Chief BP economist states OPEC+ has limited options
29/08/2024 by Richard
The OPEC+ group has very little scope to wind back its production cuts according to Spencer Dale, the chief economist at energy giant BP, which also makes the Castrol metalworking range.
Fuchs reports successful first half of the year
16/08/2024 by Richard
Fuchs, an independent developer of pioneering lubricant solutions, has announced strong results for the first half of the year.
ExxonMobil reports record quarterly production
12/08/2024 by Mark
US-based ExxonMobil has reported its second-highest second-quarter earnings in the last 10 years together with record oil production thanks to its assets in Guyana and the US Permian Basin.
Chevron announces relocation of headquarters
09/08/2024 by OilStoreAdministrator
US-based oil major Chevron has announced that it will be moving its headquarters to Houston, Texas from San Ramon in California, and will be making some changes to its senior management team.
TotalEnergies acquires African hydropower interests
07/08/2024 by Mark
France-based TotalEnergies has agreed to buy the entirety of SN Power, a subsidiary that holds interests in African renewable hydropower assets for renewable energy company Scatec of Norway.
Petronas secures land for carbon capture project
06/08/2024 by OilStoreAdministrator
The Malaysian state-owned energy and lubricant company Petronas has agreed with Kuantan Port Consortium Sdn Bhd to rent land in Pahang, Malaysia.
Fuchs completes acquisition of LUBCON
05/08/2024 by Richard
Fuchs, the global lubricant maker, has announced that it has finalised its acquisition of LUBCON Group following the signing of an agreement in April this year.
OPEC+ announces compensatory cuts
01/08/2024 by OilStoreAdministrator
The Secretariat of the Organisation of the Petroleum Exporting Countries (OPEC) has announced 2.284 million barrels per day (bpd) of production cuts.
ExxonMobil reportedly to sell Malaysian assets to Petronas
30/07/2024 by OilStoreAdministrator
According to two sources cited by Reuters, ExxonMobil is in talks with Petronas to sell its upstream gas and oil assets in Malaysia.
Kuwait discovers huge offshore oil and gas reserves
25/07/2024 by OilStoreAdministrator
The fifth biggest producer in OPEC, Kuwait, has had its hydrocarbon reserves boosted following a discovery of large volumes of oil and gas in the Al-Nokhatha field.
BP and Audi form new F1 partnership
22/07/2024 by OilStoreAdministrator
UK-based energy giant BP has become the first official partner of Audi’s Formula 1 future factory team.
Petronas adds three new LNG vessels
19/07/2024 by Mark
The Malaysian state-owned energy and lubricant company Petronas has announced the delivery of three new energy-efficient vessels for transporting liquefied natural gas (LNG) from North America.