Pioneer CEO says no more record US oil production
17/03/2023 by OilStoreAdministrator
Scott Sheffield, the boss of Pioneer Natural Resources, has said that inventory and refining limitations will prevent crude oil production in the US from booming ever again.
BP denies backtracking on green transition
16/03/2023 by Katie
Dave Lawler, BP America’s chair, has said that BP’s plans to produce more oil than previously announced did not mean it was shifting away from its transition to renewable and low-carbon energy.
Heavy-duty mobile equipment lubricant launched by Petro-Canada
16/03/2023 by Mark
Petro-Canada Lubricants has released a new synthetic, multi-purpose, all-season lubricant for the wet brakes, transmissions, drive lines, and hydraulic systems of heavy-duty equipment in sectors like construction and mining.
Suncor sells UK oil assets to Equinor
15/03/2023 by Richard
Canada’s Suncor Energy has reached a deal to sell its UK oil assets to Equinor of Norway for $850 million.
Valvoline finalises sale of global products division
14/03/2023 by OilStoreAdministrator
Leading lubricant brand Valvoline has completed the sale of its global products division to the Saudi oil giant Aramco in
Shell reconsiders oil production cuts
13/03/2023 by Mark
In an interview with The Times, Wael Sawan, the new CEO of Shell, said that the company is reviewing its previous decision to wind down its crude oil production by around
DuPont celebrates 75th anniversary of Molykote brand
12/03/2023 by Mark
Parent company Dupont recently marked the 75th anniversary of the founding of the Molykote brand
What are the different types of soluble cutting oil?
10/03/2023 by greg
A diverse range of lubricants are employed in industrial applications to increase performance and keep equipment protected from harm. Greases, fluids and oils are specifically designed by leading lubricant manufacturers for specific machinery and components…
API reports further build in US oil inventories
10/03/2023 by Richard
According to new data from the American Petroleum Institute (API), inventories of crude oil in the United States rose by 6.2 million barrels in the last full week of February, meaning that
BP opens three-megawatt EV charging hub
09/03/2023 by Katie
BP’s EV charging business, BP Pulse, has opened its most powerful charging hub
BP to no longer publish Statistical Review of World Energy
09/03/2023 by OilStoreAdministrator
After more than 70 years of publishing the Statistical Review of World Energy, BP has decided to end its involvement and pass the report’s publication on to an industry body.
Three common hydraulic equipment lubrication mistakes
08/03/2023 by Mark
Correctly running and caring for hydraulic equipment is fraught with potential for error. The average hydraulic operator is often uninformed of certain omissions, and mistakes they might make can impede the performance and productivity of