Oil to become biggest US export
27/10/2023 by OilStoreAdministrator
Crude oil is set to become the United States’ largest single export product for the first time in the country’s history, as it secures its place as the world’s biggest oil producer.
Shell CEO reaffirms net-zero target
27/10/2023 by Katie
Wael Sawan, the chief executive officer of UK-based oil major Shell, has reinforced his company’s commitment to becoming a net-zero business by 2050, but says that the way it will get there has changed. Sawan…
TotalEnergies to embrace agrivoltaic technology
26/10/2023 by Richard
Following its recent acquisition of Ombrea, a leading pioneer of agrivoltaics in France, TotalEnergies has begun promoting the benefits of the technology.
Shell publishes fleet decarbonisation report
25/10/2023 by Mark
Shell’s business mobility arm, Shell Fleet Solutions, has published a new report that discusses the practical steps that fleet managers can take to decarbonise their fleets in a cost-effective manner.
Crude prices and well productivity to drive US gas production
24/10/2023 by OilStoreAdministrator
The combination of relatively high prices for crude oil and improved well productivity in the Permian Basin is to drive further growth of the natural gas produced in the US.
Venezuela could boost crude oil production
24/10/2023 by greg
Following an easing of sanctions by the US against Venezuela, a number of analysts polled by Bloomberg have come to the conclusion that the country could increase its production of crude oil by 25%, potentially…
Saudi Aramco has 3 million bpd in spare capacity
23/10/2023 by Richard
Amin Nasser, the CEO of state-owned oil giant Saudi Aramco, has said that the company has spare production capacity of 3 million barrels per day (bpd).
Seagreen offshore wind farm comes online
21/10/2023 by Mark
Scotland’s largest offshore wind farm, Seagreen in the Firth of Forth about 17 miles off the Angus coast, is now operational according to
US oil production hits new weekly record
20/10/2023 by Mark
The US Department of Energy has announced that the weekly production of crude oil in the US hit a new record of 13.2 million barrels per day (bpd) in the first week of October.
BP confirms climate and financial targets
19/10/2023 by OilStoreAdministrator
At an investors’ day hosted in Denver, Murray Auchincloss, temporary Chief Executive Officer of BP, stated that the company’s carbon-reduction and financial goals remain a priority for the company.
US Government allocates $7 billion in hydrogen grants
18/10/2023 by Richard
As part of an effort to help industries to decarbonise, the US Government has announced grants worth a total of $7 billion for seven regional hydrogen-production hubs.
Shell to supply energy to Hydro
18/10/2023 by Katie
Norsk Hydro ASA (Hydro) has agreed with Shell Energy UK to buy 56 GWh of renewably generated electricity and 144 GWh of natural gas to help it decarbonise its UK operations.