In a surprise move, OPEC+ has announced that it will raise its target production level by 548,000 barrels per day (bpd) for August. Continue reading OPEC+ raises production by more than expected
OPEC+ raises production by more than expected
Category: Oil Industry
Morrison’s owner joins Castrol bidders
Sky News recently reported that private equity firm Clayton Dubilier & Rice (CD&R) has joined the list of suitors to buy the Castrol business from BP. Continue reading Morrison’s owner joins Castrol bidders
What does OEM approved mean?
When ordering lubricants or replacement parts, operations using mechanical equipment onsite often encounter the terms “OEM approvals” and “OEM part numbers”. Continue reading What does OEM approved mean?
Shell formally denies BP takeover approach
UK-based Shell has put to rest speculation that it has approached fellow UK oil major BP about acquiring the company. Continue reading Shell formally denies BP takeover approach
UK North Sea could have more gas and oil than thought
According to a new study, the UK portion of the North Sea could meet more of the country’s gas and oil needs.
Continue reading UK North Sea could have more gas and oil than thought
ExxonMobil ramps up Guyana exploration efforts
US-based oil major ExxonMobil is building on its previous successes with the Stabroek Block offshore of Gyana by continuing to explore. Continue reading ExxonMobil ramps up Guyana exploration efforts
Chevron reveals subsurface imaging technology
US-based oil major Chevron has showcased how advanced imaging technology is enabling it to better characterise reservoirs in the subsurface. Continue reading Chevron reveals subsurface imaging technology
Shell to increase LNG capacity in line with expected demand growth
The world’s biggest trader of liquified natural gas (LNG), Shell, has said it expects to add 12 million tons of extra capacity by 2030. Continue reading Shell to increase LNG capacity in line with expected demand growth
OPEC boss points to continued growth in oil demand
In a keynote speech, Haitham Al Ghais, the secretary general of OPEC, has disputed notions of oil demand peaking anytime soon. Continue reading OPEC boss points to continued growth in oil demand
Bohai Sea to get largest new platform to date
Chinese state-owned oil and gas company CNOOC has announced the installation of the largest platform yet seen in the Bohai Sea. Continue reading Bohai Sea to get largest new platform to date
