G7 leaders moot price cap on Russian energy
11/07/2022 by OilStoreAdministrator
Leaders at the recent G7 summit have indicated in a communiqué that they will investigate the possibility of imposing a price cap on energy imports from Russia to help curb the rise in energy prices…
US considers further release from strategic oil reserves
09/07/2022 by Katie
Amos Hochstein, a Whitehouse special envoy and the coordinator for international energy affairs, has said the United States is considering further releases of crude oil from
UAE and Saudi Arabia close to maximum production capacity
08/07/2022 by Richard
The OPEC+ production deal may be destined to end, as it is becoming clear that the participating countries are reaching their natural limits for
Humber and North East benefit from oil and gas sector
07/07/2022 by Mark
New research from Offshore Energies UK (OEUK) has revealed that the oil and gas industry adds some £1.5 billion to the economy in Yorkshire and the Humber and
UK start-up wins funding for Europe’s first lithium refinery
06/07/2022 by greg
In a development that could help secure the future of the UK automotive sector, Livista Energy has received funding from the Advanced Propulsion Centre, a government-sponsored institution, to develop its plans for building a
Global energy demand exceeded pre-pandemic levels in 2021
06/07/2022 by OilStoreAdministrator
In its Statistical Review of World Energy 2022, BP points out that the global demand for primary energy in 2021 was 1.3% higher than before the COVID-19
Shell contracts Maersk for North Sea drilling
05/07/2022 by Richard
UK-based energy major Shell has agreed a contract with Maersk Drilling to drill one of Shell’s prospects in the
CMA CGM and Shell agree collaboration on marine decarbonisation
04/07/2022 by Mark
Energy giant Shell and shipping company CMA CGM have agreed a new partnership with the aim of speeding up the decarbonisation process in the marine
US shale producers start to “re-frac” wells
03/07/2022 by Mark
Oil producers in the US shale industry have started returning to existing wells and giving them a second blast at high pressure in order to extract more oil from them, a process that has come…
What are biodegradable lubricants?
01/07/2022 by OilStoreAdministrator
Biodegradable lubrication oils may have been around for years, but due to changes in environmental legislation, a more responsible stance on sustainability and current market conditions, interest has grown in these products. In this article,…
CNOOC opens intelligent facility for making oil and gas equipment
01/07/2022 by Richard
China National Offshore Oil Corporation (CNOOC), China’s biggest offshore hydrocarbons producer, made a step towards digitalising the manufacture of marine gas and oil extraction equipment by opening its first intelligent factory in Tianjin municipality
What is mould release oil?
30/06/2022 by Mark
Moulding represents one of the most vital stages in any construction project. As a result, this process requires built-for-purpose and high-quality materials to ensure that the highest standard of work can be successfully achieved. To…