Ιστολόγιο category - Oil Industry

Anglo-Dutch supermajor Royal Dutch Shell has posted its third-quarter results. While profits are down 80% year on year, the figures exceeded many analysts’ expectations. The company also announced a

A pandemic was always going to be a particular challenge for the cramped working and living conditions of the North Sea’s offshore rigs, but operators are reporting an accelerated shift towards

Russian president Vladimir Putin has given the first indication that his country, which is one of the world’s biggest oil producers, may be amenable to extending the production cuts agreed by

The second largest oil company in Russia, Lukoil, is looking at boosting oil production from its assets in Iraq once the quotas agreed by

According to productivity data from the US Energy Information Administration (EIA), production from the country’s largest shale formations will likely decline moderately next month, indicating that there is

According to the CEO of Occidental Petroleum Corp, US oil production is unlikely to return to the record levels seen before the COVID-19 pandemic, but production will

According to Suhail al-Mazrouei, the energy minister for the Ηνωμένα Αραβικά Εμιράτα, the OPEC+ group will continue with its plan to begin tapering its collective production cuts by 1.9 million barrels per day (bpd) to…

With BP and Shell’s share prices at their lowest for 25 years, investors are seeing them as

The days of oil are not quite over yet according to OPEC, which predicts that the demand for oil will continue to increase until

The UK arm of lubricant giant Fuchs, which is based in Stoke-on-Trent, has reported increased revenue and

While much of the news lately has been largely dominated by the pandemic and oil production cuts to stabilize the markets, Egypt quietly announced that it has achieved its highest level of oil production since

Oil company Shell has published a decarbonisation report that examines potential fuels for the future, with it coming down firmly in favour of