Shell and BP stocks rally on increasing crude prices
10/05/2020 by OilStoreAdministrator
With a gradual easing in lockdown restrictions around the world, the stock prices of Shell and BP increased last Tuesday, May 5 as
Oil majors see signs of recovery in China
08/05/2020 by Richard
Some the big oil companies are beginning to notice a fledgling recovery in China as demand increases for oil and refined products. Strict
How ExxonMobil is stepping up medical product manufacture
05/05/2020 by Mark
The oil industry may be facing tough times at the moment, with the COVID-19 pandemic causing a drop in both price and demand, but oil companies like
Oil companies start using US Strategic Petroleum Reserve
04/05/2020 by Richard
With storage apparently running out in the US, some oil companies have started sending oil to the Strategic Petroleum Reserve (SPR) following an agreement with the
Shell reaffirms importance of Shetland field
04/05/2020 by OilStoreAdministrator
While reduced demand and low prices remain a problem in the oil industry, Shell has confirmed that the Cambo discovery to the west of Shetland is still an
Saudi Arabia begins early oil production cuts
02/05/2020 by OilStoreAdministrator
The new agreement by the OPEC+ group of oil-producing countries is set to take effect on May 1, but Saudi Arabia has already begun implementing
ExxonMobil repurposes facilities to make hand sanitiser
30/04/2020 by Mark
US-based energy company ExxonMobil has announced that it has successfully reconfigured production facilities in Louisiana to make medical-grade hand sanitiser. The company is
How will COVID-19 affect the oil industry?
29/04/2020 by Mark
The effects of the COVID-19 pandemic are being felt in every part of life, and the oil industry is no exception. Perhaps the
Morris Lubricants to assist heritage railways
28/04/2020 by Mark
Leading lubricant producer Morris Lubricants has announced a new scheme to assist heritage railways, many of which are struggling financially after having to temporarily close their doors to visitors during the COVID-19 pandemic. The new…
Shell aims for net-zero emission
24/04/2020 by Richard
Oil giant Shell has announced its plan to join other oil supermajors in cutting greenhouse gas emissions, with the long-term aim of reaching net-zero emission
How the oil industry could combat COVID-19
23/04/2020 by Mark
Like most industries, oil and gas have been hit hard by COVID-19, but there are plenty of examples of the sector playing an important role in fighting the
OPEC+ agrees record 10% production cut
18/04/2020 by Richard
The OPEC+ group, which includes OPEC members plus some non-member oil-producing nations, most notably Russia, has agreed a landmark deal