Goldman Sachs raises 12-month Brent forecast to $100 per barrel
29/09/2023 by OilStoreAdministrator
Analysts at investment bank and financial services firm Goldman Sachs have raised their forecast for the price of Brent crude over the coming 12 months from $93 to $100 per barrel, over concerns that the…
Exxon and Aramco bosses push carbon capture
28/09/2023 by Mark
Appearing at a panel discussion in Calgary as part of the World Petroleum Congress, the bosses of Saudi Aramco and ExxonMobil have said they support the move to cleaner energy forms. However, they have insisted…
Saudi energy minister denies trying to push up oil prices
27/09/2023 by Richard
Prince Abdulaziz bin Salman, who serves as Saudi Arabia’s energy minister, has hit back at critics by denying that his country’s recent agreement to extend its voluntary oil production cut was about “jacking up prices”.
BP appoints Kate Thomson as interim CFO
27/09/2023 by greg
UK-based energy firm BP has announced the appointment of Kate Thomson as its interim chief financial officer (CFO). This follows the appointment of
Ten new start-ups join TotalEnergies accelerator
26/09/2023 by OilStoreAdministrator
France-based TotalEnergies has announced the selection of a further ten start-ups to join its TotalEnergies On programme, which seeks to help innovative businesses to develop in the renewable energy and electricity sectors.
Oil prices head for $100 per barrel
25/09/2023 by Richard
Oil prices hit a 10-month high, with the possibility of being on track to exceed $100 per barrel for Brent Crude.
TotalEnergies mobilises support for Libyan people
24/09/2023 by Mark
Energy major TotalEnergies has suggested it has used its resources to provide relief aid to the people of Libya, following the
First batch of BP scholarship students start at Redcar and Cleveland
22/09/2023 by Mark
Redcar and Cleveland College has welcomed the first wave of students to the programme it has developed together with UK-based energy firm BP.
BP launches consultation on H2Teesside
21/09/2023 by Katie
Energy and lubricant company BP has announced that it has begun a six-week consultation with the local community for
EIA predicts rising oil prices in fourth quarter
21/09/2023 by OilStoreAdministrator
The US Energy Information Administration (EIA) has stated in the September Short-Term Energy Outlook (STEO) that it expects the price of Brent crude oil to average $93 a barrel within the remaining quarter of the…
BP chair announces Looney replacement could be external
20/09/2023 by Richard
Helge Lund, the chairman of UK-based oil major BP, has said that for the first time in decades, an external candidate could replace former CEO Bernard Looney.
Shell and BP awarded carbon storage licences
19/09/2023 by Mark
UK-based oil majors BP and Shell are among 14 companies to have been awarded licences in the first-ever licensing round for carbon storage in the UK.