News
Award-winning Greenergy
Greenergy played a starring role at the Oscars of the corporate reporting world when Stephen McCaffrey, chief financial officer and chairman Paul Lester CBE were presented with an award by...
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News
Stanlow – new long term working capital funding facilities
...has been replaced with a new three year £300m ($475m equiv.) Receivables Securitisation arranged by Lloyds Bank Plc. Essar Oil UK chief finance officer, Sampath P, commented: “I’m delighted we...
News
Terminal operations suspended due to Just Stop Oil protests
...protests in Thurock where officers were trying to bring the protests to a “swift and safe conclusion.” Protestors climbed on top of tankers, obstructed access roads and locked themselves to...
Opinion
Fuel duty freeze welcomed across sector
...2040, to give businesses time to plan and make the necessary investment in alternatively fuelled vehicles as reported here. As David Wells, the organisation’s chief executive explained, any duty rise...
News
A ‘game changer’ for Irish retail
Emmet O’Neill, chief executive, Topaz (l) with Brian Hannasch, president and chief executive officer of Alimentation, Couche-Tard Johnny Bambury-Fennell Photography Subject to the usual regulatory approvals and closing conditions Ireland’s...
News
Is your business fully insured?
...financial stability to pay claims in the event of major losses. Whilst there have been instances where A rated (very secure) firms have had financial difficulties, these have been few...
Analysis
Cyber Love: Innovation & advances in fuel distribution technology
...sales activities, fuel card management, scheduling and routing, purchasing and stock control, to a full financial suite, supported by a variety of mechanisms. It’s fully integrated, data needs only to...
Opinion
Millions more UK households face hardship due to energy price crisis
...and heat their homes effectively whilst maintaining their financial solvency. Low energy price resilience (LENRES) is also associated with worse health, disability, and wellbeing outcomes for adults. This is mainly...
News
Essar Oil UK reports successful financing and governance changes
Essar Oil (UK) Limited (EOUK), which owns and operates the Stanlow Refinery, today announced that it has closed new financial arrangements of over US$850 million. This has allowed EOUK to...
News
Strengths and weaknesses of Scotland’s Grangemouth refinery
...our customers,” said Gordon. “Refining faces a few difficult years but backed by PetroChina’s technological, commercial and financial resources – the company has 27 refineries – we can weather the...
Opinion
Report suggests a better future for an energy sector emerging from crisis
...serve only to move financial-sector portfolio emissions elsewhere rather than achieve any significant real emission reductions. With this reset the financial sector can drive tangible emissions reductions and set the...
Opinion
BEIS backs oil resilience bill with limits
...industries where they are most needed Information Power – to require companies to provide officials with financial information if there are concerns that a company is facing insolvency and that...
News
Premier event for the European terminal industry
...world’s tank terminal industry for three days of networking, business and knowledge sharing. The event’s three-day conference welcomed over 170 delegates and 30 speakers from key ports, terminals and financial...
News
Petroplus administrators reveal scale of Coryton’s financial woes
The joint administrators of Petroplus Refining & Marketing have published their first progress report on the administration, which illustrates the depth of the financial challenges faced in continuing to operate...
Analysis
Decarbonising transport: are additives the answer?
...companies to HGV haulage, construction and tanker fleets, who want to test the product before they use it.” Financial savings For Martin, the financial element is key: “First off, additives...
Interview
An interview with Raphael Hüttman, managing director, Mabanaft
...holding company Marquard & Bahls AG, a member of the board and a former financial director of Mabanaft Limited, Hüttmann brought with him a thorough knowledge of the UK business...
News
Cautious industry response to fuel resilience bill
...of critical fuel infrastructure are financially sound and operationally capable financial assistance – to enable government to support supply resilience improvements A spokesperson confirmed that Essar, operator of Stanlow refinery and...
News
Essar in new aviation fuel partnership
...the airport and are delighted to have already secured direct business with a number of key airline customers there.” David Walters, chief financial officer of Cardiff Airport, added: “We have...