Trading earnings doubled for Shell last year
18/03/2021 by Richard
According to a report from oil major and lubricant producer Royal Dutch Shell, the company’s trading division doubled its earnings to
Libya aims to raise oil production this year
14/03/2021 by Mark
Speaking to Bloomberg Television in an interview, Mustafa Sanalla, the Chairman of Libya’s National Oil Corporation (NOC), said the country is aiming to increase its oil production to 1.45 million barrels per day
Total’s CEO predicts oil prices
13/03/2021 by Richard
The Chief Executive Officer of Total, Patrick Pouyanne, said on the BFM Business radio station that he does not
US oil production to stay below pre-pandemic levels
12/03/2021 by OilStoreAdministrator
Vicki Hollub, the CEO of the international energy company Occidental, has said that she doesn’t expect US oil production to return to the same level it was
ExxonMobil targets higher earnings and dividends
10/03/2021 by Mark
Before its investor day, US oil major ExxonMobil announced that it expects its focus on profitable, high-return projects to result in its investments generating returns in
Petronas and Total look to low-carbon oil production
08/03/2021 by Richard
Attendees at the IHS Markit virtual conference were told that oil companies Petronas and Total are seeking to continue upstream oil production, but with lower
ExxonMobil to sell some North Sea assets
06/03/2021 by OilStoreAdministrator
US-based oil major ExxonMobil has announced it has agreed to sell the majority of its non-operated upstream North Sea assets to NEO Energy, which is
Cold weather affects US oil production
24/02/2021 by Richard
With Texas facing its coldest weather in three decades, US oil production has been hampered as operators deal with the consequences of the
Shell publishes global warming scenario
22/02/2021 by OilStoreAdministrator
Energy company Shell has published its ambitious pathway for the world to restrict global warming to 1.5°C, which concurs with the Paris Agreement’s goal of keeping global warming
OPEC+ oil production cuts likely to stay for now
20/02/2021 by Mark
Speaking at a press conference, Ihsan Abdul-Jabbar, Iraq’s oil minister, hinted that when the OPEC+ group meets next month, it will probably agree to maintain the current levels of production throughout April this year. He…
Total predicts supply crunch in 2025
18/02/2021 by Richard
French-based oil major Total has said that the world may experience a shortfall of about 10 million barrels per day (bpd) in the supply of crude oil due to underinvestment in oil exploration and production,…
Shell says it hit peak oil production in 2019
16/02/2021 by OilStoreAdministrator
Anglo-Dutch oil major Shell has announced that it hit its peak production in 2019, and it only expects it to decline slightly each year as the company increasingly diversifies into