OPEC+ delays unwinding production cuts
13/09/2024 by Marca
The OPEC+ group, which comprises OPEC members combined with some other big oil-producing countries, has decided to delay unwinding some of its production cuts over concerns about weakening demand.
Petronas releases film celebrating the caring culture of Malásia
12/09/2024 by Administrador da Loja de Óleo
Malásia’s state-owned energy company Petronas has announced the release of a film celebrating the country’s culture of caring – something that helps unite the diverse population.
TotalEnergies announces floating offshore pilot project
11/09/2024 by Ricardo
França-based TotalEnergies has announced an innovative pilot project aimed at decarbonising one of its offshore platforms in the UK North Sea.
World first innovation announced by Chevron
10/09/2024 by Marca
US-based oil major Chevron has announced that a hydrogen-powered ferry it has supported has begun carrying commercial passengers across San Francisco Bay in California.
Guiana sees jump in GDP thanks to oil production
09/09/2024 by Administrador da Loja de Óleo
The small South americano country of Guiana has reported that its real gross domestic product (GDP) increased by 49.7% for the first half of this year, thanks to increased oil and gas revenues.
Oil prices drop as OPEC+ mulls production increases
06/09/2024 by Ricardo
The price of crude oil dropped slightly following reports that the OPEC+ group is likely to go ahead with unwinding some of the production cuts it has made to stabilise the market.
Chevron says captured carbon could create renewable fuel
05/09/2024 by Marca
US-based oil major Chevron has detailed how it is researching ways to convert captured carbon into renewable fuels.
ExxonMobil warns of energy supply shortage
04/09/2024 by Administrador da Loja de Óleo
In the latest edition of its Global Outlook, US-based oil major ExxonMobil has joined OPEC in warning about potential shortages of oil and gas if investments are not made to develop new oil and gas…
ExxonMobil to sell conventional Permian assets
03/09/2024 by Ricardo
Bloomberg reports that ExxonMobil is looking at divesting about a billion dollars in conventional oil and gas assets located in the Permian Basin of West Texas and New México.
ExxonMobil says Guiana production back on track
02/09/2024 by Marca
US-based oil major has announced that the consortium that it leads has returned oil production in Guiana back to full capacity following pipeline work.
A guide to hydraulic oils
30/08/2024 by Administrador da Loja de Óleo
To keep different types of mechanical equipment operating on top form, a wide range of greases, oils and fluids are deployed. While some of these lubricants are designed for general purposes, others are specifically designed…
BNEF predicts sharper rise in US oil production
30/08/2024 by Administrador da Loja de Óleo
The growth in crude oil production in the US is set to accelerate next year, thanks to improvements in well efficiency.