News
BP to cut 10,000 jobs as virus hits demand for oil
...oil giant told staff at the start of this week that the company is responding to the economic fallout of the Covid-19 pandemic. Chief executive Bernard Looney laid the blame...
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News
Goff works on new depot
Goff Petroleum has chosen Alpeco to manufacture and install a 4-arm bottom loading skid at its newly acquired oil depot in Tenterden, Kent. Ray Fowler, operations manager at Goff Petroleum,...
News
Thin cover for winter?
European diesel and heating oil prices will be supported by a heavy autumn refinery maintenance schedule that is already prompting some interest to store product. But storage economics are looking...
News
Fuel Oil News Tanker of the Year 2023: entries of note
...Heltor – designed to excel as an ideal tanker for an idyllic location An IVECO Daily 7.5t chassis carries an aluminium tanker built for Heltor by Magyar with the 4500l,...
News
Milford Haven – frustration and regret
... MEP Jill Evans has also written to Welsh secretary Stephen Crabb to ask him to apply for funds. Changes to the global refining industry are impacting on the local economy...
News
Ministers urged to secure future oil refining capacity
...closure of the Coryton oil refinery in Essex earlier this year which cost nearly 3,000 jobs across the UK, with an adverse knock-on effect to the economy estimated to be...
News
Urban charges and lorry bans – planning ahead
...ahead, so the procurement of future fleets can be planned.” Headline sponsor, Iveco, will give a vehicle manufacturer’s perspective on the subject. Iveco’s alternative fuel director, Martin Flach, will provide...
Interview
Negotiating the swings and roundabouts of fuel distribution
...of these 5,750 are new oil condensing boilers. In a difficult economic period, this has been welcome news for those installing oil. Meeting increased energy obligations and driver requirements There’s...
Opinion
Don’t let Covid derail decarbonisation
Responding to the 2021 Budget, OFTEC chief executive Paul Rose said: “The Chancellor didn’t hold back in outlining the financial toll the Covid-19 pandemic has taken on the UK economy,...
News
UKIFDA submits its views on the Northern Ireland Energy Strategy
Liquid fuels trade association UK and Ireland Fuel Distributors Association (UKIFDA) has submitted its views on behalf of members on the Northern Irish Government’s Energy Strategy. Designed to replace the...
Opinion
Massive spring hike in fuel duty would add £5k pa to truck running costs
...as part of the Spring Budget. If implemented, the duty hike would stifle the economy and deliver a body blow to the logistics industry, according to the business group which...
News
Trade Remedies Authority seeks views about tariffs on biodiesel
...whether new trade remedies are needed to prevent injury to UK industries caused by unfair trading practices and make recommendations on appropriate measures to defend UK economic interests. The survey...
News
Grangemouth workforce Unite over government proposals
...economy and that of surrounding communities would be ‘severe’. 88% responded saying that politicians were not doing enough to support and protect jobs at Grangemouth. Only 11% expressed ‘confidence’ in...
Opinion
Budget 2021: Hope for hydrogen hub
...the global hydrogen economy.” George Kieffer, chairman, Freeport East Project Board, said: “We are delighted to have been chosen by the Chancellor as one of the first new Freeports in the...
News
Oil & gas investment key to UK transition
Speaking at the launch of their annual Economic Report today, OGUK Chief Executive, Deirdre Michie OBE, has said that the UK oil and gas industry is key to delivering the...
Insight
TotalEnergies: Energy Outlook 2021
...electrification and renewable energy sources Expanded penetration of new energy ‘carriers’ e.g clean hydrogen in industry and transport, e-fuels, biofuels and biogas Increased energy efficiency That global economic growth will...
Opinion
How we can use hydrogen to achieve net zero
...but becoming more cost-effective as technology advances. Currently, blue hydrogen – produced from steam methane reforming with carbon capture utilisation and storage (CCUS) – is currently more economically viable. The...
News
Recognition for remarkable growth
...of the British economy. We believe that supporting the growth of these businesses is critical to the UK economy and the creation of a society that works for everyone.” ...