ExxonMobil to increase capital spending to boost production
14/12/2023 by Mark
US-based oil major is poised to gradually reverse the austerity it imposed on itself in 2020, when energy prices crashed in the wake of the COVID-19 pandemic.
Rising US oil production challenges OPEC supremacy
13/12/2023 by OilStoreAdministrator
According to the latest data from the US Energy Information Administration (EIA), the US set a new record for oil production for the second month in a row in September.
TotalEnergies backs World Bank methane initiative
12/12/2023 by Richard
While attending the COP28 climate change summit that recently took place in Dubai, TotalEnergies has announced a $25 million donation to the World Bank’s trust fund for Global Flaring and Methane Reduction (GFMR).
Masdar and TotalEnergies demonstrate methanol-based SAF
12/12/2023 by Mark
On the sidelines of the COP28 climate change conference in Dubai, UAE clean-energy company Masdar and energy giant TotalEnergies have conducted a test flight to demonstrate
Petrobras CEO confirms no OPEC+ production cuts
11/12/2023 by Mark
Jean Paul Prates, the chief executive of Brazilian oil producer Petrobras, has denied that Brazil will see any form of production cuts when it joins the OPEC+ group.
What can you use as a mould release agent?
09/12/2023 by OilStoreAdministrator
Mould release agents are important for the manufacturing of vehicle parts. They prevent hardening material from bonding to
TotalEnergies buys into Morocco/UK power project
09/12/2023 by Katie
France-based TotalEnergies has announced that it has purchased a minority share in
OPEC+ agrees further voluntary production cuts
08/12/2023 by Richard
At their latest online meeting, oil producers in the OPEC+ group have agreed a package of 2.2 million barrels per day (bpd) in voluntary production cuts for the first quarter of next year.
What are the best oils for commercial vehicles?
08/12/2023 by Richard
Commercial engine oil delivers lubrication for larger vehicles transporting goods across countries and continents. These oils have been specially designed to cope with the demands of commercial transportation, including long hours on
Shell partners with Infosys for immersion cooling
07/12/2023 by Mark
Lubricant maker Shell has announced that it will collaborate with Infosys, a global IT consultancy, on speeding up datacentres’ adoption of immersion cooling technology.
What is the difference between slideway oils and hydraulic oils?
07/12/2023 by Mark
Today, lubricants are specially formulated for a wide range of different industries which include products like slideway and hydraulic oils. By pairing the precise lubricant with an application and equipment, operators can enjoy
European Responsible Care Award 2023 given to Kluber Lubrication
06/12/2023 by OilStoreAdministrator
The European Chemical Industry Council (Cefic) has presented Kluber Lubrication with its European Responsible Care Award in recognition of its plan for climate action.