IEA predicts oil surplus this decade
19/06/2024 by Richard
In this year’s report on the medium-term outlook for the crude oil market, the International Energy Agency (IEA) has forecasted that the markets will be oversupplied this decade.
Chevron helps boost last mile schools
18/06/2024 by Mark
Last mile schools are so called because they are in locations that are so isolated that they often require travelling along
Petronas and Sinopec explore collaboration options
17/06/2024 by OilStoreAdministrator
China Petrochemical Corporation (Sinopec) and Petronas, Malaysia’s state-owned energy company, have both signed a memorandum of understanding (MoU) to explore how
Sulzer selected to help develop subsea CO2 pumps
14/06/2024 by Richard
TechnipFMC has selected Sulzer Flow Equipment to help it develop new CO2 pumps for separating oil and natural gas that is rich in
TotalEnergies buys UK power plant
13/06/2024 by Mark
TotalEnergies has purchased West Burton Energy, which owns and operates a gas-fired power station in
TotalEnergies announces progress on Suriname Block 58 project
12/06/2024 by OilStoreAdministrator
France-based TotalEnergies has made significant progress towards a final investment decision (FID) on Block 58 in Suriname, according to the company’s senior vice president for exploration and production in the Americas.
Analyst says shale mergers will stabilise oil prices
11/06/2024 by Richard
The wave of mergers and acquisitions (M&As) in the US shale industry will help oil prices to stabilise according to Jason Gabelman, an analyst at TD Cowen.
Oil prices slip following OPEC+ decision
10/06/2024 by Mark
At its latest meeting, the OPEC+ group has agreed to extend its current production cuts, but oil prices slipped slightly following the news.
TotalEnergies venture to study Tunisian hydrogen project
07/06/2024 by OilStoreAdministrator
TE H2 and Austrian electricity firm VERBUND have recently signed a memorandum of understanding (MoU) with the Tunisian Government.
Hess shareholders to approve Chevron acquisition
06/06/2024 by Richard
The shareholders of oil company Hess Corporation have given their approval to the all-stock acquisition by Chevron, which is said to be worth $53 billion.
Paratherm EC System Cleaner
05/06/2024 by Mark
Large systems that are in continuous operation often rely on heat transfer fluids (HTFs) for processes like
A guide to wire rope lubricants
05/06/2024 by OilStoreAdministrator
Cable or wire rope is an integral part of many machines and structures, including cranes, lifts, shovels, drilling rigs, and suspension bridges. These are used in industries such as