US oil production to stay below pre-pandemic levels
12/03/2021 by OilStoreAdministrator
Vicki Hollub, the CEO of the international energy company Occidental, has said that she doesn’t expect US oil production to return to the same level it was
ExxonMobil targets higher earnings and dividends
10/03/2021 by Mark
Before its investor day, US oil major ExxonMobil announced that it expects its focus on profitable, high-return projects to result in its investments generating returns in
Petronas and Total look to low-carbon oil production
08/03/2021 by Richard
Attendees at the IHS Markit virtual conference were told that oil companies Petronas and Total are seeking to continue upstream oil production, but with lower
ExxonMobil to sell some North Sea assets
06/03/2021 by OilStoreAdministrator
US-based oil major ExxonMobil has announced it has agreed to sell the majority of its non-operated upstream North Sea assets to NEO Energy, which is
BT Group to buy renewable energy from Total
04/03/2021 by Mark
BT Group, which was formerly known as British Telecom, has signed a three-year deal with Total to supply it with renewable energy. BT alone consumes almost 1% of the electricity produced in the UK, but…
Shell launches carbon-neutral lubricants
02/03/2021 by Richard
Energy and lubricant giant Royal Dutch Shell has introduced a new portfolio of carbon-neutral lubricant products to help firms meet their own
UK manufacturing sector upbeat on vaccine progress
28/02/2021 by OilStoreAdministrator
With a third national lockdown inevitably impacting the economy, signs of optimism have emerged in new data from IHS Markit, with UK business being the most optimistic it has been for
Shell Foundation works to enhance energy accessibility
26/02/2021 by Mark
The US International Development Finance Corporation (DFC), which is a development arm of the US federal government, has signed a memorandum of understanding (MoU) with the UK-based Shell Foundation to supply five million low-income people…
Cold weather affects US oil production
24/02/2021 by Richard
With Texas facing its coldest weather in three decades, US oil production has been hampered as operators deal with the consequences of the
Shell publishes global warming scenario
22/02/2021 by OilStoreAdministrator
Energy company Shell has published its ambitious pathway for the world to restrict global warming to 1.5°C, which concurs with the Paris Agreement’s goal of keeping global warming
OPEC+ oil production cuts likely to stay for now
20/02/2021 by Mark
Speaking at a press conference, Ihsan Abdul-Jabbar, Iraq’s oil minister, hinted that when the OPEC+ group meets next month, it will probably agree to maintain the current levels of production throughout April this year. He…
Total predicts supply crunch in 2025
18/02/2021 by Richard
French-based oil major Total has said that the world may experience a shortfall of about 10 million barrels per day (bpd) in the supply of crude oil due to underinvestment in oil exploration and production,…