Oil price tops $50 for first time this year

Oil has reached above $50 (£33.97) per barrel for the first time in 2016 as investors balance the impact of (more…)

Big companies compete for control of Qatar oil field

Six of the biggest international oil companies, including BP and Royal Dutch Shell, which manufactures Shell Tonna S3 M 68, have places bids to operate the biggest offshore oil field in Qatar, according to Reuters.

The other firms bidding to (more…)

Big oil companies make ‘green’ moves

Some of the world’s biggest oil companies, including ExxonMobil (which manufactures Mobil Gargoyle Arctic 300), Shell, Statoil and Total have announced a number of ‘green’ investments in technologies, including electric battery storage systems, wind (more…)

Increased petrol demand boosts oil prices

Ahead of what is known as ‘driving season’ in the US, when holidaymakers take to the roads in their droves, there has been a (more…)

Russia has little optimism about oil prices

Russia were left standing last month as Saudi Arabia failed to agree to a freeze in production at January levels, which caused negotiations to break down without an agreement. Just days later, a number of the most (more…)

How to be a successful lubrication technician with the help of tools

If you are a lubrication technician who has responsibility for a number of important duties including oiling machines, greasing bearings and working out if a machine is experiencing a fault, then there is no denying that you (more…)

When is a lubricant survey needed?

One of the questions we are often asked in our capacity as lubricant experts is how often a survey needs to be undertaken at various plants. In this article, we will hopefully answer this question and shed some light on (more…)

Reshuffle in Saudi Arabia signals period of oil volatility

The recent removal of Saudi Arabia’s prominent oil minister Ali Al-Naimi brings a new era of uncertainty and increasingly erratic prices, according to some commentators.

Al-Naimi was one of the biggest architects of (more…)

How to select a good oil analysis lab

Whether you are a startup eco-company, you work in the food industry or you manufacture electronics, there is one thing that you will need to do – have your equipment’s oil analysed on a regular basis. Doing so will help you to catch any (more…)

Canada wildfires cause oil price hike

Oil prices were up by over 2% this morning (May 9), as traders in Asia weighed up the impact of the wildfires causing so many problems in Canada’s biggest oil-producing province, as well as a change at the head of (more…)

Older Posts »