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News

New import terminal for oil products at Coryton

...maintenance, security, engineering, truck driving and construction”.   “To continue operating as a refinery, some hundreds of millions would have needed to be invested in the plant, and unfortunately this...

News

No deal for Coryton

...to reach a deal to date.  Prospective investors in the refinery faced a significant capital expenditure need, as well as a fragile market for refined oil products.” “I would like...

News

Oil trader expands into physical assets

The world’s largest oil trader, Vitol has teamed up with Marcel Van Poecke, co-founder of Petroplus, to buy the Cressier refinery in Switzerland. Petroplus administrator, Wenger-Plattner reported last week that...

Analysis

World Fuel Services – spreading the word

...through Liverpool-based Henty Oil and Falmouth Oil, the company has established a solid supply chain which provides light fuels for the domestic, commercial, agricultural and industrial markets in addition to...

News

Milford Haven – frustration and regret

...had collapsed last week. “For the past four years we have worked tirelessly to secure a positive outcome for the future of the refinery and our workforce. Unfortunately, and despite...

Opinion

North Sea oil industry in crisis?

...Sea being profitable as oil is below $60 per barrel. “It is almost impossible to make money at these oil prices,” says Mr Allan, director of Premier Oil in addition...

Opinion

Preparing for a new oil world

Boris Ivanov Boris Ivanov, founder of GPB Global Resources discusses how the fuel oil industry can begin to prepare for the new oil world. With BP cutting 10,000 jobs and...

Interview

Taking action in Ireland

Being proactive rather than reactive was one of the really strong messages conveyed to an audience of over 60 fuel oil distribution staff who attended last month’s Fuel Oil News...

News

Growing business in Ireland

In a multimillion-euro deal, Canadian Irving Oil, which owns the Whitegate refinery in Cork, has acquired Top Oil (formerly Tedcastles Oil Products), the brand owned by the Dublin-based Tedcastle Group....

Opinion

OGUK welcomes climate report impetus

...to cut emissions from oil and gas production, currently totalling about 18.5m tonnes a year, to net zero by 2050. This could include the electrification of offshore oil and gas...

News

Fuel for thought…

...at a European, national and regional level. With over 1.5 million heating oil installations throughout these islands and millions more across Europe, the oil storage tank industry and the oil...