Following a string of oil discoveries offshore of Guyana, including five so far this year, Guyana is set to become what would likely be the 17th-largest oil producer in the world, based just on projects being currently Continue reading Guyana set to become top-20 oil-producing country
Leading lubricant maker Castrol has recruited LMCA – which, according to its website, seeks to use licensing to build long-term relevance for Continue reading Castrol appoints LMCA for global licensing programme
The UK-based Clean Planet Energy and energy company BP have come to an agreement to supply and purchase feedstock and ultra-low sulphur diesel (ULSD) derived from Continue reading BP signs 10-year contract for recycled feedstock
The US Department of Energy (DoE) has unveiled a new plan to encourage greater domestic US oil production by signalling to operators that it will purchase crude oil in Continue reading US to buy crude to encourage greater production
Energy giant BP and EnBW have chosen Ventus International as the contract resource provider for their UK offshore wind projects, which together will Continue reading BP and EnBW choose Ventus for offshore wind projects
The small South American nation of Guyana, which currently has the world’s fastest growing economy, is planning to avoid the curse that often accompanies the discovery of oil wealth by transforming into a Continue reading Guyana to use oil wealth to transform economy
British-based energy major BP has said it will invest £18 billion in UK projects over the coming eight years, including oil and gas Continue reading BP pledges billions in UK investment
US-based oil major Chevron has announced that it is raising its targeted daily production in the Permian Basin to 725,000 barrels per day (bpd) of crude oil, a 15% increase on last year, compared to the 10% increase that had previously been announced. The Permian Basin makes up a significant proportion of total US crude oil production at Continue reading Chevron further raises Permian production target
In its report titled Global Energy Perspective 2022, global management consulting company McKinsey & Company said that the demand for crude oil could peak within two to five years, being driven by a drop in the use of petrol and diesel Continue reading Demand for oil could peak in just few years
US-based oil major ExxonMobil has continued its run of discoveries offshore of Guyana with three new finds, resulting in it raising its estimate for recoverable oil and gas in Continue reading ExxonMobil makes three new Guyana discoveries
