Insight
What price oil? 2024 In review
...dominated by fears of global economic slowdown and an increased prospect of lower interest rates. In July, Chinese GDP growth was lower than expected which ignited concerns over global oil...
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News
High cost and limited feedstock hinder scaling of SAF
High cost and limited feedstock are key hurdles facing the scaling of global sustainable fuel (SAF) production, according to a recent report by Energy Industries Council (EIC) on the global...
News
Tank Storage Association publishes Annual Review of the bulk storage and energy infrastructure sector
...the Annual Review has also evolved to include data on global tank storage assets including global expansions and construction projects, regional capacity and market share as well as regional throughput...
News
INEOS extends portfolio with BP acquisition
INEOS has completed the purchase of the global Aromatics and Acetyls businesses from BP for a consideration of $5 billion. Already one of the world’s leading petrochemical companies this acquisition...
Opinion
Suggested $100 oil unlikely given abundance of OPEC capacity
...price close to $100. Wide global vaccine rollouts and a revival of long-haul travel is essential to boosting oil demand closer to its pre-pandemic level — which appears unlikely this...
Analysis
Ambitious EV growth targets raise UK grid concerns but what of the impact on oil demand?
...during the year—a strategy deemed unsustainable for the long term and impacting future prospects for EV manufacturers in the UK The increased uptake was echoed on a global scale with...
Insight
Sustainable low carbon liquid fuels: perspectives and prospects
...to oxidation). 2. The hydrogenation process results in it burning cleaner than FAME biodiesel (Cetane No. @ 70+ vs. 51-65). 3. Because it has the same chemical structure as petroleum...
News
New partnership for SAF developer Firefly Green Fuels strengthens global feedstock access
...of feedstock needed to meet the growing global demand for SAF. British company Firefly has developed an innovative pathway to sustainable fuels that uses a process known as hydrothermal liquefaction....
News
Irish government announces €505m support package after fuel protests disrupt supply chain
...meeting, the government announced a package of measures described by Taoiseach Micheál Martin as “a significant response to real pressures being felt here and globally”. They include an extension of...
Insight
Attract, train, retain: how to be fit for purpose in the 21st century
...from mid-60’s through to new entrants at 17 years of age. In fact, 85% of the global workforce is populated by 21-43-year-olds. Again, this doesn’t sound so strange, as this...
News
‘An exciting future’ for Fairbanks
...who was recently appointed managing director of Fairbanks. “With its global footprint, OPW provides a great opportunity to expand Fairbanks’ products and services into new markets and regions.” www.fairbanksglobal.com www.opwglobal.com...
News
Re-Gen Robotics triumphs at 2020 Global Tank Storage Awards
Earlier this month Re-Gen Robotics lifted the Safety Technology Award at the 2020 Global Tank Storage Awards, in Rotterdam, for revolutionising safety in the tank terminal industry. “Our vision, to...
News
Firefly first to benefit from Boeing and Clear Sky aviation decarbonisation partnership
Firefly Green Fuels is the first beneficiary of the new partnership, with the Clear Sky-led consortium supporting development of the company’s UK-based refinery and expansion into global markets. Boeing [NYSE:...
Insight
What price oil? 2023 In review
...not seen since the 1980s, oil prices fell during Q1 and Q2. The weakening of global oil markets led the OPEC+ cartel to cut production by 2 million barrels per...
Opinion
Solving the industry recruitment challenge
...in areas like automation and data science according to Skills Landscape 2019 – 2025 report from industry training body OPITO. Globally, technological solutions are being applied across all oil operations...
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...
News
Emco Wheaton – new online and on show at FPS EXPO
...of the main reasons why Emco Wheaton chose to re-design its global website. Designed to offer a more user-friendly experience, the new site also provides a better showcase for the...
Opinion
OGUK welcomes climate report impetus
...underlying climate change, the report said it was “unequivocal that human influence has warmed the atmosphere, ocean and land”. It also warned that: “Global warming of 1.5°C and 2°C will...