OPEC+ leaves oil production unchanged
11/08/2023 by Richard
In its latest Joint Ministerial Monitoring Committee (JMMC), the OPEC+ group has decided to maintain the production of
Architects ask Shell to reassess controversial demolition
10/08/2023 by OilStoreAdministrator
A group of 40 academics, architects and other relevant professionals have submitted a letter to Aberdeen City Council urging it and Shell to reconsider a planned demolition of the
Permian operators planning to ramp up production
08/08/2023 by Richard
Despite expectations of a dip in production in the prolific Permian basin of West Texas and New Mexico, gas and oil companies are
OPEC+ could fragment says portfolio manager
04/08/2023 by OilStoreAdministrator
The member countries of OPEC+ group could be close to breaking up, according to Per Lekander, a managing partner of the Clean Energy Transition investment group Speaking to “Street Signs Europe” on CNBC, Ledanker has…
Why you should check and change your vacuum pump oil
03/08/2023 by Mark
When operating properly, vacuum pumps can improve the efficiency and consistency of manufacturing machinery onsite. However, to appreciate their benefits, pumps must always be regularly maintained. An important part of vacuum
Goldman Sachs predicts record demand for crude oil
02/08/2023 by Richard
Investment bank Goldman Sachs is anticipating crude oil prices to rise this year, as record demand triggers inventory draws.
UAE says further OPEC+ action unnecessary for now
31/07/2023 by Mark
Suhail al-Mazrouei, the energy minister of the United Arab Emirates (UAE), has said that the OPEC+ measures currently in place will suffice to support the market for crude oil, at least for now.
ExxonMobil to double its LNG trade
27/07/2023 by OilStoreAdministrator
US-based oil major ExxonMobil is looking to handle more than twice as much liquefied natural gas (LNG) by the end of
Guyanese president talks about oil success
26/07/2023 by OilStoreAdministrator
The President of Guyana, Dr Mohamed Irfaan Ali, has held a media conference at which he talked about the state of crude oil production in the country and what it wil
US oil production set to hit new record
25/07/2023 by Mark
According to the latest Short-Term Energy Outlook from the US Energy Information Administration (EIA), total US crude oil production will reach a new record high, potentially helping to avoid
Former Shell headquarters to be demolished
24/07/2023 by Richard
UK-based energy major Shell has applied to demolish its former Aberdeen headquarters of 50 years.
BP and TotalEnergies dominate German wind auction
21/07/2023 by Mark
Energy majors TotalEnergies and BP have swept the board at a recent auction of offshore German windfarm sites, with them making bids totalling around $14 billion.