Total buys the capital's largest car charging network
04/10/2020 by Richard
French energy company Total is set to acquire BluePointLondon Limited, which operates the largest network of charging stations for electric vehicles (EVs) in the capital. Total says it has completed
US oil has peaked, say industry executives
02/10/2020 by Mark
When asked by the Federal Reserve Bank of Dallas, some 66% of executives at oil and gas companies said they believed that US oil
Shell to look at slashing upstream costs
30/09/2020 by OilStoreAdministrator
Anglo-Dutch oil company and lubricant maker Shell is launching a review to look at reducing its oil and gas production costs, possibly by as much as 40%. The cost-cutting exercise will then enable it to…
Morris Lubricants makes donation to hospice
28/09/2020 by Richard
The UK-based maker of lubricants such as agricultural oil, Morris Lubricants, has helped Severn Hospice – a charity that operates hospices in Telford and Shrewsbury, as well as outreach services across Shropshire and Mid Wales…
Morris Lubricants supports Talyllyn Railway
24/09/2020 by OilStoreAdministrator
Shrewsbury-based Morris Lubricants has helped keep the world’s first preserved railway up and running by providing some much-needed support.
OPEC downgrades demand forecast
20/09/2020 by Mark
In its September report on the oil markets, OPEC has again revised down its forecasts for oil demand this year. It now believes the world will consume 90.2 million barrels per day (bpd) on average…
New BP chief forecasts lower oil production
18/09/2020 by OilStoreAdministrator
The recently appointed CEO of BP, Bernard Looney, is set to lay out his vision of the company’s future – one that will involve the oil major
Novak says Russia must win back market share
14/09/2020 by OilStoreAdministrator
The Russian energy minister, Alexander Novak, has highlighted the importance of Russia, as well as other major oil producers, regaining and even increasing its share of the oil market once demand returns to normal levels.
Energy giants launch technology initiative in Singapore
10/09/2020 by Richard
Global energy companies ConocoPhillips, Shell, ExxonMobil, and Chevron, some of which make lubricant products under brands like Texaco and Mobil, have partnered with Enterprise Singapore in calling for startups to come up with solutions to…
Russia to request OPEC+ reaction to rising oil demand
08/09/2020 by Mark
Reuters reports Alexander Novak, the Russian energy minister, as saying that the recovery in the demand for oil may have reached 90% of levels before the pandemic, with him expecting a full recovery some time…
Total CEO predicts peak oil by 2040
06/09/2020 by Richard
Speaking at the ONS Digital Conference in a video presentation, Patrick Pouyanne, the CEO of Total SA, said he now expects oil production to peak between 2030 and 2040, although he added that oil will…
Producers in Gulf of Mexico avoid major damage
04/09/2020 by OilStoreAdministrator
US offshore oil producers and refiners on the Gulf Coast have begun to restart operations following limited damage from