Analysis
What price oil? Q1 2026 in review
...Oil Market Journal, we highlight some of the key events that have impacted pricing over the quarter. World on the brink: U.S. strikes, Iran conflict and oil shock rock global...
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News
Crude oil supply – Essar enters new arrangement
Essar Oil UK has entered into new arrangements with Barclays Bank plc to cover the supply of crude oil to its Stanlow refinery. Under the new arrangements, Barclays will hold...
News
A feeling of insecurity?
...oil, gas and coal exporter to Europe. In the oil industry, EU-Russia cooperation has been growing over recent years with European companies active in Russian exploration and production, while Russian...
Market Report
The UAE’s OPEC exit may look dramatic, but consequences could be less significant than suggested.
...Dhabi National Oil Company (ADNOC) had been formed to manage all oil and gas resources, and further diversification of the oil production “model” soon followed. Refinery construction began at pace...
News
Prax group enters North Sea market with successful acquisition of Hurricane Energy
...would have likely received from the firm’s Lancaster oilfield, and on an expedited timeframe. Growth strategy London-headquartered Prax acquired the Lindsey oil refinery at Immingham in 2021 from TotalEnergies and...
Opinion
Ken’s Corner: A Letter to Santa!
...the Figgy Pudding – bring us a smarter, more resilient energy future. This year has seen the closures of Grangemouth and Dalston, as well as the liquidation of Lindsey Oil...
News
Wincanton renews Total contract
...two companies – means that Wincanton will continue to manage Total’s maintenance warehouse facility at the Lindsey oil refinery in Lincolnshire. Under the terms of the agreement Wincanton retains responsibility...
Interview
A new chapter for Craggs Energy and Moorland Fuels
...none of that works without strong supplier partnerships. If supply breaks down, we can’t deliver for our customers. “Learning of the closure of Prax’s Lindsey refinery really brought that home....
Insight
An industry acquiring
...the successful completion of the strategic acquisition of Lindsey Oil Refinery, and its associated logistics assets in the UK, in March this year. This followed an agreement, signed in July...
Insight
Sustainable low carbon liquid fuels: perspectives and prospects
...turn. Renewable diesel / hydrotreated vegetable oil This product is made by hydrogenation and hydrocracking of vegetable oils and animal fats using hydrogen and catalysts at high temperatures and pressures....
Insight
A look at the shape of the future UK downstream oil sector landscape
We are living through a time that has heralded much change and, before considering the future evolution and shape of the UK downstream oil sector, we will remind ourselves of...
News
Essar Oil UK reports positive progress on financings
Essar Oil UK, the owner of the Stanlow Refinery, reports that it has successfully addressed the required financing to replace the previous receivables facility. The refinery continues to operate as...
News
Multi-million pound hydrogen furnace for Stanlow refinery arrives in Liverpool
A brand new furnace capable of running on hydrogen has arrived at Liverpool Port. The furnace, which is part of a multi-million pound investment by Essar Oil UK (EOUK), is...
News
Phillip 66 advances Humber Zero carbon capture plant with support contract award
Phillips 66 Limited Humber Refinery has awarded Babcock & Wilcox (B&W) a contract to design a pre-treatment process for flue gas as part of plans for a new carbon capture...
News
EET Fuels appoints Toyo-India for ICC project
EET Fuels, which plans to create the world’s leading low carbon process refinery, has progressed to the front-end engineering design (FEED) stage of its industrial carbon capture (ICC) project. The...
Opinion
Free oil? Not today …
...unlikely to have sold any physical oil at negative prices. The oil industry is already absorbing much of the short-term price shock by putting oil into storage, both on land...
News
Essar staff offered £30,000 “leaver incentive” package
As reported in July, Essar’s 1000 employees at the Stanlow Oil Refinery are being offered a voluntary severance package, now rumoured to be worth a fixed-sum of £30,000. All employees...
News
Products and markets
...range consists of petrol, diesel, aviation fuel, LPG, fuel oil, gas oil and heating oil. With the exception of fuel oil and LPG all products can be transported via the...