Prax Group agrees to buy Total’s Lindsey Oil Refinery
02/08/2020 by OilStoreAdministrator
French oil company Total, which produces industrial products such as slideway oil and cutting fluid, has agreed to sell its Lindsey Oil Refinery in Lincolnshire to
Chevron uses solar power to pump oil
26/07/2020 by Richard
US oil major Chevron has found a novel use for solar power, namely to pump oil from its Lost Hills field in California, which produces
Pre-COVID US oil demand to return next year
24/07/2020 by Mark
According to the US Energy Information Administration (EIA), US oil demand will return to the 2019 average of 20.5 million barrels per day (bpd) by August 2021. The US is the world’s largest consumer of…
Total secures funding for LNG project
22/07/2020 by OilStoreAdministrator
French energy company Total has secured up to $16 billion to fund a key liquefied natural gas (LNG) project in
Shell Energy introduces solar battery tariff
20/07/2020 by Richard
Shell Energy, the energy supply arm of Royal Dutch Shell, has launched what it calls a “first of its kind” tariff
Deltic CEO positive about North Sea oil
16/07/2020 by OilStoreAdministrator
Graham Swindells, the CEO of Deltic Energy, has reinforced his company’s desire to invest in the North Sea oil and gas sector, saying that he sees the sector as being capable of recovering from the…
Shell and Deloitte publish joint report on shipping decarbonisation
14/07/2020 by Richard
Royal Dutch Shell, together with Deloitte UK and Deloitte Netherlands, has published a join report describing their research into the shipping industry’s views about decarbonising the sector. The report, titled
OPEC slashes production to post-Gulf War levels
12/07/2020 by Mark
Oil cartel OPEC has reduced its total oil output to its lowest level since 1991, when oil production in the Middle East was significantly disrupted. Bloomberg reports its
Shell mulls possible move to the UK
10/07/2020 by OilStoreAdministrator
Oil producer and lubricant manufacturer Royal Dutch Shell appears to be open to a change to its Anglo-Dutch structure, wherein it is incorporated in the UK but headquartered in the Netherlands. Instead, it would become…
Slicker Recycling acquires Re:Group
09/07/2020 by Mark
Workshop waste and oil recycling company Slicker Recycler has acquired Re:Group, another oil recycling specialist based in Hull. While advanced lubricants like
BP sells petrochemicals business for $5bn
06/07/2020 by OilStoreAdministrator
Oil major BP, which produces the Castrol range of lubricant products, has formalised an agreement to sell its petrochemicals business to UK-based chemicals company INEOS in a deal worth $5bn (approximately £4bn). The sale will
Oil giants look to hydrogen in post-COVID era
02/07/2020 by Mark
Bloomberg reports that oil companies are again eying hydrogen as a way to remain relevant during a future of uncertain oil demand and the transition to net-zero emissions. Hydrogen as a