A guide to hydraulic oils
30/08/2024 by OilStoreAdministrator
To keep different types of mechanical equipment operating on top form, a wide range of greases, oils and fluids are deployed. While some of these lubricants are designed for general purposes, others are specifically designed…
BNEF predicts sharper rise in US oil production
30/08/2024 by OilStoreAdministrator
The growth in crude oil production in the US is set to accelerate next year, thanks to improvements in well efficiency.
Chief BP economist states OPEC+ has limited options
29/08/2024 by Richard
The OPEC+ group has very little scope to wind back its production cuts according to Spencer Dale, the chief economist at energy giant BP, which also makes the Castrol metalworking range.
Chevron uses mini ROVs to clean subsea structures
28/08/2024 by Mark
US-based oil major Chevron has announced that it has successfully tested using mini remotely operated vehicles (ROVs) to clean marine growth from the subsea structures of its offshore assets.
Weak economic data from China triggers fall in oil prices
27/08/2024 by OilStoreAdministrator
Oil prices have fallen following the release of a series of economic reports, indicating that China’s demand for crude oil may be slowing.
Growth in US shale presents problems for OPEC+
26/08/2024 by Richard
According to analysts, the ongoing growth in crude oil production in the US could cause problems for the OPEC+ group.
Shell invests in water injection for Vito field
23/08/2024 by Mark
Shell plc, through its subsidiary Shell Offshore Inc., has announced that it has made a final investment decision (FID) to proceed with a waterflood project for the Vito field in the US Gulf of Mexico.
Kluber to present new booster and rescue products at WindEnergy 2024
22/08/2024 by OilStoreAdministrator
At WindEnergy 2024, global lubricant specialist Kluber will showcase two new products aimed at increasing the efficiency of wind turbines by extending their maintenance intervals.
Kluber Lubrication to showcase its advanced rail lubricants
21/08/2024 by Richard
Components in rail transport are greatly affected by lubrication in terms of their efficiency, reliability and service life. Kluber will now be
Chevron begins production with new deepwater technology
20/08/2024 by Mark
US-based oil major Chevron has announced that its revolutionary Anchor project in the deep waters of the US Gulf of Mexico has commenced the production of oil and natural gas.
Global oil demand may not absorb increased OPEC+ production
19/08/2024 by OilStoreAdministrator
Industry sources and analysts have told Reuters that limited growth in the demand for crude oil may fail to compensate for extra production.
Fuchs reports successful first half of the year
16/08/2024 by Richard
Fuchs, an independent developer of pioneering lubricant solutions, has announced strong results for the first half of the year.