ADNOC board agrees to accelerate production increases
05/12/2022 by Richard
A meeting of the Abu Dhabi National Oil Company’s (ADNOC) board has approved a plan to bring forward an increase in the company’s oil production capacity by three years.
Guyana awards oil-marketing contract to BP
03/12/2022 by Katie
BP has won the contract to market the Guyanese state’s portion of the crude oil being produced at two offshore platforms in the country’s waters, with it replacing a trading unit of Saudi Aramco as…
Chevron gets go ahead to resume Venezuela operations
02/12/2022 by OilStoreAdministrator
US-based major Chevron has received a six-month license from the US Office of Foreign Assets Control (OFAC) to resume oil production in Venezuela following talks between the various political factions in the country.
US Government approves new oil export terminal
01/12/2022 by Mark
The Maritime Administration of the US Department of Transportation has approved a new project that will see the country’s biggest oil export terminal built about 30 miles off the coast of Texas.
ZF opens new UK technical centre
30/11/2022 by greg
ZF, which supplies components to the automotive industry, has opened a new technical centre in Shirley in the West Midlands to complement its global network of research and development hubs, as well as its existing…
Shell and Flix partner to research alternative fuels for coach travel
30/11/2022 by Richard
Flix, which offers low-cost coach travel through its FlixBus brand, has signed a Memorandum of Understanding (MoU) with Shell for a long-term partnership aimed at exploring how alternative fuels could be used to power long-distance…
Goldman Sachs cuts forecast for oil prices
29/11/2022 by Richard
Investment bank Goldman Sachs has revised down its prediction for oil prices in the near future by $10, with it now expecting them to reach $100 per barrel.
All you need to know about heat transfer fluids
29/11/2022 by OilStoreAdministrator
What is a heat transfer fluid? A heat transfer fluid is defined as a liquid or gas that plays a part in transferring heat. It serves as an important intermediary for cooling on one side…
Paratherm and TrAchem Announce Official Distributor Agreement for the UK and Europe
28/11/2022 by Daniel Tait
Paratherm and TrAchem Announce Official Distributor Agreement for the UK and Europe TrAchem are excited to announce today we’ve been appointed as the new, Official Distributor for Paratherm’s range of specialist Heat Transfer Fluids in…
US may authorise Chevron to expand Venezuela operations
28/11/2022 by OilStoreAdministrator
Reuters reports three sources familiar with the matter as saying that Chevron could gain authorisation to massively expand its Venezuelan operations should the government there restart political talks with opposition parties.
How to get the most out of food-grade lubricants
28/11/2022 by Mark
To meet health and safety legislation, the lubrication solutions used in machinery that handles food and drinks must always be entirely nontoxic. To get the desired result, lubricants used are prohibited from containing certain ingredients…
Oil prices fluctuate over OPEC+ rumours
27/11/2022 by Mark
The price of crude oil rose and fell over mixed messages about a potential decision by the OPEC+ group to increase production.