Chevron showcases innovations on television show
23/10/2024 by OilStoreAdministrator
US-based oil major Chevron recently demonstrated some of its innovations on the television programme Tomorrow’s World Today, which shows on The Science Channel.
OPEC revises down demand growth predictions
22/10/2024 by Mark
In its latest Monthly Oil Market Report (MMOR), OPEC has revised down its forecasts for demand growth for this year and the next.
Libya oil production back to pre-dispute levels
21/10/2024 by Richard
Oil production in Libya has been restored to 1.3 million barrels per day (bpd) following the resolution of a political dispute over the Libyan central bank’s next governor.
TotalEnergies charters new LNG vessel
18/10/2024 by OilStoreAdministrator
France-based TotalEnergies has agreed to a contract with Ibaizabal, a ship owner based in Spain, to charter a new liquefied natural gas (LNG) bunker vessel.
Petronas celebrates 50th anniversary with F1 team visit
17/10/2024 by Mark
Malaysia-based oil and lubricant company Petronas has celebrated its 50th anniversary by welcoming the Mercedes–AMG Petronas Formula 1 team to the iconic Petronas Twin Towers in Kuala Lumpur.
ExxonMobil looking to boost Guyana production
16/10/2024 by Richard
Alistair Routledge, ExxonMobil’s country manager for Guyana, has told a press conference that the company is looking to boost its production.
Chevron to implement wearable tech to protect workers
15/10/2024 by OilStoreAdministrator
Together with Epicore Biosystems, Chevron has trialled using a skin patch to help its frontline workers stay healthy by monitoring their hydration levels.
BP to focus more on gas and oil production
14/10/2024 by Mark
Reuters reports that three sources have told it that BP is due to unveil a new strategy, whereby it will pivot back towards its traditional gas and oil business.
Hess's merger with Chevron passes antitrust review
11/10/2024 by Richard
US-based oil major Chevron has announced that the company’s merger with fellow US-based oil company Hess has passed an antitrust review.
TotalEnergies gives green light to Suriname development
10/10/2024 by OilStoreAdministrator
France-based TotalEnergies has announced that it and its partner APA Corporation have made a final investment decision for the Block 58 GranMorgu development offshore of Suriname.
BP agrees to develop Azerbaijan gas field
09/10/2024 by Mark
A BP-led consortium has come to an agreement with Socar, the state-owned oil company of Azerbaijan, to develop a new gas field in the Caspian Sea.
OPEC+ to increase production in December
08/10/2024 by Richard
Reuters quotes sources from OPEC+ as saying that the organisation will proceed with some increases in the production of crude oil from December.