Oil companies start using US Strategic Petroleum Reserve
04/05/2020 by Richard
With storage apparently running out in the US, some oil companies have started sending oil to the Strategic Petroleum Reserve (SPR) following an agreement with the
Shell reaffirms importance of Shetland field
04/05/2020 by OilStoreAdministrator
While reduced demand and low prices remain a problem in the oil industry, Shell has confirmed that the Cambo discovery to the west of Shetland is still an
Saudi Arabia begins early oil production cuts
02/05/2020 by OilStoreAdministrator
The new agreement by the OPEC+ group of oil-producing countries is set to take effect on May 1, but Saudi Arabia has already begun implementing
The history of oil prices
01/05/2020 by OilStoreAdministrator
Oil prices have always been subject to huge change. Fuel forecourt prices have historically fluctuated in a way that the produce in the supermarket next door has
ExxonMobil repurposes facilities to make hand sanitiser
30/04/2020 by Mark
US-based energy company ExxonMobil has announced that it has successfully reconfigured production facilities in Louisiana to make medical-grade hand sanitiser. The company is
How will COVID-19 affect the oil industry?
29/04/2020 by Mark
The effects of the COVID-19 pandemic are being felt in every part of life, and the oil industry is no exception. Perhaps the
Morris Lubricants to assist heritage railways
28/04/2020 by Mark
Leading lubricant producer Morris Lubricants has announced a new scheme to assist heritage railways, many of which are struggling financially after having to temporarily close their doors to visitors during the COVID-19 pandemic. The new…
Shell converts lubricants plant to make hand sanitiser
26/04/2020 by Mark
Like many other industrial companies, oil major Shell has been making changes in its business to help combat the spread of COVID-19. In its latest move, it
Shell aims for net-zero emission
24/04/2020 by Richard
Oil giant Shell has announced its plan to join other oil supermajors in cutting greenhouse gas emissions, with the long-term aim of reaching net-zero emission
How the oil industry could combat COVID-19
23/04/2020 by Mark
Like most industries, oil and gas have been hit hard by COVID-19, but there are plenty of examples of the sector playing an important role in fighting the
FUCHS to host AGM online
22/04/2020 by Mark
German-based FUCHS, a maker of industrial lubricant products like slideway oil and grease, has decided to host this year’s Annual General Meeting (AGM) online.
Could wind soon power offshore oil?
20/04/2020 by OilStoreAdministrator
Offshore oil production may soon have its energy demands met by offshore wind generation following approval from Norway’s petroleum ministry for Equinor to build a floating wind farm