Libyan oil production set to rise
09/10/2017 by Mark
Bloomberg reports an unidentified source as saying that oil production is set to recover in Libya as its Sharara field restarts. Production was
Renewables generate almost a third of UK electricity
06/10/2017 by OilStoreAdministrator
A government statement has revealed that renewable energy has reached a new record by generating 29.8% of the UK’s total electricity in the
Top tips for slideway oil selection
05/10/2017 by Mark
To maintain machine tool accuracy and productivity, it’s vital to minimise friction in slideways and prevent wear. This can be a
Chevron to pour $4bn into Permian Basin
03/10/2017 by Mark
Speaking at the S&P Global Platts APPEC conference held in Singapore, Ryan Krogmeier, a senior Chevron executive, has indicated that
Saudi Arabia hints at possible extension to supply cut deal
03/10/2017 by OilStoreAdministrator
Speaking to Reuters on October 26, Crown Prince Mohammad bin Salman of Saudi Arabia signalled his country’s determination to
A short guide to hydraulic oil
02/10/2017 by Mark
A hydraulic oil is basically an incompressible fluid that is used to transmit power within hydraulic systems. It has numerous applications in
Shale billionaire points to overly optimistic US production growth
30/09/2017 by OilStoreAdministrator
Speaking to Bloomberg, American entrepreneur and shale oil pioneer Harold Hamm has said that overly optimistic forecasts for US oil
What makes automatic transmission fluid special?
28/09/2017 by Mark
The right automatic transmission fluid (ATF) is essential to the smooth running of an automatic vehicle, but why? It’s actually one of
New study claims North Sea oil production is entering its final decade
27/09/2017 by OilStoreAdministrator
Academic research from Edinburgh University has concluded that the UK’s oil industry is now entering its last decade of production. Of the
IEA says oil demand increasing as production cuts bite
24/09/2017 by OilStoreAdministrator
The International Energy Agency (IEA) has confidently expressed that it believes the global demand for oil is growing as the OPEC-led production cuts hold up. Figures for August showed that
Russian government and ExxonMobil settle long-running tax dispute
21/09/2017 by OilStoreAdministrator
The Russian Finance Ministry has announced that it has reached an agreement with ExxonMobil over a $600m tax dispute from 2015. At the time, Rex Tillerson was still CEO before leaving to join the Trump…
Offshore wind power now cheaper than nuclear
18/09/2017 by Mark
The UK Government has held its reverse auction for energy production subsidies, and offshore wind power has come in cheaper than