The local subsidiaries of energy majors Shell and TotalEnergies have finalised an agreement with Oman to explore the country’s onshore Block 11 and share any subsequent production. Continue reading Oman agrees exploration deal with TotalEnergies and Shell
Global oil production rose by 790,000 bpd in August
According to the latest Oil Market Report from the International Energy Agency (IEA), the world’s production of crude oil rose by 790,000 barrels per day (bpd) in August, driven by increased production in Libya, Saudi Arabia, and the UAE. Continue reading Global oil production rose by 790,000 bpd in August
Shell announces successor to van Beurden
The UK-based energy giant Shell has confirmed recently reported rumours that longstanding CEO Ben van Beurden is to step down, and his successor has also been announced. Continue reading Shell announces successor to van Beurden
Permian Basin oil production to set new record
In its latest Drilling Productivity Report, the Energy Information Administration (EIA) has predicted that crude oil production in the prolific Permian Basin will Continue reading Permian Basin oil production to set new record
FUCHS completes partnership with DMG MORI
Leading lubricant maker FUCHS has completed its partnership with DMG MORI, a specialist maker of machine tools, by signing a contract between the two companies’ American subsidiaries. Continue reading FUCHS completes partnership with DMG MORI
Rachel Eade appointed as new UKMC chair
The UK Metals Council (UKMC) has appointed Rachel Eade MBE as its new chairperson, the first time a woman has led the organisation in its 20-year history. Continue reading Rachel Eade appointed as new UKMC chair
UK lifts moratorium on fracking
In an effort to boost the domestic supply of energy, the UK’s incoming Prime Minister, Liz Truss, has announced the end of a ban on hydraulic fracturing, opening the way for projects to proceed in areas where there is support in the community for it. Continue reading UK lifts moratorium on fracking
Shell and Kongsberg to work together on marine decarbonisation
Kongsberg subsidiary Kongsberg Digital has signed a Memorandum of Understanding (MoU) with energy major Shell for collaborative action aimed at supporting and accelerating decarbonisation in the marine sector. Continue reading Shell and Kongsberg to work together on marine decarbonisation
Lithium-processing plant gets Government funding
In what could be a significant move for the UK automotive sector, the UK’s national innovation agency has awarded funding for Cornish Lithium to build a demonstration-scale plant for processing lithium. Continue reading Lithium-processing plant gets Government funding
EV demand drives rise in new vehicle sales
Thanks to a substantial increase in the demand for electric vehicles (EVs), registrations of new cars rose by 1.2% year-on-year in August, Continue reading EV demand drives rise in new vehicle sales