Oil prices rise as Gulf of Mexico operators shut off production
03/10/2022 by Mark
Despite falling to a nine-month low, Brent Crude prices started to recover as the approach of Hurricane Ian prompted operators in the US Gulf of Mexico—such as BP and Chevron, the owners of the Castrol…
Exxon Mobil and Shell launch North Sea assets sale
03/10/2022 by Richard
Reuters reports three sources in the oil industry and the banking sector as saying that Exxon Mobil and Shell have launched a coordinated process to sell off a substantial package of their North Sea assets…
UK industry gets nearly £50 million for energy transition
30/09/2022 by greg
The UK Government has announced a further £49.4 million in funding for technology projects that will help industries in the UK to switch to low-carbon sources of energy and reduce their energy costs.
Top tips for storing and handling lubricants
30/09/2022 by Richard
Having a healthy supply of different lubrication solutions on site to keep your equipment operating smoothly and efficiently is essential. However, it is vital that your lubricant stocks are well-maintained, taking into account temperature, contamination,…
Three differences between passenger car motor oils and heavy-duty motor oils
30/09/2022 by OilStoreAdministrator
Have you ever been curious about what the difference is between the oil required to keep a passenger car’s motor running smoothly and heavy-duty solution for use in larger vehicles like trucks and other freight…
QatarEnergy chooses TotalEnergies for LNG project
30/09/2022 by Mark
QatarEnergy, a state-owned petroleum company in Qatar, has selected TotalEnergies to become its first international partner in a new project to produce liquefied natural gas (LNG) from the country’s North Field South (NFS) resource. The…
What makes transformer oil analysis so important?
29/09/2022 by OilStoreAdministrator
It is crucial to analyse transformer oil. Along with the knowledge of the insulation fluid’s current condition, analysis can also reveal other issues like partial discharges and premature cellulose insulation ageing, among others. In this…
US rig count increases despite falling oil prices
29/09/2022 by Richard
According to data from industrial service company Baker Hughes, the number of drilling rigs actively operating in the United States edged up by one, despite crude oil prices decreasing from high levels.
Researchers make breakthrough in recycling CO2
28/09/2022 by Mark
Researchers at the University of Illinois in Chicago have developed a new approach that is capable of converting captured carbon almost entirely to ethylene, a key component of many industrial goods, such as plastics and…
Top advantages and functions of cutting fluids in metal machining
28/09/2022 by Mark
The main jobs of metalworking fluids include lubricating, corrosion control, cooling and chip removal. Today, cutting fluids play an important role in the process of metalworking.
UK lifts moratorium on shale gas production
27/09/2022 by Katie
The UK has officially lifted the prohibition on shale gas production through hydraulic fracturing, which is commonly referred to as fracking
BP says fast charging is key to driving EV sales
27/09/2022 by OilStoreAdministrator
Speaking to the Financial Times, BP’s head of future mobility and solutions, Richard Bartlett, has said that rather than considering the number of charging points for electric vehicles (EVs), the Government should look at the…