Shell’s exit of North Sea could generate $1bn
12/09/2016 by OilStoreAdministrator
Royal Dutch Shell, known for its oil-based products like Shell Tellus S2 M 46 and Shell Gadus S2 V100 3, could be set to generate $1bn (£750 million) within the
Four hydraulic reliability checks you must make
10/09/2016 by Mark
Although most people do the basics of hydraulic maintenance, including changing filters on a regular basis, checking oil levels etc., many neglect to carry out a lot of other tasks that could stop the equipment…
Oil prices could hit $60 if a freeze is agreed
09/09/2016 by OilStoreAdministrator
If the Organization of Petroleum Exporting Companies (OPEC) is able to pull off a freeze on oil output, crude prices could creep up to as much as $60 (£44.75). There is real hope that
More common hydraulic mistakes and how to correct them
08/09/2016 by OilStoreAdministrator
There are so many common hydraulic mistakes that are made on a regular basis, that we have put together another article, highlighting some of the most-common things you might be doing wrong when dealing with…
Putin speaks in favour of oil output freeze
06/09/2016 by OilStoreAdministrator
Russian President Vladimir Putin has commented that an agreement to freeze oil output amongst the world’s biggest oil producers would be the correct call as far as the global oil market is concerned. He also…
Common mistakes made with hydraulic machinery
05/09/2016 by Richard
There are a number of errors that plants operating hydraulic machinery make time and time again, which means that many people in the industry must not be aware of the issues surrounding these simple mistakes,…
US oil falls as reserves swell
03/09/2016 by Richard
Oil prices fell on the morning of September 1, due to growing fears that oil reserves are still way too high globally, along with the neutering effect of a strong US dollar. Brent crude was
The importance of defoamants
02/09/2016 by Mark
One of the most common issues experienced by lubricants is the formation of foam. This is a particular problem in machinery that has a lot of system turbulence. Foam can have a detrimental effect on…
Tips for controlling turbomachinery contamination
31/08/2016 by OilStoreAdministrator
Turbomachinery is the epitome of extremely productive equipment. However, it is also known for requiring high levels of lubricant, and running up high equipment costs, which is why contamination control is so vital. The best…
ExxonMobil puts six-figure sum towards flood appeal
30/08/2016 by Richard
ExxonMobil, known for its high-quality products like Mobil 1 Racing 4T, has donated $500,000 (£378,000) to the American Red Cross and the Greater Baton Rouge Food Bank, for
China now largest North Sea crude oil operator
27/08/2016 by Mark
China has become the largest crude operator in the North Sea, with one state-owned company believed to be on course
Iraq to increase oil exports following Kirkuk Fields agreement
24/08/2016 by OilStoreAdministrator
The Organization of the Petroleum Exporting Countries second-largest producer, Iraq is set to increase crude oil exports by