ExxonMobil to build industrial-scale advanced recycling plant
18/10/2021 by greg
Following trials of its proprietary technology for taking plastic waste and processing it into raw materials for use in toys, food packaging and even furniture, ExxonMobil has announced it will build its first large-scale facility…
Northern Lights orders two CO2 carriers
18/10/2021 by OilStoreAdministrator
Northern Lights, a carbon capture and storage (CCS) project based in Norway, has ordered two carbon dioxide (CO2) carriers from Dalian Shipbuilding Industry Co. of China. The project is a
How can you reduce the cost of lubrication?
17/10/2021 by OilStoreAdministrator
Stocking up on a healthy supply of lubricant is not the biggest outlay in a typical budget for maintenance.
TotalEnergies adopts tech to lessen methane emissions
16/10/2021 by Richard
Energy firm TotalEnergies has announced it will deploy a revolutionary new technology to reduce emissions of methane at its Barnet gas field
Saudi Aramco poised to become world’s most valuable company
14/10/2021 by OilStoreAdministrator
The predominantly state-owned oil giant Saudi Aramco may soon overtake Apple as the world’s biggest company by market capitalisation. According to Bloomberg, Apple’s market cap of US$2.3 trillion is being closely followed by Aramco, at
EIA predicts growing energy demand
13/10/2021 by Mark
According to the US Energy Information Administration’s (EIA) International Energy Outlook for this year, the global demand for energy is expected to rise through the first half of this century to fuel economic growth and…
Major shale player says oil prices in OPEC’s hands
12/10/2021 by Mark
Pioneer Natural Resources, one of the biggest US shale operators, has said that the US shale patch will not have a big say in which direction oil prices go, with it being mostly determined by…
OPEC+ decides against accelerating output rises
11/10/2021 by Katie
At their latest meeting, the members of the OPEC+ group of countries have decided to stick with their existing plan to gradually increase oil production by 400,000 barrels per day
Shell signs deal for solar power
10/10/2021 by Richard
Shell has made its first foray into the UK solar power sector by forming partnerships that could see at
TotalEnergies helps establish clean hydrogen fund
08/10/2021 by OilStoreAdministrator
Energy company TotalEnergies, together with industrial gas supplier Air Liquide and concessions and construction company Vinci, has set up an investment fund to
How does compressor oil work?
07/10/2021 by Mark
Lubricants, particularly oils for compressors that are engineered for industrial use, are tested and developed for the specific compressor types and their unique requirements. The key jobs a compressor oil must perform include reducing wear…
UK wind power manufacturing sees record investment
06/10/2021 by greg
With the UK leading the world in offshore wind power generation, manufacturers supplying the sector are seeing record levels of investment. Some £900m of funding for new factories has been announced so far this year…