IEA calls for greater oil production
22/06/2021 by Richard
The Paris-based International Energy Agency (IEA) has called for the OPEC+ group to begin pumping more oil in order to ensure the world’s energy demands are met as it
Shell considers $10 billion Permian exit
20/06/2021 by OilStoreAdministrator
Reuters has reported that oil and lubricant producer Shell is considering selling a portion or all of its assets in the Permian Basin, an area that has provided much of the oil and gas production…
Q8 and INNIO launch innovative lubricant for gas engines
18/06/2021 by Mark
INNIO Jenbacher, a producer of stationary gas engines, and the lubricant division of Kuwait-based Q8, have come together to develop and launch a new lubricant for gas engines that run on fuels other than
Shell to accelerate emission cuts
16/06/2021 by Richard
Following a recent court ruling in the Netherlands, CEO Ben van Beurden has written in a LinkedIn post that Shell will step up its efforts to reduce emissions.
BP CEO sees demand for oil growing
14/06/2021 by OilStoreAdministrator
Bernard Looney, the Chief Executive of BP, has said that he expects a strong and long-lasting recovery in the demand for crude oil, combined with continued restraint from
Shell chair chosen to lead innovation agency
12/06/2021 by Mark
Sir Andrew Mackenzie, who is currently the company chair of Shell, has been selected as the favoured candidate to lead the UK Research and Innovation (UKRI) agency. If his appointment is confirmed by the House…
Shell recruits new partner for hydrogen project
10/06/2021 by Richard
The Anglo-Dutch energy company Shell has contracted Worley, an Australian engineering company, to support its development of a new
How did Morris Lubricants mark 150 years of excellence?
09/06/2021 by OilStoreAdministrator
Morris Lubricants has an esteemed heritage. From its humble origins in the 19th century, it has risen to become one of the biggest lubrication
OPEC+ holds steady on oil production
08/06/2021 by Mark
Oil prices received a boost following June’s meeting of the OPEC+ group, after it announced that it was not going to revise its planned increase of 840,000 barrels per
Taking a sustainable approach to lubrication
07/06/2021 by Richard
Enterprises around the globe are now under increasing pressure to adopt more sustainable methods onsite in line with goals to tackle climate change and reduce emissions. Forward-looking businesses are now using more eco-friendly processes and…
BP to enhance North Sea oil production
06/06/2021 by OilStoreAdministrator
Oil major BP is to partner with Norwegian company Oldfjell Drilling and Baker Hughes to improve its production at the biggest oil field in the
Understanding the advantages of lubricating grease
05/06/2021 by Mark
From gearboxes and gear wheels to bearings and chain systems, grease has many different applications. Like oil lubricants, it can seal parts, protecting them from water and corrosion while reducing unwanted friction. However, unlike oils…