Libya shuts down its Sharara oil field amid rising tension
30/08/2017 by Richard
Libya has closed down its largest oil field, which had been producing 280,000 barrels a day, due to a pipeline blockade. The blockade by an
Create a dedicated lube room with the help of Mobil distributors
29/08/2017 by Mark
Correct lubricant selection is essential to good machine operation, and the use of high-quality oils like
New study finds incorrect lubrication cost manufacturers $250,000
27/08/2017 by Mark
A new study by Shell Lubricants estimates that 70% of unplanned downtime over the last three years was caused by wrong lubricant choice or insufficient
ExxonMobil set to launch energy-saving guide for injection moulding
24/08/2017 by OilStoreAdministrator
ExxonMobil has developed a new guide that it claims will assist plastics companies in optimising their injection-moulding processes and saving energy.
IEA says oil market on track to rebalance
22/08/2017 by Richard
The International Energy Agency (IEA) has released a new report stating that oil markets are set to rebalance as global inventories decline, but they describe the pace as “stubborn” and warn that producers need to…
Middle Eastern nations strengthen resolve to enforce production cuts
19/08/2017 by Mark
Iraq and Saudi Arabia, OPEC’s two largest oil producers, have signalled a renewed effort to enforce production cuts after their respective ministers met in Jeddah. OPEC output in July rose
Planning permission given for East Anglia offshore windfarm
15/08/2017 by OilStoreAdministrator
Business and Energy Secretary Greg Clark has given the green light for ScottishPower to build the second phase of its windfarm, which
Barclays predicts oil price drop
12/08/2017 by Mark
Financial giant Barclays expects the oil market to experience a “downward correction” this quarter, according to a
Oman and its oil heritage
11/08/2017 by Mark
The Sultanate of Oman occupies a strategically important location on the south-eastern edge of the Arabian Peninsula by the
Oil production in Algeria
09/08/2017 by OilStoreAdministrator
With an average production of 1,348,361 barrels a day in 2016, Algeria is ranked 18th in the world for oil production. While this is
Deepwater Wind requests Tesla battery
09/08/2017 by Richard
Deepwater Wind has revealed that it has requested a 40 MWh (megawatt hour) battery from Tesla Energy for a proposed 144 MW wind farm off the Massachusetts coast, making it a dispatchable source of electricity.…
Why top treating isn’t always a good idea for wind turbines
07/08/2017 by Richard
Top treating is the practice of adding new additives to existing oil. Once condition monitoring detects a depletion of