New Shell boss simplifies executive structure
06/02/2023 by OilStoreAdministrator
Wael Sawan, who took over the top job at Shell this year, has announced plans to merge some of its operational divisions, reducing the number of members on its executive committee from nine to seven.…
QatarEnergy joins Lebanon venture
03/02/2023 by Richard
Qatar’s state-owned energy company, QatarEnergy, is set to join TotalEnergies and Eni in a consortium to explore two offshore blocks mostly in Lebanese waters, according to an announcement from Lebanon’s energy ministry.
Libya targets oil production of 2 million bpd
02/02/2023 by Mark
According to the country’s oil minister, Libya is working towards increasing its crude oil production to some 2 million barrels per day (bpd), with the extra production being destined for both increased domestic use and…
Shell and TotalEnergies start gas production in Oman
31/01/2023 by OilStoreAdministrator
Energy majors TotalEnergies and Shell have started producing natural gas from the Mabrouk North-East field in onshore Oman as part of their Block 10 concession.
IEA predicts record oil demand
27/01/2023 by Mark
In the first of its monthly oil reports for this year, the IEA predicts that the global demand for oil will reach a new record high this year, with almost half the demand growth being…
BP to look at repurposing oil and gas facilities
25/01/2023 by Richard
UK-based energy major BP has announced plans to conduct a feasibility study for a new hydrogen hub at Wilhelmshaven, Germany, with the intention being to repurpose some of its existing oil and gas infrastructure to…
Guyana's oil attracts international interest
23/01/2023 by OilStoreAdministrator
Reuters reports sources familiar with the oil industry as saying that the forthcoming bidding round for Guyana’s offshore areas is piquing the interest of oil companies in Asia, India and Europe.
Chinese GDP data keeps oil prices steady
20/01/2023 by Richard
China has released its GDP data for last year, and despite the oil markets eagerly anticipating it, the news has failed to trigger any substantial movements in oil prices.
Norway awards 45 new exploration licenses
19/01/2023 by Mark
The Ministry of Petroleum and Energy of the largest producer of crude oil in Western Europe, Norway, has issued 45 new exploration licenses to some 25 companies as part of its APA 2022 licencing round,…
Norway expects continuing high levels of oil and gas production
18/01/2023 by Richard
According to the Norwegian Petroleum Directorate (NPD), the country will continue producing natural gas at near record highs, while the ramping up of production in the massive Johan Sverdrup field will contribute to a 6.9%…
BP appoints executive from Equinor to lead ventures division
17/01/2023 by Mark
UK-based energy company BP has recruited Gareth Burns to lead its worldwide ventures business.
Shell makes digitalisation agreement with Kabal
15/01/2023 by Katie
Energy company Shell, which is now headquartered in the UK, has come to a global agreement with Kabal, which provides software as a service (SaaS) solutions to energy companies to support their supply chains and…