Eni to buy Neptune Energy
03/07/2023 by Katie
Italian oil major Eni is set to acquire the vast majority of Neptune Energy’s portfolio of assets in a deal worth $4.9 billion. The assets of
TotalEnergies to use green hydrogen in refining process
03/07/2023 by Mark
France-based oil and gas major TotalEnergies has said that it will partner with VNG, a German distributor of gas, to incorporate green hydrogen into activities at its refinery in Leuna, Germany in order to reduce…
Food production costs start to ease
30/06/2023 by greg
The Lloyds Bank UK Sector Tracker has indicated that manufacturing costs for food may be starting to decline, giving hope that food inflation may have peaked.
UK company to launch mobile battery service centre technology
30/06/2023 by OilStoreAdministrator
Autocraft EV Solutions, which is based in the UK, is set to revolutionise the servicing of batteries for electric vehicles by rolling out its REVIVE MOBILE Repair Centre across Europe.
Morris Lubricants donates to Ukraine aid mission
29/06/2023 by OilStoreAdministrator
Shrewsbury-based Morris Lubricants has donated £500 to help a local man go on his eighth mission to deliver aid for elderly and young vulnerable people in the war-torn country of Ukraine.
Orsted and BP resolve North Sea overlap dispute
28/06/2023 by Richard
A long-running dispute between Orsted and BP regarding two projects with overlapping territory has been resolved, paving the way for both projects to proceed.
UK manufacturing continues to recover
27/06/2023 by Katie
According to the second-quarter Manufacturing Outlook survey published by business advisory and accountancy firm BDO and Make UK, manufacturing sector activity continued to
ExxonMobil negotiating return Guyanese exploration areas
27/06/2023 by Mark
Reuters reports that Guyana is in talks with ExxonMobil about returning some of the oil major’s unexplored areas.
US on track for record oil production
26/06/2023 by OilStoreAdministrator
Crude oil production in the United States has reached 12.4 million barrels per day (bpd). This is according to the
Morris Lubricants sponsors local cricket club
24/06/2023 by Mark
Shrewsbury-based Morris Lubricants has agreed a five-year sponsorship deal with a local cricket club in the Oswestry area.
IEA says global oil demand to peak this decade
23/06/2023 by Richard
In its latest medium-term report, the International Energy Agency has predicted that the growth in the global demand for crude oil will slow in the coming years, with demand potentially peaking in 2028.
Shell and Eneco showcase eco-friendly windfarm plans
22/06/2023 by Mark
Energy firms Eneco and Shell have unveiled their holistic plans for the Ecowende joint venture, with the offshore windfarm promising to work harmoniously alongside nature with minimal effects on local wildlife.