UK GDP boosted by manufacturing sector
18/08/2023 by Katie
A surge in manufacturing has contributed to better-than-expected GDP, according to the
Demand for oil hits record high
18/08/2023 by Mark
In its latest monthly oil report, the International Energy Agency (IEA) has said that the global demand for oil in
EIA ramps up US oil production forecast
17/08/2023 by OilStoreAdministrator
In its latest Short-Term Energy Outlook, the US Energy Information Administration (EIA) has raised its forecast for total US production of crude oil by
Shell to start surveying Malaysian waters
16/08/2023 by Richard
UK-based energy giant Shell will begin exploring for new drilling opportunities off the coast of Malaysia, with the geographical survey work expected to be finished by
New discovery could cut shale oil production costs
15/08/2023 by OilStoreAdministrator
Skoltech, a petroleum engineering firm based in Russia, has found that the expensive surfactants used in many enhanced oil recovery (EOR) operations may be counterproductive, with the company’s
Saudi Arabia says it could deepen production cuts
14/08/2023 by Mark
The state news agency of Saudi Arabia has cited the country’s energy minister as saying that its voluntary cut in the production of crude oil could be
Shell and G4S explore decarbonisation opportunities
12/08/2023 by greg
Energy giant Shell and the multinational private security firm G4S, which are both based in the UK, have entered into a new
OPEC+ leaves oil production unchanged
11/08/2023 by Richard
In its latest Joint Ministerial Monitoring Committee (JMMC), the OPEC+ group has decided to maintain the production of
Architects ask Shell to reassess controversial demolition
10/08/2023 by OilStoreAdministrator
A group of 40 academics, architects and other relevant professionals have submitted a letter to Aberdeen City Council urging it and Shell to reconsider a planned demolition of the
BP invests in fleet software provider
09/08/2023 by Mark
The venture capital arm of energy giant BP has made an investment of £4 million in Dynamon, a UK-based firm that supplies
TotalEnergies and others agree to invest in Zhero Europe
09/08/2023 by Mark
France-based energy company TotalEnergies and other firms – including Azimut, Technip Energies, and Baker Hughes – have preliminarily come to an agreement to
Permian operators planning to ramp up production
08/08/2023 by Richard
Despite expectations of a dip in production in the prolific Permian basin of West Texas and New Mexico, gas and oil companies are