OPEC+ announces compensatory cuts
01/08/2024 by OilStoreAdministrator
The Secretariat of the Organisation of the Petroleum Exporting Countries (OPEC) has announced 2.284 million barrels per day (bpd) of production cuts.
Advantages and disadvantages of synthetic oil
01/08/2024 by Richard
In this guide to synthetic oil lubricants, we examine their application in different industries and consider the arguments for and against.
TotalEnergies invests in wind project to support decarbonisation
31/07/2024 by Richard
France-based TotalEnergies has agreed to purchase a 50% interest in the OranjeWind wind power project from renewable developer RWE, with the aim being to supply green hydrogen to decarbonise its refineries.
Choosing the right Emkarate RL oil for your system
30/07/2024 by Mark
Modern day refrigeration and air conditioning compressor lubricants have complex requirements. Selecting the right one is therefore an important decision that will impact the reliability and efficiency of your compressor.
ExxonMobil reportedly to sell Malaysian assets to Petronas
30/07/2024 by OilStoreAdministrator
According to two sources cited by Reuters, ExxonMobil is in talks with Petronas to sell its upstream gas and oil assets in Malaysia.
Petronas and SEEd.Lab showcase social change ventures
29/07/2024 by Mark
At its recent open day, the Social Enterprise Education Laboratory (SEEd.Lab) presented a selection of seven new ventures for social change from its third cohort.
An overview of Paratherm NF heat-transfer fluid
28/07/2024 by OilStoreAdministrator
Paratherm NF is a leading heat-transfer fluid for industrial processors of food, thanks to it having been formulated to provide long service even in demanding conditions.
OPEC+ unlikely to change output quotas
26/07/2024 by Richard
Reuters reports three sources from the OPEC+ group of oil-producing countries as saying that the group’s next ministerial meeting is unlikely to result in any major policy shifts.
Paratherm HE vs. synthetic heat transfer fluids
26/07/2024 by Mark
Systems for liquid heat transfer continue to rely on synthetic heat transfer fluids when natural fluids may be unsuitable.
Kuwait discovers huge offshore oil and gas reserves
25/07/2024 by OilStoreAdministrator
The fifth biggest producer in OPEC, Kuwait, has had its hydrocarbon reserves boosted following a discovery of large volumes of oil and gas in the Al-Nokhatha field.
SSE and TotalEnergies in new EV charging partnership
24/07/2024 by Mark
Energy companies SSE and TotalEnergies have entered into a binding agreement to establish a new joint venture to provide fast and reliable charging for electric vehicles (EVs) in the UK and Ireland.
ExxonMobil planning seventh Guyana development
23/07/2024 by Richard
The government of Guyana has disclosed that ExxonMobil plans to develop a seventh project offshore of the South American country.