News
Committed to the growth of the UK’s oil and gas economy
Essar Oil UK continues to invest at Stanlow and has expanded its UK retail network to 46 sites Essar Oil (UK), which owns and operates the Stanlow Refinery, has announced...
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Interview
Essar Oil UK Ltd: from manufacturing complex to energy park
...future. Margaret Major, managing editor of Fuel Oil news and Claudia Weeks, content editor, met with Carlos Rojas, head of commercial at Essar, and Michelle Lewis, corporate affairs director, to...
Opinion
New UK oil essential for low carbon future
...oil fields like Cambo, says Katy Heidenreich, operations director at Oil & Gas UK (OGUK). Katy shares her thoughts with us: “Shell’s decision to suspend its involvement in Cambo, the...
News
Total and Harvest Energy enter into a fuel network agreement
...including EV charge points. The agreement will also ensure closer co-operation for fuel supply, domestically with Lindsey Oil Refinery and internationally through Total’s trading portfolio. “We are delighted with this...
News
Prax appointment brings wealth of knowledge
...extensive commercial and operational experience in the industry, Mark will be responsible for overseeing the Group’s UK downstream activities, with the exception of Prax Lindsey Oil Refinery. He will report...
News
The Prax Group appoint interim CFO
...was more recently, the commercial and financial lead for the group in the acquisition of Prax Lindsey Oil Refinery. With over two decades of experience across oil and gas, manufacturing,...
News
Greenergy proposes to end production at its Immingham biodiesel plant
...Immingham. Following last week’s announcement of insolvency by Prax, owner of the nearby Lindsey oil refinery, putting 420 jobs at risk and potentially impacting many more, a further 60 employees...
Opinion
Deloitte statement further highlights Stanlow concerns
Concerns surrounding money siphoned out of the Stanlow oil refinery have been raised by Deloitte, after the accounting giant quit as auditor to the parent company of the refinery –...
Opinion
Crude falls below $100/bbl as OPEC+ increases output but for how long?
...crude oil stocks of 4.5 million barrels, had an immediate impact on the oil price with crude oil trading lower the morning after the OPEC+ agreement was announced. Falling below...
News
Ministers urged to secure future oil refining capacity
...oil refineries in the UK. “We consider the oil industry to be critical to the UK economy. In an increasingly unstable world where new supplies of crude oil will need...
Opinion
Highs and lows of the oil price drop
...has been warned that 30,000 jobs in the gas and oil sector could be lost, with oil prices falling to their lowest in two decades. But, despite the global crash...
News
Stanlow – new long term working capital funding facilities
...Stanlow oil refinery in Ellesmere Port. The Inventory Monetisation arrangement with J. Aron & Company covers the supply of crude oil to Stanlow and replaces a similar agreement with Barclays...
News
Heating oil’s future – making a difference
“Oil is the cheapest option for off grid homes and has been since October 2014,” says FPS chief executive Guy Pulham. The FPS is urging all those using oil to...
News
Jardine Motors Group achieves a carbon-cutting, UK first in waste oil management
...sent through a re-refinery process supported by oil recovery specialists, Slicker Recycling. This process transforms the oil back into a high-quality base oil product which is used as a key...
Insight
What price oil? 2023 In review
In association with The Oil Market Journal Pictured below and included in the January issue of Fuel Oil News is a graph that shows the price of ultra-low sulfur diesel...
Insight
Heating future: prospects for kerosene and HVO
...Kerosene: This product heralded the age of the oil industry in the late 19th century when it was sold as lamp oil. The balance of probability is that its use...
Opinion
Transitioning from oil to renewables – cost or investment?
We hear from Neste after a decade of transitioning from a regional oil refinery to a global leader in renewable solutions to see if the investment is paying off. Neste’s...
Opinion
We’ll meet again: oil to gas price gap shrinking rapidly
With the spread between natural gas and oil contracting rapidly, Bjarne Schieldrop, chief commodities analyst at SEB, thinks that a bullish tailwind for oil is at risk and right now both...