News
The Prax Group to purchase Lindsey Oil Refinery
...integrated across the oil value chain from upstream to downstream,” said Sanjeev Kumar, CEO of the Prax Group. “Acquiring Lindsey Oil Refinery is a natural progression for the Prax Group,...
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Opinion
Stick or Twist: oil services have crucial choices to make as energy transition accelerates
...for the transferability of skills between oil and gas and low carbon, this is not always easy or evident. All oil services companies have core capabilities in particular areas –...
Insight
The UK’s refineries: past, present and future
...refined oil product demand declines. The UK refinery network has shown its adaptability to changing requirements over the past 50 plus years; this resilience will provide a strong foundation to...
News
Prax Group agrees purchase of Total Lindsey Oil Refinery
The Prax Group has signed an agreement with Total to purchase Lindsey Oil Refinery and its associated logistic assets. With a strong track record of integrating acquisitions and managing assets...
Insight
Climate Challenge: Action is imperative
...for cooling will exceed total energy demand today. But there are alternative routes: Passive cooling through smart building design and urban planning. Efficiency standards reducing energy demand from next-gen cooling...
Opinion
Fears for future of Stanlow oil refinery
...including plans to decarbonise its activities and produce sustainable fuel there. It has been reported that the plunging demand for fuel during the pandemic has forced Essar Oil UK to...
Insight
Hydrogen Strategy: Ongoing developments
...of the major oil companies and can be seen in many government plans for industry decarbonisation. Hydrogen is expected to play a prominent role in lowering carbon emissions from energy-intensive...
Insight
Fuel prices – impacts and forecasts
...in demand during 2023. When demand unexpectedly dropped due to covid, OPEC+ was left with an oversupply leading to a substantial drop in price. OPEC+ are keen to maintain the...
Insight
Online fuel marketplaces: Menace or opportunity?
...heating oil marketplace, hosting around 200 suppliers and having processed over 1 million orders since 2004. ValueOils: A leading independent Northern Ireland price-comparison platform. HomeFuels Direct: National online heating-oil retailer...
Interview
Market review 2022: Fuel tanker manufacturers
In a fuel distribution sector that has seen high demand throughout the challenges of the last two years, the tanker manufacturers in the UK and Ireland are no exception. We...
Opinion
UKIFDA encourages homeowners to start biofuel transition
...adds Guy Pulham. Exercising efficiency “If consumers want to change their existing oil boiler for a new oil boiler they can still do so. We recommend switching to a condensing...
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
Open to debate in Ireland
l-r From Corrib Oil in Co Galway – Tom Connolly, Gerry Mullen, Matt Stratford, Eamonn Dalton, with Neil Stewart, Stewart Oils, Co Roscommon 70% of distributors who completed the feedback...
Interview
ROM1 – a step in the right direction
In a bid to reduce illegal oil trading, the Revenue Commissioners introduced monthly Return of Oil Movements (ROM1) reports into the Republic of Ireland last year. Feeling weighed down by...
News
Family driven
...be a bad reflection on both the business and the acquisition itself.” Now rebranded as Countrywide Oils – part of the family driven solution/part of the Ford Fuels Oils Group...
News
INEOS to buy DONG Energy’s oil & gas business
...barrels of oil equivalent per day in 2016 and with around 570 million boe of commercial and potential oil & gas reserves across the Danish, Norwegian and UK continental shelves....
News
Will liquid fuels be heating homes in 2030?
...the market for oil boilers predominantly in the replacement sector, OFTEC’s strategy is to retain the present oil-fired boiler market share. Using initiatives such as the Oilsave campaign, OFTEC is...
News
Irving Oil to acquire Whitegate
...very seriously,” added president of Irving Oil, Ian Whitcomb. Irving Oil looks forward to sharing more information on this acquisition upon the close of the purchase and sale agreement. www.irvingoil.com...