Saudi Arabia makes voluntary production cut
12/06/2023 by OilStoreAdministrator
While the recent meeting in Vienna of OPEC+ oil producers resulted in no changes to the group’s targeted production, Saudi Arabia has said it will voluntarily cut its own production by a million
TotalEnergies sells climate-related portfolio
09/06/2023 by Katie
France-based TotalEnergies is to sell its entire portfolio of climate-related technology start-ups to Aster, a venture capitalist firm based in Paris.
ExxonMobil could double shale output with new technology
09/06/2023 by Mark
Darren Woods, the chief executive of US-based oil major ExxonMobil, has said that over a five-year period, he expects the company to double the production from its shale assets thanks to new technology.
Shell to supply sustainable fuel to Qatar Airways
08/06/2023 by Richard
UK-based Shell has agreed a deal with Qatar Airways to provide the airline with 3,000 tonnes of sustainable aviation fuel (SAF) at Amsterdam’s Schiphol airport.
UK aerospace specialist seeks funding for hydrogen aircraft
07/06/2023 by OilStoreAdministrator
Cranfield University spinoff Cranfield Aerospace Solutions is looking to raise £30m in funding to develop a hydrogen-powered aircraft that could be commercially available as soon as
NatWest pledges a billion for UK manufacturers
06/06/2023 by Mark
The NatWest Group has said that it aims to lend UK manufacturers an additional billion pounds by the end of this decade to help them invest in greener energy generation and generally stimulate the sector,…
Canadian oil production resumes as wildfires subside
06/06/2023 by Mark
Producers of oil and gas in Canada’s Alberta province have started to bring operations back online after rainfall caused wildfires in the area to abate.
Five tips for turbine oil system care and maintenance
06/06/2023 by Mark
Today, the demand for a dependable energy supply is more important than ever. As a result, equipment like turbines must work relentlessly round the clock at maximum
OPEC ready to welcome back Iran
05/06/2023 by OilStoreAdministrator
The secretary general of OPEC, Haitham Al Ghais, has said during a visit to Tehran that his organisation would welcome Iran’s return to the international oil market. While Iran is
What happens if I use a thicker oil in my engine?
05/06/2023 by Mark
Today, engine oils are available to purchase on the market for a wide range of different applications. As different types of engines have a variety of
UK car production and exports rose in April
03/06/2023 by greg
The Society of Motor Manufacturers and Traders (SMMT) has published new monthly data for April. Production is up substantially on the same month last year, with the vast majority of vehicles being destined for overseas…
Russia inclined to leave production unchanged
02/06/2023 by Richard
Reuters is reporting that the Russian Government is leaning towards leaving oil production at its current level when the OPEC+ group next meets.