Shell to divest some North Sea assets
22/02/2022 by Richard
According to Reuters, oil giant Shell is preparing to offer for sale its 50% interest in the Leman Alpha complex and a collection of fields in
OPEC predicts possibility of stronger oil demand
21/02/2022 by Mark
In its latest report, the Organization of the Petroleum Exporting Countries (OPEC) has pointed to indications that the global demand for oil may
BP to spend 40% on energy transition by 2025
20/02/2022 by OilStoreAdministrator
Following the announcement of profits at an eight-year high, BP has said that by the year 2025, 40% of its total spending will go into projects that form part of the energy transition, with this
TotalEnergies extends its US renewables presence
18/02/2022 by Mark
French oil major TotalEnergies has agreed to acquire SunPower’s commercial and industrial (C&I) business. SunPower, for which TotalEnergies is a majority shareholder, is a California-based firm specialising in products and services
Government launches call for evidence for advanced materials
18/02/2022 by greg
With advanced materials being seen as critical for the success of many industries, the UK government has called for evidence to help it collect insights about this
US oil production could reach new record high
16/02/2022 by Richard
According to the latest Short-Term Energy Outlook from the US Energy Information Administration (EIA), the US could be producing an average of 12.6 million barrels per day (bpd) in 2023, which would be
New car CO2 emissions reached record low in 2021
15/02/2022 by Katie
Data released by the Society of Motor Manufacturers and Traders (SMMT) reveals that the average carbon-dioxide emissions of new cars in 2021 dropped to 119.7g per kilometre driven, a fall of 11.2% on the
Humber industrial cluster to get Shell decarbonisation technology
14/02/2022 by OilStoreAdministrator
Shell Catalysts & Technologies has been selected by the Zero Carbon Humber scheme, which is led by Equinor, to provide carbon-capture technology to help decarbonise VPI Immingham, which is a combined heat-and-power (CHP) station that…
BP buys stake in green fuel company
12/02/2022 by Mark
Energy company BP, the maker of industrial lubricants like the Castrol Aircol range of compressor oil, has acquired a stake of 30% in the UK’s largest producer of
IPRC suggests UK-wide strategy to promote manufacturing
12/02/2022 by Mark
Following the UK Government’s whitepaper on levelling up, the Industrial Policy Research Centre (IPRC) has called for a UK-wide manufacturing strategy to safeguard the sector and to
Chevron and ExxonMobil to boost Permian output
10/02/2022 by Richard
US-based oil majors ExxonMobil and Chevron have both announced plans to significantly ramp up oil production from their Permian Basin assets, indicating that the region could be returning to growth after a period of
TotalEnergies partners with Veolia for biomethane production
09/02/2022 by greg
Energy company TotalEnergies is to work with Veolia, a fellow French company specialising in energy and waste management, to establish terawatt-scale production