How ultrasound can improve lubricant practices
10/10/2016 by OilStoreAdministrator
You might think that taking care of your lubricant is as simple as adding the right amount when it is needed, but you would be wrong. Ensuring that your lubricant stays in good condition is…
BP buys Iranian oil for first time since ban lift
09/10/2016 by Richard
Worldwide Oil Giant BP has recently purchased a quantity of natural gas condensate from Iran’s state-owned oil company, marking the first time it has done so since sanctions upon the Middle Eastern country were removed…
OPEC deal causes Shell shares to soar
08/10/2016 by Mark
Shares in oil giants Royal Dutch Shell, which produces Shell Tellus S2 M 32, and fellow oil big-hitter BP, have surged following an agreement between the biggest oil producing companies to cut production of oil…
Study shows effective lubrication is beneficial for mining industry
07/10/2016 by OilStoreAdministrator
Mining companies are seriously undervaluing the level of savings they could make with effective lubrication, according to a new study conducted by Shell Lubricants, producer of Shell Gadus S2 V100 3. Although almost two thirds…
Three bearing lubrication mistakes
06/10/2016 by Richard
Friction enables us to do everything from drive a car to simply walk to the shops. However, when it comes to operating plant machinery, friction can present us with as many problems as it does…
Russia breaks oil output record
06/10/2016 by Richard
Russian oil output rose by nearly 4% in the month of September – the equivalent of 11.11 million barrels per day – breaking a new record for post-Soviet output levels. The figure is expected to
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…