TotalEnergies' board backs multi-energy strategy
03/10/2023 by Mark
The board of energy giant TotalEnergies has reiterated its support for the company’s multi-energy strategy, whereby it focuses on
Goldman Sachs raises 12-month Brent forecast to $100 per barrel
29/09/2023 by OilStoreAdministrator
Analysts at investment bank and financial services firm Goldman Sachs have raised their forecast for the price of Brent crude over the coming 12 months from $93 to $100 per barrel, over concerns that the…
Exxon and Aramco bosses push carbon capture
28/09/2023 by Mark
Appearing at a panel discussion in Calgary as part of the World Petroleum Congress, the bosses of Saudi Aramco and ExxonMobil have said they support the move to cleaner energy forms. However, they have insisted…
Saudi energy minister denies trying to push up oil prices
27/09/2023 by Richard
Prince Abdulaziz bin Salman, who serves as Saudi Arabia’s energy minister, has hit back at critics by denying that his country’s recent agreement to extend its voluntary oil production cut was about “jacking up prices”.
Oil prices head for $100 per barrel
25/09/2023 by Richard
Oil prices hit a 10-month high, with the possibility of being on track to exceed $100 per barrel for Brent Crude.
TotalEnergies mobilises support for Libyan people
24/09/2023 by Mark
Energy major TotalEnergies has suggested it has used its resources to provide relief aid to the people of Libya, following the
EIA predicts rising oil prices in fourth quarter
21/09/2023 by OilStoreAdministrator
The US Energy Information Administration (EIA) has stated in the September Short-Term Energy Outlook (STEO) that it expects the price of Brent crude oil to average $93 a barrel within the remaining quarter of the…
BP chair announces Looney replacement could be external
20/09/2023 by Richard
Helge Lund, the chairman of UK-based oil major BP, has said that for the first time in decades, an external candidate could replace former CEO Bernard Looney.
Shell Starship gets natural gas engine
15/09/2023 by Mark
After having made two successful coast-to-coast journeys in the US and pushed the boundaries of fuel efficiency with a diesel engine, Shell’s Class 8 tractor-trailer is getting a
US shale seeks efficiency through deeper wells
15/09/2023 by Richard
Shale operators in the US have shrugged off earlier downbeat projections to produce more oil and gas despite the rig count declining.
Suriname seen as promising prospect by TotalEnergies
14/09/2023 by Mark
Patrick Pouyanne, the CEO of TotalEnergies, has said that he may be announcing positive news about developing deepwater oil projects offshore of South America, in the country of Suriname.
BP launches UK programme for loyalty pricing
12/09/2023 by Mark
The owner of the Castrol lubricant brand, BP, has launched a new programme that will enable