New decommissioning tool begins tests
10/06/2022 by OilStoreAdministrator
A programme of feasibility testing has begun for a new tool developed by Clearwell Technology that promises to radically reduce the cost of decommissioning oil and
Castrol showcases carbon-neutral automobile workshop
09/06/2022 by greg
Together with car maintenance firm German Experts, Castrol has announced the first automobile workshop in the Middle East to become
Markets may see more crude from Venezuela and Iran
09/06/2022 by Richard
According to various sources, the United States may ease sanctions on Iran and Venezuela to allow more crude oil to
OPEC+ agrees to boost production
08/06/2022 by Mark
At a meeting of ministers from 13 OPEC member countries and 10 associated non-OPEC countries, the OPEC+ group decided to advance its timetable for increasing crude oil production. Output had been planned to rise by…
Shell gets go ahead for Jackdaw field
07/06/2022 by OilStoreAdministrator
UK regulators have given approval for Shell to develop the Jackdaw gas field, which could potentially produce about 6.5% of the UK’s
Prologis and Britishvolt team up for battery scale-up facilities
06/06/2022 by Katie
In what could potentially help ensure the future of the UK automotive industry, battery firm Britishvolt has teamed up with Prologis, a real estate and logistics company, to establish a new facility in the West…
Start-ups join TotalEnergies’ accelerator
06/06/2022 by Richard
TotalEnergies has inaugurated its new start-up accelerator, named TotalEnergies On, and welcomed the
OPEC asked by G7 to raise output
03/06/2022 by Mark
Following a meeting in Germany of the G7’s environment and energy ministers, the group has, in the meeting’s final communique, urged OPEC and other oil and gas producers to
Oil production in Permian to grow faster than in Iraq
03/06/2022 by Mark
According to new research from Rystad Energy, oil production in the United States’ prolific Permian Basin will grow
Iraq plans to boost oil output to five million bpd
02/06/2022 by OilStoreAdministrator
The second-largest oil producer in OPEC, Iraq, is planning to increase its oil production from the current 4.8 million barrels per day (bpd) to 5 million bpd by 2025, according to
Aramco considers buying Valvoline’s commercial arm
01/06/2022 by Richard
Saudi Aramco, which recently overtook Apple to become the world’s most valuable company, is reportedly considering acquiring the non-retail
IndyCar Series to use Shell renewable fuel
31/05/2022 by Mark
America’s NTT IndyCar Series is set to show that racing can take place in an environmentally friendly way by switching to a fully renewable fuel