OPEC may adjust production in response to reserve releases
28/11/2021 by Richard
Bloomberg reports that at its next meeting, OPEC and its allies may choose to hold back in unwinding its longstanding production quotas to compensate for coordinated releases
Shell to move headquarters to the UK
26/11/2021 by OilStoreAdministrator
Royal Dutch Shell has announced plans to streamline its business structure by moving its headquarters to
UEA asks for calm over production increases
24/11/2021 by Richard
Speaking in Abu Dhabi at the Adipec energy forum, Suhail al-Mazrouei, the energy minister for the United Arab Emirates, called for calm, despite calls for the OPEC+ group to increase oil production in order reduce
TotalEnergies launches afforestation project
12/11/2021 by Richard
Energy major TotalEnergies has launched its Batéké Carbon Sink project in the Republic of Congo as the country
Shell to repurpose German refinery
10/11/2021 by Mark
Anglo–Dutch energy company Shell has announced that it will move its Rheinland refinery in Germany away from refining crude oil and toward
US shale oil production may rise again
08/11/2021 by Richard
Reuters is reporting that, according to some company executives, US production of shale oil, which accounts for more than 70% of the country’s oil production, may
Shell sets up $1.4 billion energy transition fund
08/11/2021 by greg
Energy giant Shell has announced a new $1.4 billion fund dedicated to investing in companies with innovative products for speeding up the
WinGD validates Talusia Universal
06/11/2021 by Richard
Winterthur Gas & Diesel (WinGD), a leading manufacturer of low-speed gas and diesel engines for marine use, has issued a revised No Objection Letter (NOL) for the Talusia Universal cylinder oil, with it now having…
What is oil analysis and why is it important?
05/11/2021 by Richard
When machinery breaks down, it often causes substantial disruption for firms. A mechanical failure costs companies money – not just for replacement parts and specialised repair labour, but also in operational downtime that harms
Strong results reported by Exxon Mobil
04/11/2021 by Mark
Exxon Mobil has posted its strongest results since 2017 for the third quarter and committed itself to restarting its stalled share-buyback programme.
Shell sets tougher emission targets
01/11/2021 by Mark
Despite its reported earnings being lower than expected, Shell has announced that it has set itself tougher targets to reduce
BP chosen as favoured bidder for hydrogen project
30/10/2021 by Richard
Energy major BP has been selected as the favoured bidder to participate in the creation of a new hydrogen hub in Aberdeen. The city’s council announced the decision after