ExxonMobil announces new Guyana discovery
04/05/2021 by Mark
ExxonMobil has discovered oil off the coast of Guyana at the Stabroek Block’s Uaru-2 well. The new discovery adds to the estimated nine billion barrels of oil equivalent that have previously been announced. The new…
Rystad predicts peak oil in 2026
02/05/2021 by Richard
Research company Rystad Energy has brought forward its prediction for peak oil demand by another two years, to 2026, when it will reach 101.6 million barrels per day – about 1% more than it was…
BP and Shell back in profit
30/04/2021 by OilStoreAdministrator
There are indications that the oil industry’s recent dark period may have ended, as oil majors BP and Shell have slid back into profit for the first time since
Shell Starship 2.0 to cross US in May
28/04/2021 by Mark
The Anglo-Dutch oil major Shell has announced that the successor to its hyper-efficient Starship truck will cross the United States in May. The vehicle has been designed to demonstrate how the energy use of heavy…
Carbon capture plan proposed by Exxon Mobil
26/04/2021 by Richard
US oil major Exxon Mobil has put forward a $100 billion plan to capture carbon emissions from large industrial facilities in the Houston area and transport them to the Gulf of Mexico for storage up
Shell and Silverstream complete air lubrication trials
24/04/2021 by OilStoreAdministrator
Silverstream Technologies, a pioneer in green technology, has successfully completed trials on the Methane Patricia Camila LNG carrier of its retrofitted air lubrication system. After testing at various speeds, engineers determined the system delivered
Valvoline launches new oil for very-high-mileage engines
22/04/2021 by Mark
Valvoline has added a new product to its range in the form of Valvoline High Mileage 150k. The new passenger car engine oil has been specially developed for engines that have travelled over 150,000 miles…
Pennzoil becomes INDYCAR lubricant partner
20/04/2021 by Richard
Oil company Pennzoil has been named the official lubricant and motor oil partner of race body
S&P predicts oil prices over $70
18/04/2021 by OilStoreAdministrator
Once the current round of COVID-19 concerns begins to settle, oil prices potentially could rise above $70 per barrel by the middle of this year, according to
Essar Oil UK confident about future
16/04/2021 by Mark
The owner of the massive Stanlow Manufacturing Complex, Essar Oil UK, has announced that it is confident in the business’s future prospects despite reports that it may be
Total set to invest billions in Uganda
14/04/2021 by Richard
The oil major Total has signed a deal to commit $5.1 billion of investment to an oil-production project in
Shell invests in bio-jet firm
12/04/2021 by OilStoreAdministrator
Anglo-Dutch oil major and lubricant producer Royal Dutch Shell has further extended its presence in the renewable fuels markets by investing in LanzaJet, a producer of