Mobil adds additional grades to marine range
21/11/2022 by Mark
Leading lubricant brand Mobil has widened its range of oil for marine engines, enabling vessel operators to stop using oils developed for heavy-duty land vehicles and replace them with equivalent products that will continue to…
Saudi Arabia signals cautious approach to oil production
18/11/2022 by Mark
Speaking to Bloomberg TV in an interview, the energy minister of Saudi Arabia, Prince Abdulaziz bin Salman, has said that his country will continue to advocate caution in the OPEC+ group when it comes to…
US Permian Basin set for new record oil production
18/11/2022 by OilStoreAdministrator
According to the latest productivity report from the US Energy Information Administration (EIA), crude oil production in the Permian Basin is expected to rise to a new record of 5.499 million barrels per day (bpd)
ExxonMobil makes new discovery in Angola
17/11/2022 by Richard
As part of a redevelopment project for Angola Block 15, ExxonMobil has made its first discovery in the block for 20 years.
Shell to buy three billion litres of biofuel
15/11/2022 by greg
Shell has agreed to buy some three million litres of waste-derived ethanol from Raízen, its joint venture in Brazil, in a big push towards sustainable biofuel.
Guyana to use new rules for next oil tender
10/11/2022 by Mark
The vice president of Guyana, Bharrat Jagdeo, has said that the country will seek to increase its share of the revenue from future oil production in its waters by introducing new rules for the next…
Libyan oil chief expects no further disruption
08/11/2022 by Mark
Farhat Bengdara, the boss of Libya’s National Oil Corporation (NOC), has said that he does not anticipate any further disruptions to oil production in the country, which has raised its oil production to 1.2 million…
Shell and Deloitte release guide for fleet decarbonisation
06/11/2022 by greg
Professional services firm Deloitte has joined with energy major Shell to launch a new report aimed at helping fleet operators to understand the initial steps in embarking on a strategy of fleet decarbonisation.
Adnoc boss warns against halting oil investment
04/11/2022 by Mark
The CEO of the Abu Dhabi National Oil Company (Adnoc), Sultan Ahmed Al Jaber, has warned that continued investment in oil projects is needed to maintain the current level of global oil production and ensure…
BP makes improvements in North Sea operations
03/11/2022 by Mark
Together with its partners, BP has been making a series of improvements to its North Sea operations with the aim of increasing gas supply to the UK and reducing greenhouse gas emissions.
Shell signals willingness to pay more taxes
03/11/2022 by OilStoreAdministrator
As Shell posted third-quarter profits of $9.5 billion, its CEO, Ben van Beurden, said that it was ready to embrace higher taxes. He pointed out that with companies like Shell benefitting from high oil and…
IEA: Energy-related carbon emissions to peak in 2025
02/11/2022 by Richard
The International Energy Agency (IEA) has predicted that carbon emissions resulting from energy generation will peak in just a few years in what it calls a “historic turning point”.