Iraq signals no more OPEC+ cuts in June
19/05/2023 by OilStoreAdministrator
Hayan Abdel-Ghani, the oil minister of Iraq, has given the first hint about what the OPEC+ group may decide to do when it meets next month to discuss production levels.
Equinor and BP to proceed with Teesside freeport plans
18/05/2023 by Katie
Energy majors BP and Equinor have signed an agreement to lease a 100-acre site for a power plant powered by gas fire at the Teesworks freeport. This is after having a clause inserted to provide
US could start refilling oil reserve next month
18/05/2023 by Richard
Speaking at a congressional hearing, Jennifer Granholm, the US Energy Secretary, has said that plans to proceed with refilling the country’s Strategic Petroleum Reserve (SPR) could begin as soon as next month once a sale…
Ithaca buys Cambo stake from Shell
17/05/2023 by Mark
The development of the Cambo gas and oil field moved a step closer following a deal between Shell and Ithaca Energy to sell the latter a 30% interest in the field.
Wind power outperforms gas in first quarter
16/05/2023 by OilStoreAdministrator
In the first three months of this year, wind farms generated more power than gas-fired power stations according to new figures published by Drax.
Red Bull F1 driver credits ExxonMobil technology
15/05/2023 by Richard
Sergio Perez, a driver for the Red Bull Formula One team and teammate of reigning world champion Max Verstappen, has praised ExxonMobil’s contribution to the team’s strong start in the 2023 Formula One season.
Shell distributor in Ghana promotes circular economy
13/05/2023 by greg
The distributor and marketer of Shell-branded lubricants and fuels in Ghana, Vivo Energy, recently celebrated Earth Day by teaching students in Ghana about how they can fund their basic needs by earning revenue from
Texaco manager discusses off-road challenges
12/05/2023 by OilStoreAdministrator
Eddy Devriese, the Europe OEMs manager for Texaco Lubricants, has given an interview in which he discusses the challenges facing off-road operations like mining and construction and what Texaco is doing to help overcome these…
WTI Midland to be added to Brent benchmark
11/05/2023 by Richard
The Brent Crude benchmark is about to undergo a historic change by having the first crude oil from outside the North Sea added to its basket.
What is the difference between automatic and manual transmission fluid?
11/05/2023 by Mark
While automatic and manual transmission fluids are both lubricants used in automotive vehicles, they differ in the complexity of the roles they perform. Understandably, automatic transmissions are far more
A billion in windfall taxes paid by BP so far
10/05/2023 by marc-claude_ghibert
Speaking to Bloomberg, BP’s Chief Financial Officer, Murray Auchinclos, said his company had paid about $300 million under the UK’s windfall tax, which is formally known as the Energy Profits Levy (EPL), in the first…
ExxonMobil gets environmental approval for new Guyana project
10/05/2023 by OilStoreAdministrator
Guyana’s environmental protection agency has given final approval for the Uaru project, paving the way for the Exxon-led consortium to begin work on the project once the public comment period has successfully concluded.