Shell agrees to buy BP’s stake in North Sea field
30/06/2021 by Mark
BP has agreed to sell its stake in the Shearwater gas hub in the North Sea to Shell.
Compressor oil market to be fuelled by emerging economies
26/06/2021 by Richard
The global market for compressor oil is set to grow at a CAGR of 4.6% over the next decade, with it being worth an expected $26.7 billion this year, according to a new report from
BP contemplates spinning off Iraq assets
24/06/2021 by Mark
The Wall Street Journal has reported sources as saying that the oil giant BP is considering spinning off its operations in Iraq into a new company that will distribute profits through dividends and
IEA calls for greater oil production
22/06/2021 by Richard
The Paris-based International Energy Agency (IEA) has called for the OPEC+ group to begin pumping more oil in order to ensure the world’s energy demands are met as it
Shell considers $10 billion Permian exit
20/06/2021 by OilStoreAdministrator
Reuters has reported that oil and lubricant producer Shell is considering selling a portion or all of its assets in the Permian Basin, an area that has provided much of the oil and gas production…
Shell to accelerate emission cuts
16/06/2021 by Richard
Following a recent court ruling in the Netherlands, CEO Ben van Beurden has written in a LinkedIn post that Shell will step up its efforts to reduce emissions.
BP CEO sees demand for oil growing
14/06/2021 by OilStoreAdministrator
Bernard Looney, the Chief Executive of BP, has said that he expects a strong and long-lasting recovery in the demand for crude oil, combined with continued restraint from
Shell chair chosen to lead innovation agency
12/06/2021 by Mark
Sir Andrew Mackenzie, who is currently the company chair of Shell, has been selected as the favoured candidate to lead the UK Research and Innovation (UKRI) agency. If his appointment is confirmed by the House…
How did Morris Lubricants mark 150 years of excellence?
09/06/2021 by OilStoreAdministrator
Morris Lubricants has an esteemed heritage. From its humble origins in the 19th century, it has risen to become one of the biggest lubrication
OPEC+ holds steady on oil production
08/06/2021 by Mark
Oil prices received a boost following June’s meeting of the OPEC+ group, after it announced that it was not going to revise its planned increase of 840,000 barrels per
BP to enhance North Sea oil production
06/06/2021 by OilStoreAdministrator
Oil major BP is to partner with Norwegian company Oldfjell Drilling and Baker Hughes to improve its production at the biggest oil field in the
Suncor to cut emissions by a third
02/06/2021 by Mark
Suncor, one of Canada’s biggest oil producers, has said it plans to cut its emissions by a third by the end of the decade, while also increasing its oil production to a record 800,000 barrels…