A guide to industrial cleaning and degreasing
05/10/2024 by Richard
Industrial sites require heavy-duty maintenance to operate efficiently, making cleaners and degreasers critical solutions.
TotalEnergies looks set to develop Suriname resources
27/09/2024 by Richard
Bloomberg reports that it is looking likely TotalEnergies will go ahead with projects worth $9 billion to develop the oil and gas resources of Suriname.
Oil production to drive economic growth in Uganda
20/09/2024 by OilStoreAdministrator
The International Monetary Fund (IMF) has said it expects economic growth in Uganda to jump into double digits once the African nation begins producing crude oil.
Chevron starts water injection at two more projects
16/09/2024 by Richard
Oil major Chevron has revealed that operations to inject water in fields to improve productivity have begun at two more projects in the US Gulf of Mexico.
OPEC+ delays unwinding production cuts
13/09/2024 by Mark
The OPEC+ group, which comprises OPEC members combined with some other big oil-producing countries, has decided to delay unwinding some of its production cuts over concerns about weakening demand.
Guyana sees jump in GDP thanks to oil production
09/09/2024 by OilStoreAdministrator
The small South American country of Guyana has reported that its real gross domestic product (GDP) increased by 49.7% for the first half of this year, thanks to increased oil and gas revenues.
ExxonMobil warns of energy supply shortage
04/09/2024 by OilStoreAdministrator
In the latest edition of its Global Outlook, US-based oil major ExxonMobil has joined OPEC in warning about potential shortages of oil and gas if investments are not made to develop new oil and gas…
ExxonMobil to sell conventional Permian assets
03/09/2024 by Richard
Bloomberg reports that ExxonMobil is looking at divesting about a billion dollars in conventional oil and gas assets located in the Permian Basin of West Texas and New Mexico.
ExxonMobil says Guyana production back on track
02/09/2024 by Mark
US-based oil major has announced that the consortium that it leads has returned oil production in Guyana back to full capacity following pipeline work.
BNEF predicts sharper rise in US oil production
30/08/2024 by OilStoreAdministrator
The growth in crude oil production in the US is set to accelerate next year, thanks to improvements in well efficiency.
Chief BP economist states OPEC+ has limited options
29/08/2024 by Richard
The OPEC+ group has very little scope to wind back its production cuts according to Spencer Dale, the chief economist at energy giant BP, which also makes the Castrol metalworking range.
Growth in US shale presents problems for OPEC+
26/08/2024 by Richard
According to analysts, the ongoing growth in crude oil production in the US could cause problems for the OPEC+ group.