Shell mulls possible move to the UK
10/07/2020 by OilStoreAdministrator
Oil producer and lubricant manufacturer Royal Dutch Shell appears to be open to a change to its Anglo-Dutch structure, wherein it is incorporated in the UK but headquartered in the Netherlands. Instead, it would become…
Slicker Recycling acquires Re:Group
09/07/2020 by Mark
Workshop waste and oil recycling company Slicker Recycler has acquired Re:Group, another oil recycling specialist based in Hull. While advanced lubricants like
BP sells petrochemicals business for $5bn
06/07/2020 by OilStoreAdministrator
Oil major BP, which produces the Castrol range of lubricant products, has formalised an agreement to sell its petrochemicals business to UK-based chemicals company INEOS in a deal worth $5bn (approximately £4bn). The sale will
Oil giants look to hydrogen in post-COVID era
02/07/2020 by Mark
Bloomberg reports that oil companies are again eying hydrogen as a way to remain relevant during a future of uncertain oil demand and the transition to net-zero emissions. Hydrogen as a
UK Oil and Gas commits to halving emissions
26/06/2020 by Richard
Trade association UK Oil & Gas (OGUK), which represents the UK’s offshore oil and gas industry, has committed to halving emissions from North Sea facilities by 2030. The target will act as a milestone for…
Shell and IBM set up online marketplace for mining services
24/06/2020 by OilStoreAdministrator
US-based technology giant IBM and the Anglo-Dutch energy and lubricant company Shell have jointly launched Oren, a new online marketplace to connect mining companies with other companies
Global oil production down in May
22/06/2020 by Mark
Oil production decreased substantially in May, with total liquids production averaging just 89.89 million barrels per day
Shell to overhaul business operations
16/06/2020 by Richard
Oil major Shell is set to undertake a widespread review of its business operations with the aim of “adapting to a different future.” Shell has already set itself the target of becoming a net-zero-carbon business…
Total joins marine decarbonisation coalition
14/06/2020 by Mark
Energy player Total has added its support for decarbonisation in the maritime sector by joining the Getting to Zero Coalition, which has members from the finance, energy, maritime, and
Drilling CEO floats prospect of $70 oil price by autumn
12/06/2020 by OilStoreAdministrator
Canary Drilling Service’s CEO, Dan Eberhart, has put forward the possibility that oil prices could hit the $70 per barrel price by the autumn, citing the possibility that US producers have maybe gone too
Worst has passed, says Credit Suisse
06/06/2020 by Richard
According to Swiss bank Credit Suisse, the worst is over for the oil industry. Bill Featherstone, an oil
BP employees participate in mask-making campaign
04/06/2020 by OilStoreAdministrator
Employees of oil major BP and its lubricant division Castrol Africa have initiated a campaign to encourage the people of Africa to make and wear facemasks to slow down the spread of the coronavirus. Other…