Industrial tech projects to receive £14 million in funding
15/10/2022 by Mark
The UK Government has announced a total of £13.7 million in funding for 12 projects under the Made Smarter Innovation Challenge of the UKRI’s Sustainable Smart Factory Competition, which focuses on supporting improved productivity through…
BP submits bid for HyGreen Teesside
15/10/2022 by greg
Energy major BP has submitted its bid to the Net Zero Hydrogen Fund (NZHF) and Hydrogen Business Model (HBM) of the UK Government for its proposed HyGreen Teesside hydrogen facility.
Shell UK signs long-term partnership with British Cycling
14/10/2022 by OilStoreAdministrator
The UK arm of energy and lubricant company Shell has pledged a wide-ranging package of long-term support for British Cycling as one of its official partners.
Norway set to generate record oil and gas revenues
13/10/2022 by Richard
With the production of oil and liquids set to increase markedly next year, Norway’s draft budget predicts that petroleum revenues will reach a new record high next year.
SMMT: UK automotive needs investment not handouts
12/10/2022 by Katie
The Society of Motor Manufacturers and Traders’ (SMMT) chief executive, Mike Hawes, has said that the UK automotive sector does not need government handouts but rather a renewed focus on investment.
New round opens for UK oil and gas licenses
12/10/2022 by OilStoreAdministrator
The UK Government has initiated a new licensing round for oil and gas exploration in the North Sea, with it covering almost 900 locations, divided over up to 100 licenses.
OPEC+ cuts crude oil production
11/10/2022 by Mark
The OPEC+ group of oil producing countries, which includes OPEC members and some participating non-member countries, has agreed to cut crude oil production by 2 million barrels per day (bpd), which is higher than analysts’…
TotalEnergies to work on decarbonizing cement plant
10/10/2022 by Richard
Energy major TotalEnergies has signed a memorandum of understanding (MoU) with the Belgian cement manufacturer Holcim to work on solutions aimed at decarbonising one of its cement manufacturing plants.
Startup Arrival produces first electric van
09/10/2022 by greg
Arrival, a listed startup that is back by Hyundai, has produced its first battery electric van using its micro-plant concept.
Shell CEO says governments may need to tax energy companies
07/10/2022 by OilStoreAdministrator
Ben van Beurden, the chief executive of energy major Shell, has suggested that governments may need to look at taxing energy companies more to relieve the soaring energy bills of poorer consumers.
New consortium formed to advance additive manufacturing
06/10/2022 by Mark
A new consortium has been formed to advance the productivity of wire arc additive manufacturing (WAAM), with members including leading academics, scale-ups and engineering firms for Europe and the UK.
OPEC production highest since 2020
06/10/2022 by Mark
A survey by Reuters reports that total crude oil production among OPEC member nations in September was at its highest level since 2020 at 29.81 million barrels per day (bpd), with production increasing by 210,000…