BP to increase its presence in Middle East
14/12/2020 by OilStoreAdministrator
Despite its plans to transition to more green energy generation, BP has announced it intends to invest more in oil and gas operations in
New IOGP director appointed
12/12/2020 by Mark
A leader in the oil and gas upstream industry, Iman Hill, has been appointed – effective immediately – as the new Executive Director of the
OPEC+ group agrees modest production increase
10/12/2020 by Richard
The recent OPEC+ meeting concluded with a compromise that will see it participants begin to slowly ramp up production again from
US oil production on the rise
08/12/2020 by OilStoreAdministrator
According to the new monthly report from the US Energy Information Administration (EIA), oil production in the US is rising once more, although it still has some way to go before it reaches
Nynas comes out of court-supervised reorganisation
06/12/2020 by Richard
Sweden-based refiner Nynas is set to finish its
Oil prices edge higher on vaccine news
02/12/2020 by OilStoreAdministrator
The promising news that at least three COVID-19 vaccines look likely to be highly effective has fed into a rise in oil prices as investors begin to see
Total commits further to reducing methane emissions
30/11/2020 by Richard
France-based oil major Total has extended its commitment to reducing its methane emissions by joining the second phase of the
Libya returns to pre-blockade production levels
28/11/2020 by Mark
The OPEC+ group is facing a further challenge with Libya’s return to 1.25 million barrels per day (bpd) of production – the same level it had before General Khalifa Haftar’s Libyan National Army enforced an…
OPEC+ strongly adhering to production cuts
20/11/2020 by Richard
Reuters reports three sources from the OPEC+ group as saying that compliance with the current production cuts was at 101% in April, indicating a good level of
OPEC could extend or deepen cuts into 2021
18/11/2020 by OilStoreAdministrator
According to Abdelmadjid Attar, the energy minister of Algeria, the OPEC+ group may consider extending its cuts well into 2020, possibly even deepening them if
Hudson Energy to be rebranded by Shell
16/11/2020 by Mark
Shell Energy is set to absorb the gas and electricity supplier Hudson Energy into
Lubricant expert wins award
14/11/2020 by Richard
Tribology covers the science of interacting surfaces in relative motion, and advances made in the field have led to better lubricants and more reliable and efficient machinery. Dr Robert Ian Taylor has recently been honoured…