Guyana extends deadline for licensing round
20/04/2023 by Richard
The Government of Guyana, which has recently become a hotspot for oil discoveries, has announced a three-month extension to the deadline for bids in the country’s first-ever round for offshore licenses.
BP’s Argos platform begins production
19/04/2023 by Mark
UK-based energy giant BP has announced that its Argos platform in the Gulf of Mexico has successfully begun producing crude oil.
Non-OPEC countries to drive oil production growth
19/04/2023 by OilStoreAdministrator
In its latest Short Term Energy Outlook, the US Energy Information Administration (EIA) has pointed to greater growth in crude oil production from non-OPEC countries this year.
EIA still expects crude oil surplus
17/04/2023 by Richard
Despite the recent surprise cut in production from the OPEC+ group of countries, the US Energy Information Administration (EIA) has said
BP buys 40% interest in carbon capture project
16/04/2023 by Katie
UK-based energy major BP has purchased a 40% stake in the Viking CCS project in order to boost its
OEUK calls for policies to attract North Sea investment
14/04/2023 by OilStoreAdministrator
Offshore Energies UK (OEUK), an industry body representing the UK’s offshore energy sector, has issued a warning regarding
Shell produced more gas than expected in first quarter
13/04/2023 by greg
The share price of UK-based energy major Shell received a modest boost on news that it believes it has produced more natural gas than expected in the first quarter of the year.
UN supertanker sets sail to avert Red Sea spill
13/04/2023 by Mark
A very large crude carrier (VLCC) has departed from Zhoushan, China on a mission to transfer around a million oil barrels from FSO Safer. FSO Safer is a supertanker that has been moored offshore of…
Iraq to hold 30% stake in TotalEnergies’ projects
10/04/2023 by Mark
Some $27 billion worth of projects in Iraq came a step closer to realisation when the Iraqi Government agreed to
OPEC+ makes unexpected production cut
10/04/2023 by OilStoreAdministrator
The OPEC+ group has surprised the markets by announcing a sizeable cut in overall production, with oil prices increasing on news of the move.
Shell to split up low-carbon and renewables business
06/04/2023 by Richard
The new CEO of Shell, Wael Sawan, is looking to improve the company’s performance by regionally dividing the low-carbon and renewables division of the company.
TotalEnergies and partners drill new Shetland well
05/04/2023 by OilStoreAdministrator
As part of its Greater Laggan Area joint venture in Shetland, TotalEnergies and its partners have begun drilling a significant new exploration well that could see the venture still producing gas at the end of…