Infrastructure report calls for more UK onshore wind power
18/07/2018 by Richard
A new report from the National Infrastructure Commission (NIC) argues that onshore wind power projects should be allowed to participate in the Contract for Difference (CfD) auction scheme again.
Russia already increasing oil production
15/07/2018 by Mark
Quoting sources privy to the data, Reuters reports that Russia was already pumping up to 11.193 million bpd (barrels per day) in the first days of July.
China to invest $250 million boosting Venezuela oil production
12/07/2018 by OilStoreAdministrator
Venezuela’s ailing oil sector may receive a welcome boost through investment from China, according to a report
How to quantify the benefits of a lubrication programme
09/07/2018 by OilStoreAdministrator
Few can argue with the need for a good lubrication programme with quality products, such as those from Mobil stockists. While many people talk about increased reliability, less unscheduled downtime, and greater efficiency, this all
Confusion ensues as Trump claims two million bpd Saudi production boost
09/07/2018 by Richard
US President Donald Trump has claimed that he has gained assurances from King Salman of Saudi Arabia to increase production by up to two million barrels per
New study finds increase in engine lubrication failures
06/07/2018 by OilStoreAdministrator
A new report from insurance company The Swedish Club has revealed that lubrication errors are now the most common, and most expensive, cause of marine main engine damage. The study covers 8,759 insured vessels over
Saudi Arabia planning record oil production
03/07/2018 by Richard
Bloomberg reports sources informed about Saudi Arabia’s output policy as saying that the country is preparing to pump a record-breaking 10.8 million barrels per day (bpd) in July. This would follow the recent OPEC deal…
It’s not all about shale: US offshore oil production
02/07/2018 by Mark
There’s no disputing that shale oil has revolutionised US oil production. It started when producers sought to take advantage of oil prices over $100 by exploiting tight oil formations that would otherwise be uneconomical. When
OPEC reaches deal to increase oil production
30/06/2018 by OilStoreAdministrator
OPEC members at the summit in Vienna have arrived at a deal to increase production by up to a million barrels per day (bpd). Some OPEC members were thought to object to a production increase…
Shale executive claims US soon to be top oil producer
27/06/2018 by OilStoreAdministrator
The US could be the world’s top oil producer by the autumn according to Scott Sheffield, the chairman of the major shale producer Pioneer Natural Resources. Speaking to CNN Money, Sheffield says he expects US…
BP’s annual energy review shows big jump for renewables
24/06/2018 by Mark
Oil giant BP has published its annual Statistical World Energy Review for this year, and revealed that 17% of global energy growth came from renewable sources. This year’s increase is the largest ever for renewables.…
ExxonMobil starts road trip to prove its new motor oil
21/06/2018 by Richard
Through its Mobil stockists, ExxonMobil has long been delivering high-performance lubricants with long drain intervals. To demonstrate its claims about its new Mobil 1 Annual Protection motor oil, however, the company has launched a 20,000-mile…