Shell transition plan on schedule
26/04/2022 by Mark
In its most recent report on transition progress, Shell says it has made solid progress to becoming a net-zero emissions business by 2050 despite the disruption caused by the war in Ukraine.
Demand optimism prompts US drillers to pump more oil
21/04/2022 by Richard
Despite a shortage of labour and disruption to supply chains, optimistic sentiment about the continued demand for crude oil are prompting US operators to ramp up production.
Ineos asks for chance to prove fracking safe
20/04/2022 by Mark
Energy giant Ineos has written to the UK’s government asking for the opportunity to develop a test site for extracting shale gas to prove that the process is
US rig count increases again
14/04/2022 by Mark
According to Baker Hughes, which provides services to the energy sector, the US rig count rose for the third week in a row to reach 689, the highest number
Iranian crude oil production returns to 2018 levels
12/04/2022 by Richard
According to a top official in Iran, crude oil production there has returned to levels not seen since before the US withdrew from its nuclear deal with the country and
Fuel distributor announces shift to Mobil Diesel Efficient
10/04/2022 by OilStoreAdministrator
Moffitt Services, which distributes lubricants and fuel and is based in Texas, has become one of a few distributors to announce a full shift of its diesel purchases to Mobil Diesel Efficient, which features a…
UK to follow US in releasing oil reserves
08/04/2022 by Mark
According to sources speaking to Bloomberg, the UK has agreed to follow the United States in releasing some of its strategic oil reserves. The anonymous sources did not mention the size of the UK’s release,…
OPEC+ sticks with gradual production increases
06/04/2022 by Richard
The OPEC+ group has decided to continue its current strategy of unwinding its production cuts on a gradual basis, despite calls from some quarters to
UAE calls for consistent approach to oil producers
04/04/2022 by OilStoreAdministrator
Speaking at an industry event, Suhail al-Mazrouei, the Energy Minister for the UAE, has called for the world to take a more even-handed attitude to oil-producing countries, rather than vilifying them in normal times but…
Quaker Houghton showcases surface treatments
03/04/2022 by Katie
American chemical company Quaker Houghton has showcased a number of its products at the 112th meeting of the Galvanizers Association at
Shell announces large UK investment
02/04/2022 by Mark
With the company in the process of cutting all its ties with Russia, energy major Shell has made an announcement saying that it will invest up to £25 billion in the
Shell may reconsider Shetland oil field pullout
30/03/2022 by Richard
Oil and energy major Shell is re-evaluating its decision to pull out of the Cambo offshore oil field 75 miles west of the Shetland Islands, according to the BBC