Shell announces Starship 3 demonstration results
17/10/2023 by Mark
Energy company Shell has published the results of a demonstration run by the third iteration of its low-carbon Starship freight platform.
Castrol promotes new brand identity at The Blend
16/10/2023 by OilStoreAdministrator
Leading UK lubricant brand Castrol has showcased its refreshed branding for the Castrol SERVICE network by sponsoring The Blend.
Kuwait to increase oil production and proceed with Durra field
15/10/2023 by greg
The oil minister of Kuwait has announced the country’s new strategy for increasing its production of fossil fuels.
OPEC hikes long-term prediction for demand
13/10/2023 by Richard
In its recently published 2023 World Oil Outlook, OPEC has raised its prediction for the global demand for oil in 2045 from 110 million bpd (barrels per day) to 116 million bpd.
Saudi Arabia signals willingness to raise oil production
12/10/2023 by Mark
The Wall Street Journal reports that Riyadh has signalled its willingness to raise oil production to counter rising prices.
TotalEnergies sells stake in Surmont to ConocoPhillips
12/10/2023 by Mark
France-based TotalEnergies has completed the sale of its 50% stake in the oil sands projevy in Surmont, together with
ExxonMobil to consider buying US shale rival
11/10/2023 by OilStoreAdministrator
Reuters report sources familiar with the matter as saying that US-based ExxonMobil is in talks to buy Pioneer Natural Resources in a deal worth $60 billion.
Oil production unchanged following OPEC+ meeting
10/10/2023 by Richard
At the most recent meeting of the Joint Ministerial Monitoring Committee (JMMC), which was held over videoconferencing, the OPEC+ group together decided to leave their production of crude oil quotas unchanged.
OPEC boss expects growing demand for oil
09/10/2023 by Mark
Haitham Al Ghais, the Secretary General of OPEC, has said he expects the global demand for crude oil to remain “resilient” this year.
TotalEnergies joins G+ wind safety group
09/10/2023 by Katie
Following formal approval from the G+ Annual General Meeting, France-based TotalEnergies has become the latest G+ group board member, which is the offshore wind industry’s global organisation for health and safety.
Castrol launches branded solar-based vehicle servicing
06/10/2023 by OilStoreAdministrator
Leading lubricant brand Castrol has reached a new level of sustainability by launching a solar-powered solution for vehicle servicing.
Record US production offsets OPEC+ cuts
06/10/2023 by greg
Oil producers in the US are helping to counter shortages in the supply of crude oil by reaching record levels of production, despite deploying fewer drilling rigs.