Prince Abdulaziz bin Salman warns against speculation
30/05/2023 by Katie
The oil minister of Saudi Arabia, Prince Abdulaziz bin Salman, has warned speculators that they may be “ouching” again if they try to profit from anticipating the OPEC+ group’s production decision at its nex
Morris Lubricants to present at The Arable Event
30/05/2023 by OilStoreAdministrator
Shropshire-based Morris Lubricants will feature among the speakers at this year’s Arable Event, a one-day where stakeholders in the agricultural sector share their knowledge and expertise.
Why lubricating wire rope is important
30/05/2023 by Richard
Extensive practical experience has proven that the active service life of wire rope can be optimised by following two important steps. The first is using the correct
Chevron acquires PDC Energy
29/05/2023 by OilStoreAdministrator
The second-largest oil producer in the US, Chevron, is to expand its US operations with the purchase of PDC Energy, which produces oil in the Permian Basin of Texas and New Mexico.
Shell Starship 3.0 to use renewable natural gas
27/05/2023 by greg
The next iteration of Shell’s Starship, a technology platform to demonstrate how the heavy transport sector can decarbonise, will test renewable natural gas as a fuel.
OPEC boss warns against underinvestment
26/05/2023 by Richard
Haitham Al Ghais, the Secretary General of OPEC, has warned that failing to invest in the oil and gas sector risks causing market instability and hindering economic growth in the future.
JLR leaning toward building UK battery plant
25/05/2023 by Mark
The BBC reports that the owner of Jaguar Land Rover (JLR), Tata, is leaning towards building a new battery plant in the UK at Somerset’s Gravity business park.
Shell complements deep sea exploration with AI technology
24/05/2023 by marc-claude_ghibert
Energy giant Shell has done a deal with SparkCognition, which specialises in big-data analytics, to use its AI-based technology in its exploration and production activities.
UK carmakers warn about post-Brexit trade rules
24/05/2023 by OilStoreAdministrator
Automotive companies Ford and Stellantis have warned that changes will be required to the trading rules with the European Union if their UK manufacturing facilities are to continue being economically viable.
Venezuela to reinvigorate oil production
23/05/2023 by Richard
Reuters reports that the new management team at PDVSA, the state-owned oil company of Venezuela, is planning to increase its oil production to 1.17 million barrels per day (bpd) by the end of this year.
TotalEnergies preparing to implement Iraq projects
22/05/2023 by Mark
France-based energy giant TotalEnergies is reportedly engaging with the Basrah Oil Company of Iraq, which is state owned, to agree some key contracts ahead of
Castrol launches Fastscan app for independent workshops
21/05/2023 by marc-claude_ghibert
Leading lubricant brand Castrol has released a new app to reward the owners of independent workshops when they make qualifying purchases of Castrol products.