Shell CEO sets out five aims for the UK
20/06/2022 by OilStoreAdministrator
Speaking at the company’s Powering Progress UK summit for contractors and staff, Shell’s CEO, Ben van Beurden stated five clear goals
EV startup to build UK manufacturing hub
18/06/2022 by Mark
REE, a startup to build electric vehicles (EVs), has announced that it will build a new manufacturing hub in Coventry at a cost of about £12.1 million, giving a boost to the automotive industry in…
Occidental thinks CCS market could be worth $5 trillion
17/06/2022 by Richard
US-based oil company Occidental Petroleum has predicted that the market for carbon capture and storage (CCS) could be worth trillions of dollars in future.
Chevron Philips to expand PAO production in Belgium
16/06/2022 by Mark
Chevron Philips Chemical Co. LLC (CPChem), a petrochemical joint venture owned by Phillips 66 and Chevron, has announced its intention to build a new unit at its Beringen petrochemical plant in Belgium to boost the…
Report finds Midlands popular with manufacturers and start-ups
15/06/2022 by Katie
In a recent report based on Quantuma’s Clarity data model, the Midlands has been revealed to have a flourishing manufacturing sector, together with good growth prospects. It also appears to be somewhat of a hotspot…
Shell and Equinor sign Tanzania deal
15/06/2022 by OilStoreAdministrator
Norway-based Equinor and UK-based Shell have moved a $30 billion LNG project in Tanzania a step closer by signing an outline agreement with the country’s government.
Global oil production almost back to pre-pandemic levels
14/06/2022 by Richard
According to new estimates from the US Energy Information Administration (EIA), the global production of crude oil is now back to within 1% of the level seen just
BP outlines UK investment plans
13/06/2022 by Mark
Speaking at a business summit organised by the North East England Chamber of Commerce, BP’s Head Of Country for the UK, Louise Kingham, gave a speech about BP’s investment
Safety-Kleen announces new range of sustainable base oils
12/06/2022 by Mark
Used oil recycler Safety-Kleen has launched its new KLEEN+ family of base oils, which it claims are both more sustainable and superior in quality when compared to base oils refined from
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