Market Report
When the tide won’t turn: Markets surging past the pull of policy
...the US economy. There would be a doubling down on oil, gas and coal production, whilst at the same time, renewables would be shunned. One year on then, how much...
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News
Grangemouth attracts strong investment interest
Following the closure of Scotland’s last oil refinery at Grangemouth, the Government has pledged £200 million through the National Wealth Fund to secure a long-term, sustainable future for the site....
News
Essar maintains RoSPA gold with exemplary safety performance
...health and safety performance at its Stanlow refinery in Ellesmere Port. The annual awards, organised by the Royal Society for the Prevention of Accidents, are the longest-running industry awards scheme...
News
Essar Oil UK signs offtake agreement with Vertex Hydrogen to support decarbonisation
...plans to significantly reduce its emissions before the end of the decade, to become the UK’s first low-carbon refinery. Statement of intent Deepak Maheshwari, chief executive officer at Essar Oil...
News
Essar Oil UK reports successful financing and governance changes
Essar Oil (UK) Limited (EOUK), which owns and operates the Stanlow Refinery, today announced that it has closed new financial arrangements of over US$850 million. This has allowed EOUK to...
News
Stanlow secures government backing
A new project that forms part of Essar’s plans to decarbonise the Stanlow Refinery in North West England has secured a £7.2m grant from the Industrial Energy Transformation Fund. The...
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...
News
Stanlow refinery legacy celebrated with unique employee memento
...with pride at the EET’s Stanlow refinery. Scott Smith, Colleague Engagement Manager, explained: “Celebrating a centenary milestone with colleagues is a rare and special occasion. Stanlow is an extraordinary place...
News
Petroineos announces future-proofing Grangemouth reconfiguration plan
Petroineos has announced its proposal to reconfigure the Grangemouth refinery to meet the current and future anticipated demand for its fuels products. The reconfiguration will impact on the 637 current...
News
Deal could see key hydrogen role for Fawley
A deal to explore potential for a Southampton Hydrogen hub that could lead to large-scale hydrogen production at the Fawley refinery has been agreed by ExxonMobil’s subsidiary Esso. Esso, Macquarie’s...
News
Essar strengthens ASDA relationship with new deal
Essar Oil UK, which owns and operates the Stanlow Refinery, has today announced a new agreement with ASDA for the supply of petrol and diesel in the Midlands. ASDA has...
News
Valero brand enters the UK fuel retail market
...with the Pembroke area. The company owns and operates the Pembroke refinery, as well as a fuel terminal at Waterston near Milford Haven, making the Ascona service stations and Pembroke...
News
Agreement will see UK oil production facility powered by wind
...to create one of the UK’s first oil and gas facilities powered mainly by offshore wind. The deal will deliver the UK’s first Floating Offshore Wind unit manufacturing and assembly...
News
Essar appoints Stein Ivar Bye as chief executive officer
The board of Essar Oil UK Ltd has announced the appointment of Stein Ivar Bye, former boss of Sweden’s largest fuel firm, as chief executive officer. Leaving behind his job...
News
Geos Group takes over Phillips 66’ marine gas oil deliveries at Blyth
...advantage over other marine gas oil suppliers.” The Geos Group (Sea Bunkering) is a physical supplier and international trader of marine gas oil, with stock in Aberdeen, Blyth, Great Yarmouth,...
News
Fluid Oil – meeting strategic objectives
...Fluid Oil has successfully commissioned its latest Viscositor heavy oil upgrading demonstration reactor. This has replicated and surpassed the work completed on the reactors commissioned at the SINTEF Research Centre...
News
TSA talks competence
...problem of oil fraud. The issue lies in differentiating between the excise duty responsibility of the warehouse keeper and the customer. Currently, a warehouse receiving imported oil is authored by...
News
Oil price rises over $70 a barrel
...the economic revival will be soon coupled with oil demand recovery,” said Tamas Varga, an analyst at PVM oil brokerage in London. He cautioned, however, that the recovery still faced...