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The world’s top oil-producing countries: Iran

04/04/2017 by Richard

Iran is perhaps most well-known these days for the controversy surrounding its nuclear programme, but the country is also awash with proven reserves of oil and natural gas. Following the lifting of the international embargo
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The world’s top oil-producing countries: Venezuela

03/04/2017 by Richard

Venezuela may not be one of the top five oil producers in the world, but it currently holds the status of having the world’s largest proven oil reserves. Proven oil reserves are those that can
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Russia prepares for $40 a barrel oil price

01/04/2017 by Mark

Russia has published its proposed federal spending for 2017–2019 based on oil selling for just $40 a barrel. In contrast, some
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Shell becomes first lubricant supplier to gain IMPA ACT Accreditation

25/03/2017 by OilStoreAdministrator

Shell Marine has been awarded accreditation through the International Marine Purchasing Association’s IMPA ACT Sustainable Maritime Suppliers scheme, which is
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Scientists develop special oil sponge

22/03/2017 by Mark

Researchers at the University of Chicago’s Argonne National Laboratory have found a revolutionary new way to clean up after oil spills: the Oleo Sponge. The amount of oil that can
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The world’s top oil-producing countries: Russia

17/03/2017 by Richard

Russia’s oil industry may have experienced a steep decline after the collapse of the Soviet Union, but a subsequent turnaround in 1999 led to it replacing Saudi Arabia as the world’s leading oil producer, albeit
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Energy companies plan artificial island in the North Sea

16/03/2017 by Richard

A collection of European energy companies from Denmark, the Netherlands, and Germany have proposed building a huge artificial island on a sandbank in a shallow part of the North Sea some 62 miles east of
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The world’s top oil-producing countries: Saudi Arabia

16/03/2017 by Richard

Thanks in no small part to its oil industry, Saudi Arabia has the largest economy of any Arab country. Its 268 billion barrels of proven oil reserves were the largest in the world until Venezuela
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The world’s top oil-producing countries: USA

15/03/2017 by Richard

The United States may be the world’s largest consumer of oil, but it’s also the world’s third biggest producer at almost nine million barrels a day, a figure surpassed only by Russia and Saudi Arabia.
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The world’s top oil-producing countries: Iraq

14/03/2017 by Richard

Iraq may be best known for its turbulent past over recent decades, but it has a huge amount of mineral wealth beneath its surface. The Middle Eastern country is
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The world’s top oil-producing countries: China

13/03/2017 by Richard

With an output of 3,938,000 barrels per day in 2016, China is the world’s fifth biggest oil producer. Despite its significant production, rising demand led to
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Shell and BP signal recovery in oil industry

13/03/2017 by OilStoreAdministrator

Two separate moves by oil giants Shell and BP suggest oil producers are regaining their confidence. Royal Dutch Shell, which also manufactures greases like Shell Gadus S2 V100 3, has given the go-ahead for the
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