Which countries have the most oil?
03/02/2020 by OilStoreAdministrator
Which countries, on the planet, are the biggest producers of oil? Many of us will think of the Middle East when oil is mentioned. This is understandable, as in fact one of the manufacturers of…
Improved well efficiency boosted US oil output last year
02/02/2020 by OilStoreAdministrator
The US Energy Information Agency (EIA) has said that the efficiency of oil production from new wells in tight formations, which is commonly referred to as shale oil, increased for the 10th year running in…
Civil engineering company sees benefits of Shell Rimula
28/01/2020 by Mark
AWJ Civil, an Australian company that specialises in environmental remediation and civil engineering work, has decided to
OPEC likely to continue cuts in 2020
26/01/2020 by OilStoreAdministrator
According to the head of Wood Mackenzie’s refining and oils market team in Asia, Sushant Gupta, OPEC looks set to continue its
IEA claims non-OPEC growth will exceed oil demand
22/01/2020 by Mark
Oil producers outside the OPEC cartel will continue to grow their crude oil production this year, so much so that it will
BP to replace Shell as Supercars fuel provider
20/01/2020 by OilStoreAdministrator
With the Australian Supercars season set to launch in Sydney in early February, preparations are well underway. This year, BP
Silverstream wins deal to convert Shell LNG carriers
18/01/2020 by Richard
Silverstream Technologies, which is based in the UK, has entered into an agreement with Shell to convert a number of its LNG carriers to use Silverstream’s revolutionary air lubrication system. This form of lubrication is
India looks to double oil imports from the US
16/01/2020 by OilStoreAdministrator
In order to reduce its reliance on crude oil produced in the Middle East, India is looking to source more oil from other regions, including a doubling of the crude oil it imports from the…
US oil production may be pivotal in 2020
14/01/2020 by OilStoreAdministrator
Speaking on CNBC’s Squawk Box Europe, analysts have cited the degree of US oil production growth as potentially being a
Trump claims US no longer needs Middle East oil
12/01/2020 by Mark
In comments made as tensions with Iran began to relax, US President Donald Trump has claimed that the country is no
Oil giants line up to enter Egypt
10/01/2020 by Mark
A number of oil majors are getting ready to explore the waters offshore of Egypt following a recent licensing round. In a
Russian oil production reaches record high
08/01/2020 by OilStoreAdministrator
Despite its participation in the OPEC-led production cuts, Russia has achieved a new post-Soviet high for oil production. Reuters is