ExxonMobil makes three new Guyana discoveries
02/05/2022 by Mark
US-based oil major ExxonMobil has continued its run of discoveries offshore of Guyana with three new finds, resulting in it raising its estimate for recoverable oil and gas in
What are the different uses of Petronas Lubricants?
01/05/2022 by OilStoreAdministrator
Petronas Lubricants International manufactures lubricants on a global scale and is an extension of Petronas, Malaysia’s official national oil corporation. Since it was
Why should you use Petronas lubricants?
30/04/2022 by Richard
Currently ranked in the top 10 lubricant manufacturers in the world, Petronas Lubricants International (PLI) is the global lubrication marketing and manufacturing arm of the Malaysian national oil
IEA outlines oil stocks release
28/04/2022 by Mark
The International Energy Agency (IEA) has released details for how its member countries will release some 182.7 million barrels of crude oil and oil products over the coming months.
Shell transition plan on schedule
26/04/2022 by Mark
In its most recent report on transition progress, Shell says it has made solid progress to becoming a net-zero emissions business by 2050 despite the disruption caused by the war in Ukraine.
Demand optimism prompts US drillers to pump more oil
21/04/2022 by Richard
Despite a shortage of labour and disruption to supply chains, optimistic sentiment about the continued demand for crude oil are prompting US operators to ramp up production.
Ineos asks for chance to prove fracking safe
20/04/2022 by Mark
Energy giant Ineos has written to the UK’s government asking for the opportunity to develop a test site for extracting shale gas to prove that the process is
US rig count increases again
14/04/2022 by Mark
According to Baker Hughes, which provides services to the energy sector, the US rig count rose for the third week in a row to reach 689, the highest number
Iranian crude oil production returns to 2018 levels
12/04/2022 by Richard
According to a top official in Iran, crude oil production there has returned to levels not seen since before the US withdrew from its nuclear deal with the country and
Fuel distributor announces shift to Mobil Diesel Efficient
10/04/2022 by OilStoreAdministrator
Moffitt Services, which distributes lubricants and fuel and is based in Texas, has become one of a few distributors to announce a full shift of its diesel purchases to Mobil Diesel Efficient, which features a…
UK to follow US in releasing oil reserves
08/04/2022 by Mark
According to sources speaking to Bloomberg, the UK has agreed to follow the United States in releasing some of its strategic oil reserves. The anonymous sources did not mention the size of the UK’s release,…
OPEC+ sticks with gradual production increases
06/04/2022 by Richard
The OPEC+ group has decided to continue its current strategy of unwinding its production cuts on a gradual basis, despite calls from some quarters to