ExxonMobil and Chevron to increase investment
23/12/2022 by Mark
US-based oil majors Chevron and ExxonMobil have announced significant boosts to their planned investments in energy projects next year, as the global demand for oil continues to keep oil prices relatively high.
Turkey and insurers reach deal to ease tanker build up
22/12/2022 by Richard
Shipping insurers and Turkey have reached a deal over an issue with protection and indemnity (P&I) cover for tankers transiting Turkish waters.
Libya invites multinationals to resume oil and gas exploration
21/12/2022 by OilStoreAdministrator
The Government of National Unity (GNU) in Libya has lifted its force majeure on exploring for new oil and gas resources in the country, paving the way for international oil companies (IOCs) to once again…
TotalEnergies withdraws from Novatek
16/12/2022 by Mark
As part of it gradual withdraw from Russian assets, TotalEnergies has disengaged with its stake in Novatek, Russia’s second-largest producer of natural gas and one of the world’s biggest publicly traded producers of natural gas…
TotalEnergies joins IRU
15/12/2022 by greg
France-based energy major TotalEnergies has become the latest corporate member of the International Road Transport Union (IRU) in order to broaden its engagement with potential allies and help achieve its environmental goals.
Equinor, BP and Ithaca sign MoU for North Sea electrification
12/12/2022 by Katie
Three producers of oil and gas in the North Sea have signed a Memorandum of Understanding (MoU) to explore options for electrifying a number of fields off the
Shell acquires stake in Blue Tide Environmental
12/12/2022 by Mark
Through its Pennzoil-Quaker State Company subsidiary, energy major Shell has acquired a 49% stake in Blue Tide Environmental, a US company that is seeking to establish a
TotalEnergies signs MoU with Air France-KLM
09/12/2022 by Richard
The Air France-KLM Group, which resulted from the merger between the French and Dutch national airlines, has signed a Memorandum of Understanding (MoU) with TotalEnergies to purchase some 800,000 tonnes of sustainable aviation fuel over…
TotalEnergies joins Castor Initiative
09/12/2022 by Mark
Energy giant TotalEnergies has thrown its weight behind using ammonia as an alternative marine fuel by joining the multinational Castor Initiative coalition.
OPEC+ maintains current production quotas
08/12/2022 by OilStoreAdministrator
At its latest OPEC and non-OPEC Ministerial Meeting, the OPEC+ group decided to maintain its current production policy amid developments in China and the introduction of a price cap on Russian crude oil. The group…
ADNOC board agrees to accelerate production increases
05/12/2022 by Richard
A meeting of the Abu Dhabi National Oil Company’s (ADNOC) board has approved a plan to bring forward an increase in the company’s oil production capacity by three years.
Guyana awards oil-marketing contract to BP
03/12/2022 by Katie
BP has won the contract to market the Guyanese state’s portion of the crude oil being produced at two offshore platforms in the country’s waters, with it replacing a trading unit of Saudi Aramco as…