UK government releases provisional energy statistics for 2016
07/03/2017 by Mark
UK crude oil and natural gas liquids production rose by 4.8% in 2016, according to provisional figures from the Department for Business, Energy and Industrial Strategy. This is the
Iran announces new shale oil find
03/03/2017 by Richard
Major shale oil reserves have been discovered in the western province of Lorestan, according to Bahman Soleimani, a senior official at Iran’s state-owned National Iranian Oil Company (NOIC). The new reserves, which were
UK oil industry getting its head above water, MPs told
01/03/2017 by Mark
The UK oil industry will return to being a positive taxpayer in the coming years, according to evidence presented to the House of Commons Scottish Affairs Committee. Last year, the Treasury paid out
OPEC cuts trigger US shale drilling boom
21/02/2017 by Richard
The United States is experiencing its greatest increase in oil drilling since 2012 following cuts in production by the Organization of Petroleum Exporting Countries (OPEC) in cooperation with 11 other countries. These recent production cuts,…
Automotive lubricant market to reach 475m gallons within five years
18/02/2017 by OilStoreAdministrator
A report published this month by Market Research Engine has estimated a compound annual growth rate of 8% within the worldwide lubricants industry by
Shell could boost North Sea jobs
15/02/2017 by Mark
Royal Dutch Shell, the oil giant that manufactures Shell Tellus S2 M 46, could create hundreds of decommissioning jobs in the North Sea jobs as it gets ready to dismantle huge oil rigs located in
ExxonMobil earns 40% less than expected
12/02/2017 by Mark
Oil company ExxonMobil, which manufactures products like Mobilux EP 2 and Mobil DTE 25, is the second oil giant to report earnings that are much lower than analysts had thought they would be. Exxon’s profits…
Six tips for taking care of your gearbox
10/02/2017 by OilStoreAdministrator
Industrial gearboxes can be tricky devices. They require a lot of tender love and care if they are to remain in good working condition for a prolonged period of time, but the good news is…
Royal Dutch Shell begins decommissioning Brent field rigs
07/02/2017 by Richard
This week, Royal Dutch Shell, the oil giant that manufactures Shell Omala S2 G 320 and Shell Gadus S2 V100 3, will reveal its plan to disassemble four huge oil rigs located in the North…
Oil prices pass $55 mark
06/02/2017 by Mark
Oil rose to above $55 (£43.57) per barrel on Wednesday, February 1 bolstered by signs that OPEC oil producers and Russia are delivering on their promise to reduce supplies. Although there was a
Shell profits suggest comeback underway
03/02/2017 by OilStoreAdministrator
Royal Dutch Shell is set to lead a spectacular comeback as February gets underway, as the oil giant, which makes Shell Gadus S2 V100 3 and Shell Tellus S2 M 32, revealed that its annual…
Climate scientist joins ExxonMobil
30/01/2017 by Richard
Energy giant ExxonMobil, which manufactures Mobil Vactra 4 and Mobilux EP 2, has appointed esteemed climate scientist Susan Avery into a position on its board of directors. The company, which is