Fuchs completes acquisition of LUBCON
05/08/2024 by Richard
Fuchs, the global lubricant maker, has announced that it has finalised its acquisition of LUBCON Group following the signing of an agreement in April this year.
OPEC+ announces compensatory cuts
01/08/2024 by OilStoreAdministrator
The Secretariat of the Organisation of the Petroleum Exporting Countries (OPEC) has announced 2.284 million barrels per day (bpd) of production cuts.
ExxonMobil reportedly to sell Malaysian assets to Petronas
30/07/2024 by OilStoreAdministrator
According to two sources cited by Reuters, ExxonMobil is in talks with Petronas to sell its upstream gas and oil assets in Malaysia.
Kuwait discovers huge offshore oil and gas reserves
25/07/2024 by OilStoreAdministrator
The fifth biggest producer in OPEC, Kuwait, has had its hydrocarbon reserves boosted following a discovery of large volumes of oil and gas in the Al-Nokhatha field.
BP and Audi form new F1 partnership
22/07/2024 by OilStoreAdministrator
UK-based energy giant BP has become the first official partner of Audi’s Formula 1 future factory team.
Petronas adds three new LNG vessels
19/07/2024 by Mark
The Malaysian state-owned energy and lubricant company Petronas has announced the delivery of three new energy-efficient vessels for transporting liquefied natural gas (LNG) from North America.
Shell produces first gas at Malaysian field
18/07/2024 by Richard
UK-based Shell has announced that gas has now been successfully achieved at the Malaysian Jerun field by the project’s operator.
BP to take full ownership of biofuels joint venture
09/07/2024 by OilStoreAdministrator
UK-based oil major BP has announced that it has agreed to buy Bunge’s 50% stake in BP Bunge Bioenergia, which would bring the biofuel joint venture into BP’s full ownership.
TotalEnergies to sell interests in Shetland gas fields
05/07/2024 by OilStoreAdministrator
France-based TotalEnergies has announced that it is to sell its assets related to the gas fields in the West of Shetland area, subject to approval from regulators and other authorities.
Petronas launches new ProTough+ for advanced materials
04/07/2024 by Richard
The Malaysian company Petronas has expanded its portfolio of products for enabling advanced materials with the launch of a third solution based on graphene.
Fuchs UK sees rising turnover and pre-tax profits
01/07/2024 by OilStoreAdministrator
The UK arm of Fuchs, the largest independent provider of ground-breaking lubrication solutions in the world, has reported higher pre-tax profits and turnover for 2023 despite being affected by increasing costs.
Senegal becomes an oil-producing country
21/06/2024 by Mark
An Australian-based energy company has announced that production has begun at the first offshore oil development in the West African country of Senegal, making it now an oil-producing nation.