A guide to types of turbine oils and which to select
04/01/2023 by Mark
There are many kinds of turbine oils available to purchase from suppliers today, but it is vital that operators always choose the correct product for the specific equipment they use. When selecting the ideal turbine…
SMMT optimistic about 2023
03/01/2023 by greg
New data from the Society of Motor Manufacturers and Traders (SMMT) gives hope that the UK automotive sector will continue to get back on track in 2023.
US to begin refilling oil reserves
03/01/2023 by OilStoreAdministrator
The United States is to start buying oil to refill its Strategic Petroleum Reserve (SPR), the largest emergency stockpile of crude oil in the world.
What are heat transfer fluids?
03/01/2023 by OilStoreAdministrator
Concerning fluid thermodynamics, heat transfer fluids can be either a liquid or a gas that takes
INTOG leasing process attracts 19 applications
01/01/2023 by Mark
Crown Estates Scotland has announced that it has received 19 applications in total for its leasing process as part of its Innovation and Targeted Oil and Gas (INTOG) offshore wind programme.
New strategic partnership for FUCHS and L.B. Foster
30/12/2022 by greg
Leading lubricant maker FUCHS has agreed with L.B. Foster Company to enter into a new strategic partnership aimed at developing new friction management solutions for the global rail market.
Shell and Mitsubishi to incorporate environmental elements in windfarm
30/12/2022 by Richard
Mitsubishi-owned energy company Eneco and Shell have won the rights to develop a new windfarm more than 30 miles off the Dutch coast, with the companies planning to incorporate innovations to improve its environmental impact…
US sees surprise increase in crude inventories
29/12/2022 by OilStoreAdministrator
A four-week long streak of US crude oil inventory drawdowns was broken when official data from the American Petroleum Institute (API) showed an unexpected build of 7.819 million barrels, compared to an anticipated drawdown of…
Permian operators drill deeper as production starts to plateau
28/12/2022 by Mark
According to BMO Capital Markets, over two-thirds of the premium land in the prolific US Permian Basin has already been drilled for oil, meaning that operators are looking for other opportunities to maintain production.
Octopus to buy energy from Dogger Bank
27/12/2022 by Mark
The fourth-largest energy supplier in the UK, Octopus Energy Group, has signed a deal with Shell Energy Europe Limited to buy electricity generated at the Dogger Bank offshore windfarm.
IEA raises its forecast for global oil demand
27/12/2022 by Richard
In its December Oil Market Report, the International Energy Agency (IEA) has upwardly revised its expectations for how the demand for oil will grow.
Toyota to develop hydrogen-powered Hilux in the UK
26/12/2022 by OilStoreAdministrator
Multinational automotive producer Toyota, in cooperation with select partners, has secured funding from the UK government in developing a version of its iconic Hilux pick-up truck that will be powered by hydrogen fuel cells.