Libya oil production back to pre-dispute levels
21/10/2024 by Richard
Oil production in Libya has been restored to 1.3 million barrels per day (bpd) following the resolution of a political dispute over the Libyan central bank’s next governor.
TotalEnergies charters new LNG vessel
18/10/2024 by OilStoreAdministrator
France-based TotalEnergies has agreed to a contract with Ibaizabal, a ship owner based in Spain, to charter a new liquefied natural gas (LNG) bunker vessel.
Petronas celebrates 50th anniversary with F1 team visit
17/10/2024 by Mark
Malaysia-based oil and lubricant company Petronas has celebrated its 50th anniversary by welcoming the Mercedes–AMG Petronas Formula 1 team to the iconic Petronas Twin Towers in Kuala Lumpur.
ExxonMobil looking to boost Guyana production
16/10/2024 by Richard
Alistair Routledge, ExxonMobil’s country manager for Guyana, has told a press conference that the company is looking to boost its production.
Chevron to implement wearable tech to protect workers
15/10/2024 by OilStoreAdministrator
Together with Epicore Biosystems, Chevron has trialled using a skin patch to help its frontline workers stay healthy by monitoring their hydration levels.
BP to focus more on gas and oil production
14/10/2024 by Mark
Reuters reports that three sources have told it that BP is due to unveil a new strategy, whereby it will pivot back towards its traditional gas and oil business.
Hess's merger with Chevron passes antitrust review
11/10/2024 by Richard
US-based oil major Chevron has announced that the company’s merger with fellow US-based oil company Hess has passed an antitrust review.
TotalEnergies gives green light to Suriname development
10/10/2024 by OilStoreAdministrator
France-based TotalEnergies has announced that it and its partner APA Corporation have made a final investment decision for the Block 58 GranMorgu development offshore of Suriname.
BP agrees to develop Azerbaijan gas field
09/10/2024 by Mark
A BP-led consortium has come to an agreement with Socar, the state-owned oil company of Azerbaijan, to develop a new gas field in the Caspian Sea.
OPEC+ to increase production in December
08/10/2024 by Richard
Reuters quotes sources from OPEC+ as saying that the organisation will proceed with some increases in the production of crude oil from December.
E-Lyte and Fuchs open electrolyte production plant
07/10/2024 by OilStoreAdministrator
Fuchs, a leading provider of lubricant solutions, and E-Lyte, a former start-up, have come together to open the first facility in Germany for producing electrolyte solutions.
Choosing the right industrial cleaner
06/10/2024 by Mark
A steady supply of industrial cleaner is a requirement for every sector, including manufacturing, marine, renewable energy and oil and gas production.