Global oil demand may not absorb increased OPEC+ production
19/08/2024 by OilStoreAdministrator
Industry sources and analysts have told Reuters that limited growth in the demand for crude oil may fail to compensate for extra production.
Fuchs reports successful first half of the year
16/08/2024 by Richard
Fuchs, an independent developer of pioneering lubricant solutions, has announced strong results for the first half of the year.
Petronas announces outstanding exploration success
15/08/2024 by Mark
Malaysia-based energy and lubricant company Petronas has announced that it has achieved significant success in exploring and appraising new resources, both around the Malay Peninsula and further afield.
Iraq to explore redevelopment opportunities with BP
14/08/2024 by OilStoreAdministrator
BP and the Government of the Republic of Iraq have signed a memorandum of understanding (MoU).
Gold H2 launches technology to turn crude oil into hydrogen
13/08/2024 by Richard
Houston-based Gold H2 has announced that its microbial-based technology for converting crude oil in depleted oil wells is now available as pilot demonstrations for upstream oil and gas companies.
ExxonMobil reports record quarterly production
12/08/2024 by Mark
US-based ExxonMobil has reported its second-highest second-quarter earnings in the last 10 years together with record oil production thanks to its assets in Guyana and the US Permian Basin.
Chevron announces relocation of headquarters
09/08/2024 by OilStoreAdministrator
US-based oil major Chevron has announced that it will be moving its headquarters to Houston, Texas from San Ramon in California, and will be making some changes to its senior management team.
BP approves sixth Gulf of Mexico hub
08/08/2024 by Richard
Oil major BP has made a final investment decision to proceed with an offshore project in the US waters of the Gulf of Mexico.
TotalEnergies acquires African hydropower interests
07/08/2024 by Mark
France-based TotalEnergies has agreed to buy the entirety of SN Power, a subsidiary that holds interests in African renewable hydropower assets for renewable energy company Scatec of Norway.
Petronas secures land for carbon capture project
06/08/2024 by OilStoreAdministrator
The Malaysian state-owned energy and lubricant company Petronas has agreed with Kuantan Port Consortium Sdn Bhd to rent land in Pahang, Malaysia.
Fuchs completes acquisition of LUBCON
05/08/2024 by Richard
Fuchs, the global lubricant maker, has announced that it has finalised its acquisition of LUBCON Group following the signing of an agreement in April this year.
Kuwait reveals plans to almost double oil production in a decade
02/08/2024 by OilStoreAdministrator
The boss of Kuwait’s state-owned oil company has indicated that the country hopes to almost double its hydrocarbons production by 2035 with the help of international oil companies.