Graphene and Graphene Oxide have only recently come under the spotlight as lubricant choices for many industrial applications as they can take a high shear load and provide good tribological and thermal properties. Mixing nanoparticles with various industrial lubricants will help improve the properties of those lubricants while keeping them economical to produce and buy for various applications. Graphene additives also provide a more environmentally friendly choice due to their production process. Graphene can provide a wear resistance that is much greater than currently available solid lubricants while the liquid part of the mixture ensures low shear forces and can easily be replenished. This review seeks to cover the use of graphene and graphene oxide nano additives and how they improve the physical properties of existing lubricants by studying the wear properties of graphene and graphene oxide nano structures at the nano and macro scale.