IEA says oil markets could be oversupplied in 2020
04/11/2019 by Richard
The Paris-based International Energy Agency (IEA) has said in its latest monthly report that it expects oil markets to show a supply surplus in 2020 in the absence of a strong recovery in demand.
Shell publishes cylinder oil guidance for IMO 2020
28/10/2019 by Richard
Shell’s marine-oriented arm has published a new whitepaper providing guidance for ship operators as they transition to meet the low-sulphur caps being introduced by the IMO at the start of next year. The whitepaper,
ExxonMobil signs MoU with the Indian Institute of Technology
21/10/2019 by Mark
Energy major ExxonMobil has announced that it has entered into a Memorandum of Understanding (MoU) with the Indian Institute of Technology, specifically at its Bombay and Madras locations, to further research into
ExxonMobil to sell upstream Norway assets for $4.5bn
03/10/2019 by Mark
Oil major ExxonMobil has announced that it has signed an agreement to sell its non-operated Norwegian upstream assets. Under the
Saudi Aramco expects full production again soon
30/09/2019 by Richard
Saudi Aramco, the state-owned oil company of Saudi Arabia, says it expects to restore full production levels by the end of September. Two oil facilities at
ExxonMobil strikes oil again offshore of Guyana
24/09/2019 by Richard
Oil major ExxonMobil has made yet another discovery in the waters offshore of Guyana in South America, the 14th so far. The find was made in
New Saudi energy minister signals deal to stay
18/09/2019 by Mark
The new energy minister of Saudi Arabia, Prince Abdulaziz bin Salman, has signalled that the production-limiting deal between OPEC and
Liza Destiny arrives in Guyana
09/09/2019 by Richard
Following its construction in Singapore and a 42-day journey, the Liza Destiny has arrived in the waters offshore of Guyana, making it
Mosaic Materials and ExxonMobil join to explore carbon capture
06/09/2019 by Mark
ExxonMobil has added a new pathway to explore scalable carbon capture technology with its announcement that it has come to an
US becomes world's largest oil and gas producer
03/09/2019 by OilStoreAdministrator
According to statistics released by the US Energy Information Administration (EIA), the United States became the world’s biggest producer of
ExxonMobil plans retreat from North Sea oil
21/08/2019 by Richard
After almost 50 years of participating in the North Sea oil industry, oil major ExxonMobil is looking to sell its stake in 40 or so North Sea oil fields.
ExxonMobil's Q2 earnings beat analysts' expectations
18/08/2019 by Mark
Oil major ExxonMobil beat analysts’ estimates when it published its results for the second quarter this year, with earnings of