Libyan oil production reaches million bpd
12/11/2020 by OilStoreAdministrator
Libya has continued its return to large-scale production by breaking through the million
Russia considers extension to OPEC+ deal
08/11/2020 by Richard
Alexander Novak, Russia’s energy minister, has met with the top management of Russia’s oil companies to discuss
Libya reaches milestone bpd production
06/11/2020 by Mark
Another milestone has been reached by Libya, with the country restoring production in its largest fields and pumping
ExxonMobil plans Permian production boost
04/11/2020 by OilStoreAdministrator
US oil major ExxonMobil is planning to increase the output of its operations in the Permian Basin, despite taking a third out of its
Shell increases dividend and announces profits
02/11/2020 by Richard
Anglo-Dutch supermajor Royal Dutch Shell has posted its third-quarter results. While profits are down 80% year on year, the figures exceeded many analysts’ expectations. The company also announced a
COVID-19 prompts digital technology use on offshore oilrigs
30/10/2020 by Mark
A pandemic was always going to be a particular challenge for the cramped working and living conditions of the North Sea’s offshore rigs, but operators are reporting an accelerated shift towards
Russia signals OPEC+ deal may be extended
28/10/2020 by OilStoreAdministrator
Russian president Vladimir Putin has given the first indication that his country, which is one of the world’s biggest oil producers, may be amenable to extending the production cuts agreed by
Lukoil seeking to boost Iraq oil production
26/10/2020 by Richard
The second largest oil company in Russia, Lukoil, is looking at boosting oil production from its assets in Iraq once the quotas agreed by
US shale oil production to dip next month
24/10/2020 by Mark
According to productivity data from the US Energy Information Administration (EIA), production from the country’s largest shale formations will likely decline moderately next month, indicating that there is
Oil CEO forecasts "moderate" production restoration
20/10/2020 by Mark
According to the CEO of Occidental Petroleum Corp, US oil production is unlikely to return to the record levels seen before the COVID-19 pandemic, but production will
OPEC+ cuts will still taper out from next year
18/10/2020 by Richard
According to Suhail al-Mazrouei, the energy minister for the United Arab Emirates, the OPEC+ group will continue with its plan to begin tapering its collective production cuts by 1.9 million barrels per day (bpd) to…
Investors seeing Shell and BP shares as bargains
16/10/2020 by OilStoreAdministrator
With BP and Shell’s share prices at their lowest for 25 years, investors are seeing them as