Chevron and ExxonMobil to boost Permian output
10/02/2022 by Richard
US-based oil majors ExxonMobil and Chevron have both announced plans to significantly ramp up oil production from their Permian Basin assets, indicating that the region could be returning to growth after a period of
OPEC+ sticks with planned production increase
08/02/2022 by OilStoreAdministrator
In a 16-minute meeting, the shortest in its history, the OPEC+ group approved the next planned collective production increase of 400,000 barrels per day (bpd) of crude oil, defying some analysts’ expectation of a greater…
ExxonMobil to move headquarters amid restructure
06/02/2022 by Mark
US-based major ExxonMobil has announced that it will move its headquarters from the Dallas, Texas suburb of Irving to its Houston campus as part of its
Chevron sees best profits since 2014
04/02/2022 by Mark
US oil major Chevron showed how the industry has turned a corner by posting yearly profits of $15.6bn (£11.55bn) for 2021.
Shell begins green hydrogen production in China
02/02/2022 by Mark
Energy giant Shell has started producing green hydrogen at one of the world’s biggest electrolysers in China, with it supplying about half the hydrogen needed to power the fuel cell vehicles during this month’s sporting…
BP seeks government backing for low-carbon projects
30/01/2022 by OilStoreAdministrator
Energy supermajor BP says it has made an application for government backing for two low-carbon projects based in Teesside as part of the East Coast Cluster of the Northern Endurance Partnership, which was approved by…
What lubricants does Q8 Oils provide for the energy sector
29/01/2022 by Richard
Kuwait Petroleum International, also known as Q8 or Q8 Oils, is renowned for its exceptional efficiency, high-quality products and guaranteed lubrication performance. Its exacting standards are a perfect match for the multiple sectors it serves,…
Shell signs up to support CCS Innovation Zone
28/01/2022 by Mark
Oil major Shell has become the 14th company to consider going ahead with what would be the biggest carbon capture and
Shell changes name officially
26/01/2022 by OilStoreAdministrator
Following up on an earlier decision by the company’s board, Shell has officially dropped the “Royal Dutch” prefix from
Contestants invited for Shell Startup Showdown
24/01/2022 by Mark
Shell Lubricants and Automotive Ventures have issued a call for early-stage startups with automotive technology to enter the Shell Startup Showdown to compete for grants. Entrants should be able to demonstrate innovativeness in areas like…
BP says chargers to become more profitable than pumps
22/01/2022 by Richard
The British-based oil major BP has said that within a few years, its network of fast chargers for electric vehicles (EVs) will become more profitable than its
Shell-backed investment fund receives new funding
21/01/2022 by greg
The Energy Entrepreneurs Growth Fund (EEGF), which was started by the Shell Foundation in 2019 with backing from the Dutch Entrepreneurial Development Bank FMO and UKaid, has received a further $13 million in funding from…