BP buys 40% interest in carbon capture project
16/04/2023 by Katie
UK-based energy major BP has purchased a 40% stake in the Viking CCS project in order to boost its
OEUK calls for policies to attract North Sea investment
14/04/2023 by OilStoreAdministrator
Offshore Energies UK (OEUK), an industry body representing the UK’s offshore energy sector, has issued a warning regarding
Shell produced more gas than expected in first quarter
13/04/2023 by greg
The share price of UK-based energy major Shell received a modest boost on news that it believes it has produced more natural gas than expected in the first quarter of the year.
UN supertanker sets sail to avert Red Sea spill
13/04/2023 by Mark
A very large crude carrier (VLCC) has departed from Zhoushan, China on a mission to transfer around a million oil barrels from FSO Safer. FSO Safer is a supertanker that has been moored offshore of…
Iraq to hold 30% stake in TotalEnergies’ projects
10/04/2023 by Mark
Some $27 billion worth of projects in Iraq came a step closer to realisation when the Iraqi Government agreed to
OPEC+ makes unexpected production cut
10/04/2023 by OilStoreAdministrator
The OPEC+ group has surprised the markets by announcing a sizeable cut in overall production, with oil prices increasing on news of the move.
Shell to split up low-carbon and renewables business
06/04/2023 by Richard
The new CEO of Shell, Wael Sawan, is looking to improve the company’s performance by regionally dividing the low-carbon and renewables division of the company.
TotalEnergies and partners drill new Shetland well
05/04/2023 by OilStoreAdministrator
As part of its Greater Laggan Area joint venture in Shetland, TotalEnergies and its partners have begun drilling a significant new exploration well that could see the venture still producing gas at the end of…
ExxonMobil expands refinery to handle Permian output
04/04/2023 by Mark
US oil major ExxonMobil has become the latest organisation to announce an upgrade to its refinery capacity to handle increasing crude oil production in the Permian Basin.
Goldman Sachs say oil will not reach $100 this year
31/03/2023 by OilStoreAdministrator
Analysts at investment bank Goldman Sachs are no longer predicting that the price of Brent crude oil will reach $100 per barrel in 2023. This is despite predictions of a tight oil market later this…
World Water Day marked by Fuchs
30/03/2023 by Richard
The South African arm of Fuchs Lubricants has celebrated Word Water Day by showcasing its own measures to conserve water and launching an awareness campaign for water conservation.
Shell returns to Aberdeen’s Union Street
29/03/2023 by Mark
Energy giant Shell has held a special ceremony to mark its return to Union Street in Aberdeen, where it established a presence in 1965 amid the discovery of oil and gas in the UK waters…