JLR leaning toward building UK battery plant
25/05/2023 by Mark
The BBC reports that the owner of Jaguar Land Rover (JLR), Tata, is leaning towards building a new battery plant in the UK at Somerset’s Gravity business park.
Shell complements deep sea exploration with AI technology
24/05/2023 by marc-claude_ghibert
Energy giant Shell has done a deal with SparkCognition, which specialises in big-data analytics, to use its AI-based technology in its exploration and production activities.
UK carmakers warn about post-Brexit trade rules
24/05/2023 by OilStoreAdministrator
Automotive companies Ford and Stellantis have warned that changes will be required to the trading rules with the European Union if their UK manufacturing facilities are to continue being economically viable.
Venezuela to reinvigorate oil production
23/05/2023 by Richard
Reuters reports that the new management team at PDVSA, the state-owned oil company of Venezuela, is planning to increase its oil production to 1.17 million barrels per day (bpd) by the end of this year.
TotalEnergies preparing to implement Iraq projects
22/05/2023 by Mark
France-based energy giant TotalEnergies is reportedly engaging with the Basrah Oil Company of Iraq, which is state owned, to agree some key contracts ahead of
Castrol launches Fastscan app for independent workshops
21/05/2023 by marc-claude_ghibert
Leading lubricant brand Castrol has released a new app to reward the owners of independent workshops when they make qualifying purchases of Castrol products.
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.