Non-OPEC members yet to pledge to definite output steps
03/11/2016 by OilStoreAdministrator
Nonmembers of the Organisation of Petroleum Exporting Countries (OPEC) have failed to make a specific commitment to curb oil output at a meeting last Saturday, October 29. Although OPEC members have
Are more expensive lubricants always better?
01/11/2016 by OilStoreAdministrator
You may be led to assume that the more a lubricant costs, the better the quality. Although trusted brands like Shell, Q8, Mobil and Fuchs do tend to perform well, it is not really possible…
Royal Dutch Shell set for major assets sale
30/10/2016 by Mark
Royal Dutch Shell, the oil giant known for products like Shell Omala S2 G 320 and Shell Gadus S2 V100 3, is set to sell $1bn of Western Canadian assets in a bid to raise…
Making environmental lubricant choices
29/10/2016 by Richard
Hydroelectric power stations may provide more environmentally friendly sources of energy than traditional power stations. However, that does not mean that we should not be concerned with
OPEC quarrel leads to dip in oil
27/10/2016 by OilStoreAdministrator
The price of oil dipped on Tuesday, October 25 as disagreements emerges within the Organisation of Petroleum Exporting Countries (OPEC) about who should cut which amount of production in a planned output reduction to
Oil producers expectant that price slump is over
24/10/2016 by Mark
A number of the planet’s biggest oil executives recently met up in a London Mayfair hotel for an industry summit. During this summit, Brent crude was fetching £52 per barrel, which is the exact same…
Oil companies experiment with cost-saving technologies
21/10/2016 by Richard
Oil giants including Chevron, Statoil and Royal Dutch Shell, the latter of which manufactures Shell Tellus S2 M 46, are experimenting with several technologies, including drill design and drones, in a bid to
Investors regain interest in US oil
18/10/2016 by OilStoreAdministrator
Investors are renewing their interest in US oil and gas properties that are deemed to come with more risk, as the rebound in crude oil prices boosts hopes that the oil industry faces a more…
Iraqi oil minister wants to up output in 2017
15/10/2016 by Mark
In a statement released on Sunday, October 9, the Iraqi oil minister encouraged oil and natural gas producers with operations in the country to
Tips for machine inspection preparation
14/10/2016 by Richard
Inspection should be of the utmost importance to anyone who runs industrial machinery for any reason. It is the foundation of several important things, including machine reliability and condition monitoring, which is why we should…
Three important hydraulic reliability checks you need
12/10/2016 by Mark
Although it is fair to say that preventative maintenance and reliability procedures play an important part in keeping hydraulic systems in tip-top shape, alone they are not enough to ensure that you will be free…
Libya increases oil exports
12/10/2016 by Richard
Just over a week after the Organization of Petroleum Exporting Countries (OPEC) came to an agreement in regards to reducing global oil supplies, Libya has