BP confirms windfall tax will not affect UK investment
27/07/2022 by OilStoreAdministrator
Energy major BP has clarified its investment plans for the North Sea by saying that they will not be negatively affected by the energy profits levy that was introduced by Rishi Sunak, the
Production resumes at El Feel oil field in Libya
26/07/2022 by Richard
According to the National Oil Corporation (NOC), Libya’s state-owned oil company, production has resumed at the El Feel oilfield, ending a
Permian production to hit new record in August
25/07/2022 by Mark
According to the latest productivity report from the US Energy Information Administration (EIA), crude oil production in the Permian Basin will hit a new record of 5.445 million barrels per day (bpd) in August, a…
Shell to investigate supply of liquid hydrogen
24/07/2022 by greg
Together with ENGIE, Anthony Veder and Vopak, Shell has made a deal to investigate whether it will be feasible to produce green hydrogen in Portugal and then liquefy it for transport to the Netherlands for…
Libya lifts production force majeure
22/07/2022 by OilStoreAdministrator
The National Oil Company (NOC) of Libya has lifted its force majeure – which enables a firm to use unforeseen developments to escape contractual obligations – on the country’s ports and
Saudi Arabia announces oil production capacity increase
21/07/2022 by Richard
Speaking to other Arab leaders at a summit, and following his meeting with US President Joe Biden, Crown Prince Mohammed bin Salman announced that Saudi Arabia plans to increase its capacity to produce crude oil…
Suncor plans to reduce emissions while increasing production
21/07/2022 by Mark
Canada-based Suncor has unveiled plans to increase its oil production while still reducing its emissions as part of
Shell invests billions in recycled and low-carbon production
20/07/2022 by Mark
Energy giant Shell has announced billions of investment in its Shell Chemicals Park Moerdijk in the Netherlands to support the transition to recycling more materials and
Morris Lubricants team to undertake cycling challenge
18/07/2022 by Katie
Four employees of Shrewsbury-based Morris Lubricants, a manufacturer of oils and other lubricants, are set to take part in a cycling challenge to raise money for Hope House and Tŷ Gobaith, a provider of specialist…
MAN ES approves new Castrol cylinder oil
15/07/2022 by greg
Castrol has announced that it has received a No Objection Letter (NOL) from MAN ES for its
Albanian discoveries could change Europe's energy future
15/07/2022 by Mark
Speaking to journalists, Edi Rama, the Prime Minister of Albania, said that Shell is on the verge of announcing the discovery of substantial oil and gas reserves in Albanian territory, possibly having positive implications for
AEC head praises East African pipeline project
14/07/2022 by OilStoreAdministrator
While the project to build the East African Crude Oil Pipeline (EACOP) has been criticised by some groups over environmental concerns, the head of the African Energy Chamber (AEC) has praised the project as helping…