Maersk to divide and concentrate on North Sea operations
05/10/2016 by Richard
Maersk, the family-owned shipping giant based in Copenhagen, is going to be split, with its energy interest focusing more closely on the North Sea. The company, which was
Troubled Venezuela reveals $3.2bn on oil deals
04/10/2016 by OilStoreAdministrator
Venezuela, a country currently struggling with a pending economic collapse of mammoth proportions, has revealed that it is hurrying through a tender for billions of dollars’ worth of drilling contracts in a bid to
Five secrets of a successful lubrication program
03/10/2016 by Mark
All plant workers known that lubricant is the lifeblood of equipment. This is why it is so important that excellent lubricant practices are put in place. Figures show that approximately two thirds of all mechanical…
North Sea oil production rises
01/10/2016 by Richard
The UK’s oil production levels have risen in the North Sea, showing the initial signs of a tentative recovery from the crash that has affected
Changing lubricant brands: What you should know
30/09/2016 by OilStoreAdministrator
You may be aware that it is not advisable to alternate lubricants indiscriminately, even in cases when the lubricant you are planning to switch to is in the same product class. This is even truer…
Unexpected drop in US crude causes oil prices to rise
23/09/2016 by Mark
Oil prices were up by two percent on Wednesday, September 21, following an unexpectedly large fall in US crude oil inventories, and an oil strike, which took place in Norway and had the potential to…
New tool to gauge cleanliness of lubricants launched
15/09/2016 by Mark
Chevron and Noria Corporation recently released its new Isoclean calculator, which is the first tool to assess equipment life by using levels of lubricant cleanliness as a guide. The Isoclean tool was created by
Six issues preventing excellence at machinery lubrication
12/09/2016 by Richard
There are a number of elementary errors in the machinery lubrication that can prevent you from reaching the top of your game. By avoiding these, and in many cases, doing the exact opposite, you can…
Shell’s exit of North Sea could generate $1bn
12/09/2016 by OilStoreAdministrator
Royal Dutch Shell, known for its oil-based products like Shell Tellus S2 M 46 and Shell Gadus S2 V100 3, could be set to generate $1bn (£750 million) within the
Four hydraulic reliability checks you must make
10/09/2016 by Mark
Although most people do the basics of hydraulic maintenance, including changing filters on a regular basis, checking oil levels etc., many neglect to carry out a lot of other tasks that could stop the equipment…
Oil prices could hit $60 if a freeze is agreed
09/09/2016 by OilStoreAdministrator
If the Organization of Petroleum Exporting Companies (OPEC) is able to pull off a freeze on oil output, crude prices could creep up to as much as $60 (£44.75). There is real hope that
More common hydraulic mistakes and how to correct them
08/09/2016 by OilStoreAdministrator
There are so many common hydraulic mistakes that are made on a regular basis, that we have put together another article, highlighting some of the most-common things you might be doing wrong when dealing with…