ExxonMobil looks to become major lithium player
18/11/2023 by Katie
ExxonMobil has already begun work on producing lithium in the southwest region of Arkansas with the aim of become a leading supplier of the metal, which is vital to
Oil traders dealing in Venezuelan crude again
17/11/2023 by Richard
Despite it being mere weeks since the US temporarily lifted most of its sanctions on Venezuela, many big independent oil traders are already offering shipments of the country’s crude oil.
Iraq reaches understanding over Kurdistan oil exports
16/11/2023 by OilStoreAdministrator
Hayan Abdel Ghani, the oil minister of Iraq, has said the country expects oil exports to resume soon from the semi-autonomous region of Kurdistan through a pipeline to Turkey.
Chevron CEO commits to lowering carbon intensity
15/11/2023 by greg
The CEO and Chairman of Chevron, Mike Wirth, has said the US-based oil major has earmarked $10 billion up to 2028 to invest in
BP brings Seagull tieback online
13/11/2023 by OilStoreAdministrator
UK-based energy giant BP has announced that it has successfully initiated production in the Seagull field.
Petronas discovers oil offshore of Suriname
09/11/2023 by Katie
The Malaysian state-owned energy company Petronas has discovered oil within the Roystonea-1 well while exploring Block 52 offshore of Suriname.
US crude production above pre-pandemic levels
09/11/2023 by Mark
According to recent data from the US Energy Information Administration, the production of crude and condensate in the United States surpassed pre-pandemic levels in August.
Shell meets profit expectations
08/11/2023 by OilStoreAdministrator
Shell has posted its third-quarter earnings, and with them being roughly in line with analysts’ expectations, it has avoided the drop in share price that BP experienced after it recently announced disappointing financial results.
BP boss plays down talk of a takeover
06/11/2023 by greg
Murray Auchincloss, the acting CEO of energy giant BP, has dismissed speculation that his company could be
Equinor increases oil production by 13%
03/11/2023 by Richard
The state-owned Norwegian energy company Equinor has reported that its oil production in the third quarter of this year increased by 13% compared to the same period last year.
Exxon and Chevron post lower-than-expected profits
03/11/2023 by Mark
Both Chevron and ExxonMobil have posted profits for the third quarter that were below market expectations, amid a backdrop of
EIA: Limited scope for increased Venezuelan oil production
02/11/2023 by Mark
The US Energy Information Administration has released an assessment of how crude oil production may increase in Venezuela.