Everything you wanted to know about Petronas Lubricants
28/06/2022 by Richard
Listed as one of the world’s 10 leading lubrication companies, Petronas Lubricants International (also known as PLI or simply Petronas) has earned a reputation for excellence in both the services and products it delivers. Headquartered…
US rig count rises by seven
24/06/2022 by Richard
New data from oil field service company Baker Hughes reveals that the number of active drilling rigs in the United States rose by seven in
IEA predicts record oil demand next year
24/06/2022 by Katie
In its initial outlook for 2023, the International Energy Agency (IEA) has predicted that the demand for crude oil will surpass the pre-pandemic level to reach a new record high of 101.6 million barrels per
Guyana may become South America's biggest oil producer
22/06/2022 by Mark
Due to the number of sizeable oil discoveries made by ExxonMobil together with its partners CNOOC and Hess, the tiny former British colony of Guyana could become the largest oil producer in South America
Shell CEO sets out five aims for the UK
20/06/2022 by OilStoreAdministrator
Speaking at the company’s Powering Progress UK summit for contractors and staff, Shell’s CEO, Ben van Beurden stated five clear goals
Global oil production almost back to pre-pandemic levels
14/06/2022 by Richard
According to new estimates from the US Energy Information Administration (EIA), the global production of crude oil is now back to within 1% of the level seen just
BP outlines UK investment plans
13/06/2022 by Mark
Speaking at a business summit organised by the North East England Chamber of Commerce, BP’s Head Of Country for the UK, Louise Kingham, gave a speech about BP’s investment
Safety-Kleen announces new range of sustainable base oils
12/06/2022 by Mark
Used oil recycler Safety-Kleen has launched its new KLEEN+ family of base oils, which it claims are both more sustainable and superior in quality when compared to base oils refined from
New decommissioning tool begins tests
10/06/2022 by OilStoreAdministrator
A programme of feasibility testing has begun for a new tool developed by Clearwell Technology that promises to radically reduce the cost of decommissioning oil and
Markets may see more crude from Venezuela and Iran
09/06/2022 by Richard
According to various sources, the United States may ease sanctions on Iran and Venezuela to allow more crude oil to
OPEC+ agrees to boost production
08/06/2022 by Mark
At a meeting of ministers from 13 OPEC member countries and 10 associated non-OPEC countries, the OPEC+ group decided to advance its timetable for increasing crude oil production. Output had been planned to rise by…
Shell gets go ahead for Jackdaw field
07/06/2022 by OilStoreAdministrator
UK regulators have given approval for Shell to develop the Jackdaw gas field, which could potentially produce about 6.5% of the UK’s