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
...used cooking oil to produce renewable diesel was started in 2017, at 50,000mt/year, subsequently expanded to 150,000 mt/year, with further expansion to 250,000mt/year in 2024. Earlier this year an agreement...
Insight
Industry data: the latest update from the UKIFDA databank
...Temperature review Update on the diesel, gasoil and heating oil consumption to the end of March 2023. Update on prices of heating oil to the end of April 2023 Recent...
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...
News
BP to cut 10,000 jobs as virus hits demand for oil
...oil giant told staff at the start of this week that the company is responding to the economic fallout of the Covid-19 pandemic. Chief executive Bernard Looney laid the blame...
News
New leadership team at Lifecycle Oils fuels expansion plans
Used cooking oil collection, recycling and green fuel generation specialists, Lifecycle Oils, has appointed a new leadership team as part of its ongoing investment, expansion and growth programme. Adam Thompson,...
News
Green fuel demand sees Crown Oil expand
Rocketing customer demand for alternative cleaner fuels sees Crown Oil expand with investment in a new site. The Bury-based business, part of the £420m-turnover Crown Oil family of companies, has...
Interview
In conversation with Dave Walmsley: enthusiastic for NWF Fuels expansion
...– Sweetfuels, at the end of last year, Darch Oil, Consols Oils in Cornwall – are all predominantly domestic businesses. We have a very loyal and consistent customer base, but...
Insight
Association stats show steady progress towards net zero
...tolerance compared to those in America and Asia. Unlike crude, Russian oil products -especially diesel and gas oils – were replaced from a large mix of countries, notably India, Kuwait,...
News
Aramex UK opens new Aberdeen facility
...Oil Capital of Europe, Aramex UK has strategically chosen Aberdeen as its hub to open a brand-new warehousing facility which will serve new and existing oil and gas customers situated...
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
Investors welcome Shell net zero emissions plan
...and other oil majors to bolster their emissions reductions strategies. Earlier this year BP similarly unveiled wide-ranging net zero ambitions, while several top oil firms have acquired leading clean tech...
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...