BP says chargers to become more profitable than pumps
22/01/2022 by Richard
The British-based oil major BP has said that within a few years, its network of fast chargers for electric vehicles (EVs) will become more profitable than its
Shell-backed investment fund receives new funding
21/01/2022 by greg
The Energy Entrepreneurs Growth Fund (EEGF), which was started by the Shell Foundation in 2019 with backing from the Dutch Entrepreneurial Development Bank FMO and UKaid, has received a further $13 million in funding from…
Libya oil production back to 1.2 million bpd
20/01/2022 by Mark
Following a difficult period, Libya’s energy minister, Mohammed Oun, said daily production was around 1.2 million barrels per day (bpd), which is roughly what it was before a series of closures and shutdowns hit the…
Exxon Mobil acquires stake in biofuel company
18/01/2022 by OilStoreAdministrator
US-based supermajor Exxon Mobil has announced that it has agreed to buy a 49.9% stake in the Norwegian firm Biojet AS, which aims to convert wood waste from construction and forestry into biofuels and feedstock…
TotalEnergies teams up with Plastic Energies
18/01/2022 by Katie
TotalEnergies has agreed with Plastic Energies to progress the advanced recycling of plastic, enabling the latter company to construct a second plant in Spain to process plastic waste at
US crude oil production to set new record
16/01/2022 by Richard
The US oil industry will beat its pre-pandemic record for crude oil production, according to new data from the US Energy Information
Toyota to start remanufacturing some of its UK cars
15/01/2022 by Mark
In an effort to extend the life of its vehicles, Toyota has said it will start remanufacturing some of its fleet-oriented vehicles at its manufacturing facility in the UK, with this
When is a rubber lubricant required?
15/01/2022 by Mark
To operate efficiently and avoid becoming damaged, it is understood the machinery will need the support of a dedicated lubricant. All-natural and synthetic products, including greases and oils, are cleverly designed to serve just this…
Shell repurposes petrol station as EV charging hub
14/01/2022 by OilStoreAdministrator
In a sign of changing driving habits, Shell has opened an all-electric charging hub for electric vehicles (EVs) on the site of a former
All you need to know about Morris Lubricants
13/01/2022 by Richard
For over 150 years and five generations, Morris Lubricants has earned an impressive reputation designing, manufacturing and supplying premium products to stockists, distributors and end-users here in the United Kingdom. However, with an understanding of…
UK manufacturing left 2021 on a high note
12/01/2022 by greg
The year ended for UK manufacturing on the up, according to the latest UK Manufacturing PMI from IHS Markit/CIPS. The PMI continued its 19-month long streak of staying above 50, which indicates neutral attitudes. At…
Digital transformation to mitigate threats in oil and gas industry
12/01/2022 by Mark
A new report titled Digital Transformation in the Oil and Gas Markets from ABI Research has predicted that oil and gas companies will spend $15.6 billion on digital solutions to address the challenges facing the…