Shell-led consortium to deploy world’s first offshore solar farm
01/05/2023 by Mark
CrossWind, a joint venture of Shell and Dutch energy company Eneco, has made a deal with technology developer Oceans of Energy that will see the Hollandse Kust Noord (HKN) offshore wind farm be complemented by…
ExxonMobil pulls out of Colombia block
28/04/2023 by Katie
According to Rigzone, a spokesperson from ExxonMobil has confirmed that the firm will be withdrawing from Block VMM37 in Colombia.
Kluber showcases its speciality lubricants
28/04/2023 by Richard
Leading lubricant maker Kluber has showcased its speciality products at the India Steel Expo 2023, with it emphasising how they can help steel facilities to improve productivity and ensure reliable operations.
Guyana declines discounted oil sales to India
27/04/2023 by OilStoreAdministrator
Bharrat Jagdeo, the Vice President of Guyana, has said that his country has refused to sell crude oil to India at a discount, insisting that any sale needs to be at a commercial rate.
US could start refilling oil reserve in early autumn
26/04/2023 by Mark
The US Government could begin refilling the Strategic Petroleum Reserve (SPR) early in autumn this year. This is according to the US President’s coordinator for energy security and global infrastructure, Amos Hochstein.
Jaguar Land Rover announces £15 billion in UK investment
25/04/2023 by greg
One of the biggest players in the UK automotive sector, Jaguar Land Rover (JLR), has announced that it will invest £15 billion over five years as it begins to shift its UK production over to…
Demand concerns trigger falling oil prices
25/04/2023 by Richard
Worries about lower demand from Western countries this year caused oil prices to drift lower, reversing some of the gains seen after the OPEC+ group announced a substantial production cut.
Chevron promotes semi-renewable petrol fuel
24/04/2023 by OilStoreAdministrator
US-based oil major Chevron has teamed up with automobile maker Toyota to promote a new partly renewable petrol blend through a road trip along the US-Gulf of Mexico coast.
UK’s first operational 5G Standalone (5G SA) testbed demoed
22/04/2023 by Mark
The Advanced Manufacturing Research Centre (AMRC) of the University of Sheffield has showcased a fully operational testbed for 5G Standalone (5G SA) technology in the UK for
Shell brings Pierce field back online
21/04/2023 by Mark
UK-based energy giant Shell has announced that production has restarted at the Pierce field in the UK waters of the North Sea after substantial modifications to the production vessel.
Guyana extends deadline for licensing round
20/04/2023 by Richard
The Government of Guyana, which has recently become a hotspot for oil discoveries, has announced a three-month extension to the deadline for bids in the country’s first-ever round for offshore licenses.
BP’s Argos platform begins production
19/04/2023 by Mark
UK-based energy giant BP has announced that its Argos platform in the Gulf of Mexico has successfully begun producing crude oil.