Analysis
Energy Resilience – Is the UK facing a crisis?
...had 6 operating oil refineries, all under all or part foreign ownership, other than the Prax Group owned Lindsey Oil refinery based on Humberside. As of today, only five remain,...
search | lindsey-oil-refinery
News
The Prax Group acquisition, appointments and securitisation
...Luc Smets, general manager, Prax Lindsey Oil Refinery appointment, Luc was refinery manager for the Gunvor Group, where he also sat as chairman of the refinery’s board of directors, and...
News
No restart for Lindsey refinery as Phillips 66 agrees asset purchase
Phillips 66 Limited has agreed to acquire Lindsey Oil Refinery assets in a move that will boost domestic energy secturity. The move agreement follows the liquidation of Prax Lindsey Oil...
News
The Prax Group to purchase Lindsey Oil Refinery
...“We are committed to all Lindsey Oil Refinery employees, who are a key element for the future success of the refinery.” Lindsey Oil Refinery saw a major investment from Total...
More search | lindsey-oil-refinery
News
Prax Group agrees purchase of Total Lindsey Oil Refinery
...are a key element for the future success of the refinery.” Lindsey Oil Refinery saw a major investment from Total in 2015, which modernised and streamlined the refinery. “Since selling...
News
Prax Lindsey launches first-of-its kind apprenticeship to support low carbon transition
...testing, all vital for the safe and reliable running of the refinery and industrial sites. Luc Smets, general manager at Prax Lindsey Oil Refinery, commented: “The foundations for transforming Prax...
News
Prax Lindsey refinery set to close with no buyer found
The UK’s fragile refining sector has suffered another blow with the Prax Lindsey refinery to shut down. Energy Minister Michael Shanks confirmed in a statement on Monday that no buyers...
Analysis
Lindsey refining ends, but Phillips 66 asset deal underscores strategic value of UK energy infrastructure
The confirmation that refining will not restart at Lindsey Oil Refinery marks another contraction in the UK’s domestic refining capacity. However, the agreement by Phillips 66 to acquire key assets...
Analysis
Growth without structure is a risk not a strategy
...oil refinery – the crown jewel In 2021, Prax bought the Lindsey refinery from TotalEnergies for ~$170m. This move tripled their revenue to nearly $10bn but took their debt to...
Insight
The Humber refinery – a key indigenous source of supply
...earlier this year of its intention to reduce the distillation capacity of the adjacent Lindsey refinery by 50%. Establishment of the refinery on Humberside serves as a splendid testimony...
Further Reading
Insight
Refining operations
...attributes that suggest that it will continue to be an important part of the UK refinery network for the foreseeable future. Lindsey Oil Refinery – product yield and distribution The...
Market Report
The meteoric rise and sudden demise of State Oil
...Oil – the owners of Prax Petroleum, the Lindsey Oil Refinery and various North Sea exploration assets – had gone into Administration. Not too much information is yet available around...
Insight
The UK’s refineries: past, present and future
Past: Then there were eighteen In considering the future of the UK oil refinery network, we will first make a brief digression to see how it has evolved. Three of...
News
Total – adaptation plan to secure LOR’s future
“LOR will be a smaller, but a higher converting and more profitable refinery,” says general manager Jacques Beuckelaers The Lindsey Oil Refinery (LOR) will be adapted, along with its logistics...
Insight
What price oil? 2025 in review
...strikes on 21st June. Late on 30th June came the shock news that the 105 kb/d Prax Lindsey refinery in Lincolnshire had entered administration. Q3 2025 – Refinery Shock, OPEC...
Analysis
What price oil? Q3 2025 in review
...European refinery disruption. Shell closed its 404,000bpd Pernis refinery in Rotterdam for maintenance, while an unexpected outage occurred at the Essar Oil Stanlow refinery, impacting UK petrol supplies. Further to...
News
Prax refinery joins decarbonisation project
...at Prax Lindsey Oil Refinery, said: “We are extremely pleased to announce that Prax Lindsey Oil Refinery is a member of the V Net Zero Humber Cluster project. This underlines...
Opinion
A reliable and secure supply
...acquired the Lindsey Oil Refinery in March of this year. Headquartered in London, this British multinational independent oil refining, trading, storage, distribution and retail conglomerate has gained a well-deserved reputation...