TotalEnergies to sell its oil sands operations in Canada
05/05/2023 by OilStoreAdministrator
France-based energy major TotalEnergies has announced it has accepted an offer from Suncor Energy to purchase its Canadian oil sands operations.
One in five new cars to be electric this year
04/05/2023 by greg
The IEA has predicted that a fifth of the world’s car sales will be for electric vehicles (EVs). As part of its latest annual
OPEC boss responds to IEA’s criticisms
04/05/2023 by Mark
The Secretary-General of OPEC, Haitham Al-Ghais, has accused the International Energy Agency (IEA) of “finger-pointing” and defended the OPEC+ group’s recent production cuts, saying
Novak hints at no more OPEC+ production cuts
03/05/2023 by Richard
The OPEC+ group should have no further need to cut crude oil production, according to Alexander Novak. The Deputy Prime Minister of Russia made
TotalEnergies refuels LNG cruise ship
02/05/2023 by OilStoreAdministrator
The marine fuels division of TotalEnergies has successfully completed its first LNG bunkering operation in Southern France at the Port of Marseille Fos.
UK manufacturers report easing price pressures
01/05/2023 by marc-claude_ghibert
There were signs that inflation may be starting to decline as two surveys reported easing price pressures among UK businesses.
Shell-led consortium to deploy world’s first offshore solar farm
01/05/2023 by Mark
CrossWind, a joint venture of Shell and Dutch energy company Eneco, has made a deal with technology developer Oceans of Energy that will see the Hollandse Kust Noord (HKN) offshore wind farm be complemented by…
ExxonMobil pulls out of Colombia block
28/04/2023 by Katie
According to Rigzone, a spokesperson from ExxonMobil has confirmed that the firm will be withdrawing from Block VMM37 in Colombia.
Kluber showcases its speciality lubricants
28/04/2023 by Richard
Leading lubricant maker Kluber has showcased its speciality products at the India Steel Expo 2023, with it emphasising how they can help steel facilities to improve productivity and ensure reliable operations.
Guyana declines discounted oil sales to India
27/04/2023 by OilStoreAdministrator
Bharrat Jagdeo, the Vice President of Guyana, has said that his country has refused to sell crude oil to India at a discount, insisting that any sale needs to be at a commercial rate.
US could start refilling oil reserve in early autumn
26/04/2023 by Mark
The US Government could begin refilling the Strategic Petroleum Reserve (SPR) early in autumn this year. This is according to the US President’s coordinator for energy security and global infrastructure, Amos Hochstein.
Jaguar Land Rover announces £15 billion in UK investment
25/04/2023 by greg
One of the biggest players in the UK automotive sector, Jaguar Land Rover (JLR), has announced that it will invest £15 billion over five years as it begins to shift its UK production over to…