Shell and Bently Nevada launch VitalyX for marine sector
02/09/2021 by Mark
Bently Nevada, which specialises in condition monitoring and asset protection, has announced the availability of VitalyX to the
Oil majors look to start-ups for low-carbon future
30/08/2021 by Richard
Royal Dutch Shell and BP, among other large oil companies, are reportedly expanding their venture capital divisions as they seek to ensure profitability while navigating the energy transition. More staff are being taken on, budgets…
ExxonMobil sees potential for carbon cuts in Brazil
28/08/2021 by Mark
According to Juan Lessmann, the president of ExxonMobil Brazil, the US-based oil major is looking at its offshore Brazil operations as a means for reducing its
Chevron and Exxon look to renewable fuels
22/08/2021 by Richard
US oil majors Exxon Mobil and Chevron are reportedly looking into ways of producing renewable fuels at their existing refineries without
Goldman doubts increased OPEC+ production
20/08/2021 by OilStoreAdministrator
Investment bank Goldman Sachs has said in a note that it does not expect the OPEC+ group to accede to a US request to increase production of oil to tame the rising oil prices that…
Iraq plans to raise oil production
18/08/2021 by Mark
Ihsan Ismaael, the Oil Minister of Iraq, has told the Iraqi News Agency that the government now hopes to raise oil production to eight million barrels per day (bpd) by 2027, which would further secure…
Saudi Aramco sees surge in profits
16/08/2021 by Richard
The Saudi state-backed oil company Aramco has reported a large increase in profits following a
Nynas pushes for lower-carbon roads
12/08/2021 by Richard
Nynas, which, in addition to making lubricants like transformer oil, also sells bitumen products, has published a white paper about how the carbon footprint of
BP reports strong second-quarter earnings
10/08/2021 by Mark
Energy company BP has joined a number of oil companies in posting earnings that were greater than expected for quarter two thanks to
Fuchs widens carbon-neutral goal
08/08/2021 by OilStoreAdministrator
While lubricant maker Fuchs’s manufacturing facilities have been running on a basis that is carbon neutral, it has announced it will extend this ambition to all its joint ventures and non-production holdings, regardless of the…
Shell courts buyers for its Permian assets
06/08/2021 by Richard
Bloomberg reports that potential suitors have been invited to consider purchasing Shell’s assets in the US Permian Basin, which largely drove the resurgence in US oil production in recent years and is currently responsible for…
Shell delivers positive news to investors
04/08/2021 by Mark
After being forced to withhold dividends during the COVID-19 pandemic, Shell has marked a return to relative normality with greater profits, enabling it to pay higher