New Shell hub for GTL base oil opened near Dubai
03/02/2015 by Richard
One of the world’s major oil manufacturers has announced the launch of a new facility dedicated to base oil gas-to-liquid (GTL) storage in the UAE, marking the fourth such site the company has opened. This…
Environmental application for Exxon Mobil project submitted
20/01/2015 by OilStoreAdministrator
One of the world’s top oil manufacturers, Exxon Mobil, has responded to the commodity price decline by submitting for environmental clearance prior to embarking on a new Ca$25bn (£13.8bn) project. Together with Imperial Oil Ltd,…
BP begins North Sea Kinnoull field production
07/01/2015 by Mark
Oil giant BP has confirmed that it has begun production at a new site in the North Sea, marking the seventh new upstream project launched by the company during the past year. The reservoir at…
Shell set to team up with ST1
24/12/2014 by OilStoreAdministrator
Major oil manufacturer Shell has announced that it has agreed to sell sections of its downstream operations in Norway to Finnish company ST1, while also confirming a team-up with the energy business. ST1 is set…
Shell announces new educational scheme
26/11/2014 by Mark
The giant energy firm Shell has announced the launch of a new £1m programme of investment, designed to tackle the shortfall in engineering, technology, maths and science skills among Scottish schoolchildren. The programme is called
Production improvements see profits rise for Shell
11/11/2014 by OilStoreAdministrator
Despite the recent overall drop in oil prices, Shell enjoyed a significant increase in profits during the third quarter. A combination of reduced exploration
Participants set heavy driving test at Shell Rimula challenge
28/10/2014 by Mark
Those interested in testing their skills behind the wheels of heavy-duty vehicles were given the chance to do so recently at an event organised by the Shell oil company. The Shell Rimula Heavyweight Driving Challenge…
Mexico opens oil fields to private firms in bid to boost production
04/09/2014 by OilStoreAdministrator
Mexico’s government is to end the monopoly of its national oil firm Petróleos Mexicanos, or Pemex, allowing private companies access to the lion’s share of its prospective oil resources. The Government hopes that
Shell's US restructuring aims to provide stable future
20/08/2014 by Mark
The international oil company Royal Dutch Shell recently disclosed that it plans to restructure its business in North America in order to reduce costs. Shell will sell two of its
Exxon Mobil profits soar although production falls
06/08/2014 by Richard
The biggest gas and oil company in the US, Exxon Mobil, has experienced a large increase in its profits after recently cutting its spending on exploration and capital. The company has stated that
Shell makes third large oil discovery in Gulf of Mexico
23/07/2014 by Richard
The global fuel giant Royal Dutch Shell recently announced that it had found large amounts of oil equivalent in the Gulf of Mexico. The company’s Rydberg exploration well is
ExxonMobil lubricant R&D group marks centenary
25/06/2014 by Richard
The Equipment Builder Group, set up by ExxonMobil with the aim of improving the performance of machinery used in the food and drink industry, is celebrating a total of 100 years of innovation. The Group…