ExxonMobil uncovers two new discoveries in Guyana
03/08/2022 by Richard
US-based oil major ExxonMobil added further to its string of oil discoveries offshore of
BP opens first fast-charge station for electric trucks
02/08/2022 by Mark
In the ongoing effort to help decarbonise the haulage sector, BP has launched its first facility for 300 KW fast chargers for medium- and heavy-duty trucks off the major
Shell gives go ahead for Jackdaw field
01/08/2022 by OilStoreAdministrator
Development of the Jackdaw gas field in the North Sea has been given another green light to proceed now that Shell had made a final investment decision to support the project, which will likely involve…
Magnet materials factory gets government backing
30/07/2022 by Mark
A planned factory at Saltend, near Hull, for processing rare earth materials has secured financial aid from the Automotive Transformation Fund, an £850 million fund that was set up to help electrify the country’s
Iraq reveals 200,000 bpd spare capacity
29/07/2022 by Richard
With many Western countries looking for alternatives to Russian oil, it seems that Iraq can boost production by 200,000 barrels per day
Shell gives go-ahead for Dutch hydrogen facility
28/07/2022 by Mark
UK-based energy major Shell has made a final investment decision for a green hydrogen production facility in
Oil prices decline as demand stalls
27/07/2022 by Katie
Towards the end of July, oil prices fell slightly as signs indicated that the recent tightness in the markets may be loosening, giving some
BP confirms windfall tax will not affect UK investment
27/07/2022 by OilStoreAdministrator
Energy major BP has clarified its investment plans for the North Sea by saying that they will not be negatively affected by the energy profits levy that was introduced by Rishi Sunak, the
Production resumes at El Feel oil field in Libya
26/07/2022 by Richard
According to the National Oil Corporation (NOC), Libya’s state-owned oil company, production has resumed at the El Feel oilfield, ending a
Permian production to hit new record in August
25/07/2022 by Mark
According to the latest productivity report from the US Energy Information Administration (EIA), crude oil production in the Permian Basin will hit a new record of 5.445 million barrels per day (bpd) in August, a…
Shell to investigate supply of liquid hydrogen
24/07/2022 by greg
Together with ENGIE, Anthony Veder and Vopak, Shell has made a deal to investigate whether it will be feasible to produce green hydrogen in Portugal and then liquefy it for transport to the Netherlands for…
Libya lifts production force majeure
22/07/2022 by OilStoreAdministrator
The National Oil Company (NOC) of Libya has lifted its force majeure – which enables a firm to use unforeseen developments to escape contractual obligations – on the country’s ports and