Shell to buy three billion litres of biofuel
15/11/2022 by greg
Shell has agreed to buy some three million litres of waste-derived ethanol from Raízen, its joint venture in Brazil, in a big push towards sustainable biofuel.
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…
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…
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…
Shell to acquire Europe’s largest producer of renewable gas
02/11/2022 by OilStoreAdministrator
Energy major Shell has come to a deal worth £1.66 billion to buy the entirety of Danish firm Nature Energy, which is Europe’s largest producer of biogas.
IEA: Energy-related carbon emissions to peak in 2025
02/11/2022 by Richard
The International Energy Agency (IEA) has predicted that carbon emissions resulting from energy generation will peak in just a few years in what it calls a “historic turning point”.
ExxonMobil makes yet more discoveries offshore of Guyana
01/11/2022 by Mark
In what has become a regular occurrence, the US-based energy major ExxonMobil has made two further discoveries in the Stabroek block off the coast of Guyana. According to the company, the drillship Stena Carron drilled…
Saudi Arabia signals willingness to supply more oil if needed
30/10/2022 by Katie
Prince Abdulaziz bin Salman, the energy minister of Saudi Arabia, has defended the recent controversial production cuts by the OPEC+ group, while signalling that his country stands ready to increase production again if upcoming sanctions…
US indicates further oil reserve releases
27/10/2022 by OilStoreAdministrator
Joe Biden, the US President, has indicated that his administration may release further oil from the country’s Strategic Petroleum Reserve (SPR) to bring down fuel prices.