New initiative aims to automate offshore tank cleaning
22/08/2025 by Mark
SBM Offshore and Ambipar have announced a new project to develop a robotic solution for cleaning the tanks of
BP reports stronger than expected quarter
18/08/2025 by Richard
UK-based oil major BP has announced its results for the second quarter, with them being ahead of analysts’ expectations.
ExxonMobil announces more production offshore of Guyana
15/08/2025 by OilStoreAdministrator
Guyana in South America has received a boost to its oil-producing capacity, with the announcement that ExxonMobil’s Yellowtail project has started production.
Fuchs reports challenging environment for first half
14/08/2025 by Mark
Reporting its results for the first half of 2025, Fuchs SE has pointed to challenging market conditions during the period.
Kluber to attend Lubricant Expo 2025
13/08/2025 by Richard
Those attending this year’s Lubricant Expo will be able to benefit from the expertise of Kluber Lubricants, a leading maker of speciality lubricants.
Board at Chevron gains key new member
12/08/2025 by OilStoreAdministrator
Oil major Chevron has announced that John B. Hess has joined its board of directors.
OPEC+ subgroup proceeds with production increases
11/08/2025 by Mark
The eight OPEC+ participants involved in voluntary production cuts have announced a further rewinding of those cuts, putting downward pressure on oil prices.
Chevron to triple-frac almost half of Permian wells
08/08/2025 by Richard
US oil major Chevron says it expects to use “triple-frac” technology on nearly half of its new wells in the Permian Basin this year.
Petronas widens collaboration with Microsoft
07/08/2025 by OilStoreAdministrator
Tech giant Microsoft has extended its collaboration with Petronas to cover the artificial intelligence (AI) ecosystem through the signing of a new memorandum of understanding (MoU).
TriGen proposes profitable way of decarbonising gas and oil
06/08/2025 by Mark
Writing in Innovation News Network, TriGen CEO Pieter Kapteijn has outlined an economically viable strategy whereby gas and oil production can be decarbonised.
TotalEnergies announces startup of Angola projects
05/08/2025 by Richard
France-based TotalEnergies has announced that two new offshore projects have begun production in Angola.
TotalEnergies increases investment in sustainable forestry
04/08/2025 by OilStoreAdministrator
Energy giant TotalEnergies has announced a new agreement with a project developer based in Arkansas in the US to protect forests as carbon sinks.