Iran announces new shale oil find
03/03/2017 by Richard
Major shale oil reserves have been discovered in the western province of Lorestan, according to Bahman Soleimani, a senior official at Iran’s state-owned National Iranian Oil Company (NOIC). The new reserves, which were
UK oil industry getting its head above water, MPs told
01/03/2017 by Mark
The UK oil industry will return to being a positive taxpayer in the coming years, according to evidence presented to the House of Commons Scottish Affairs Committee. Last year, the Treasury paid out
Millions of UK lampposts could be getting wind turbines
27/02/2017 by OilStoreAdministrator
The future may see small wind turbines fitted to lampposts in a strategic partnership between IT company NVT Group and green technology firm Own Energy. This partnership will lead to
New report predicts global industrial lubricants market to be worth over $70bn by 2025
24/02/2017 by OilStoreAdministrator
Research and Markets have published a new report with the title ‘Global Industrial Lubricants Market Analysis & Trends – Industry Forecast to 2025’. One of the report’s more prominent predictions is how the global industrial…
OPEC cuts trigger US shale drilling boom
21/02/2017 by Richard
The United States is experiencing its greatest increase in oil drilling since 2012 following cuts in production by the Organization of Petroleum Exporting Countries (OPEC) in cooperation with 11 other countries. These recent production cuts,…
Automotive lubricant market to reach 475m gallons within five years
18/02/2017 by OilStoreAdministrator
A report published this month by Market Research Engine has estimated a compound annual growth rate of 8% within the worldwide lubricants industry by
Shell could boost North Sea jobs
15/02/2017 by Mark
Royal Dutch Shell, the oil giant that manufactures Shell Tellus S2 M 46, could create hundreds of decommissioning jobs in the North Sea jobs as it gets ready to dismantle huge oil rigs located in
Brief guide to draining a hydraulic system
13/02/2017 by Richard
If you have determined that your hydraulic oil needs to be drained, you will want to make sure that you are removing as much of the substance as possible. This is necessary if you want…
ExxonMobil earns 40% less than expected
12/02/2017 by Mark
Oil company ExxonMobil, which manufactures products like Mobilux EP 2 and Mobil DTE 25, is the second oil giant to report earnings that are much lower than analysts had thought they would be. Exxon’s profits…
Six tips for taking care of your gearbox
10/02/2017 by OilStoreAdministrator
Industrial gearboxes can be tricky devices. They require a lot of tender love and care if they are to remain in good working condition for a prolonged period of time, but the good news is…
To flush or not to flush: does your turbine’s lubricant system need flushing?
08/02/2017 by Mark
Flushing a lubricating system can be a great move if it is performed correctly, and if there is a need to do so, in many cases adding years of life to a system, However, the…
Everything you need to know about bearing grease consistency
07/02/2017 by OilStoreAdministrator
While it may seem a dry topic, it is important to educate yourself about bearing grease consistency because it is one of the main factors that can have a positive or negative impact on the