Russia already increasing oil production
15/07/2018 by Mark
Quoting sources privy to the data, Reuters reports that Russia was already pumping up to 11.193 million bpd (barrels per day) in the first days of July.
ExxonMobil set to return to site of Australia’s first offshore well
18/05/2018 by OilStoreAdministrator
ExxonMobil is set to begin new exploration in the Gippsland Basin off the south-east coast of Australia, where together with its venture partner BHP, the company has extracted more than 8 trillion cubic feet of…
US set to become world’s top oil exporter
09/05/2018 by OilStoreAdministrator
It has already been predicted that the US will soon become the world’s top oil producer, but the country is also the world’s largest consumer of oil. This situation has meant it has generally been…
Trade body predicts UK manufacturing to outperform wider economy
18/12/2017 by Mark
The manufacturers’ association EEF has published the results of its quarterly survey, which found UK manufacturing to be in robust condition. The trade body predicts
Daimler and HPE look to hydrogen fuel cells for data centres
18/11/2017 by Richard
Hydrogen fuel cells may be more associated with powering automobiles, but Daimler has announced—in association with HPE, the National Renewable Energy Laboratory, and
ExxonMobil introduces a new series of gas engine oils
03/09/2017 by Mark
ExxonMobil has launched its new Pegasus 1100 series of oils to keep pace with recent developments in gas engines. This next-generation series was
Nigeria and Libya will not face production caps yet
12/06/2017 by OilStoreAdministrator
The Secretary General of OPEC has stated it is too early to decide as and when any production cuts should apply to Libya and Nigeria. Both these countries have
ExxonMobil set to expand Rotterdam Hydrocracker
04/11/2015 by Mark
ExxonMobil, the makers of a range of oil-based products, including Mobil DTE Heavy Medium, has announced that it is planning to expand the hydrocracker unit at its Rotterdam refinery, so that it can
Significant board changes at Fuchs Lubricants
05/08/2015 by Richard
The major lubricant manufacturer Fuchs Petrolub has confirmed that it will be making a number of changes at
UK operations restructured by Q8 after major investment
29/07/2015 by OilStoreAdministrator
Q8Oils has confirmed that its lubricants manufacturing operations in the UK and Europe will undergo restructuring, after it secured an investment of
Record turnover for British automotive sector
15/07/2015 by OilStoreAdministrator
The automotive industry in the UK enjoyed a record high turnover of
Massive wind farm launches in North Wales
01/07/2015 by Richard
Wales is now home to the second biggest offshore wind farm in the world, following the opening of the 160-turbine Gwynt y Mor. The Welsh First Minister, Carwyn Jones AM, was in attendance for the