Abu Dhabi now significant investor in BP oil field deal
27/12/2016 by Richard
The government of Abu Dhabi has become a considerable investor in BP in an agreement that gives the oil giant, which
Goldman Sachs believe oil price will near $60 in 2017
24/12/2016 by Richard
American investment bank Goldman Sachs has said that the price of oil per barrel will get near $60 early next year. In the second reappraisal of
Shell backs green power kite
18/12/2016 by Richard
Royal Dutch Shell, which makes Shell Tellus S2 M 32, has partnered with Schlumberger and Eon to buy into a brand new kind of wind power that is based on the use of high-flying kites,…
ExxonMobil partners with Red Bull Racing
15/12/2016 by OilStoreAdministrator
ExxonMobil, which is known for its automotive products like Mobil 1 Racing 4T and Mobil Pegasus 1, has been confirmed as the official lubricant, fuel and oil partner of the Red Bull Racing Formula 1…
Non-OPEC member countries agree to oil output cut
12/12/2016 by Mark
A group of 11 non-Organization of Petroleum Exporting Countries (OPEC) oil producing countries have acquiesced to cut their respective oil outputs in order to boost oil prices. The group of oil producing
How to safely recycling cutting oils
12/12/2016 by Mark
One of the best things about cutting oils is that it can be recycled and reused a number of times before you have to dispose of it forever. In order to reuse it, you will…
Oil giant Shell signs deal with Iran
09/12/2016 by Richard
Energy giant Royal Dutch Shell, which makes Shell Gadus S2 V100 3 and Shell Omala S2 G 320, has formalised a provisional agreement with Iran that will see it
OPEC countries agree to supply deal
06/12/2016 by Mark
The Organisation of Petroleum Exporting Companies (OPEC) has finally reached a deal to
Shell considers selling its Iraq assets
03/12/2016 by OilStoreAdministrator
Royal Dutch Shell, which makes leading products like Shell Omala S2 G 320, is thinking about selling its Iraqi oil field as part of its $30bn global asset disposal program, according to industry sources. The…
Crisis ‘almost at turning point’ according to Oil and Gas survey
30/11/2016 by Mark
With more than two in three companies in the oil and gas sector making job cuts in 2015, there are signs that the trouble may be reaching a shifting point following a
IEA anticipates oil investment to fall again in 2017
27/11/2016 by OilStoreAdministrator
Investment in fresh oil production is expected to fall for the third year in a row in 2017, as the worldwide supply glut continues fostering volatility in the crude oil markets, according to the head…
Oil prices at highest since October
24/11/2016 by OilStoreAdministrator
Oil prices reached their highest levels since October on 22nd November, as the market was