Libya targets oil production of 2 million bpd
02/02/2023 by Mark
According to the country’s oil minister, Libya is working towards increasing its crude oil production to some 2 million barrels per day (bpd), with the extra production being destined for both increased domestic use and…
Qatar considers buying into TotalEnergies’ Iraq projects
01/02/2023 by Richard
Reuters reports that sources have told it that QatarEnergy, which is owned by the Qatari state, is in talks with TotalEnergies to buy stakes in some of its energy projects in Iraq.
What are thermal fluid systems?
01/02/2023 by OilStoreAdministrator
Thermal fluid heating systems, sometimes referred to as “hot oil” systems, are a type of industrial system where a specialised heat transfer fluid is recirculated via a pump by way of a fired heat exchanger…
Shell and TotalEnergies start gas production in Oman
31/01/2023 by OilStoreAdministrator
Energy majors TotalEnergies and Shell have started producing natural gas from the Mabrouk North-East field in onshore Oman as part of their Block 10 concession.
BP sponsors scholarships to learn green skills
30/01/2023 by Katie
Redcar and Cleveland College has joined forces with BP to offer paid scholarships for a two-year programme of engineering focused on green skills for the energy transitions.
UK Government earmarks £32.5 million for red diesel alternatives
27/01/2023 by greg
Within its Red Diesel Replacement Competition, the UK Government has announced some £32.5 million in funding for phase two of the programme, which aims to support projects that will help industries like quarrying, mining, and…
IEA predicts record oil demand
27/01/2023 by Mark
In the first of its monthly oil reports for this year, the IEA predicts that the global demand for oil will reach a new record high this year, with almost half the demand growth being…
Fortescue founder to build UK battery factory
26/01/2023 by OilStoreAdministrator
Andrew Forrest, the founder and chairman of Australian iron ore giant Fortescue, gave the UK automotive sector an unexpected boost when he said he would open a plant to make batteries for electric vehicles (EVs)…
BP to look at repurposing oil and gas facilities
25/01/2023 by Richard
UK-based energy major BP has announced plans to conduct a feasibility study for a new hydrogen hub at Wilhelmshaven, Germany, with the intention being to repurpose some of its existing oil and gas infrastructure to…
Mobil joins up with Red Bull KTM
24/01/2023 by Katie
US-based oil major ExxonMobil has formed a new partnership with the Red Bull KTM Factory Racing team as it seeks MotoGP success this season.
Shell Recharge to use MFG’s chargers
24/01/2023 by Mark
Users of Shell’s electric vehicle (EV) charging service will be able to make use of MFG’s own network of chargers through the Shell Recharge app thanks to a new roaming agreement between the two companies.
Guyana's oil attracts international interest
23/01/2023 by OilStoreAdministrator
Reuters reports sources familiar with the oil industry as saying that the forthcoming bidding round for Guyana’s offshore areas is piquing the interest of oil companies in Asia, India and Europe.