Oil giant Shell signs deal with Iran
09/12/2016 by Richard
Energy giant Royal Dutch Shell, which makes Shell Gadus S2 V100 3 and Shell Omala S2 G 320, has formalised a provisional agreement with Iran that will see it
OPEC countries agree to supply deal
06/12/2016 by Mark
The Organisation of Petroleum Exporting Companies (OPEC) has finally reached a deal to
Shell considers selling its Iraq assets
03/12/2016 by OilStoreAdministrator
Royal Dutch Shell, which makes leading products like Shell Omala S2 G 320, is thinking about selling its Iraqi oil field as part of its $30bn global asset disposal program, according to industry sources. The…
Crisis ‘almost at turning point’ according to Oil and Gas survey
30/11/2016 by Mark
With more than two in three companies in the oil and gas sector making job cuts in 2015, there are signs that the trouble may be reaching a shifting point following a
IEA anticipates oil investment to fall again in 2017
27/11/2016 by OilStoreAdministrator
Investment in fresh oil production is expected to fall for the third year in a row in 2017, as the worldwide supply glut continues fostering volatility in the crude oil markets, according to the head…
Oil prices at highest since October
24/11/2016 by OilStoreAdministrator
Oil prices reached their highest levels since October on 22nd November, as the market was
IEA warns of oil boom and bust
21/11/2016 by Richard
The International Energy Agency (IEA) has revealed that it thinks a cycle of boom and bust in the oil industry is a likely outcome if the present cutback in
Russia not expecting another oil price crash
18/11/2016 by Mark
The chairperson of Russia’s Central Bank does not believe that another catastrophic fall in oil prices is likely, although she expects that a market recovery will not be substantially higher than present rates. Speaking on
OPEC lowers oil price outlook by $20
15/11/2016 by Richard
The Organisation of Petroleum Exporting Countries (OPEC) has released a new report in which it states that oil prices may not reach levels above $60 (£48.32) per barrel until around 2020. In the report, OPEC…
Global oil prices fall as Trump triumphs
12/11/2016 by Mark
As Donald Trump stunned the world by swooping to presidential victory, the oil markets were less victorious, as oil prices slipped below the
Oil giants to invest £1bn in low-carbon tech
09/11/2016 by Mark
Ten of the biggest oil companies on the planet have set up a fund that will invest $1bn in technologies that are able to cut carbon emissions from both oil and
Shell makes bigger profits than expected
04/11/2016 by OilStoreAdministrator
Oil giant Shell, which makes industry-leading products like Shell Gadus S2 V100 3, has beaten forecasts to make bigger profits than anticipated in the three months up to the end of September, it was