BP brings Seagull tieback online
13/11/2023 by OilStoreAdministrator
UK-based energy giant BP has announced that it has successfully initiated production in the Seagull field.
Petronas discovers oil offshore of Suriname
09/11/2023 by Katie
The Malaysian state-owned energy company Petronas has discovered oil within the Roystonea-1 well while exploring Block 52 offshore of Suriname.
US crude production above pre-pandemic levels
09/11/2023 by Mark
According to recent data from the US Energy Information Administration, the production of crude and condensate in the United States surpassed pre-pandemic levels in August.
Shell meets profit expectations
08/11/2023 by OilStoreAdministrator
Shell has posted its third-quarter earnings, and with them being roughly in line with analysts’ expectations, it has avoided the drop in share price that BP experienced after it recently announced disappointing financial results.
BP boss plays down talk of a takeover
06/11/2023 by greg
Murray Auchincloss, the acting CEO of energy giant BP, has dismissed speculation that his company could be
Exxon and Chevron post lower-than-expected profits
03/11/2023 by Mark
Both Chevron and ExxonMobil have posted profits for the third quarter that were below market expectations, amid a backdrop of
Equinor increases oil production by 13%
03/11/2023 by Richard
The state-owned Norwegian energy company Equinor has reported that its oil production in the third quarter of this year increased by 13% compared to the same period last year.
EIA: Limited scope for increased Venezuelan oil production
02/11/2023 by Mark
The US Energy Information Administration has released an assessment of how crude oil production may increase in Venezuela.
TotalEnergies and ExxonMobil among bidders for Guyana blocks
01/11/2023 by OilStoreAdministrator
Reuters reports that oil majors TotalEnergies and ExxonMobil are among the consortia that have placed bids in the inaugural competitive auction for shallow-water exploration blocks offshore of Guyana.
Chevron to buy Hess
30/10/2023 by Mark
US-based oil major Chevron has announced that it has come to a definitive agreement to acquire Hess Corporation in its entirety for
Oil to become biggest US export
27/10/2023 by OilStoreAdministrator
Crude oil is set to become the United States’ largest single export product for the first time in the country’s history, as it secures its place as the world’s biggest oil producer.
Venezuela could boost crude oil production
24/10/2023 by greg
Following an easing of sanctions by the US against Venezuela, a number of analysts polled by Bloomberg have come to the conclusion that the country could increase its production of crude oil by 25%, potentially…