EIA revises up US oil production
16/06/2023 by Mark
In its latest Short-Term Energy Outlook, the US Energy Information Administration (EIA) has increased its
New car sales grow for tenth successive month
15/06/2023 by Mark
The market for new cars has now experienced its longest monthly growth period year-on-year growth since 2015. This is according to recent data from the Society of Motor Manufacturers and Traders (SMMT).
FUCHS participates in gruelling e-mobility challenge
15/06/2023 by OilStoreAdministrator
The world’s biggest independent supplier of lubricant solutions, FUCHS, has successfully participated in the challenging ID.4 Alaska Tour with an electric vehicle (EV).
Researchers develop new carbon nanotube coating
14/06/2023 by Richard
US Department of Energy scientists at the Oak Ridge National Laboratory (ORNL) have developed a coating based on carbon nanotubes that promises to drastically
Citigroup sees Saudi cut having limited effect on oil prices
13/06/2023 by Mark
While Saudi Arabia has decided to unilaterally cut its oil production by a million barrels per day (bpd), the multinational investment bank Citigroup believes it is unlikely to lead to oil prices soaring towards
Chevron and ExxonMobil close to Algerian gas deal
12/06/2023 by greg
The Wall Street Journal is reporting that oil and gas majors Chevron and ExxonMobil are close to finalising a deal that will see them gain access to substantial reserves of
Saudi Arabia makes voluntary production cut
12/06/2023 by OilStoreAdministrator
While the recent meeting in Vienna of OPEC+ oil producers resulted in no changes to the group’s targeted production, Saudi Arabia has said it will voluntarily cut its own production by a million
TotalEnergies sells climate-related portfolio
09/06/2023 by Katie
France-based TotalEnergies is to sell its entire portfolio of climate-related technology start-ups to Aster, a venture capitalist firm based in Paris.
ExxonMobil could double shale output with new technology
09/06/2023 by Mark
Darren Woods, the chief executive of US-based oil major ExxonMobil, has said that over a five-year period, he expects the company to double the production from its shale assets thanks to new technology.
Shell to supply sustainable fuel to Qatar Airways
08/06/2023 by Richard
UK-based Shell has agreed a deal with Qatar Airways to provide the airline with 3,000 tonnes of sustainable aviation fuel (SAF) at Amsterdam’s Schiphol airport.
UK aerospace specialist seeks funding for hydrogen aircraft
07/06/2023 by OilStoreAdministrator
Cranfield University spinoff Cranfield Aerospace Solutions is looking to raise £30m in funding to develop a hydrogen-powered aircraft that could be commercially available as soon as
Canadian oil production resumes as wildfires subside
06/06/2023 by Mark
Producers of oil and gas in Canada’s Alberta province have started to bring operations back online after rainfall caused wildfires in the area to abate.