FUCHS completes partnership with DMG MORI
16/09/2022 by Mark
Leading lubricant maker FUCHS has completed its partnership with DMG MORI, a specialist maker of machine tools, by signing a contract between the two companies’ American subsidiaries.
Rachel Eade appointed as new UKMC chair
15/09/2022 by greg
The UK Metals Council (UKMC) has appointed Rachel Eade MBE as its new chairperson, the first time a woman has led the organisation in its 20-year history.
UK lifts moratorium on fracking
15/09/2022 by Richard
In an effort to boost the domestic supply of energy, the UK’s incoming Prime Minister, Liz Truss, has announced the end of a ban on hydraulic fracturing, opening the way for projects to proceed in…
Shell and Kongsberg to work together on marine decarbonisation
14/09/2022 by OilStoreAdministrator
Kongsberg subsidiary Kongsberg Digital has signed a Memorandum of Understanding (MoU) with energy major Shell for collaborative action aimed at supporting and accelerating decarbonisation in the marine sector.
Lithium-processing plant gets Government funding
13/09/2022 by OilStoreAdministrator
In what could be a significant move for the UK automotive sector, the UK’s national innovation agency has awarded funding for Cornish Lithium to build a demonstration-scale plant for processing lithium.
EV demand drives rise in new vehicle sales
12/09/2022 by Mark
Thanks to a substantial increase in the demand for electric vehicles (EVs), registrations of new cars rose by 1.2% year-on-year in August,
Shell and Exxon to sell NAM
12/09/2022 by Richard
According to industry sources, the NAM joint venture between ExxonMobil and Shell is being put up for sale, with it possibly raising around a billion dollars for the two oil majors.
ExxonMobil to promote sustainable solutions at K2022
09/09/2022 by Katie
At K2022 in Düsseldorf, which claims to be the world’s top trade fair for plastics and rubber, energy major ExxonMobil will highlight the benefits of its sustainable solutions.
OPEC+ agrees a small production cut
09/09/2022 by OilStoreAdministrator
The OPEC+ group of oil-producing countries has agreed to reduce its total oil production by 100,000 barrels per day (bpd), essentially reversing last month’s modest increase in production.
Guyana to make $1.1 billion in oil revenue
08/09/2022 by Mark
According to the mid-term report from Guyana’s Ministry of Finance, the South American country is set to receive $1.1 billion in oil revenues this year.
US oil production at two-year high
07/09/2022 by Richard
According to monthly data from the US Energy Information Administration (EIA), total crude oil production in the US rose in June to 11.8 million barrels per day (bpd), which is the highest level since April…
Manufacturing group on recruitment drive
06/09/2022 by greg
The Manufacturing Assembly Network (MAN), a consortium of a specialist engineering design agency and eight subcontract manufacturers, has urged people