What is oil analysis and why is it important?
05/11/2021 by Richard
When machinery breaks down, it often causes substantial disruption for firms. A mechanical failure costs companies money – not just for replacement parts and specialised repair labour, but also in operational downtime that harms
Strong results reported by Exxon Mobil
04/11/2021 by Mark
Exxon Mobil has posted its strongest results since 2017 for the third quarter and committed itself to restarting its stalled share-buyback programme.
Shell sets tougher emission targets
01/11/2021 by Mark
Despite its reported earnings being lower than expected, Shell has announced that it has set itself tougher targets to reduce
BP chosen as favoured bidder for hydrogen project
30/10/2021 by Richard
Energy major BP has been selected as the favoured bidder to participate in the creation of a new hydrogen hub in Aberdeen. The city’s council announced the decision after
BP calls for greater investment in energy storage and long-term deals
28/10/2021 by Richard
Speaking at the Indian Energy Forum in New Delhi, Bernard Looney, the CEO of BP, has called for the energy system to be made more robust in future through investment in diversification, storage and longer-term
ExxonMobil to build industrial-scale advanced recycling plant
18/10/2021 by greg
Following trials of its proprietary technology for taking plastic waste and processing it into raw materials for use in toys, food packaging and even furniture, ExxonMobil has announced it will build its first large-scale facility…
Northern Lights orders two CO2 carriers
18/10/2021 by OilStoreAdministrator
Northern Lights, a carbon capture and storage (CCS) project based in Norway, has ordered two carbon dioxide (CO2) carriers from Dalian Shipbuilding Industry Co. of China. The project is a
TotalEnergies adopts tech to lessen methane emissions
16/10/2021 by Richard
Energy firm TotalEnergies has announced it will deploy a revolutionary new technology to reduce emissions of methane at its Barnet gas field
Saudi Aramco poised to become world’s most valuable company
14/10/2021 by OilStoreAdministrator
The predominantly state-owned oil giant Saudi Aramco may soon overtake Apple as the world’s biggest company by market capitalisation. According to Bloomberg, Apple’s market cap of US$2.3 trillion is being closely followed by Aramco, at
EIA predicts growing energy demand
13/10/2021 by Mark
According to the US Energy Information Administration’s (EIA) International Energy Outlook for this year, the global demand for energy is expected to rise through the first half of this century to fuel economic growth and…
Major shale player says oil prices in OPEC’s hands
12/10/2021 by Mark
Pioneer Natural Resources, one of the biggest US shale operators, has said that the US shale patch will not have a big say in which direction oil prices go, with it being mostly determined by…
OPEC+ decides against accelerating output rises
11/10/2021 by Katie
At their latest meeting, the members of the OPEC+ group of countries have decided to stick with their existing plan to gradually increase oil production by 400,000 barrels per day