Shell Starship 2.0 sets new standard
10/09/2021 by OilStoreAdministrator
The latest incarnation of Shell’s ultra-efficient concept tractor-trailer, Starship 2.0, has set a new record for
OPEC+ confirms October production increase
08/09/2021 by Mark
Representatives from the OPEC+ group of oil-producing countries have agreed in a virtual meeting to proceed with plans to increase their total production by 400,000 barrels
Shell commits to gas project
06/09/2021 by Richard
Sarawak Shell Berhad (SSB), a subsidiary of Shell, has made a final investment decision to develop the Timi sweet gas field, which is about 120 miles from the coast of the Malaysian state of Sarawak.…
Hurricane Ida hits Gulf of Mexico production
04/09/2021 by Mark
Oil and gas producers in the Gulf of Mexico shut in much of their production in advance of the arrival of Hurricane Ida, resulting in a 91% drop in crude oil production and an 84.87%…
Shell and Bently Nevada launch VitalyX for marine sector
02/09/2021 by Mark
Bently Nevada, which specialises in condition monitoring and asset protection, has announced the availability of VitalyX to the
Oil majors look to start-ups for low-carbon future
30/08/2021 by Richard
Royal Dutch Shell and BP, among other large oil companies, are reportedly expanding their venture capital divisions as they seek to ensure profitability while navigating the energy transition. More staff are being taken on, budgets…
ExxonMobil sees potential for carbon cuts in Brazil
28/08/2021 by Mark
According to Juan Lessmann, the president of ExxonMobil Brazil, the US-based oil major is looking at its offshore Brazil operations as a means for reducing its
Chevron and Exxon look to renewable fuels
22/08/2021 by Richard
US oil majors Exxon Mobil and Chevron are reportedly looking into ways of producing renewable fuels at their existing refineries without
Goldman doubts increased OPEC+ production
20/08/2021 by OilStoreAdministrator
Investment bank Goldman Sachs has said in a note that it does not expect the OPEC+ group to accede to a US request to increase production of oil to tame the rising oil prices that…
Iraq plans to raise oil production
18/08/2021 by Mark
Ihsan Ismaael, the Oil Minister of Iraq, has told the Iraqi News Agency that the government now hopes to raise oil production to eight million barrels per day (bpd) by 2027, which would further secure…
Saudi Aramco sees surge in profits
16/08/2021 by Richard
The Saudi state-backed oil company Aramco has reported a large increase in profits following a
Nynas pushes for lower-carbon roads
12/08/2021 by Richard
Nynas, which, in addition to making lubricants like transformer oil, also sells bitumen products, has published a white paper about how the carbon footprint of