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.…
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
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
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…
Scottish wind turbines met two-thirds of February energy needs
10/03/2017 by Richard
Data provided by WeatherEnergy shows that wind turbines in Scotland generated 1,331,420 MWh of electricity in February, enough to supply the average electricity needs of all Scottish homes or two-thirds of the combined 1,984,765 MWh…
UK government releases provisional energy statistics for 2016
07/03/2017 by Mark
UK crude oil and natural gas liquids production rose by 4.8% in 2016, according to provisional figures from the Department for Business, Energy and Industrial Strategy. This is the
Cars may soon be changing their own oil
07/03/2017 by Mark
Changing your car’s engine oil may be radically different in future, according to Castrol, a division of the oil industry giant BP. The days of greasy rags and catch basins full of dirty oil may…
Power companies suffering from incorrect equipment lubrication
06/03/2017 by OilStoreAdministrator
Incorrect lubrication is leading to unplanned downtime for many power companies according to a report commissioned by Shell Lubricants, which produces industrial lubricants like
Iran announces new shale oil find
03/03/2017 by Richard
Major shale oil reserves have been discovered in the western province of Lorestan, according to Bahman Soleimani, a senior official at Iran’s state-owned National Iranian Oil Company (NOIC). The new reserves, which were
UK oil industry getting its head above water, MPs told
01/03/2017 by Mark
The UK oil industry will return to being a positive taxpayer in the coming years, according to evidence presented to the House of Commons Scottish Affairs Committee. Last year, the Treasury paid out
Millions of UK lampposts could be getting wind turbines
27/02/2017 by OilStoreAdministrator
The future may see small wind turbines fitted to lampposts in a strategic partnership between IT company NVT Group and green technology firm Own Energy. This partnership will lead to
New report predicts global industrial lubricants market to be worth over $70bn by 2025
24/02/2017 by OilStoreAdministrator
Research and Markets have published a new report with the title ‘Global Industrial Lubricants Market Analysis & Trends – Industry Forecast to 2025’. One of the report’s more prominent predictions is how the global industrial…