‘net zero oil’

Total to set sail with LNG-powered crude carriers

The LNG powered-vessels are capable of carrying up to 300,000 tonnes of fuel and could reduce up to 85% of nitrogen oxide emissions

ExxonMobil granted US Strategic Petroleum Reverse lease

The Department of Energy said ExxonMobil Pipeline Company (EMPCo) has signed a 20-year lease to operate the St James Marine terminal and Bayou Choctaw 36-inch Pipeline

BP hit with £400k fine after oil spill in Shetland

Around 3.8 tonnes of ‘extremely flammable, unstabilised crude oil’ spilled on to the ground at Sullom Voe Terminal in December 2012

The Crude Oil Outlook for 2019

Throughout 2018, many market analysts found the price of oil difficult to predict, with economic and political events confounding market expectations and leading to inaccurate predictions

US grants $39m to improve oil and gas technologies

One of the projects being granted funding aims to enhance the potential for oil recovery

US crude oil production hit new record in 2018

Production in December last year was the highest monthly level seen in US history

US surpasses Saudi Arabia as world’s top crude oil producer

The trend is expected to continue for the rest of the year as well as through 2019

China ‘key destination for boosting US energy exports’

Last year, more crude oil was sent to the East Asian nation than any other destination