BP appoints new chairman
29/07/2025 by OilStoreAdministrator
UK-based energy company BP has announced the appointment of Albert Manifold to serve as its new chairman from this autumn.
Chevron completes Hess takeover
28/07/2025 by Mark
US-based oil major Chevron has now completed its acquisition of Hess Corporation after a favourable ruling over Hess’s Guyana interest.
TotalEnergies signals lower sales from hydrocarbons
25/07/2025 by Richard
In a released trading statement, TotalEnergies has warned that its revenues for oil and gas production are likely to drop in the second quarter.
UK manufacturing exceeds pre-pandemic levels
24/07/2025 by OilStoreAdministrator
Manufacturing in all regions of the UK surged past levels seen prior to the COVID-19 pandemic according to a new report by Make UK and BDO.
BP points to higher hydrocarbons production
23/07/2025 by Mark
In its 2025 second quarter trading statement, BP has indicated that it expects its hydrocarbons production to rise.
Chevron supports flood relief efforts in Texas
22/07/2025 by Richard
US-based oil major Chevron has announced that it will donate to three organisations supporting relief efforts after the floods in West and Central Texas.
OPEC report says no peak oil in sight
21/07/2025 by OilStoreAdministrator
OPEC’s latest World Oil Outlook predicts that the global demand for crude oil will rise to 123 million barrels per day (bpd) by 2050.
Shell and BP sign agreements with Libya
18/07/2025 by Mark
UK-based oil majors BP and Shell have signed agreements to work on potentially developing hydrocarbon assets in Libya, which has become Africa’s biggest oil producer.
EIA downgrades US oil production forecast
17/07/2025 by Richard
In its latest Short-Term Energy Outlook, the US Energy Information Administration (EIA) has slightly revised the expected growth of oil production in the US.
BP to sell Dutch retail sites and charging hubs
16/07/2025 by OilStoreAdministrator
Oil major BP has announced that it has agreed to sell its network of retail sites and associated fleet in the Netherlands to Catom.
Petronas announces first shipment from LNG Canada
15/07/2025 by Mark
Malaysia-based Petronas has announced the departure of the first cargo of liquefied natural gas (LNG) from its LNG Canada facility in British Columbia, Canada.
OPEC+ raises production by more than expected
14/07/2025 by Richard
In a surprise move, OPEC+ has announced that it will raise its target production level by 548,000 barrels per day (bpd) for August.