Chevron tells executives to leave Venezuela after arrests
30/04/2018 by Mark
Following the arrests of two of its workers over a contractual dispute, Reuters reports sources saying that Chevron has evacuated its executives from Venezuela. Other workers have also been instructed to stay away from its…
ExxonMobil demonstrates Mobilgrease 33 at MRO Americas 2018
27/04/2018 by OilStoreAdministrator
A new video has been published showing a demonstration by ExxonMobil, the oil major that makes lubricants for Mobil UK stockists, from the exhibition floor of MRO Americas 2018, a leading event for the aviation…
Using bypass filtration to extend machine life
26/04/2018 by Mark
When you order a high-performance hydraulic lubricant like Mobil DTE 25, you can be sure you’re doing the best for your machinery, but no lubricant lasts forever, especially when
European spending on wind power up 9%
24/04/2018 by OilStoreAdministrator
Investments in wind power across Europe jumped 9% to a total of €51.2 billion in 2017 according to the Financing and investment trends report from WindEurope. It should be noted that
World's most powerful wind turbine completed off Scottish coast
21/04/2018 by Richard
In a new first for Scottish wind power, the world’s most powerful wind turbine has been successfully set up off the coast of Aberdeen. The developers, Vattenfall, claim that a single rotation of the 8.8…
Venezuela’s oil production continues drop
18/04/2018 by OilStoreAdministrator
Venezuela’s problem-stricken oil industry suffered a new blow as the country reported a fresh drop in production to OPEC
Energy expert thinks rising US oil exports could reverse crude's rally
15/04/2018 by OilStoreAdministrator
Speaking in an interview with CNBC, energy expert Tom Kloza, co-founder of the Oil Price Information Service, said that the record US crude oil exports could potentially unbalance the global oil markets. Kloza
Scottish wind power makes great start to year
12/04/2018 by Mark
Figures for the first quarter show that Scottish onshore wind turbines generated 44% more electricity than the same quarter last year, which was also a record-breaking period at the time. The data from WWF Scotland…
Iraq set for large capacity boost
09/04/2018 by Richard
The Iraqi government in Baghdad has given the green light to a plan to boost its oil capacity. By 2022, the
Russian oil production hits 11-month high in March
07/04/2018 by OilStoreAdministrator
Russia’s oil production increased slightly in March for the first time since April last year. It reached an average of 10.97 million barrels per day (bpd), a little above its agreed limit of 10.947 million…
UK wind power sees another record high
04/04/2018 by Richard
Recently published government figures reveal that wind power met 14.7% of the country’s total demand in 2017, setting a new record. It was also a good year for renewables in general, with renewable sources—including bioenergy,…
UK North Sea oil to decline in 2019
01/04/2018 by OilStoreAdministrator
According to a report from Bernstein, oil production from the UK Continental Shelf (UKCS) is set to return to a decline in 2019 following a brief respite since 2015. While UK North Sea oil production…