Mexico’s government is to end the monopoly of its national oil firm Petróleos Mexicanos, or Pemex, allowing private companies access to the lion’s share of its prospective oil resources.
The Government hopes that Continue reading Mexico opens oil fields to private firms in bid to boost production
The international oil company Royal Dutch Shell recently disclosed that it plans to restructure its business in North America in order to reduce costs.
Shell will sell two of its Continue reading Shell’s US restructuring aims to provide stable future
The biggest gas and oil company in the US, Exxon Mobil, has experienced a large increase in its profits after recently cutting its spending on exploration and capital.
The company has stated that Continue reading Exxon Mobil profits soar although production falls
The global fuel giant Royal Dutch Shell recently announced that it had found large amounts of oil equivalent in the Gulf of Mexico.
The company’s Rydberg exploration well is Continue reading Shell makes third large oil discovery in Gulf of Mexico
The Equipment Builder Group, set up by ExxonMobil with the aim of improving the performance of machinery used in the food and drink industry, is celebrating a total of 100 years of innovation.
The Group works with Continue reading ExxonMobil lubricant R&D group marks centenary
The research firm IBISWorld recently updated its report on the lubricant industry, forecasting that the sector’s revenue should increase strongly as economic growth takes hold over the next few years.
This is expected to happen in spite of Continue reading Upturn in fortunes expected for lubricant manufacturing industry
The well-known German lubricant producer, Fuchs Petrolub SE, recently announced that it is to buy two sister South African lubricant companies, known as Lubrasa and Lubritene.
Lubrasa produces Continue reading Fuchs extends its range as it acquires South African lubricant firms
During the first week of May, oil prices decreased in spite of the increasingly difficult situation in Eastern Europe.
Ukraine is crucially important as a Continue reading Oil prices fail to rise despite Ukraine tensions
