Guyanese president talks about oil success
26/07/2023 by OilStoreAdministrator
The President of Guyana, Dr Mohamed Irfaan Ali, has held a media conference at which he talked about the state of crude oil production in the country and what it wil
US oil production set to hit new record
25/07/2023 by Mark
According to the latest Short-Term Energy Outlook from the US Energy Information Administration (EIA), total US crude oil production will reach a new record high, potentially helping to avoid
Former Shell headquarters to be demolished
24/07/2023 by Richard
UK-based energy major Shell has applied to demolish its former Aberdeen headquarters of 50 years.
BP and TotalEnergies dominate German wind auction
21/07/2023 by Mark
Energy majors TotalEnergies and BP have swept the board at a recent auction of offshore German windfarm sites, with them making bids totalling around $14 billion.
Kuwait to ramp up oil production
21/07/2023 by greg
The National reports that Kuwait is planning to substantially increase its capacity for crude oil production, as well as drastically boost its natural gas production and
Fuchs looks to enhance global brand awareness
21/07/2023 by OilStoreAdministrator
The Germany-based lubricant maker Fuchs has launched a new marketing campaign aimed at improving awareness of its brand around the world.
ExxonMobil to buy Denbury Inc.
20/07/2023 by Richard
US oil major ExxonMobil has announced that it has agreed to buy Denbury Inc. In an all-stock transaction worth $4.9 billion, the purchase is based on the ExxonMobil share price at the time.
Shell extends fuel app to more SMEs
18/07/2023 by OilStoreAdministrator
Energy giant Shell has upgraded its Shell Fleet App for managing fuel payments to accommodate more
Kuwait aiming for 3.2 million bpd in oil production
14/07/2023 by OilStoreAdministrator
According to Kuwait’s Minister of Oil, the country is aiming to increase its crude oil production to 3.2 million barrels per day (bpd) by next year’s end.
Production costs for US shale start to fall
13/07/2023 by Mark
For the first time in three years, production costs in the US shale region have fallen, indicating that US operators may be able to stabilise their earnings.
Shell boss warns against cutting oil and gas production
12/07/2023 by Richard
Wael Sawan, the boss of energy major Shell, has hit out at critics of his company’s decision to maintain the current level of oil and gas production.
Saudi Arabia extends production cuts as Russia cuts exports
11/07/2023 by OilStoreAdministrator
Russia and Saudi Arabia have both announced further voluntary measures that they say will help rebalance the oil markets. Saudi Arabia has said it will extend its cut of a million barrels per day (bpd)…