Novak estimates oil production shortfall
30/05/2021 by Mark
Alexander Novak, Russia’s Energy Minister and Deputy Prime Minister, has stated he sees a one million barrel per day (bpd) gap between
Why do lubricant designers include additives?
29/05/2021 by Richard
Oils play a vital role in keeping machine parts working effectively. From stationary plant equipment used by rural enterprises to engines running in cars and commercial vehicles, these lubricants ensure all components can move easily…
Shareholders back Shell's net-zero strategy
28/05/2021 by OilStoreAdministrator
The shareholders of Royal Dutch Shell have passed the company management’s plan to navigate the energy transition. Just under 89% of shareholders voted to approve the plan, although the
Does Morris Lubricants offer oils for classic cars?
27/05/2021 by Mark
To ensure the maximum performance from any engine and to avoid unwanted wear, it’s vital that the type of motor oil used matches its requirements. Over time, car engines have changed in terms of design,…
Shell trials reusable steel oil can
26/05/2021 by Richard
With Shell having launched its net-zero range of lubricant products, packaging remains an area where sustainability can be improved. Recycling helps, but it still requires energy. To address this, Shell is trialling a reusable, stainless…
Mobil launches NASCAR sweepstake
24/05/2021 by OilStoreAdministrator
Lubricant maker Mobil has given NASCAR fans an additional reason to cheer by offering them the chance of a prize every time a driver wins when using its Mobil 1 synthetic passenger
Brent prices return to pre-pandemic levels
22/05/2021 by Mark
Growing optimism about vaccination programmes and economies reopening has fed into the markets and took Brent crude oil prices above $70 per barrel. Aside from a brief period in March, this is the first time…
ExxonMobil targets greater Guyana production
20/05/2021 by Richard
Oil major ExxonMobil has increased the targeted production of its offshore Guyana projects to 800,000 barrels per day (bpd) by 2025 and a million bpd by 2027. It had previously expected to be producing
Shell looks to Singapore for decarbonisation solutions
18/05/2021 by OilStoreAdministrator
With the support of the National Research Foundation (NRF) of Singapore, Shell has entered into a $4.6 million research project with the National University of Singapore (NUS) to investigate using carbon dioxide to
Dutch government awards €2 billion for CCS project
16/05/2021 by Mark
A consortium of oil majors has secured subsidies totalling €2 billion from the Dutch government to implement a carbon capture and storage (CCS) project in the
Shell expects to reach 50% clean energy next decade
14/05/2021 by Richard
Speaking on HBO in an interview with AXIOS, Shell CEO Ben van Beurden predicted that at some point in the 2030s, clean energy will represent about half of
Shell introduces new Formula E transmission oil
12/05/2021 by OilStoreAdministrator
Shell has introduced a bespoke transmission oil for Nissan’s Formula E team, which it says it developed and tested in close cooperation with the team for use in its new powertrain.