Analysts claim that Permian "still has a way to go"
04/06/2025 by Daniel Tait
According to analysts at Wood Mackenzie, the prolific Permian Basin of West Texas and New Mexico still has more than a decade of high production.
Asset sales being considered by Saudi Aramco
03/06/2025 by Joel Thompson
Reuters is reporting two unnamed sources familiar with the matter as saying that oil giant Saudi Aramco is considering selling assets to generate funds.
ExxonMobil and PetroVietnam to boost deal amid trade negotiations
30/05/2025 by Joel Thompson
PetroVietnam, the state-owned energy company, is looking to revise its deal with ExxonMobil as part of wider efforts to find a deal with the US administration.
UK petrol prices may fall if oil production increases
29/05/2025 by Thomas Clark
UK motorists may see their fuel prices drop further if OPEC+ decides to go for another big increase in July.
Chevron to get further extension to Venezuela license
28/05/2025 by Cameron Clarke
Bloomberg reports an unnamed informed source as saying that the US Government is ready to give Chevron a further extension to operate in Venezuela and export oil to US refineries.
TotalEnergies to buy LNG from future Canadian plant
27/05/2025 by Daniel Tait
France-based TotalEnergies and Ksi Lisims LNG have agreed a SPA (Sales and Purchase Agreement) for 2 MTPA (million tons per annum) of LNG (liquefied natural gas).
Up to $50 billion in investment announced by Kuwait
22/05/2025 by Thomas Clark
The small but oil-rich Middle Eastern country Kuwait has announced a five-year plan to invest $9–10 billion each year to increase its production capacity.
Rise in production by OPEC+ predicted in July
21/05/2025 by Cameron Clarke
Analysts at multinational financial services and investment bank, Goldman Sachs, have predicted OPEC+ will decide to raise production in July by another 411,000 barrels per day (bpd).
Chevron claims big jump in US energy production
16/05/2025 by Joel Thompson
US-based oil major Chevron says it has boosted its energy production in the US, thus helping to power businesses in the country.
Shell eyes acquisition of BP amid market activity
15/05/2025 by Thomas Clark
According to a recent report from Bloomberg, oil behemoth Shell is currently considering purchasing fellow UK company BP.
What kind of oil do you put in a vacuum pump?
10/05/2025 by Mark
A vacuum pump is a mechanical device that effectively removes gas molecules from a sealed volume, in order to create a partial or full vacuum.
What happens to compressor oil that gets too warm?
09/05/2025 by Mark
Compressor oil is directly related to the performance and longevity of air compressors.