Saudi Arabia looks to boost oil price before Aramco IPO
04/12/2019 by Mark
Saudi Arabia is expected to push for measures to boost oil prices ahead of the upcoming initial public offering (IPO) of Saudi Aramco, the country’s state-owned oil company, which is also the largest oil company…
US shale to pump more oil than Russia
18/11/2019 by OilStoreAdministrator
Despite recent signs of a slowdown and less-than-optimistic forecasts for future production growth, the International Energy Agency (IEA) believes
US oil production growth set for major slowdown
14/11/2019 by Mark
The growth in US oil production may be running out of steam, according to IHS Markit’s latest outlook for oil market fundamentals. According to IHS Markit’s vice president for North American uncoventionals, Raoul LeBlanc, production…
Brazil looks to more than double oil production
12/11/2019 by OilStoreAdministrator
Bento Albuquerque, Brazil’s Energy Minister, has said the country can potentially more than double its oil production, although he did not indicate how quickly this could be realised. Currently, the
IEA says oil markets could be oversupplied in 2020
04/11/2019 by Richard
The Paris-based International Energy Agency (IEA) has said in its latest monthly report that it expects oil markets to show a supply surplus in 2020 in the absence of a strong recovery in demand.
Shell publishes cylinder oil guidance for IMO 2020
28/10/2019 by Richard
Shell’s marine-oriented arm has published a new whitepaper providing guidance for ship operators as they transition to meet the low-sulphur caps being introduced by the IMO at the start of next year. The whitepaper,
ExxonMobil signs MoU with the Indian Institute of Technology
21/10/2019 by Mark
Energy major ExxonMobil has announced that it has entered into a Memorandum of Understanding (MoU) with the Indian Institute of Technology, specifically at its Bombay and Madras locations, to further research into
ExxonMobil to sell upstream Norway assets for $4.5bn
03/10/2019 by Mark
Oil major ExxonMobil has announced that it has signed an agreement to sell its non-operated Norwegian upstream assets. Under the
Saudi Aramco expects full production again soon
30/09/2019 by Richard
Saudi Aramco, the state-owned oil company of Saudi Arabia, says it expects to restore full production levels by the end of September. Two oil facilities at
ExxonMobil strikes oil again offshore of Guyana
24/09/2019 by Richard
Oil major ExxonMobil has made yet another discovery in the waters offshore of Guyana in South America, the 14th so far. The find was made in
New Saudi energy minister signals deal to stay
18/09/2019 by Mark
The new energy minister of Saudi Arabia, Prince Abdulaziz bin Salman, has signalled that the production-limiting deal between OPEC and
Liza Destiny arrives in Guyana
09/09/2019 by Richard
Following its construction in Singapore and a 42-day journey, the Liza Destiny has arrived in the waters offshore of Guyana, making it