Opinion
VAT deal secures Stanlow refinery production
A lifeline, in the form of a phased tax payment deal, has been thrown to Essar Oil UK allowing it to keep producing as the UK struggles with supplies at...
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News
Essar safety achievement raises £3,000 for local charity
...of their summer programme for local children. The funds were raised through Essar’s ‘Let’s Give’ scheme, which links the company’s commitment to safety directly with charitable giving and came after...
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
Essar UK opens new flagship forecourt with convenience in mind
Blackpool Road, Preston is the site of Essar’s new flagship forecourt, Lea Gate which was officially opened in July. With ‘driving community convenience’ in mind, the new forecourt has both...
News
September 2023: People moves in the fuel distribution sector
...brands across the UK.” Suttons Tankers Suttons Tankers has recently appointed David Heath as Head of Fuels and Powders. Essar Essar Oil (UK) Ltd has announced the appointment of Ramesh...
News
Essar re-opens Penybanc forecourt in South Wales
Penybanc service station has reopened to the public under new Essar management, ushering in a new era of customer convenience and community engagement. Strategically located, the Penybanc forecourt aims to...
News
EET announces the launches Europe’s first hydrogen-fuelled power plant
...Tony Fountain, Managing Partner of Essar Energy Transition, commented: “Launching EET Hydrogen Power shows the progress that Essar Energy Transition is making in delivering against its commitment to put the...
Insight
A critical role for Stanlow
...products where the UK has a growing structural deficit. Movement of refined products Pipeline accounts for 40% of the total movements. Products are supplied into the UKOP system for shipment...
Opinion
Free oil? Not today …
...price. And anyway, Oklahoma is a long way from the UK. It is also important to understand who uses oil futures contracts and Mark elaborates; “They are used by oil...
Insight
The downstream oil market landscape of Ireland in the 2020s
...Oil. In 2018, Irving Oil acquired large independent, Tedcastle Oil Products (TOP), providing it with a distribution terminal in Dublin as well as a substantially expanded market reach. The refinery...
Interview
Value Oils: leader in online fuel distribution
...at competitive market prices. “Now trading under the registered brand name ‘ValueOils.com’, the company runs a successful, independent online home heating oil price comparison website across the whole UK. The...
Interview
The downstream customer
...oil and there is a premium price to be paid for last minute deliveries!” Sue reflected: “We think that oil distributors would help, but the quicker you want your oil,...
Insight
Security of oil supply in the fuel distribution sector
...oil requirements; for the UK it accounted for around 10% of total crude oil imports and around 18% of diesel requirements. In March of this year, IEA countries agreed to...
Market Report
The eternal influence of black gold
...oil company) and, instead, is an operating tri-venture between Exxon Mobil (45%), Amerada Hess (30%) and China’s National Offshore Oil Corporation (25%). With little experience in negotiating oil concessions, Guyana’s...
News
A feeling of insecurity?
...has meant increased import reliance, making the UK price for heating oil increasingly reflective of international events. As North Sea output declines further, forecasts from the UK government show that...
Opinion
North Sea oil and gas must address challenges to mitigate energy crises
...zero, with regional oil and gas producers in Denmark, Norway and the UK deliberating over oil and gas transition pathways that will be vital to national, regional and global climate...
Interview
Why are new UK oil fields essential to a sustainable future?
...oil fields like Cambo, says Katy Heidenreich, operations director at Oil & Gas UK (OGUK) who shares her thoughts with us: “Shell’s decision to suspend its involvement in Cambo, the...
News
February 2016 update
...of the crude oil sold around the world. The vast majority of crude oil is sold at a discount to these two grades. So when we talk about $20 a...