News
Coryton assets to be sold to joint venture
...are managing the safe closure of the refinery. The sale follows a five month exercise to explore all the options for the refinery. As stated by the administrators in May,...
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News
Petroplus administrators reveal scale of Coryton’s financial woes
...the Coryton refinery. The report provides creditors with a detailed description of progress that has been made in the six months since the appointment of the administrators. Trading losses from...
News
Robust financial performance
Essar has invested over $850 million since acquiring Stanlow in July 2011 Essar Oil (UK) Limited, which owns and operates the Stanlow Refinery, has reported robust financial results for the...
News
Essar and Progressive Energy join forces in low carbon venture
...at Essar’s Stanlow Refinery in Cheshire, for use across the HyNet region. It will provide Essar Oil UK with low carbon hydrogen to decarbonise its own energy demand in addition...
Opinion
Unite Grangemouth survival plan calls for transition to biofuels hub
...which represents the workforce at Grangemouth, has written to energy secretary Ed Miliband demanding action on Grangemouth. In September, Grangemouth owners Petroineos announced its intention to close the only refinery...
News
OPEC+ continues oil production cut in uncertain market
...into effect today, 5 December, in an already churning oil market. Speaking after yesterday’s OPEC+ meeting, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie, said: “The decision by OPEC+...
News
A positive story for the UK
A newcomer to the UK, the Valero Energy Corporation entered the UK market last summer following its acquisition of Chevron assets including the Pembroke refinery, pipelines, terminals, an aviation fuels...
Insight
Task force to take action on UK refining and fuel import issues
...will the new Midstream Oil Task Force be able to fulfill these actions? Reflecting the government’s position on refining, the statements below are taken from the ministerial foreword from DECC’s...
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:...
News
Is the case for HVO strong enough?
...quantities/scale will/can it be produced, physically and cost effectively from new bio-refineries, co-processing at existing oil refineries? Is there sufficient availability of the requisite feedstocks (such as residues, waste, etc.)...
Interview
CDS: 50 years of powering customer success
CDS has been delivering innovative software, technical support, and customer service to the downstream oil and LPG industries for 50 years. Claudia Weeks, content editor for Fuel Oil News, visited...
Insight
The evolution of the UK biofuels sector
...– 2008/09 & 2009/10 – the most widely reported source of feed stock was soy, since then it has been used cooking oil. For bioethanol, the most widely reported source...
Insight
Phillips 66 powers ahead and scores a hit with customers
Phillips 66 has shared customer feedback from its biennial conference ‘Power Ahead’ – which took place in Dubrovnik, Croatia. Held from 1-3 October, more than 200 attendees from the retail,...
Analysis
Review of the UK & Ireland fuel tanker market 2024
...was a no brainer”. With very positive feedback from the drivers, Richard suggests it is “the best Alpeco metering system to date.” Simon Cullen of AA Oils is a fan...
Insight
E-fuels – the challenges and opportunities in e-fuels
...than) the captured CO2 used to produce it. Bioenergy investments have gained momentum, but concerns persist over the availability of feedstock. The food-versus-fuel debate lingers. Although primarily considered a long-term...
Insight
Association stats show steady progress towards net zero
...55 percent of all biofuel feedstocks in the UK and is used to produce 93 percent of UK biodiesel. China is currently the largest source of renewable fuel feedstock, accounting...
Interview
The battle to offer a competitive product
...Top Oil has invested in its Dublin terminal Tackling low margins Outlining how consumer spending has changed, Martin said heating oil order sizes had reduced to 500 litres and even...
News
Could heating oil prices be frozen?
...rising demand for refined oil products. Indeed, the same report pointed out that the UK depends on imports for 44% of its heating oil requirements. A fact that vividly illustrates...