Market Report
Prices and predictions: how are we faring?
...year was around $35 per barrel, but this has now fallen below $20. The crack (or “refining spread”) is how much gross profit a refinery makes, and is based on...
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Insight
No easy decisions at Whitegate
...acquired by Phillips Petroleum. With the merger of Conoco and Phillips in 2002, Whitegate became a ConocoPhillips refinery. In May 2012 Phillips 66 took over ownership. Refining post 2016? When...
News
Industry welcomes Chancellor’s £20bn backing for carbon capture and storage
...developing its own CCS solution, drawing on the global expertise of ExxonMobil at its site in Fawley, Hampshire. Anne-Marie continued: “Through new hydrogen production facilities, the Solent can lead the...
News
Simon – investing in our infrastructure
...exported to the USA. Like much of the UK’s terminal infrastructure, both terminals were largely developed in the mid-1950s. Texaco and Esso (sea fed from Fawley) had terminals in the...
News
Essar Oil UK reports positive progress on financings
Essar Oil UK, the owner of the Stanlow Refinery, reports that it has successfully addressed the required financing to replace the previous receivables facility. The refinery continues to operate as...
News
Multi-million pound hydrogen furnace for Stanlow refinery arrives in Liverpool
...the UK’s first low-carbon refinery. A UK-first, the furnace is unique in that it will run off 100% hydrogen fuel source from 2026. It will run on hydrogen produced as...
News
Phillip 66 advances Humber Zero carbon capture plant with support contract award
Phillips 66 Limited Humber Refinery has awarded Babcock & Wilcox (B&W) a contract to design a pre-treatment process for flue gas as part of plans for a new carbon capture...
News
Lindsey refinery collapse sparks urgent industry and government response
The Lindsey oil refinery entered administration on 30 June, prompting immediate action from government and industry bodies amid concerns over fuel supply, energy resilience and job losses. The collapse of...
News
EET Fuels appoints Toyo-India for ICC project
EET Fuels, which plans to create the world’s leading low carbon process refinery, has progressed to the front-end engineering design (FEED) stage of its industrial carbon capture (ICC) project. The...
Insight
The downstream oil market landscape of Ireland in the 2020s
...evolved since 2000: There have been two major developments in the landscape since the start of the millennium, which are: In 2001 the government sold Whitegate refinery, operated by the...
News
Greenergy signs strategic JV agreement with Bapco
...and refinery gasoline production with Greenergy’s blending, terminal operations and trading expertise to meet Bahrain’s domestic demand for gasoline blend components as well as create opportunities to import and export...
News
Ambitious low carbon investments
The UK Petroleum Industry Association (UKPIA) has welcomed the Department for Business, Energy and Industrial Strategy (BEIS) funding towards hydrogen projects at Essar’s Stanlow oil refinery and a renewable hydrogen...
News
Irving Oil to acquire Whitegate
Built in 1959 Whitegate is Ireland’s sole refinery, it processes up to 75,000 barrels of crude oil per day, producing transportation and heating fuels. It has a workforce of 160...
Insight
How does the french downstream sector compare to the UK?
...heating oil continues to be a material source of fuel/energy for heating purposes. Rationalisation of the refinery network has been pursued with particular urgency over the past five years with...
News
Essar selects Mitsubishi Heavy Industries as technology licensor for carbon capture
...the proposed construction of the EET Industrial Carbon Capture plant at the Stanlow Refinery in November 2022. Participating in the Cluster Sequencing Track One Expansion process, the company plans for...
News
Energy minister in Coryton discussions
...options for the refinery were discussed along with the work the administrators are doing to secure a sustainable future for the plant. The minister reiterated government’s commitment to help those...
Market Report
The impact of the Red Sea crisis and why expansion to the north could be catastrophic
...fuelling over 7,000 ships per annum (20 ships per day) and to meet this demand, BP opened the 170,000 barrel per day (bpd) Aden refinery in 1954. For the next...
News
Essar Oil UK – ‘a significantly better year’
“We can now look ahead with renewed confidence,” said chief executive Volker Schultz Last week the owner and operator of the Stanlow Refinery filed financial results for the year ending...