Shell becomes corporate member of IRU
26/09/2022 by Mark
Energy major Shell has joined IRU, a global organisation for road transport, as a corporate member in order to enhance its engagement with the commercial transport sector in its efforts to decarbonise.
What oils should you use in classic cars?
26/09/2022 by Richard
Classic or vintage vehicles can be the pride of any car collector’s fleet. While simply showcasing a stationary vehicle involves a certain amount of care to preserve its appearance,
World’s demand for crude oil dropped in July
24/09/2022 by greg
Fresh data from the Joint Organizations Data Initiative (JODI) has revealed that the global demand for crude oil dropped by 1.1 million barrels per day in July, a month that normally sees
UAE to speed up oil production boost
23/09/2022 by Richard
The United Arab Emirates is planning to maximise its revenue from crude oil by increasing its production capacity at a faster rate than was previously announced, according to Bloomberg sources acquainted with the matter.
Oil exports from Basra terminal return to normal
22/09/2022 by OilStoreAdministrator
The Basra Oil Company (BOC) of Iraq has announced that loading and export activity at the Basra oil terminal has returned to normal rates after an oil spill caused it to scale back operations.
Oman agrees exploration deal with TotalEnergies and Shell
21/09/2022 by Mark
The local subsidiaries of energy majors Shell and TotalEnergies have finalised an agreement with Oman to explore the country’s onshore Block 11 and share any subsequent production.
South Sudan to prioritise growing oil production
21/09/2022 by Mark
Riek Machar, the First Vice President of South Sudan, has said that his country will proceed with its goal of increasing crude oil production to 230,000 bpd within two years, even if it means leaving…
Global oil production rose by 790,000 bpd in August
20/09/2022 by Richard
According to the latest Oil Market Report from the International Energy Agency (IEA), the world’s production of crude oil rose by 790,000 barrels per day (bpd) in August, driven by increased production in Libya, Saudi…
Shell announces successor to van Beurden
19/09/2022 by OilStoreAdministrator
The UK-based energy giant Shell has confirmed recently reported rumours that longstanding CEO Ben van Beurden is to step down, and his successor has also been announced.
Permian Basin oil production to set new record
18/09/2022 by Katie
In its latest Drilling Productivity Report, the Energy Information Administration (EIA) has predicted that crude oil production in the prolific Permian Basin will
FUCHS completes partnership with DMG MORI
16/09/2022 by Mark
Leading lubricant maker FUCHS has completed its partnership with DMG MORI, a specialist maker of machine tools, by signing a contract between the two companies’ American subsidiaries.
Rachel Eade appointed as new UKMC chair
15/09/2022 by greg
The UK Metals Council (UKMC) has appointed Rachel Eade MBE as its new chairperson, the first time a woman has led the organisation in its 20-year history.