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…
OPEC+ stays course on production increases
13/07/2022 by Richard
At its latest meeting, the OPEC+ group of oil-producing nations agreed to stick with its existing plan for gradual production increases. The group will therefore increase its total production by 648,000 barrels
India pushes for oil and gas exploration
12/07/2022 by Mark
According to the Economic Times, India is seeking to bolster its domestic production of oil and gas by making a concerted effort to explore the Andaman deep-water basin, which lies in the north-western portion of
US considers further release from strategic oil reserves
09/07/2022 by Katie
Amos Hochstein, a Whitehouse special envoy and the coordinator for international energy affairs, has said the United States is considering further releases of crude oil from
UAE and Saudi Arabia close to maximum production capacity
08/07/2022 by Richard
The OPEC+ production deal may be destined to end, as it is becoming clear that the participating countries are reaching their natural limits for