Board at Chevron gains key new member
12/08/2025 by OilStoreAdministrator
Oil major Chevron has announced that John B. Hess has joined its board of directors.
OPEC+ subgroup proceeds with production increases
11/08/2025 by Mark
The eight OPEC+ participants involved in voluntary production cuts have announced a further rewinding of those cuts, putting downward pressure on oil prices.
Chevron to triple-frac almost half of Permian wells
08/08/2025 by Richard
US oil major Chevron says it expects to use “triple-frac” technology on nearly half of its new wells in the Permian Basin this year.
Petronas widens collaboration with Microsoft
07/08/2025 by OilStoreAdministrator
Tech giant Microsoft has extended its collaboration with Petronas to cover the artificial intelligence (AI) ecosystem through the signing of a new memorandum of understanding (MoU).
TriGen proposes profitable way of decarbonising gas and oil
06/08/2025 by Mark
Writing in Innovation News Network, TriGen CEO Pieter Kapteijn has outlined an economically viable strategy whereby gas and oil production can be decarbonised.
TotalEnergies announces startup of Angola projects
05/08/2025 by Richard
France-based TotalEnergies has announced that two new offshore projects have begun production in Angola.
TotalEnergies increases investment in sustainable forestry
04/08/2025 by OilStoreAdministrator
Energy giant TotalEnergies has announced a new agreement with a project developer based in Arkansas in the US to protect forests as carbon sinks.
Fuchs launches new PFAS-free medical grease
01/08/2025 by Richard
The biggest independent supplier of lubricants, Fuchs Lubricants, has announced the introduction of its NYEMED 7312 damping grease for medical applications.
OPEC+ meeting sticks to current plan
31/07/2025 by OilStoreAdministrator
At the 61st meeting of the Joint Ministerial Monitoring Committee (JMMC), the OPEC+ group offered no signs of changing policy.
Chevron reportedly returning to Venezuela
30/07/2025 by Richard
Reuters reports five sources familiar with the issue as saying that Chevron and others may gain authorisation from the US Administration to restart production in Venezuela.
BP appoints new chairman
29/07/2025 by OilStoreAdministrator
UK-based energy company BP has announced the appointment of Albert Manifold to serve as its new chairman from this autumn.
Chevron completes Hess takeover
28/07/2025 by Mark
US-based oil major Chevron has now completed its acquisition of Hess Corporation after a favourable ruling over Hess’s Guyana interest.