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Our latest look at the changing downstream landscape

Insight

UK Downstream: the changing landscape

...public authorities, with these sales playing a key role in optimising refinery products balances. For several of these players, especially BP, Shell, Texaco and Total, value chain integration, from refinery...
Essar chooses final tech partner for carbon capture facility

News

Essar chooses final tech partner for carbon capture facility

...Clean Technologies is a valuable partner in our plan to reduce our refinery emissions by 95% using the BELCO® scrubbing technology.” Essar’s overall decarbonisation strategy aims to reduce refinery emissions...
Portland Report August

Market Report

Prices and predictions: how are we faring?

...year was around $35 per barrel, but this has now fallen below $20. The crack (or “refining spread”) is how much gross profit a refinery makes, and is based on...

Insight

No easy decisions at Whitegate

...acquired by Phillips Petroleum. With the merger of Conoco and Phillips in 2002, Whitegate became a ConocoPhillips refinery. In May 2012 Phillips 66 took over ownership. Refining post 2016? When...

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...
EET Fuels appoints Toyo-India for FEED on ICC project

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...
OMJ price reveiw

Analysis

What price oil? Q1 2025 in review

...of tariff uncertainty. In further bearish news, ARA gasoline stocks hit a record high in early February highlighting the issues faced by European refineries as the Dangote refinery progresses towards...

News

Greenergy signs strategic JV agreement with Bapco

...and refinery gasoline production with Greenergy’s blending, terminal operations and trading expertise to meet Bahrain’s domestic demand for gasoline blend components as well as create opportunities to import and export...

News

Ambitious low carbon investments

The UK Petroleum Industry Association (UKPIA) has welcomed the Department for Business, Energy and Industrial Strategy (BEIS) funding towards hydrogen projects at Essar’s Stanlow oil refinery and a renewable hydrogen...

News

Irving Oil to acquire Whitegate

Built in 1959 Whitegate is Ireland’s sole refinery, it processes up to 75,000 barrels of crude oil per day, producing transportation and heating fuels.  It has a workforce of 160...

News

Extinction Rebellion blockades ExxonMobil terminal

Climate campaigners known as ‘Extinction Rebellion’ blocked a terminal entrance near to the largest oil refinery in the UK yesterday in protest at the Fawley expansion plans. Activists dressed as...

Insight

How does the french downstream sector compare to the UK?

...heating oil continues to be a material source of fuel/energy for heating purposes. Rationalisation of the refinery network has been pursued with particular urgency over the past five years with...

News

Energy minister in Coryton discussions

...options for the refinery were discussed along with the work the administrators are doing to secure a sustainable future for the plant. The minister reiterated government’s commitment to help those...

News

Essar Oil UK – ‘a significantly better year’

“We can now look ahead with renewed confidence,” said chief executive Volker Schultz Last week the owner and operator of the Stanlow Refinery filed financial results for the year ending...