UK approves new North Sea projects
03/04/2021 by OilStoreAdministrator
The UK government recently gave the go ahead to drill more North Sea wells, which it says will safeguard the industry and the thousands of jobs related to it.
EIA anticipates rising oil prices in April
28/03/2021 by Richard
The US Energy Information Administration (EIA) has forecasted in its March Short-Term Energy Outlook that crude oil prices will rise in April, due in part to
Aramco looks to China for blue hydrogen production
26/03/2021 by Mark
According to Amin Nasser, the CEO of Saudi Aramco, the world’s biggest oil company is looking to cooperate more with China in areas like the production of ammonia and hydrogen from natural gas, as well…
North Sea carbon storage project gets government backing
20/03/2021 by Mark
The UK government has given its backing to the union of three projects concerning carbon capture, use and storage (CCUS) in the Humber and Teesside regions, which together represent
Trading earnings doubled for Shell last year
18/03/2021 by Richard
According to a report from oil major and lubricant producer Royal Dutch Shell, the company’s trading division doubled its earnings to
Libya aims to raise oil production this year
14/03/2021 by Mark
Speaking to Bloomberg Television in an interview, Mustafa Sanalla, the Chairman of Libya’s National Oil Corporation (NOC), said the country is aiming to increase its oil production to 1.45 million barrels per day
Total’s CEO predicts oil prices
13/03/2021 by Richard
The Chief Executive Officer of Total, Patrick Pouyanne, said on the BFM Business radio station that he does not
US oil production to stay below pre-pandemic levels
12/03/2021 by OilStoreAdministrator
Vicki Hollub, the CEO of the international energy company Occidental, has said that she doesn’t expect US oil production to return to the same level it was
ExxonMobil targets higher earnings and dividends
10/03/2021 by Mark
Before its investor day, US oil major ExxonMobil announced that it expects its focus on profitable, high-return projects to result in its investments generating returns in
Petronas and Total look to low-carbon oil production
08/03/2021 by Richard
Attendees at the IHS Markit virtual conference were told that oil companies Petronas and Total are seeking to continue upstream oil production, but with lower
ExxonMobil to sell some North Sea assets
06/03/2021 by OilStoreAdministrator
US-based oil major ExxonMobil has announced it has agreed to sell the majority of its non-operated upstream North Sea assets to NEO Energy, which is
Cold weather affects US oil production
24/02/2021 by Richard
With Texas facing its coldest weather in three decades, US oil production has been hampered as operators deal with the consequences of the