Russia and Saudi Arabia raise oil production in run up to OPEC meeting
18/06/2018 by OilStoreAdministrator
Both Russia and Saudi Arabia, two of the world’s biggest oil producers, have loosened the taps on oil production ahead of the next OPEC in Vienna on June 22. It is widely anticipated that the…
Canadian company announces new way to capture carbon dioxide
15/06/2018 by OilStoreAdministrator
Carbon Engineering, a privately owned Canadian company, has published an article in scientific journal Joule describing a new process for extracting carbon dioxide from the atmosphere. Once extracted, they intend to be able to convert…
US asks OPEC to boost oil production
12/06/2018 by OilStoreAdministrator
Bloomberg, quoting sources familiar with the matter, reports that the US Government has made a subtle request from OPEC to increase oil production by a million barrels per day (bpd). While US politicians often criticize…
Oil price dips on record US oil production
09/06/2018 by Richard
The price of Brent crude dipped on Monday June 4 to $75.53 a barrel before recovering most of its losses to trade at over $76 a barrel by lunchtime in the UK. The move was…
ExxonMobil buys into Pakistan’s offshore drilling
06/06/2018 by OilStoreAdministrator
Energy company ExxonMobil, which also makes extreme pressure gear oils like Mobilgear 600 XP 68, has acquired a 25% stake in offshore drilling in Pakistan. Prior to the acquisition, Italian energy firm Eni, Oil and…
ExxonMobil targets emission reductions
03/06/2018 by OilStoreAdministrator
ExxonMobil, the energy giant behind Mobil UK stockists, has set itself new targets for reducing emissions from its upstream operations. Compared with 2016 levels, the company says it will reduce its methane emissions by 15%…
How ExxonMobil is using algae to produce oil
01/06/2018 by Mark
ExxonMobil, the oil major behind Mobil-branded lubricants, has a broad research portfolio when it comes to biofuels. It believes some fundamental breakthroughs in
Russia and Saudi Arabia edge toward easing production caps
30/05/2018 by Richard
There are increasing signs that Russia and Saudi Arabia are moving closer to relaxing the OPEC-led production caps that have been in force since the start of
Wind power outdoes nuclear in first three months of year
27/05/2018 by OilStoreAdministrator
According to a report from Imperial College London, wind power overtook nuclear in terms of the amount of electricity produced in the first three months of
How debris analysis can help prevent equipment failure
25/05/2018 by Mark
Despite your best efforts, and your choice of high quality lubricants from Mobil UK stockists, it’s not unheard of for components to fail, usually for one
Researchers announce new method for making biofuel
24/05/2018 by Mark
Researchers at the University of Turku in Finland have announced that they have found a new efficient way to use algae to make biofuel. In the new method, the algae uses solar energy to split…
Germans trial converting wind power into gas
21/05/2018 by Mark
German energy company Uniper has launched a new pilot scheme to make use of wind power by converting it into methane gas. Wind power across Europe is growing rapidly, and the industry continues to make…