Analysis
What price oil? Q1 2025 in review
...7th March. All other biofuel premiums to ICE Gasoil rose sharply as Gasoil weakened. UCOME prices briefly came under pressure from low HBE ticket prices which reduced physical blending. On...
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News
INEOS to buy DONG Energy’s oil & gas business
...barrels of oil equivalent per day in 2016 and with around 570 million boe of commercial and potential oil & gas reserves across the Danish, Norwegian and UK continental shelves....
Market Report
Fossil fuel fundamentalists vs. clean energy enthusiasts – will energy policy impact the U.S. election?
...now evaporated and Harris has (cautiously tbf) endorsed the industry… Oil and gas activity As to whether a Trump Administration means even more oil and gas drilling is not a...
Opinion
Preparing for a new oil world
...platforms can analyse subsurface geophysical data, providing quicker and more accurate modelling of oil deposits. These systems can also improve safety in oil and gas platforms, by monitoring topside and...
News
Senior industry figures launch energy transition advisory company
Leading oil and gas professionals Hamish Wilson, Bill Senior, Tony Smith, Martin Dru and Sarah Milne have launched BluEnergy, committed to enabling oil and gas companies to leverage their existing...
Insight
Downstream Norway: Leading the way in decarbonisation
...cover these requirements, leaving a modest surplus across all grades. Stockholding obligations Norway imposes emergency stockholding obligations on oil importers and oil producers who imported quantities of oil equal to,...
Opinion
Solving the industry recruitment challenge
...Technical skills are now needed more than ever The UK oil and gas industry needs to attract 25,000 workers over the next six years, including 4,500 in brand new roles...
News
Oil users – fuel price winners once again!
...1094 1114 20 1.85% Electricity 1456 1744 289 19.82% Gas (British Gas) 1079 967 -113 -10.43% LPG 2461 1863 -597 -24.27% LPG (Condensing) 2020 1535 -484 -23.98% Oil 1751 1148...
Opinion
Renovare Fuels: establishing the pathway towards a greener future
London-based Renovare Fuels, designs, manufactures, and markets a new technology for converting biogas into liquid fuel. Claudia Weeks, Community Content Lead for Fuel Oil News, spoke with the company’s Chairman,...
Opinion
Budget provides welcome clarification on oil and gas decommissioning
...of corporation tax for oil and gas companies active in the UK and UKCS remains at 30% with the supplementary charge an additional 10%. To the extent oil and gas...
News
Greenergy signs strategic JV agreement with Bapco
...BGB will commence gasoline blending in Bapco’s 260,000bpd capacity refinery in Bahrain using gasoline blend components produced by Bapco’s refining operations and purchased from third parties. Finished-grade gasoline will be...
News
Volvo Trucks steps on the gas
Volvo has teamed up with Gasrec Volvo Trucks has teamed up with biofuel supplier Gasrec to help business customers cut haulage costs and reduce carbon emissions. Gasrec is Europe’s largest...
News
Oil heating cheaper than mains gas
...mains gas households changing to oil, particularly if they need to replace their boiler.” Pie in the sky The reduced price of oil is also expected to further dampen demand...
Opinion
North Sea oil industry in crisis?
...in place from January 2021. A spokesperson from Oil and Gas UK said; ”While Oil & Gas UK cannot comment on the commercial decisions, and individual opinions, of its members,...
News
Industry energy expansion reflected in new name for OGUK
...the wider oil and gas industry, particularly across the North East of Scotland. The decision to rebrand is absolutely right and reflects moves across the oil and gas sector to...
News
Heating oil’s future – making a difference
“Oil is the cheapest option for off grid homes and has been since October 2014,” says FPS chief executive Guy Pulham. The FPS is urging all those using oil to...
Opinion
“Do you agree with the Northern Ireland Housing Executive (NIHE) that the Province should have more oil buying clubs?”
...more oil buying clubs, there will inevitably be more – batten down the hatches!” For further comment see the Value Oils blog – www.valueoils.com/blog/home-heating/heating-oil-buying-groups-2/ Joe Bradley, Bradley Fuels “I don’t...
Insight
The changing world of the oil trader
...began to emerge, in particular the growing US deficit in both crude oil and gasoline. In the 1970s/80s some of the activities of oil trading companies attracted controversy, and criticism...