Libya oil production back to 1.2 million bpd
20/01/2022 by Mark
Following a difficult period, Libya’s energy minister, Mohammed Oun, said daily production was around 1.2 million barrels per day (bpd), which is roughly what it was before a series of closures and shutdowns hit the…
Exxon Mobil acquires stake in biofuel company
18/01/2022 by OilStoreAdministrator
US-based supermajor Exxon Mobil has announced that it has agreed to buy a 49.9% stake in the Norwegian firm Biojet AS, which aims to convert wood waste from construction and forestry into biofuels and feedstock…
US crude oil production to set new record
16/01/2022 by Richard
The US oil industry will beat its pre-pandemic record for crude oil production, according to new data from the US Energy Information
Shell repurposes petrol station as EV charging hub
14/01/2022 by OilStoreAdministrator
In a sign of changing driving habits, Shell has opened an all-electric charging hub for electric vehicles (EVs) on the site of a former
All you need to know about Morris Lubricants
13/01/2022 by Richard
For over 150 years and five generations, Morris Lubricants has earned an impressive reputation designing, manufacturing and supplying premium products to stockists, distributors and end-users here in the United Kingdom. However, with an understanding of…
Digital transformation to mitigate threats in oil and gas industry
12/01/2022 by Mark
A new report titled Digital Transformation in the Oil and Gas Markets from ABI Research has predicted that oil and gas companies will spend $15.6 billion on digital solutions to address the challenges facing the…
What is the Morris Lubricants Training Academy?
11/01/2022 by OilStoreAdministrator
Before the COVID-19 pandemic struck in 2020, the world-leading lubrication manufacturer Morris Lubricants held numerous training events live at its headquarters in Shrewsbury. The company’s aim was to help inform and educate its customers, to…
OPEC+ continues planned production increases
10/01/2022 by Mark
At its latest ministerial meeting, the OPEC+ group of oil producers have agreed to proceed with the next step in easing production quotas by 400,000
What is the difference between synthetic blend oils and full synthetic oils?
07/01/2022 by Richard
High-quality oils are the base for the most common form of lubrication used today. While traditionally, all-natural mineral oils were used as lubricants for a wide range of machinery, over
Expert predicts US production rises in 2022
06/01/2022 by OilStoreAdministrator
IHS Markit’s vice chairman, Daniel Yergin, has predicted that US oil production could rise by as much as 900,000 barrels per
BP and Oceaneering successfully pilot remote ROV
04/01/2022 by Richard
In a first for the UK, Oceaneering International, a subsea technology and engineering company, has successfully piloted a remotely operated vehicle (ROV) for BP from its
GazProm boss cautious about oil market overheating
02/01/2022 by OilStoreAdministrator
The CEO of Gazprom Neft, Russia’s third-largest oil producer, has indicated that there is still a risk that the oil markets may overheat in 2022, although he said his company was working on increasing its…