UN supertanker sets sail to avert Red Sea spill
13/04/2023 by Mark
A very large crude carrier (VLCC) has departed from Zhoushan, China on a mission to transfer around a million oil barrels from FSO Safer. FSO Safer is a supertanker that has been moored offshore of…
New car market grows for eighth month in a row
12/04/2023 by Mark
The UK automotive sector continued its post-pandemic recovery with an eighth successive month of growing new car registrations.
Texaco launches Delo 400 XSP SAE 5W-20 engine oil
11/04/2023 by Richard
Texaco Lubricants has launched a new high-performance, heavy-duty synthetic engine oil in the form of Texaco Delo 400 XSP SAE 5W-20. Texaco claims the new oil offers
Iraq to hold 30% stake in TotalEnergies’ projects
10/04/2023 by Mark
Some $27 billion worth of projects in Iraq came a step closer to realisation when the Iraqi Government agreed to
OPEC+ makes unexpected production cut
10/04/2023 by OilStoreAdministrator
The OPEC+ group has surprised the markets by announcing a sizeable cut in overall production, with oil prices increasing on news of the move.
Surge in orders reported by UK firms
07/04/2023 by Katie
According to the Institute of Directors (IoD), firms in the UK saw an overall improvement in growth over the first quarter, suggesting the economy is faring better than expected.
BP/Equinor power plant shortlisted for government support
07/04/2023 by Mark
An industrial-scale gas-fired power plant that will employ carbon capture and storage (CCS) to mitigate its emissions has been shortlisted to receive UK Government support.
Shell to split up low-carbon and renewables business
06/04/2023 by Richard
The new CEO of Shell, Wael Sawan, is looking to improve the company’s performance by regionally dividing the low-carbon and renewables division of the company.
TotalEnergies and partners drill new Shetland well
05/04/2023 by OilStoreAdministrator
As part of its Greater Laggan Area joint venture in Shetland, TotalEnergies and its partners have begun drilling a significant new exploration well that could see the venture still producing gas at the end of…
UK car production sees welcome rise
04/04/2023 by greg
Car manufacturing in the UK rose to 69,707 units in February, a year-on-year rise of 13.1%. According to new data from the Society of Motor Manufacturers and Traders (SMMT), both domestic and overseas demand has…
ExxonMobil expands refinery to handle Permian output
04/04/2023 by Mark
US oil major ExxonMobil has become the latest organisation to announce an upgrade to its refinery capacity to handle increasing crude oil production in the Permian Basin.
Chairman of Shell UK joins board of Active Travel England
03/04/2023 by Richard
Shell UK Chairman David Bunch has been appointed to the board of Active Travel England as a non-executive member.