Norway awards 45 new exploration licenses
19/01/2023 by Mark
The Ministry of Petroleum and Energy of the largest producer of crude oil in Western Europe, Norway, has issued 45 new exploration licenses to some 25 companies as part of its APA 2022 licencing round,…
Norway expects continuing high levels of oil and gas production
18/01/2023 by Richard
According to the Norwegian Petroleum Directorate (NPD), the country will continue producing natural gas at near record highs, while the ramping up of production in the massive Johan Sverdrup field will contribute to a 6.9%…
BP appoints executive from Equinor to lead ventures division
17/01/2023 by Mark
UK-based energy company BP has recruited Gareth Burns to lead its worldwide ventures business.
Shell makes digitalisation agreement with Kabal
15/01/2023 by Katie
Energy company Shell, which is now headquartered in the UK, has come to a global agreement with Kabal, which provides software as a service (SaaS) solutions to energy companies to support their supply chains and…
US saw second-highest oil production on record last year
13/01/2023 by Richard
Initial data from the Energy Information Administration (EIA) indicates that US oil production last year was at its second-highest level on record.
Chevron accelerates activities in Venezuela
12/01/2023 by greg
US-based oil major Chevron is continuing to increase its operational activities in Venezuela after being granted a license by the US Government to increase the scope of its operations there.
Indications of hydrocarbons found in UK North Sea well
11/01/2023 by OilStoreAdministrator
After drilling an appraisal well at Block 30/12d of the UK central North Sea, TotalEnergies found “signs of hydrocarbons”.
Chevron and ExxonMobil to focus on the Americas
09/01/2023 by Katie
US-based oil majors Chevron and ExxonMobil are set to refocus their efforts closer to home as they concentrate on their operations in the Permian Basin and other oil and gas projects in North and South…
ExxonMobil's advanced recycling facility goes live
09/01/2023 by OilStoreAdministrator
US-based oil major ExxonMobil has announced that it has started operations at a large-scale recycling facility at Baytown, Texas as part of its combined manufacturing complex.
Chevron sends oil tankers to Venezuela
06/01/2023 by Mark
According to a source reported by Reuters, Chevron is sending two oil tankers to Venezuela, marking the first time that Venezuelan crude will be shipped to the United States in four years.
Is there a difference between regular oil and marine oil?
05/01/2023 by Katie
The purpose of oil is to lubricate mechanical systems to keep them running efficiently, while protecting them from harm. It is understood that the type of operating environment involved will always impact the type of…
Eni and TotalEnergies make Cyprus discovery
04/01/2023 by OilStoreAdministrator
Eni and its partner TotalEnergies have made another discovery of natural gas in the waters off the coast of Cyprus. The Tungsten Explorer drill ship drilled the