Shell launches new carbon-neutral engine oil in Malaysia
13/12/2022 by OilStoreAdministrator
Leading lubricant maker Shell has released its new Shell Helix Power 5W product at an event in Malaysia. The new product is notable because it is the first carbon-neutral passenger car engine oil to be…
Equinor, BP and Ithaca sign MoU for North Sea electrification
12/12/2022 by Katie
Three producers of oil and gas in the North Sea have signed a Memorandum of Understanding (MoU) to explore options for electrifying a number of fields off the
Shell acquires stake in Blue Tide Environmental
12/12/2022 by Mark
Through its Pennzoil-Quaker State Company subsidiary, energy major Shell has acquired a 49% stake in Blue Tide Environmental, a US company that is seeking to establish a
TotalEnergies joins Castor Initiative
09/12/2022 by Mark
Energy giant TotalEnergies has thrown its weight behind using ammonia as an alternative marine fuel by joining the multinational Castor Initiative coalition.
TotalEnergies signs MoU with Air France-KLM
09/12/2022 by Richard
The Air France-KLM Group, which resulted from the merger between the French and Dutch national airlines, has signed a Memorandum of Understanding (MoU) with TotalEnergies to purchase some 800,000 tonnes of sustainable aviation fuel over…
OPEC+ maintains current production quotas
08/12/2022 by OilStoreAdministrator
At its latest OPEC and non-OPEC Ministerial Meeting, the OPEC+ group decided to maintain its current production policy amid developments in China and the introduction of a price cap on Russian crude oil. The group…
Shell agrees SAF deal with Ryanair
07/12/2022 by Mark
Shell has closed a deal with Ryanair that will see it supply the airline with sustainable aviation fuel (SAF) at more than 200 European airports, although supplies will be particularly concentrated at London Stansted and…
Petro-Canada gains certification for grease
06/12/2022 by greg
The US-based National Lubricating Grease Institute has awarded Petro-Canada Lubricants’ PEERLESS OG2 RED with its new High Performance Multiuse (HPM) Core certification, meaning it regards this product as demonstrating the necessary high levels of performance…
Shell to acquire Europe’s largest producer of renewable gas
06/12/2022 by Mark
Energy major Shell has come to a deal worth £1.66 billion to buy the entirety of Danish firm Nature Energy, which is Europe’s largest producer of biogas.
ADNOC board agrees to accelerate production increases
05/12/2022 by Richard
A meeting of the Abu Dhabi National Oil Company’s (ADNOC) board has approved a plan to bring forward an increase in the company’s oil production capacity by three years.
Guyana awards oil-marketing contract to BP
03/12/2022 by Katie
BP has won the contract to market the Guyanese state’s portion of the crude oil being produced at two offshore platforms in the country’s waters, with it replacing a trading unit of Saudi Aramco as…
Chevron gets go ahead to resume Venezuela operations
02/12/2022 by OilStoreAdministrator
US-based major Chevron has received a six-month license from the US Office of Foreign Assets Control (OFAC) to resume oil production in Venezuela following talks between the various political factions in the country.