New decommissioning tool begins tests
10/06/2022 by OilStoreAdministrator
A programme of feasibility testing has begun for a new tool developed by Clearwell Technology that promises to radically reduce the cost of decommissioning oil and
Markets may see more crude from Venezuela and Iran
09/06/2022 by Richard
According to various sources, the United States may ease sanctions on Iran and Venezuela to allow more crude oil to
OPEC+ agrees to boost production
08/06/2022 by Mark
At a meeting of ministers from 13 OPEC member countries and 10 associated non-OPEC countries, the OPEC+ group decided to advance its timetable for increasing crude oil production. Output had been planned to rise by…
Shell gets go ahead for Jackdaw field
07/06/2022 by OilStoreAdministrator
UK regulators have given approval for Shell to develop the Jackdaw gas field, which could potentially produce about 6.5% of the UK’s
Start-ups join TotalEnergies’ accelerator
06/06/2022 by Richard
TotalEnergies has inaugurated its new start-up accelerator, named TotalEnergies On, and welcomed the
Oil production in Permian to grow faster than in Iraq
03/06/2022 by Mark
According to new research from Rystad Energy, oil production in the United States’ prolific Permian Basin will grow
OPEC asked by G7 to raise output
03/06/2022 by Mark
Following a meeting in Germany of the G7’s environment and energy ministers, the group has, in the meeting’s final communique, urged OPEC and other oil and gas producers to
Aramco considers buying Valvoline’s commercial arm
01/06/2022 by Richard
Saudi Aramco, which recently overtook Apple to become the world’s most valuable company, is reportedly considering acquiring the non-retail
IndyCar Series to use Shell renewable fuel
31/05/2022 by Mark
America’s NTT IndyCar Series is set to show that racing can take place in an environmentally friendly way by switching to a fully renewable fuel
UAE companies to collaborate with BP on UK projects
30/05/2022 by Richard
Masdar of Abu Dhabi and the Abu Dhabi National Oil Company (ADNOC) have extended their existing agreements with BP to include investment in
Shell Fleet Solutions launches Accelerate to Zero programme
27/05/2022 by OilStoreAdministrator
The business mobility arm of energy firm Shell has launched a new programme to assist fleets in setting and meeting targets for
Aramco boss suggests need for more hydrocarbon investment
26/05/2022 by Mark
Speaking to the Financial Times at the World Economic Forum in Davos, Switzerland, the CEO of Saudi Aramco has said that the recent energy crunch in the wake of Russia’s invasion of Ukraine has highlighted…