Libya’s oil production continues to rise
02/01/2021 by OilStoreAdministrator
The lifting of the blockade in Libya continues to yield benefits for the countries oil industry, which was brought almost to a standstill for eight months when oilfields and ports were
Shell writes down oil and gas assets
30/12/2020 by Richard
Anglo-Dutch oil major Royal Dutch Shell has announced its intention to write down its oil and gas assets by $3.5 billion as it adapts to a new
US looks at pipelines for Middle East oil
28/12/2020 by Mark
Dan Brouillette, the US Energy Secretary, is floating the idea of using pipelines as an alternative to tankers for transporting oil from the Middle East. This would reduce the reliance on tankers needing to pass…
OPEC lowers its 2021 demand forecast
26/12/2020 by OilStoreAdministrator
The OPEC group has slightly downgraded its expectations for a resurgence in demand next year, citing a slow recovery in
Shell backs hydrogen plane start-up
22/12/2020 by Richard
Anglo-Dutch oil major Royal Dutch Shell has lent its backing to California-based start-up ZeroAvia, which aims to develop
Exxon Mobil to reduce emissions intensity
20/12/2020 by OilStoreAdministrator
Oil major Exxon Mobil has set itself the target of lowering the intensity of emissions from greenhouse gasses on
Denmark ends North Sea exploration
18/12/2020 by Mark
As part of its long-term commitment to end all fossil fuel extraction by 2050, Denmark has called an immediate end to oil and gas exploration in its area of the North Sea.
Norway to end oil production cuts
16/12/2020 by Richard
The largest oil producer in Western Europe, Norway, has announced it will end its government-imposed cuts at the end of
BP to increase its presence in Middle East
14/12/2020 by OilStoreAdministrator
Despite its plans to transition to more green energy generation, BP has announced it intends to invest more in oil and gas operations in
New IOGP director appointed
12/12/2020 by Mark
A leader in the oil and gas upstream industry, Iman Hill, has been appointed – effective immediately – as the new Executive Director of the
OPEC+ group agrees modest production increase
10/12/2020 by Richard
The recent OPEC+ meeting concluded with a compromise that will see it participants begin to slowly ramp up production again from
US oil production on the rise
08/12/2020 by OilStoreAdministrator
According to the new monthly report from the US Energy Information Administration (EIA), oil production in the US is rising once more, although it still has some way to go before it reaches