I seem to remember some thing about an in line oiler for air tools, although back in the 1960s when I was in the aircraft engineering industry our tools, drills and rivit guns were just connected direct on the air line without any fancy oilers. If you run the engine at a sensible speed, ie., a few hundred rpm very little oil will be required.
I’v got one of those tire inflators hooked up to the low voltage supply I have in my workshop, its handy for pumping my bike tires, but I don’t know how long it will last. I think they are designed to sit in the car boot until you need it, then not to work, either siezed up, or the hose perished. Ian S C