Norway shows the way for Arctic oil
04/07/2017 by OilStoreAdministrator
With the oil industry struggling to recover from a global supply glut, even with substantial production cuts by
UK manufacturers enjoy highest demand for 29 years
03/07/2017 by Richard
The CBI’s latest Industrial Trends Survey has found that total order books for the participating UK manufacturers are at their highest level since August 1988. The increase comes from
Rosneft hits oil in Eastern Arctic
30/06/2017 by OilStoreAdministrator
The Russia oil company Rosneft, which is majority owned by the Russian Government, has reported finding crude oil in the Laptev Sea of the Eastern Arctic. Rosneft holds
Wind power may help meet peak demand in winter
27/06/2017 by OilStoreAdministrator
A new study has pointed out that wind power can make an important contribution the UK’s energy supply in cold periods when electricity demand is highest. Wind power is
OPEC sees increased production in May despite deal extension
24/06/2017 by Mark
Oil production from OPEC members jumped by 336,100 bpd (barrels per day) in May despite a recent agreement to extend the existing cuts into 2018.
First UK wind farm plugged into battery system
21/06/2017 by Richard
Dong Energy’s Burbo Bank wind farm, located just off the coast of Merseyside, is now the world’s first offshore wind farm to be powered by a battery network.
Scottish wind power sufficient to power 95% of homes in May
15/06/2017 by Mark
Scottish renewables experienced a remarkable month in May with wind power generating enough volume of electricity to power 95% of all homes in Scotland.
A look at oil production in Nigeria
14/06/2017 by OilStoreAdministrator
Nigeria may not be a top-10 oil producer, but it is Africa’s largest at almost two million barrels a day in 2016. While the
Nigeria and Libya will not face production caps yet
12/06/2017 by OilStoreAdministrator
The Secretary General of OPEC has stated it is too early to decide as and when any production cuts should apply to Libya and Nigeria. Both these countries have
What makes up a lubricant?
11/06/2017 by Richard
The bulk of a lubricant is the base oil, which can be vegetable, mineral, or synthetic in nature. Vegetable-based lubricants can offer
Tight oil may take US oil production to record high this year
09/06/2017 by Richard
The resurgence of rigs extracting tight oil, also commonly called shale oil, has the potential to propel US oil production to a new all-time high by the end of this year
A short guide to oil exploration
08/06/2017 by OilStoreAdministrator
While early oil production was mostly aimed at paraffin production, the birth of the automobile industry created a