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...
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News
ABB wins major project to relocate refinery
Having ceased production in November 2014, approximately 60% of Milford Haven’s refinery’s process units will be dismantled and rebuilt at an existing facility located outside the UK. Site relocation is...
News
Essar Oil UK rebrands on route to become first low carbon process UK refinery
Essar Oil UK has become EET Fuels, as it delivers on its plan to become the UK’s first low carbon process refinery, setting the global benchmark for lower emitting refineries...
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...
Insight
Marine bunkering – fuel for a vital activity
...oil/ light fuel oil, with maximum density which can range between 0.890 and 0.920 kg/m3 at 15 degrees C Marine gas oil – meets the inland heating oil specification i.e....
Market Report
The eternal influence of black gold
...oil company) and, instead, is an operating tri-venture between Exxon Mobil (45%), Amerada Hess (30%) and China’s National Offshore Oil Corporation (25%). With little experience in negotiating oil concessions, Guyana’s...
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...
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....
Market Report
Volatile grounds: How geopolitical crises shape oil price fluctuations
...per barrel. It was at this point though, that the big hedge-funds re-entered the market and bought swathes of oil futures. This obviously supported the oil price against further falls...
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....
News
Oil recycling specialist Slicker expands further with Oil Monster acquisition
...with their own carbon cutting and sustainability agenda, re-refining their waste oil back into base oil through our own re-refinery.” “We welcome everyone at Oil Monster into the Slicker family...
Opinion
Calls for strategic oil and gas measures to safeguard UK energy security and climate progress
The UK Government is being urged to adopt a pragmatic new approach to oil and gas policy to prevent deepening reliance on imports, safeguard critical infrastructure, and support a managed...
Opinion
Longer term impacts of coronavirus on the UK and Ireland’s oil industry
...a 70,000-bpd crude unit at its Gelsenkirchen oil refinery in Germany on March 18th. Although there have been some closures, most oilrigs, terminals, warehouses, refineries, and logistics facilities have remained...
Market Report
Saving Mexico’s state oil giant – a strategy of hope over experience.
...nationalisation of all privately held oil interests in Mexico and for most of the 21st Century, Pemex has been Latin America’s second largest enterprise by annual revenue (Brazil’s state-run oil...
News
Cyberattack effect on oil prices
...vulnerabilities within US infrastructure. Why do oil prices vary? Oil prices vary from day to day, but when an unexpected event occurs that causes disruption in the supply chain, drastic...
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...