Chevron to triple-frac almost half of Permian wells
08/08/2025 by Richard
US oil major Chevron says it expects to use “triple-frac” technology on nearly half of its new wells in the Permian Basin this year.
TriGen proposes profitable way of decarbonising gas and oil
06/08/2025 by Mark
Writing in Innovation News Network, TriGen CEO Pieter Kapteijn has outlined an economically viable strategy whereby gas and oil production can be decarbonised.
The benefits of using biodegradable hydraulic oil
04/08/2025 by Mark
Hydraulic oil is a specialist fluid designed for power transfer in a wide range of mechanical systems and equipment.
How CPI gear oils extend equipment life
02/08/2025 by Mark
Today, most industrial operations and the hardworking machinery they employ depend on high-quality lubricants like gear oil.
OPEC+ meeting sticks to current plan
31/07/2025 by OilStoreAdministrator
At the 61st meeting of the Joint Ministerial Monitoring Committee (JMMC), the OPEC+ group offered no signs of changing policy.
BP appoints new chairman
29/07/2025 by OilStoreAdministrator
UK-based energy company BP has announced the appointment of Albert Manifold to serve as its new chairman from this autumn.
Chevron completes Hess takeover
28/07/2025 by Mark
US-based oil major Chevron has now completed its acquisition of Hess Corporation after a favourable ruling over Hess’s Guyana interest.
OPEC report says no peak oil in sight
21/07/2025 by OilStoreAdministrator
OPEC’s latest World Oil Outlook predicts that the global demand for crude oil will rise to 123 million barrels per day (bpd) by 2050.
EIA downgrades US oil production forecast
17/07/2025 by Richard
In its latest Short-Term Energy Outlook, the US Energy Information Administration (EIA) has slightly revised the expected growth of oil production in the US.
OPEC+ raises production by more than expected
14/07/2025 by Richard
In a surprise move, OPEC+ has announced that it will raise its target production level by 548,000 barrels per day (bpd) for August.
Morrison’s owner joins Castrol bidders
10/07/2025 by Mark
Sky News recently reported that private equity firm Clayton Dubilier & Rice (CD&R) has joined the list of suitors to buy the Castrol business from BP.
Shell formally denies BP takeover approach
03/07/2025 by OilStoreAdministrator
UK-based Shell has put to rest speculation that it has approached fellow UK oil major BP about acquiring the company.