News
No deal for Coryton
In the absence of any serious buyer interest, Coryton’s fate now looks sealed. DECC is, however, keeping in ‘close contact’ with PwC, as the refinery’s administrators look at further options...
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Interview
Essar Oil UK Ltd: from manufacturing complex to energy park
...the supply of energy to the country. Carlos elaborated: “Our footprint is the refinery, but we also have a state-of-the-art terminal here that is capable of loading 26 million litres...
News
Oil trader expands into physical assets
The world’s largest oil trader, Vitol has teamed up with Marcel Van Poecke, co-founder of Petroplus, to buy the Cressier refinery in Switzerland. Petroplus administrator, Wenger-Plattner reported last week that...
Interview
In Profile – Luc Smets
In the August edition of Fuel Oil News magazine, we chatted with Luc Smets, general manager at Prax Lindsey oil refinery, to discover more about the man behind the industry...
Analysis
World Fuel Services – spreading the word
...Tees refinery leaving no refinery between Grangemouth and Immingham. Providing storage on the Tyne has enabled World Fuel to better serve the domestic, aggregate, mining and agricultural sectors in particular....
News
Milford Haven – frustration and regret
...had collapsed last week. “For the past four years we have worked tirelessly to secure a positive outcome for the future of the refinery and our workforce. Unfortunately, and despite...
News
A feeling of insecurity?
...in the US, Russia and Asia, although these regions themselves have had a few mixed years. Many sources in the industry are predicting that further European refinery closures can be...
Market Report
Is this really the end of the road for Grangemouth Refinery?
News
Grangemouth attracts strong investment interest
Following the closure of Scotland’s last oil refinery at Grangemouth, the Government has pledged £200 million through the National Wealth Fund to secure a long-term, sustainable future for the site....
News
Prax group enters North Sea market with successful acquisition of Hurricane Energy
Owner of the Lindsay Oil Refinery, the Prax Group, has announced the strategic acquisition of UK-based exploration and production company, Hurricane Energy, in what it describes as ‘part of a...
News
Essar maintains RoSPA gold with exemplary safety performance
...health and safety performance at its Stanlow refinery in Ellesmere Port. The annual awards, organised by the Royal Society for the Prevention of Accidents, are the longest-running industry awards scheme...
News
Essar Oil UK signs offtake agreement with Vertex Hydrogen to support decarbonisation
...plans to significantly reduce its emissions before the end of the decade, to become the UK’s first low-carbon refinery. Statement of intent Deepak Maheshwari, chief executive officer at Essar Oil...
News
Essar Oil UK reports successful financing and governance changes
Essar Oil (UK) Limited (EOUK), which owns and operates the Stanlow Refinery, today announced that it has closed new financial arrangements of over US$850 million. This has allowed EOUK to...
News
Stanlow secures government backing
A new project that forms part of Essar’s plans to decarbonise the Stanlow Refinery in North West England has secured a £7.2m grant from the Industrial Energy Transformation Fund. The...
Insight
The climate emergency: a game of two halves
...discusses the implications of climate change and net- zero in the context of these regulatory frameworks including a consideration of climate change impacts on the Refinery and Fuels sector. The...
News
Petroineos announces future-proofing Grangemouth reconfiguration plan
Petroineos has announced its proposal to reconfigure the Grangemouth refinery to meet the current and future anticipated demand for its fuels products. The reconfiguration will impact on the 637 current...
News
Deal could see key hydrogen role for Fawley
A deal to explore potential for a Southampton Hydrogen hub that could lead to large-scale hydrogen production at the Fawley refinery has been agreed by ExxonMobil’s subsidiary Esso. Esso, Macquarie’s...
News
Essar strengthens ASDA relationship with new deal
Essar Oil UK, which owns and operates the Stanlow Refinery, has today announced a new agreement with ASDA for the supply of petrol and diesel in the Midlands. ASDA has...