Insight
The role of LNG in the global energy transition
...In the short term, LNG will remain a key fuel in the global energy industry given that it offers a cleaner alternative to fossil fuels such as crude oil and...
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News
The storage market – what next for 2016?
...of terminals at Gulf Petrochem. He will also look at the potential for crude storage growth and major refining projects in the Middle East that could impact demand. Interesting times...
News
Oil Terminal 2015 – positive feedback
...Europe attended last month’s 10th Congress on the trading and transportation of crude oil, LPG and petroleum products in St. Petersburg. More than 300 representatives of the government, business and...
News
Leading industry company celebrates 50 years of innovation
...and everything was looking good. Then in November of 1973 OPEC suddenly decided to rapidly increase the price of crude oil which literally changed the domestic heating scene overnight.” That...
Insight
Stanlow Refinery: a century of the North West powering Britain
...threat of Nazi invasion. Following the war, and recognising the strategic importance of proximity to customer markets, a fully-fledged crude oil refinery was constructed and completed in 1952. Stanlow’s journey...
News
Red diesel rebate change – the unwelcome impacts and contradictions
...and the global scramble for supply that has sent prices to record levels. “When you’re seeing crude rallying, you’ve seen diesel outpacing it just because of supply concerns,” one analyst...
News
BSI publishes revised fuel oils standard to avoid safety and performance issues
...has been in use for the last 40 years or more, providing specifications for fuel oils derived from crude oil. “Historically, it covered applications including on- and non-road automotive, industrial...
News
Navigator Terminals – the UK’s largest independent bulk liquid storage company
...and staff of the terminals. Navigator will continue to provide ongoing fuel, crude oil and chemical storage for a wide range of customers at the terminals. Greenergy will continue as...
News
NuStar – £25m investment at Grays
NuStar currently has approximately 8,700 miles of pipeline and 79 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids Phase 1 of NuStar’s £25...
News
OFTEC – anniversary celebrations and ‘business as usual’ post Brexit
...impact of the RHI on our industry. “But we have also been extremely fortunate. The continuation of low crude oil prices has prompted a revival in fortunes with oil remaining...
News
Petroineos announces future-proofing Grangemouth reconfiguration plan
...two production plants, Crude Distillation Unit 1 and the Fluidised Catalytic Cracker Unit (FCCU) in a mothballed state will reduce future incurred costs associated with operating these two older plants....
Market Report
Elections and energy policy: a powerful combination
...purchase of cheap Russian crude is propping up Putin’s war economy. Or perhaps it is in the gas markets, where we are seeing increased price pressure on seaborne cargoes of...
News
Cautious industry response to fuel resilience bill
...“when required.” No new requirements are sought to control operator crude or fuel inventory levels. A strong industry response The original consultation received responses from 28 stakeholders including refiners, wholesalers,...
News
Chandlers Oil & Gas – Playing to our strengths
...with the Office of Fair Trading. “The point I made was that our market’s already very competitive – if crude oil had been 30 dollars a barrel, we wouldn’t have...
News
Phillips 66 enters UK market
...near-continuous investment in its facilities. With a daily crude oil processing capacity of 221,000 barrels, it produces a range of light products and fuel oil, from low sulphur petrol and...
News
Navigator Terminals completes acquisition
Formed by Macquarie Capital and Greenergy earlier this year, Navigator Terminals offers customers unique storage solutions for crude, petroleum, chemicals, liquefied gas, bitumen and biofuel products at strategic locations at...
News
Essar ‘strong performance’ update supports energy transition
...and do what we can to meet the needs of our customers in the face of tighter levels of supply. “All crude processed at Stanlow comes from US, West African...
News
Europe’s most advanced oil re-refinery now operational
...oil emits as much as 30% less CO2 than new base oil produced from crude. Peter Jonsson, technical director said; “We have managed to keep all the specialist expertise and...