OPEC+ to consider further production cuts
22/11/2023 by Richard
Reuters reports three sources from within the OPEC+ group as saying that the cartel will discuss the option of making production cuts to support oil prices.
TotalEnergies publishes latest energy outlook report
21/11/2023 by OilStoreAdministrator
France-based TotalEnergies has published its Energy Outlook report for 2023.
BP to roll out generative AI to its global workforce
21/11/2023 by greg
Starting from early next year, BP will start rolling out an “intelligent AI assistant” at scale to a large portion of its
Shell engages with marine renewable technology
20/11/2023 by Mark
As part of its Marine Renewable Program, Shell Technology has agreed a number of partnerships with companies specialising in various technologies for harnessing energy from the seas and rivers.
ExxonMobil looks to become major lithium player
18/11/2023 by Katie
ExxonMobil has already begun work on producing lithium in the southwest region of Arkansas with the aim of become a leading supplier of the metal, which is vital to
Oil traders dealing in Venezuelan crude again
17/11/2023 by Richard
Despite it being mere weeks since the US temporarily lifted most of its sanctions on Venezuela, many big independent oil traders are already offering shipments of the country’s crude oil.
Iraq reaches understanding over Kurdistan oil exports
16/11/2023 by OilStoreAdministrator
Hayan Abdel Ghani, the oil minister of Iraq, has said the country expects oil exports to resume soon from the semi-autonomous region of Kurdistan through a pipeline to Turkey.
TotalEnergies commits to helping employees manage energy transition
15/11/2023 by Mark
TotalEnergies has come to an agreement with representatives of trade unions that will see 35,000 employees within the company’s home country, France, receive help in navigating their personal energy transitions.
Chevron CEO commits to lowering carbon intensity
15/11/2023 by greg
The CEO and Chairman of Chevron, Mike Wirth, has said the US-based oil major has earmarked $10 billion up to 2028 to invest in
Aberdeenshire businesses gain access to Shell LiveWIRE
14/11/2023 by Richard
Businesses in Aberdeen and Aberdeenshire are to get access to Shell LiveWIRE ahead of a larger rollout to the west of Scotland.
BP brings Seagull tieback online
13/11/2023 by OilStoreAdministrator
UK-based energy giant BP has announced that it has successfully initiated production in the Seagull field.
BP leverages AI to improve product availability
12/11/2023 by Mark
Oil major BP has come to an agreement alongside Relex Solutions, a specialist in supply chain management, to increase the availability of products while minimising food waste.