Oil expected to drop to $40 a barrel again

After oil prices plummeted on Wednesday, July 27, the U.S. Energy Information Administration (EIA) sent shockwaves through (more…)

Oversupply causes oil prices to fall

Oil prices occupied an almost two-month low on Monday, July 25, due to concerns that a glut in worldwide crude and (more…)

BP set to sell off its UK oil terminals and UKOP pipeline stake

Oil giant BP is to sell off a number of fuel storage terminals, along with its share of a huge pipeline, as the (more…)

‘Gatwick Gusher’ oil zone upgraded

Oil expert Nutech has upgraded oil in place figures for the Portland zone of the Horse Hill project by around 200%, as work on (more…)

ExxonMobil outdoes Oil Search in InterOil bid

Papua New Guinea’s biggest oil and gas company, Oil Search, has revealed that its bid for InterOil, totaling $2.2bn, has been beaten by a ‘superior proposal’ from oil giant ExxonMobil.

ExxonMobil, which manufactures the (more…)

Changing lube suppliers? Here’s what you must do

Changing from one lube supplier to another can be a daunting task because you quite simply do not know what you are going to get or how things are going to pan out. It is for that reason that so many people put off making a (more…)

GE Jenbacher names Shell as recommended oil supplier

Royal Dutch Shell, which is known for high-quality oil products like Shell Tellus S2 M 32 and Shell Tonna S3 M 68, recently revealed that GE Jenbacjer has recommended it as global oil provider for GE’s Type 6 and Type 4 gas engines in a deal that (more…)

Why does hydraulic oil change colour?

It’s completely understandable to be concerned if your hydraulic oil changes from its usual golden colour to a less pleasing shade of dark brown. They worry is that this change could mean something very serious for (more…)

Brexit may slow down planned asset sales, says Shell

The CEO of oil Giant Royal Dutch Shell, which produces a number of high quality oil-based products – including Shell Gadus S2 V100 3, Shell Omala S2 G 320, and Shell Tellus S2 M 46 – has warned that Britain’s decision to leave the (more…)

U.S. oil reserves outdo Saudi Arabia

The U.S. has overtaken oil industry behemoths Saudi Arabia in the number of recoverable oil reserves they have, according to a recently released international study.

The new report, which was carried out by (more…)

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