Octopus to buy energy from Dogger Bank
27/12/2022 by Mark
The fourth-largest energy supplier in the UK, Octopus Energy Group, has signed a deal with Shell Energy Europe Limited to buy electricity generated at the Dogger Bank offshore windfarm.
IEA raises its forecast for global oil demand
27/12/2022 by Richard
In its December Oil Market Report, the International Energy Agency (IEA) has upwardly revised its expectations for how the demand for oil will grow.
Toyota to develop hydrogen-powered Hilux in the UK
26/12/2022 by OilStoreAdministrator
Multinational automotive producer Toyota, in cooperation with select partners, has secured funding from the UK government in developing a version of its iconic Hilux pick-up truck that will be powered by hydrogen fuel cells.
BP invests in fold-out solar technology
24/12/2022 by Katie
BP Ventures, the investment arm of energy giant BP, has added its backing for innovative solar technology that can enable megawatt-scale plants to be deployed at low cost in just a day.
ExxonMobil and Chevron to increase investment
23/12/2022 by Mark
US-based oil majors Chevron and ExxonMobil have announced significant boosts to their planned investments in energy projects next year, as the global demand for oil continues to keep oil prices relatively high.
Turkey and insurers reach deal to ease tanker build up
22/12/2022 by Richard
Shipping insurers and Turkey have reached a deal over an issue with protection and indemnity (P&I) cover for tankers transiting Turkish waters.
Shell and Uniper move forward on Humber H2ub
21/12/2022 by greg
Energy companies Shell and Uniper have moved a step further in realising the Humber H2ub project by awarding contracts for the design phase for the main facilities.
Libya invites multinationals to resume oil and gas exploration
21/12/2022 by OilStoreAdministrator
The Government of National Unity (GNU) in Libya has lifted its force majeure on exploring for new oil and gas resources in the country, paving the way for international oil companies (IOCs) to once again…
TotalEnergies reaffirms commitment to Lebanon’s Block 9
20/12/2022 by Richard
While hosting Lebanon’s Minister of Energy and Water, His Excellency Walid Fayad, TotalEnergies CEO Patrick Pouyanné confirmed that teams had been mobilised to take charge of drilling operations in the country’s exploration Block 9.
Sales of new cars rise again in the UK
19/12/2022 by Mark
The UK automotive sector received some welcome news as 143,000 new vehicles were registered in November, marking the fourth monthly increase in a row.
Case study shows Texaco lubricant can last six times longer
18/12/2022 by Mark
A mixed agricultural business in Germany, TACT Von Eller-Ebersteinsche BGA GbR, has found through oil analysis that its new biogas engine can run about six times longer without an oil change when using the high-performance…
TotalEnergies withdraws from Novatek
16/12/2022 by Mark
As part of it gradual withdraw from Russian assets, TotalEnergies has disengaged with its stake in Novatek, Russia’s second-largest producer of natural gas and one of the world’s biggest publicly traded producers of natural gas…