Scientists develop special oil sponge
22/03/2017 by Mark
Researchers at the University of Chicago’s Argonne National Laboratory have found a revolutionary new way to clean up after oil spills: the Oleo Sponge. The amount of oil that can
The world’s top oil-producing countries: Russia
17/03/2017 by Richard
Russia’s oil industry may have experienced a steep decline after the collapse of the Soviet Union, but a subsequent turnaround in 1999 led to it replacing Saudi Arabia as the world’s leading oil producer, albeit…
The world’s top oil-producing countries: Saudi Arabia
16/03/2017 by Richard
Thanks in no small part to its oil industry, Saudi Arabia has the largest economy of any Arab country. Its 268 billion barrels of proven oil reserves were the largest in the world until Venezuela…
Energy companies plan artificial island in the North Sea
16/03/2017 by Richard
A collection of European energy companies from Denmark, the Netherlands, and Germany have proposed building a huge artificial island on a sandbank in a shallow part of the North Sea some 62 miles east of…
The world’s top oil-producing countries: USA
15/03/2017 by Richard
The United States may be the world’s largest consumer of oil, but it’s also the world’s third biggest producer at almost nine million barrels a day, a figure surpassed only by Russia and Saudi Arabia.…
The world’s top oil-producing countries: Iraq
14/03/2017 by Richard
Iraq may be best known for its turbulent past over recent decades, but it has a huge amount of mineral wealth beneath its surface. The Middle Eastern country is
The world’s top oil-producing countries: China
13/03/2017 by Richard
With an output of 3,938,000 barrels per day in 2016, China is the world’s fifth biggest oil producer. Despite its significant production, rising demand led to
Shell and BP signal recovery in oil industry
13/03/2017 by OilStoreAdministrator
Two separate moves by oil giants Shell and BP suggest oil producers are regaining their confidence. Royal Dutch Shell, which also manufactures greases like Shell Gadus S2 V100 3, has given the go-ahead for the…
UK government releases provisional energy statistics for 2016
07/03/2017 by Mark
UK crude oil and natural gas liquids production rose by 4.8% in 2016, according to provisional figures from the Department for Business, Energy and Industrial Strategy. This is the
Iran announces new shale oil find
03/03/2017 by Richard
Major shale oil reserves have been discovered in the western province of Lorestan, according to Bahman Soleimani, a senior official at Iran’s state-owned National Iranian Oil Company (NOIC). The new reserves, which were
UK oil industry getting its head above water, MPs told
01/03/2017 by Mark
The UK oil industry will return to being a positive taxpayer in the coming years, according to evidence presented to the House of Commons Scottish Affairs Committee. Last year, the Treasury paid out
OPEC cuts trigger US shale drilling boom
21/02/2017 by Richard
The United States is experiencing its greatest increase in oil drilling since 2012 following cuts in production by the Organization of Petroleum Exporting Countries (OPEC) in cooperation with 11 other countries. These recent production cuts,…