TotalEnergies joins IRU
15/12/2022 by greg
France-based energy major TotalEnergies has become the latest corporate member of the International Road Transport Union (IRU) in order to broaden its engagement with potential allies and help achieve its environmental goals.
Equinor, BP and Ithaca sign MoU for North Sea electrification
12/12/2022 by Katie
Three producers of oil and gas in the North Sea have signed a Memorandum of Understanding (MoU) to explore options for electrifying a number of fields off the
Shell acquires stake in Blue Tide Environmental
12/12/2022 by Mark
Through its Pennzoil-Quaker State Company subsidiary, energy major Shell has acquired a 49% stake in Blue Tide Environmental, a US company that is seeking to establish a
TotalEnergies joins Castor Initiative
09/12/2022 by Mark
Energy giant TotalEnergies has thrown its weight behind using ammonia as an alternative marine fuel by joining the multinational Castor Initiative coalition.
TotalEnergies signs MoU with Air France-KLM
09/12/2022 by Richard
The Air France-KLM Group, which resulted from the merger between the French and Dutch national airlines, has signed a Memorandum of Understanding (MoU) with TotalEnergies to purchase some 800,000 tonnes of sustainable aviation fuel over…
OPEC+ maintains current production quotas
08/12/2022 by OilStoreAdministrator
At its latest OPEC and non-OPEC Ministerial Meeting, the OPEC+ group decided to maintain its current production policy amid developments in China and the introduction of a price cap on Russian crude oil. The group…
ADNOC board agrees to accelerate production increases
05/12/2022 by Richard
A meeting of the Abu Dhabi National Oil Company’s (ADNOC) board has approved a plan to bring forward an increase in the company’s oil production capacity by three years.
Guyana awards oil-marketing contract to BP
03/12/2022 by Katie
BP has won the contract to market the Guyanese state’s portion of the crude oil being produced at two offshore platforms in the country’s waters, with it replacing a trading unit of Saudi Aramco as…
Chevron gets go ahead to resume Venezuela operations
02/12/2022 by OilStoreAdministrator
US-based major Chevron has received a six-month license from the US Office of Foreign Assets Control (OFAC) to resume oil production in Venezuela following talks between the various political factions in the country.
US Government approves new oil export terminal
01/12/2022 by Mark
The Maritime Administration of the US Department of Transportation has approved a new project that will see the country’s biggest oil export terminal built about 30 miles off the coast of Texas.
Goldman Sachs cuts forecast for oil prices
29/11/2022 by Richard
Investment bank Goldman Sachs has revised down its prediction for oil prices in the near future by $10, with it now expecting them to reach $100 per barrel.
US may authorise Chevron to expand Venezuela operations
28/11/2022 by OilStoreAdministrator
Reuters reports three sources familiar with the matter as saying that Chevron could gain authorisation to massively expand its Venezuelan operations should the government there restart political talks with opposition parties.