Shell set to pay Iran oil debt

12/09/2015 by Mark

Shell is getting ready to pay back a $2bn debt it owes to the Iranian Oil Company with a view to renewing business relations in

Oil Industry

Oil prices go down as U.S. stockpiles grow

11/09/2015 by OilStoreAdministrator

An August report revealed that the price of oil was at a six-year low thanks to an upward movement in reserve stockpiles, and now a new report has shown that oil prices are the lowest…

Lubricants

Fuchs Petrolub acquires Statoil Fuel & Retail Lubricants

11/09/2015 by Richard

Fuchs Petrolub, known for manufacturing a such oil-based products as Fuchs WSP 783-L, recently announced its

Oil Industry

Shell one of the ‘most resilient’ oil companies

11/09/2015 by Richard

According to prominent city brokers, oil firm Royal Dutch Shell, which makes a number of oil-based products like

Oil Industry

Shell’s BG Group takeover cleared

09/09/2015 by OilStoreAdministrator

Royal Dutch Shell received EU approval for its £37.9bn acquisition of British firm BG Group, on Wednesday, September 2nd. This was good news for

Oil Industry

Shell looking to lease Indian strategic oil storage

09/09/2015 by Mark

Royal Dutch Shell is keen to lease a storage site located at Mangalore, India if it can get the right deal. The global oil company, known for products like

Oil Industry

End of August sees sharp fall in oil prices

06/09/2015 by OilStoreAdministrator

August 31 saw oil prices drop to under $49 per barrel. This came immediately after two days of a six-week high in prices. It is believed that the

Oil Industry

Shell secures Arctic oil permit

03/09/2015 by Mark

The leading gas and oil company Shell has secured the last permit required for it to be able to start drilling operations under the sea at the Arctic, in search of oil. Work actually began…

Oil Industry