Opinion
North Sea oil industry in crisis?
...Sea being profitable as oil is below $60 per barrel. “It is almost impossible to make money at these oil prices,” says Mr Allan, director of Premier Oil in addition...
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Opinion
Preparing for a new oil world
Boris Ivanov Boris Ivanov, founder of GPB Global Resources discusses how the fuel oil industry can begin to prepare for the new oil world. With BP cutting 10,000 jobs and...
Market Report
Prices and predictions – what does 2025 have in store?
...own forecasts for 2024 oil prices. Our headline prediction in Jan ’24 was for oil prices to “trend sideways and stay in the $70-$80 per barrel mark”. Arguably this was...
News
Fuel supplies ‘at risk’ as Fawley workers ballot result awaited
Fuel supplies could be affected if workers at ExxonMobil’s Fawley refinery vote for strike action in a ballot that got underway yesterday (Monday 21 February), according to workers’ union Unite....
News
Fire at Fawley refinery swiftly brought under control
A fire that broke out within a unit at Fawley refinery, near Hampshire, around midday today, June 6, was quickly brought under control with a spokesperson describing it as ‘an...
News
Key Jet site near refinery is transformed
...Refinery in South Killingholme, North Lincolnshire. JET’s biggest site transformation to date, the £3M project has resulted in a world-class site with state-of-the-art facilities meeting the needs of both HGV...
Insight
The climate emergency: a game of two halves
...discusses the implications of climate change and net- zero in the context of these regulatory frameworks including a consideration of climate change impacts on the Refinery and Fuels sector. The...
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...
Opinion
OGUK welcomes climate report impetus
...to cut emissions from oil and gas production, currently totalling about 18.5m tonnes a year, to net zero by 2050. This could include the electrification of offshore oil and gas...
News
Fuel for thought…
...at a European, national and regional level. With over 1.5 million heating oil installations throughout these islands and millions more across Europe, the oil storage tank industry and the oil...
News
Oil theft – oil industry shows support with donation
...Northern Ireland Oil Federation (NIOF) resulted in Solo Direct offering to give the unit 1,000 litres of oil to help during this difficult time. With £1,000 worth of oil stolen...
News
Theft threat?
When the price of crude oil rises, reports of oil theft increase. Alex Porter spoke to distributors about the situation in their area A recent article on the Fuel Oil...
News
Slicker Recycling and Castrol take greener approach to used oil management
...and support the circular economy. The used oil is collected and transported to Slicker Recycling’s base oil re-refinery in Denmark which it operates with German partner, Avista AG. Mark Olpin,...
News
Aggreko supercharges investment in oil-free air compressors
...fleet of 100% oil-free electric variable speed driven (VSD) compressors, the company will be introducing new Stage V Diesel 100% oil-free units to strengthen its provision of greener compressed air...
News
Excellent insight into future fuelling challenges earns Phillips 66 top marks
With customers rating the 2022 conference its most successful to date, Phillips 66 Limited has shared customer feedback on this biennial gathering which was held in Palma this year. The...
News
Growing business in Ireland
In a multimillion-euro deal, Canadian Irving Oil, which owns the Whitegate refinery in Cork, has acquired Top Oil (formerly Tedcastles Oil Products), the brand owned by the Dublin-based Tedcastle Group....
News
Honeywell technology to be used by BP to increase its worldwide SAF production
...used to produce SAF commercially since 2016. Developed in conjunction with Eni SpA, the process converts non-edible natural oils, animal fats and other waste feedstocks to renewable diesel and SAF...
News
In Conversation with Klass Oil: a class act in energy distribution
...Tom Kirrane in the oil industry for nearly 40 years. Originally setting up Emo Oil, Tom ran Texoil as a joint venture with Chevron until he sold his share in...