BP finalises purchase of Archaea Energy
05/01/2023 by OilStoreAdministrator
BP has moved a step further in its strategic aim of diversifying into bioenergy by completing its acquisition of a prominent producer of renewable natural gas (RNG) called Archaea Energy, after securing regulatory and shareholder…
Why are lubrication oil pumps always of positive displacement type?
04/01/2023 by Mark
The pump technology selected for an application will depends on many different factors including fluid type, viscosity, abrasiveness and temperature among other. However, when it comes to lubrication oil pumps, a
Eni and TotalEnergies make Cyprus discovery
04/01/2023 by OilStoreAdministrator
Eni and its partner TotalEnergies have made another discovery of natural gas in the waters off the coast of Cyprus. The Tungsten Explorer drill ship drilled the
A guide to types of turbine oils and which to select
04/01/2023 by Mark
There are many kinds of turbine oils available to purchase from suppliers today, but it is vital that operators always choose the correct product for the specific equipment they use. When selecting the ideal turbine…
SMMT optimistic about 2023
03/01/2023 by greg
New data from the Society of Motor Manufacturers and Traders (SMMT) gives hope that the UK automotive sector will continue to get back on track in 2023.
US to begin refilling oil reserves
03/01/2023 by OilStoreAdministrator
The United States is to start buying oil to refill its Strategic Petroleum Reserve (SPR), the largest emergency stockpile of crude oil in the world.
What are heat transfer fluids?
03/01/2023 by OilStoreAdministrator
Concerning fluid thermodynamics, heat transfer fluids can be either a liquid or a gas that takes
INTOG leasing process attracts 19 applications
01/01/2023 by Mark
Crown Estates Scotland has announced that it has received 19 applications in total for its leasing process as part of its Innovation and Targeted Oil and Gas (INTOG) offshore wind programme.
New strategic partnership for FUCHS and L.B. Foster
30/12/2022 by greg
Leading lubricant maker FUCHS has agreed with L.B. Foster Company to enter into a new strategic partnership aimed at developing new friction management solutions for the global rail market.
Shell and Mitsubishi to incorporate environmental elements in windfarm
30/12/2022 by Richard
Mitsubishi-owned energy company Eneco and Shell have won the rights to develop a new windfarm more than 30 miles off the Dutch coast, with the companies planning to incorporate innovations to improve its environmental impact…
US sees surprise increase in crude inventories
29/12/2022 by OilStoreAdministrator
A four-week long streak of US crude oil inventory drawdowns was broken when official data from the American Petroleum Institute (API) showed an unexpected build of 7.819 million barrels, compared to an anticipated drawdown of…
Permian operators drill deeper as production starts to plateau
28/12/2022 by Mark
According to BMO Capital Markets, over two-thirds of the premium land in the prolific US Permian Basin has already been drilled for oil, meaning that operators are looking for other opportunities to maintain production.