A programme of feasibility testing has begun for a new tool developed by Clearwell Technology that promises to radically reduce the cost of decommissioning oil and Continue reading New decommissioning tool begins tests
Markets may see more crude from Venezuela and Iran
According to various sources, the United States may ease sanctions on Iran and Venezuela to allow more crude oil to Continue reading Markets may see more crude from Venezuela and Iran
Castrol showcases carbon-neutral automobile workshop
Together with car maintenance firm German Experts, Castrol has announced the first automobile workshop in the Middle East to become Continue reading Castrol showcases carbon-neutral automobile workshop
OPEC+ agrees to boost production
At a meeting of ministers from 13 OPEC member countries and 10 associated non-OPEC countries, the OPEC+ group decided to advance its timetable for increasing crude oil production. Output had been planned to rise by 400,000 barrels per day (bpd) in July and August, but it will now rise by Continue reading OPEC+ agrees to boost production
Shell gets go ahead for Jackdaw field
UK regulators have given approval for Shell to develop the Jackdaw gas field, which could potentially produce about 6.5% of the UK’s Continue reading Shell gets go ahead for Jackdaw field
Start-ups join TotalEnergies’ accelerator
TotalEnergies has inaugurated its new start-up accelerator, named TotalEnergies On, and welcomed the Continue reading Start-ups join TotalEnergies’ accelerator
Prologis and Britishvolt team up for battery scale-up facilities
In what could potentially help ensure the future of the UK automotive industry, battery firm Britishvolt has teamed up with Prologis, a real estate and logistics company, to establish a new facility in the West Midlands to Continue reading Prologis and Britishvolt team up for battery scale-up facilities
Oil production in Permian to grow faster than in Iraq
According to new research from Rystad Energy, oil production in the United States’ prolific Permian Basin will grow Continue reading Oil production in Permian to grow faster than in Iraq
OPEC asked by G7 to raise output
Following a meeting in Germany of the G7’s environment and energy ministers, the group has, in the meeting’s final communique, urged OPEC and other oil and gas producers to Continue reading OPEC asked by G7 to raise output
Iraq plans to boost oil output to five million bpd
The second-largest oil producer in OPEC, Iraq, is planning to increase its oil production from the current 4.8 million barrels per day (bpd) to 5 million bpd by 2025, according to Continue reading Iraq plans to boost oil output to five million bpd