TotalEnergies announces arrival of Lebanon drilling rig
24/08/2023 by Mark
Reuters reports that France-based energy and lubricant firm TotalEnergies has said that the TransOcean Barents drilling rig has now arrived offshore of Lebanon in preparation for exploration activity.
Spending on oil and gas exploration expected to recover
24/08/2023 by Richard
While investment in exploring for new oil and gas resources hit a historic low in the wake of the COVID-19 pandemic, Wood Mackenzie says in a new report that it will recover to
Report indicates that US shale may have peaked
23/08/2023 by OilStoreAdministrator
A new report from Enverus subsidiary Enverus Intelligence Research (EIR) has concluded that the US shale industry will find it more difficult to
BP invests in green hydrogen start-up
22/08/2023 by Richard
Energy firm BP has joined a number of companies in investing a total of $12.5 million in the Series A financing round for Advanced Ionics, a US-based start-up working on technology to make the production…
Advanced manufacturing gets first Investment Zone
21/08/2023 by greg
South Yorkshire is to host the UK’s first Investment Zone for advanced manufacturing, potentially giving a boost for
Infineum agrees distribution deal with World Fuel Services
21/08/2023 by Mark
Additive-maker Infineum has reached an agreement with World Fuel Services to distribute Infineum’s additives for marine fuel.
UK GDP boosted by manufacturing sector
18/08/2023 by Katie
A surge in manufacturing has contributed to better-than-expected GDP, according to the
Demand for oil hits record high
18/08/2023 by Mark
In its latest monthly oil report, the International Energy Agency (IEA) has said that the global demand for oil in
EIA ramps up US oil production forecast
17/08/2023 by OilStoreAdministrator
In its latest Short-Term Energy Outlook, the US Energy Information Administration (EIA) has raised its forecast for total US production of crude oil by
Shell to start surveying Malaysian waters
16/08/2023 by Richard
UK-based energy giant Shell will begin exploring for new drilling opportunities off the coast of Malaysia, with the geographical survey work expected to be finished by
New discovery could cut shale oil production costs
15/08/2023 by OilStoreAdministrator
Skoltech, a petroleum engineering firm based in Russia, has found that the expensive surfactants used in many enhanced oil recovery (EOR) operations may be counterproductive, with the company’s
Saudi Arabia says it could deepen production cuts
14/08/2023 by Mark
The state news agency of Saudi Arabia has cited the country’s energy minister as saying that its voluntary cut in the production of crude oil could be