Growth in US shale presents problems for OPEC+
26/08/2024 by Richard
According to analysts, the ongoing growth in crude oil production in the US could cause problems for the OPEC+ group.
Shell invests in water injection for Vito field
23/08/2024 by Mark
Shell plc, through its subsidiary Shell Offshore Inc., has announced that it has made a final investment decision (FID) to proceed with a waterflood project for the Vito field in the US Gulf of Mexico.
Kluber to present new booster and rescue products at WindEnergy 2024
22/08/2024 by OilStoreAdministrator
At WindEnergy 2024, global lubricant specialist Kluber will showcase two new products aimed at increasing the efficiency of wind turbines by extending their maintenance intervals.
Kluber Lubrication to showcase its advanced rail lubricants
21/08/2024 by Richard
Components in rail transport are greatly affected by lubrication in terms of their efficiency, reliability and service life. Kluber will now be
Chevron begins production with new deepwater technology
20/08/2024 by Mark
US-based oil major Chevron has announced that its revolutionary Anchor project in the deep waters of the US Gulf of Mexico has commenced the production of oil and natural gas.
Global oil demand may not absorb increased OPEC+ production
19/08/2024 by OilStoreAdministrator
Industry sources and analysts have told Reuters that limited growth in the demand for crude oil may fail to compensate for extra production.
Fuchs reports successful first half of the year
16/08/2024 by Richard
Fuchs, an independent developer of pioneering lubricant solutions, has announced strong results for the first half of the year.
Petronas announces outstanding exploration success
15/08/2024 by Mark
Malaysia-based energy and lubricant company Petronas has announced that it has achieved significant success in exploring and appraising new resources, both around the Malay Peninsula and further afield.
Iraq to explore redevelopment opportunities with BP
14/08/2024 by OilStoreAdministrator
BP and the Government of the Republic of Iraq have signed a memorandum of understanding (MoU).
Gold H2 launches technology to turn crude oil into hydrogen
13/08/2024 by Richard
Houston-based Gold H2 has announced that its microbial-based technology for converting crude oil in depleted oil wells is now available as pilot demonstrations for upstream oil and gas companies.
ExxonMobil reports record quarterly production
12/08/2024 by Mark
US-based ExxonMobil has reported its second-highest second-quarter earnings in the last 10 years together with record oil production thanks to its assets in Guyana and the US Permian Basin.
Chevron announces relocation of headquarters
09/08/2024 by OilStoreAdministrator
US-based oil major Chevron has announced that it will be moving its headquarters to Houston, Texas from San Ramon in California, and will be making some changes to its senior management team.