Oil prices fluctuate over OPEC+ rumours
27/11/2022 by Mark
The price of crude oil rose and fell over mixed messages about a potential decision by the OPEC+ group to increase production.
Iraq seeking to increase oil production capacity to 7 million bpd
25/11/2022 by Richard
Reuters reports that the boss of SOMO, a state organisation responsible for marketing Iraq’s oil, has told it that the country is targeting 7 million barrels per day (bpd) in crude oil production capacity by…
Why is agricultural oil so important?
24/11/2022 by Mark
Different industries use specific types of machinery and involve different operating environments, conditions, and work rates. Additionally, companies are also subject to specific legislation that they must adhere to.
TotalEnergies signs deal with Israel for Mediterranean gas field
21/11/2022 by Katie
Israel has signed an agreement with France-based TotalEnergies that will pave the way for the energy company to begin exploring the Qana gas field which lies partially in Lebanese waters, according to a recent maritime…
Mobil adds additional grades to marine range
21/11/2022 by Mark
Leading lubricant brand Mobil has widened its range of oil for marine engines, enabling vessel operators to stop using oils developed for heavy-duty land vehicles and replace them with equivalent products that will continue to…
US Permian Basin set for new record oil production
18/11/2022 by OilStoreAdministrator
According to the latest productivity report from the US Energy Information Administration (EIA), crude oil production in the Permian Basin is expected to rise to a new record of 5.499 million barrels per day (bpd)
Saudi Arabia signals cautious approach to oil production
18/11/2022 by Mark
Speaking to Bloomberg TV in an interview, the energy minister of Saudi Arabia, Prince Abdulaziz bin Salman, has said that his country will continue to advocate caution in the OPEC+ group when it comes to…
ExxonMobil makes new discovery in Angola
17/11/2022 by Richard
As part of a redevelopment project for Angola Block 15, ExxonMobil has made its first discovery in the block for 20 years.
Shell to buy three billion litres of biofuel
15/11/2022 by greg
Shell has agreed to buy some three million litres of waste-derived ethanol from Raízen, its joint venture in Brazil, in a big push towards sustainable biofuel.
Guyana to use new rules for next oil tender
10/11/2022 by Mark
The vice president of Guyana, Bharrat Jagdeo, has said that the country will seek to increase its share of the revenue from future oil production in its waters by introducing new rules for the next…
Libyan oil chief expects no further disruption
08/11/2022 by Mark
Farhat Bengdara, the boss of Libya’s National Oil Corporation (NOC), has said that he does not anticipate any further disruptions to oil production in the country, which has raised its oil production to 1.2 million…
Shell and Deloitte release guide for fleet decarbonisation
06/11/2022 by greg
Professional services firm Deloitte has joined with energy major Shell to launch a new report aimed at helping fleet operators to understand the initial steps in embarking on a strategy of fleet decarbonisation.