TotalEnergies pulls ahead in renewables race
14/11/2022 by OilStoreAdministrator
According to data collated by Reuters, TotalEnergies has increased its lead over fellow European energy majors BP and Shell in terms of its renewable energy generation capacity.
CBI: Manufacturing key to UK economic recovery
12/11/2022 by Mark
The Confederation of British Industry (CBI) has published a new report titled ‘Made in the UK’, in which it makes the case that given sufficient support, the UK’s manufacturing sector could be key to reviving…
Britishvolt secures short-term funding
11/11/2022 by Richard
Despite reports that it may be about to enter administration, Britishvolt says it has secured sufficient short-term funding from an undisclosed investor, enabling it to stay in business while it explores longer term funding options…
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…
Energy majors to make UK North Sea comeback
09/11/2022 by Katie
Traditional oil and gas majors like BP, Shell and Equinor are expected to account for an increasing proportion of UK North Sea oil and gas production in the coming years, according to Welligence Energy Analytics.
Shell launches new full synthetic heavy duty engine oil
09/11/2022 by OilStoreAdministrator
Energy major Shell has bolstered its range of fully synthetic, heavy-duty commercial vehicle oil by adding the Shell Rotella T6 10W-30.
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…
Japan to retain Sakhalin-1 stake
07/11/2022 by Richard
The SODECO consortium, which is owned by Japanese companies and the Japanese government, has decided to renew its stake in the Sakhalin-1 project in Russia, citing concerns over energy security.
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.
Adnoc boss warns against halting oil investment
04/11/2022 by Mark
The CEO of the Abu Dhabi National Oil Company (Adnoc), Sultan Ahmed Al Jaber, has warned that continued investment in oil projects is needed to maintain the current level of global oil production and ensure…
BP makes improvements in North Sea operations
03/11/2022 by Mark
Together with its partners, BP has been making a series of improvements to its North Sea operations with the aim of increasing gas supply to the UK and reducing greenhouse gas emissions.
Shell signals willingness to pay more taxes
03/11/2022 by OilStoreAdministrator
As Shell posted third-quarter profits of $9.5 billion, its CEO, Ben van Beurden, said that it was ready to embrace higher taxes. He pointed out that with companies like Shell benefitting from high oil and…