US set new oil production record last year
05/09/2025 by Jay Hatton
A record volume of crude oil was produced in the US last year according to the latest Petroleum Supply Annual published by the Energy Information Administration (EIA).
Ithaca upgrades full-year production guidance
28/08/2025 by Daniel Tait
One of the largest independent producers of oil and gas in the UK North Sea, Ithaca Energy, has raised its expectations for this year’s production.
BP brings Argos extension online
25/08/2025 by Thomas Clark
UK-based oil major BP has announced that its extension of the Argos platform in the US Gulf of Mexico has
Brazil produces record amount of oil and gas
21/08/2025 by Richard
According to recently released figures, Brazil produced an average of 4.9 million barrels of
EIA predicts drop in oil prices
20/08/2025 by OilStoreAdministrator
In its latest Short-Term Energy Outlook, the US Energy Information Administration (EIA) has predicted lower oil prices as supply to
BP reports stronger than expected quarter
18/08/2025 by Richard
UK-based oil major BP has announced its results for the second quarter, with them being ahead of analysts’ expectations.
ExxonMobil announces more production offshore of Guyana
15/08/2025 by OilStoreAdministrator
Guyana in South America has received a boost to its oil-producing capacity, with the announcement that ExxonMobil’s Yellowtail project has started production.
OPEC+ subgroup proceeds with production increases
11/08/2025 by Mark
The eight OPEC+ participants involved in voluntary production cuts have announced a further rewinding of those cuts, putting downward pressure on oil prices.
Chevron to triple-frac almost half of Permian wells
08/08/2025 by Richard
US oil major Chevron says it expects to use “triple-frac” technology on nearly half of its new wells in the Permian Basin this year.
TriGen proposes profitable way of decarbonising gas and oil
06/08/2025 by Mark
Writing in Innovation News Network, TriGen CEO Pieter Kapteijn has outlined an economically viable strategy whereby gas and oil production can be decarbonised.
The benefits of using biodegradable hydraulic oil
04/08/2025 by Mark
Hydraulic oil is a specialist fluid designed for power transfer in a wide range of mechanical systems and equipment.
How CPI gear oils extend equipment life
02/08/2025 by Mark
Today, most industrial operations and the hardworking machinery they employ depend on high-quality lubricants like gear oil.