How oil gets to the petrol pump
05/12/2018 by Richard
It’s often taken for granted that motorists can stop at a petrol station and fill their tanks, but that fuel has gone through a number of stages before it gets to the pump. Petrol—just like
Bloomberg survey points to production cuts
03/12/2018 by Mark
A new survey conducted by Bloomberg indicates that OPEC is likely to cut oil production at its next meeting on December 6 and 7. Bloomberg surveyed
Energy giants bring North Sea megaproject online
30/11/2018 by OilStoreAdministrator
The North Sea oil industry is often thought to be in decline, but a joint venture between BP, Shell, Chevron, and ConocoPhillips has just started producing oil. The Clair Ridge field was
What is oil used for?
29/11/2018 by Mark
More than 80 million barrels per day (bpd) of oil are produced every day around the world. Much of this comes from the big three oil producers – the USA, Russia, and Saudi Arabia –…
GE wins contract for US's first wind–solar hybrid
27/11/2018 by Mark
In the United States, GE has won a contract to provide elements of a new wind¬–solar hybrid, the first such commercial project in the country.
IEA chief calls for “common sense” over oil production cuts
24/11/2018 by Richard
Fatih Birol, Executive Director of the International Energy Agency (IEA), has warned that proposed supply cuts by key oil producers may have negative
ExxonMobil begins drilling in the waters of Cyprus
21/11/2018 by Mark
According to the Energy Ministry of Cyprus, ExxonMobil and Qatar Petroleum began exploratory drilling within block 10 of Cyprus’s Exclusive Economic Zone (EEZ) on
Trump criticises potential OPEC cuts
18/11/2018 by OilStoreAdministrator
U.S. President Trump published a tweet on Monday, November 12 expressing a hope that OPEC does not go ahead with production cuts. The same day, Saudi
Mobil releases whitepaper on white etching cracks
15/11/2018 by Mark
Mobil has put out a whitepaper following research conducted together with Schaeffler Technologies into the causes of white etching cracks (WEC) in the
ExxonMobil posts surprising quarterly profits
12/11/2018 by OilStoreAdministrator
ExxonMobil has surprised Wall Street by posting higher than expected profits and revenue for the third quarter, despite an overall drop in oil and gas production. The oil major, which
ExxonMobil commits $10m to new energy centre
09/11/2018 by OilStoreAdministrator
ExxonMobil has announced its intention to commit $10m (£7.75m) over five years to the Singapore Energy Center, a partnership aimed at the advancement of
What makes hydraulic oil special?
07/11/2018 by Richard
Hydraulic oil is different to regular lubricating oils. Yes, it does lubricate, and many hydraulic oils like Mobil DTE Light can be applied in both hydraulic and