OPEC report says no peak oil in sight
21/07/2025 by OilStoreAdministrator
OPEC’s latest World Oil Outlook predicts that the global demand for crude oil will rise to 123 million barrels per day (bpd) by 2050.
Shell and BP sign agreements with Libya
18/07/2025 by Mark
UK-based oil majors BP and Shell have signed agreements to work on potentially developing hydrocarbon assets in Libya, which has become Africa’s biggest oil producer.
EIA downgrades US oil production forecast
17/07/2025 by Richard
In its latest Short-Term Energy Outlook, the US Energy Information Administration (EIA) has slightly revised the expected growth of oil production in the US.
BP to sell Dutch retail sites and charging hubs
16/07/2025 by OilStoreAdministrator
Oil major BP has announced that it has agreed to sell its network of retail sites and associated fleet in the Netherlands to Catom.
Petronas announces first shipment from LNG Canada
15/07/2025 by Mark
Malaysia-based Petronas has announced the departure of the first cargo of liquefied natural gas (LNG) from its LNG Canada facility in British Columbia, Canada.
OPEC+ raises production by more than expected
14/07/2025 by Richard
In a surprise move, OPEC+ has announced that it will raise its target production level by 548,000 barrels per day (bpd) for August.
TotalEnergies widens Caribbean partnership with AES
11/07/2025 by OilStoreAdministrator
France-based energy giant TotalEnergies has built upon its LNG (liquefied natural gas) arrangement with AES in the Caribbean to now include renewable energy solutions.
Morrison’s owner joins Castrol bidders
10/07/2025 by Mark
Sky News recently reported that private equity firm Clayton Dubilier & Rice (CD&R) has joined the list of suitors to buy the Castrol business from BP.
Fuchs to celebrate 40 years as a public company
09/07/2025 by Richard
40 years after listing on the German stock markets, leading independent supplier of lubricant solutions, Fuchs SE, has celebrated its rise to becoming a global player.
Chevron provides update on carbon storage project
08/07/2025 by OilStoreAdministrator
Oil major Chevron has published details on its corporate blog about its Bayou Bend carbon storage project.
Shell to help Vodafone explore flexible energy use
07/07/2025 by Richard
Vodafone Procure & Connect has teamed up with Shell Energy Europe to explore how it could power its operations more sustainably and intelligently.
How to prevent air compressor failure
07/07/2025 by Mark
Regular inspections and maintenance are crucial to prevent air compressor failure. These important processes involve a variety of tasks ranging from cleaning and checking for oil leaks to draining excess moisture and replacing air filters,…