TotalEnergies pledges to safeguard biodiversity in Arctic project
04/10/2021 by OilStoreAdministrator
France-based energy company TotalEnergies has published its biodiversity implementation strategy and Environmental, Safety and Health Impact Assessment (ESHIA) for the Artic LNG 2 project, in line with its commitment to engage with society and be…
Brent Crude breaks through $80 threshold
02/10/2021 by Mark
The price of benchmark Brent Crude broke through the $80 per barrel price towards the end of September as the oil markets tightened before receding slightly due to concerns about China’s lower
TotalEnergies publishes Energy Outlook 2021
30/09/2021 by Richard
France-based energy company TotalEnergies has published its updated scenarios for the ongoing energy transition and how this may influence
Shell to build largest biofuel facility in Europe
24/09/2021 by Richard
Anglo-Dutch oil major Shell has announced that it will build what will likely be the
Oil companies must prepare to half output
16/09/2021 by OilStoreAdministrator
According to a new report from Carbon Tracker, a financial think tank, gas and oil companies need to begin preparations to at least halve their production of fossil fuels by the end of this decade…
Shell says “bold” energy industry required to address climate change
14/09/2021 by Mark
Paul Bogers, the Vice President for Hydrogen at Shell, has said “bold” action is needed by the energy sector to proactively scale up hydrogen production, rather than waiting for demand to grow or policy interventions…
Shell Starship 2.0 sets new standard
10/09/2021 by OilStoreAdministrator
The latest incarnation of Shell’s ultra-efficient concept tractor-trailer, Starship 2.0, has set a new record for
OPEC+ confirms October production increase
08/09/2021 by Mark
Representatives from the OPEC+ group of oil-producing countries have agreed in a virtual meeting to proceed with plans to increase their total production by 400,000 barrels
Shell commits to gas project
06/09/2021 by Richard
Sarawak Shell Berhad (SSB), a subsidiary of Shell, has made a final investment decision to develop the Timi sweet gas field, which is about 120 miles from the coast of the Malaysian state of Sarawak.…
Hurricane Ida hits Gulf of Mexico production
04/09/2021 by Mark
Oil and gas producers in the Gulf of Mexico shut in much of their production in advance of the arrival of Hurricane Ida, resulting in a 91% drop in crude oil production and an 84.87%…
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…