UK oil and gas to receive £6m investment
05/08/2016 by Mark
The Oil and Gas Authority has bestowed £6m to pay for the study and exploration of UK offshore oil areas. The money, in the form of study contracts, has
Tankers in Britain make it an oil glut capital
03/08/2016 by Richard
The United Kingdom has temporarily become the centre of the worldwide oil glut, as falling demand among refineries has
Oil expected to drop to $40 a barrel again
30/07/2016 by Mark
After oil prices plummeted on Wednesday, July 27, the U.S. Energy Information Administration (EIA) sent shockwaves through
Oversupply causes oil prices to fall
27/07/2016 by Richard
Oil prices occupied an almost two-month low on Monday, July 25, due to concerns that a glut in worldwide crude and
BP set to sell off its UK oil terminals and UKOP pipeline stake
24/07/2016 by OilStoreAdministrator
Oil giant BP is to sell off a number of fuel storage terminals, along with its share of a huge pipeline, as the
‘Gatwick Gusher’ oil zone upgraded
21/07/2016 by Mark
Oil expert Nutech has upgraded oil in place figures for the Portland zone of the Horse Hill project by around 200%, as work on
ExxonMobil outdoes Oil Search in InterOil bid
18/07/2016 by OilStoreAdministrator
Papua New Guinea’s biggest oil and gas company, Oil Search, has revealed that its bid for InterOil, totaling $2.2bn, has been beaten by a ‘superior proposal’ from oil giant ExxonMobil. ExxonMobil, which manufactures the
GE Jenbacher names Shell as recommended oil supplier
15/07/2016 by Mark
Royal Dutch Shell, which is known for high-quality oil products like Shell Tellus S2 M 32 and Shell Tonna S3 M 68, recently revealed that GE Jenbacjer has recommended it as global oil provider for…
U.S. oil reserves outdo Saudi Arabia
12/07/2016 by Mark
The U.S. has overtaken oil industry behemoths Saudi Arabia in the number of recoverable oil reserves they have, according to a recently released international study. The new report, which was carried out by
Brexit may slow down planned asset sales, says Shell
12/07/2016 by OilStoreAdministrator
The CEO of oil Giant Royal Dutch Shell, which produces a number of high quality oil-based products – including Shell Gadus S2 V100 3, Shell Omala S2 G 320, and Shell Tellus S2 M 46…
Oil process stabilize as market heads towards balance
06/07/2016 by OilStoreAdministrator
Oil futures reached a stable level at the start of this week, following the Saudi Arabia energy minister’s remarks that the
Growing automobile sales predicted to drive lubricants market size
03/07/2016 by Mark
The lubricants market, which is led by Shell, ExxonMobil, Chevron and BP, is expected to grow significantly between now and