US oil production still reaching new record levels
15/05/2024 by Richard
Despite there being fewer active rigs in the US, oil production is continuing to gather pace and reach new records, according to new data from the Energy Information Administration (EIA).
NSTA offers 31 more UK oil and gas licenses
14/05/2024 by OilStoreAdministrator
The North Sea Transition Authority (NSTA) has awarded 31 new licenses for oil and gas exploration in the North Sea as part of the 33rd oil and gas licensing round.
ExxonMobil completes Pioneer purchase
13/05/2024 by Mark
US-based oil major ExxonMobil has completed its purchase of Pioneer Natural Resources, more than doubling its acreage in the Permian Basin as a result.
Saudi Aramco investing big in artificial intelligence
10/05/2024 by Richard
Oil giant Saudi Aramco is leading the way in investing in artificial intelligence (AI) for the oil and gas industry, according to a new report from GlobalData.
TotalEnergies ranked top in Europe for employee share ownership
09/05/2024 by OilStoreAdministrator
France based TotalEnergies has been ranked the top firm in Europe for the portion of share capital that is held by its workers, thanks to its proactive policies.
OPEC boss disputes end of oil
08/05/2024 by Mark
Haitham Al Ghais, the Secretary General of OPEC, has written an op-ed for the Middle East Economic Survey whereby he
Mobil and Red Bull Racing announce fandom kits for US races
07/05/2024 by Richard
Leading lubricant maker Mobil and the Red Bull Racing Formula 1 team have announced a series of
Chevron enters new phase at Kazakhstan project
06/05/2024 by Mark
Tengizchevroil (TCO) has reached a new milestone, with the start of operations at its Wellhead Pressure Management Project (WPMP) at the Tengiz Field.
What are the most common industrial lubricant types?
05/05/2024 by OilStoreAdministrator
While all lubricants fulfil a basic role in reducing friction and preventing unnecessary wear on components, different lubricant types have been developed by lubricant companies like Fuchs, Castrol, and Mobil to better suit the needs…
ExxonMobil expects approval for Pioneer acquisition this quarter
03/05/2024 by Richard
Speaking in an interview with Bloomberg, Kathy Mikells, the Chief Financial Officer of ExxonMobil, said she expects that the Federal Trade Commission will give
What are the advantages and disadvantages of hydrodynamic lubrication?
03/05/2024 by Richard
The key aim of lubrication is to decrease heat and wear occurring between contacting metal surfaces when in
Does it matter what hydraulic oil you use?
03/05/2024 by Mark
Many hydraulic systems can operate with a wide range of oils, but does it matter which one you choose?