Saudi Aramco poised to become world’s most valuable company
14/10/2021 by OilStoreAdministrator
The predominantly state-owned oil giant Saudi Aramco may soon overtake Apple as the world’s biggest company by market capitalisation. According to Bloomberg, Apple’s market cap of US$2.3 trillion is being closely followed by Aramco, at
EIA predicts growing energy demand
13/10/2021 by Mark
According to the US Energy Information Administration’s (EIA) International Energy Outlook for this year, the global demand for energy is expected to rise through the first half of this century to fuel economic growth and…
Major shale player says oil prices in OPEC’s hands
12/10/2021 by Mark
Pioneer Natural Resources, one of the biggest US shale operators, has said that the US shale patch will not have a big say in which direction oil prices go, with it being mostly determined by…
OPEC+ decides against accelerating output rises
11/10/2021 by Katie
At their latest meeting, the members of the OPEC+ group of countries have decided to stick with their existing plan to gradually increase oil production by 400,000 barrels per day
TotalEnergies helps establish clean hydrogen fund
08/10/2021 by OilStoreAdministrator
Energy company TotalEnergies, together with industrial gas supplier Air Liquide and concessions and construction company Vinci, has set up an investment fund to
Shell starts producing renewable natural gas in the US
06/10/2021 by Richard
Shell New Energies, a subsidiary of the energy company Shell, has started production at its first renewable natural gas (RNG) plant in
TotalEnergies pledges to safeguard biodiversity in Arctic project
04/10/2021 by OilStoreAdministrator
France-based energy company TotalEnergies has published its biodiversity implementation strategy and Environmental, Safety and Health Impact Assessment (ESHIA) for the Artic LNG 2 project, in line with its commitment to engage with society and be…
Brent Crude breaks through $80 threshold
02/10/2021 by Mark
The price of benchmark Brent Crude broke through the $80 per barrel price towards the end of September as the oil markets tightened before receding slightly due to concerns about China’s lower
TotalEnergies publishes Energy Outlook 2021
30/09/2021 by Richard
France-based energy company TotalEnergies has published its updated scenarios for the ongoing energy transition and how this may influence
Shell to build largest biofuel facility in Europe
24/09/2021 by Richard
Anglo-Dutch oil major Shell has announced that it will build what will likely be the
Oil companies must prepare to half output
16/09/2021 by OilStoreAdministrator
According to a new report from Carbon Tracker, a financial think tank, gas and oil companies need to begin preparations to at least halve their production of fossil fuels by the end of this decade…
Shell says “bold” energy industry required to address climate change
14/09/2021 by Mark
Paul Bogers, the Vice President for Hydrogen at Shell, has said “bold” action is needed by the energy sector to proactively scale up hydrogen production, rather than waiting for demand to grow or policy interventions…