ExxonMobil to investigate Guyana gas resources
30/01/2024 by Richard
Having already established oil production offshore of Guyana, ExxonMobil is now looking to explore opportunities to develop natural gas fields in the Stabroek Block that it operates.
Occidental chief warns of oil shortage
29/01/2024 by OilStoreAdministrator
Speaking on the sidelines in Davos at the World Economic Forum, the chief executive of Occidental Petroleum has warned that oil exploration is failing to keep pace with demand.
BP appoints new chief executive officer
26/01/2024 by Mark
Energy major BP has announced that Murray Auchincloss will be the new CEO (chief executive officer) of the company.
Chevron executive indicates need for energy diversity
25/01/2024 by Richard
Speaking at a yearly energy conference in Singapore, the vice president for carbon capture, utilisation and storage (CCUS) at Chevron New Energies, Chris Powers, has said diversity will be key to meeting the world’s energy…
Shell gives go ahead for Victory gas field
24/01/2024 by OilStoreAdministrator
The UK arm of Shell has stated it has made its final investment decision (FID) in establishing a gas field in the North Sea, about 29 miles offshore of the Shetland Islands.
Analysts predict stable oil prices this year
23/01/2024 by Mark
Based on the fundamentals, industry analysts are predicting that oil prices will remain relatively flat through this year.
UK automotive sees most successful year since 2019
22/01/2024 by Richard
Last year for the automotive sector in the UK was the best for sales since the COVID-19 pandemic, with 1.903 million new car registrations.
TotalEnergies boosts stakes in Namibia blocks
19/01/2024 by OilStoreAdministrator
France-based TotalEnergies has announced that it has agreed to increase its interests in two blocks that it operates in Namibia.
Valvoline launches revolutionary new motor oil
18/01/2024 by Mark
Valvoline Global, a leading maker of lubricants, has announced the worldwide launch of its ground-breaking Restore & Protect fully synthetic premium motor oil.
Castrol celebrates its 125th birthday in business
17/01/2024 by Richard
Leading lubricant brand Castrol is entering its 125th year in business, and it will be marking the event through a three-pronged
US to see record oil and gas production
16/01/2024 by OilStoreAdministrator
Oil and gas production in the United States will reach unprecedented levels this year and next, according to the
BP passes billion barrel threshold at Caspian platform
15/01/2024 by Mark
UK-based energy major BP has announced that its West Azeri platform in the Caspian Sea has now produced more than a billion barrels of oil.