ExxonMobil looking to boost Guyana production
16/10/2024 by Richard
Alistair Routledge, ExxonMobil’s country manager for Guyana, has told a press conference that the company is looking to boost its production.
BP to focus more on gas and oil production
14/10/2024 by Mark
Reuters reports that three sources have told it that BP is due to unveil a new strategy, whereby it will pivot back towards its traditional gas and oil business.
Hess's merger with Chevron passes antitrust review
11/10/2024 by Richard
US-based oil major Chevron has announced that the company’s merger with fellow US-based oil company Hess has passed an antitrust review.
OPEC+ to increase production in December
08/10/2024 by Richard
Reuters quotes sources from OPEC+ as saying that the organisation will proceed with some increases in the production of crude oil from December.
A guide to industrial cleaning and degreasing
05/10/2024 by Richard
Industrial sites require heavy-duty maintenance to operate efficiently, making cleaners and degreasers critical solutions.
TotalEnergies looks set to develop Suriname resources
27/09/2024 by Richard
Bloomberg reports that it is looking likely TotalEnergies will go ahead with projects worth $9 billion to develop the oil and gas resources of Suriname.
Oil production to drive economic growth in Uganda
20/09/2024 by OilStoreAdministrator
The International Monetary Fund (IMF) has said it expects economic growth in Uganda to jump into double digits once the African nation begins producing crude oil.
Chevron starts water injection at two more projects
16/09/2024 by Richard
Oil major Chevron has revealed that operations to inject water in fields to improve productivity have begun at two more projects in the US Gulf of Mexico.
OPEC+ delays unwinding production cuts
13/09/2024 by Mark
The OPEC+ group, which comprises OPEC members combined with some other big oil-producing countries, has decided to delay unwinding some of its production cuts over concerns about weakening demand.
Guyana sees jump in GDP thanks to oil production
09/09/2024 by OilStoreAdministrator
The small South American country of Guyana has reported that its real gross domestic product (GDP) increased by 49.7% for the first half of this year, thanks to increased oil and gas revenues.
ExxonMobil warns of energy supply shortage
04/09/2024 by OilStoreAdministrator
In the latest edition of its Global Outlook, US-based oil major ExxonMobil has joined OPEC in warning about potential shortages of oil and gas if investments are not made to develop new oil and gas…
ExxonMobil to sell conventional Permian assets
03/09/2024 by Richard
Bloomberg reports that ExxonMobil is looking at divesting about a billion dollars in conventional oil and gas assets located in the Permian Basin of West Texas and New Mexico.