BP approves sixth Gulf of Mexico hub
08/08/2024 by Richard
Oil major BP has made a final investment decision to proceed with an offshore project in the US waters of the Gulf of Mexico.
TotalEnergies acquires African hydropower interests
07/08/2024 by Mark
France-based TotalEnergies has agreed to buy the entirety of SN Power, a subsidiary that holds interests in African renewable hydropower assets for renewable energy company Scatec of Norway.
Petronas secures land for carbon capture project
06/08/2024 by OilStoreAdministrator
The Malaysian state-owned energy and lubricant company Petronas has agreed with Kuantan Port Consortium Sdn Bhd to rent land in Pahang, Malaysia.
Fuchs completes acquisition of LUBCON
05/08/2024 by Richard
Fuchs, the global lubricant maker, has announced that it has finalised its acquisition of LUBCON Group following the signing of an agreement in April this year.
Kuwait reveals plans to almost double oil production in a decade
02/08/2024 by OilStoreAdministrator
The boss of Kuwait’s state-owned oil company has indicated that the country hopes to almost double its hydrocarbons production by 2035 with the help of international oil companies.
Synthetic vs. conventional oils
02/08/2024 by Mark
When making an oil selection for a specific application, two main choices are available – conventional mineral oils and synthetic oils.
Advantages and disadvantages of synthetic oil
01/08/2024 by Richard
In this guide to synthetic oil lubricants, we examine their application in different industries and consider the arguments for and against.
OPEC+ announces compensatory cuts
01/08/2024 by OilStoreAdministrator
The Secretariat of the Organisation of the Petroleum Exporting Countries (OPEC) has announced 2.284 million barrels per day (bpd) of production cuts.
TotalEnergies invests in wind project to support decarbonisation
31/07/2024 by Richard
France-based TotalEnergies has agreed to purchase a 50% interest in the OranjeWind wind power project from renewable developer RWE, with the aim being to supply green hydrogen to decarbonise its refineries.
Choosing the right Emkarate RL oil for your system
30/07/2024 by Mark
Modern day refrigeration and air conditioning compressor lubricants have complex requirements. Selecting the right one is therefore an important decision that will impact the reliability and efficiency of your compressor.
ExxonMobil reportedly to sell Malaysian assets to Petronas
30/07/2024 by OilStoreAdministrator
According to two sources cited by Reuters, ExxonMobil is in talks with Petronas to sell its upstream gas and oil assets in Malaysia.
Petronas and SEEd.Lab showcase social change ventures
29/07/2024 by Mark
At its recent open day, the Social Enterprise Education Laboratory (SEEd.Lab) presented a selection of seven new ventures for social change from its third cohort.