Expert predicts US production rises in 2022
06/01/2022 by OilStoreAdministrator
IHS Markit’s vice chairman, Daniel Yergin, has predicted that US oil production could rise by as much as 900,000 barrels per
BP and Oceaneering successfully pilot remote ROV
04/01/2022 by Richard
In a first for the UK, Oceaneering International, a subsea technology and engineering company, has successfully piloted a remotely operated vehicle (ROV) for BP from its
GazProm boss cautious about oil market overheating
02/01/2022 by OilStoreAdministrator
The CEO of Gazprom Neft, Russia’s third-largest oil producer, has indicated that there is still a risk that the oil markets may overheat in 2022, although he said his company was working on increasing its…
Maersk Tankers and BP trial marine biofuel
28/12/2021 by Richard
A new biofuel for the shipping sector has been successfully trialled by BP, using two vessels chartered
Shell to make fuel from cow manure
24/12/2021 by Mark
Shell has announced its intention to begin making a low-carbon fuel based partly on cow manure.
Investors push back expectations for peak oil
22/12/2021 by Richard
According to a survey by Bloomberg Intelligence, investors now see the demand for oil peaking some years later than they
US reportedly not considering oil export ban
21/12/2021 by Katie
Reuters reports sources familiar with thinking in the White House as saying that the administration is not considering banning the export of crude oil in order to bring down
US producers continue adding rigs
20/12/2021 by OilStoreAdministrator
Despite recent falls in the price of oil due to concerns over the new Omicron variant, US oil producers continued to add more rigs for the
Russia credits OPEC+ for oil industry confidence
18/12/2021 by Mark
On the fifth anniversary of the OPEC+ agreement of December 2016, Alexander Novak, Russia’s Deputy Prime Minister, said that the deal had helped increase the confidence to invest
Shell shareholders back move to UK
16/12/2021 by Richard
The plans of Anglo-Dutch energy major Shell to move its tax residency to the UK have moved a step closer to realisation after shareholders
ExxonMobil to become carbon neutral in Permian Basin
13/12/2021 by greg
US-based oil major ExxonMobil has announced plans to make the greenhouse gas emissions of its operations in the US Permian Basin
BP supports including WTI in Brent benchmark
12/12/2021 by Mark
The Dated Brent benchmark, which is the basis of futures contracts for Brent Crude, may have the US WTI Midland grade added to it, with Reuters reporting having seen a document showing