Elon Musk says world still needs oil and gas
02/09/2022 by Richard
The founder of electric vehicle (EV) maker Tesla Inc., Elon Musk, has said that he accepts that the world will need to continue using oil and gas for the time being.
OEUK calls for politicians to support North Sea production
30/08/2022 by Richard
Offshore Energies UK (OEUK) has called on the UK Government to ensure that it continues to support the production of energy in the UK North Sea.
Chinese oil and gas production hits record high
25/08/2022 by Richard
Production of natural gas and crude oil in China has hit a new record in the first seven months of this year, according to
Barclays lowers oil price forecasts
22/08/2022 by Richard
Banking giant Barclays has slashed its price forecasts for both Brent and West Texas Intermediate (WTI) crude oil by
Government shortlists BP-led Teesside projects
21/08/2022 by Katie
Two prominent low-carbon projects in Teesside moved a step closer to initiation as the UK Government included them in the shortlist for
Aramco says it can quickly scale oil production to 12 million bpd
19/08/2022 by OilStoreAdministrator
Amin Nasser, the head of Saudi Aramco, has played down fears of there being limited spare capacity in Saudi Arabia
Shell repairs Gulf of Mexico pipeline
18/08/2022 by Mark
Two pipelines serving oil platforms in the US Gulf of Mexico have been quickly brought back online, allowing the affected
Shell begins process to sell Cambo stake
16/08/2022 by Richard
According to sources in the industry speaking to Reuters, Shell has initiated the process to sell
Iran nuclear talks end with final text
15/08/2022 by OilStoreAdministrator
Talks in Vienna with Iran to reinstate a nuclear deal have ended with European officials submitting a final draft agreement for consideration by
Conference programme released for Lubricant Expo
11/08/2022 by Richard
The organisers of one of Europe’s leading lubricant events, Lubricant Expo, have published the conference programme for this year’s event, which will take place in Essen, Germany on
OPEC+ agrees small production increase
10/08/2022 by OilStoreAdministrator
In a closed-door video meeting, representatives from the OPEC+ group of oil-producing countries agreed to increase their total production of crude oil by 100,000
Valvoline announces sale of lubricant business
09/08/2022 by greg
US-based Valvoline has agreed to sell its global lubricant business to Saudi Aramco in a