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...
Interview
Nolan Oils: why a pragmatic, family-owned distributor decided the time was right for HVO
For years, many independent fuel distributors have watched the growth of hydrotreated vegetable oil (HVO) with cautious interest – balancing questions around demand, pricing, infrastructure investment and long-term viability against...
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
Holding steady in challenging times
...is arguably a simple one – an independent, authorised Texaco Oil distributor providing a top of the range oil service along with ancillary products that complement the business perfectly. ...
News
August update
...of Brussels on how this relates to oil imports has not exactly been clear: initial reports were that, as of the start of next year, all crude oil and refined...
News
Ensuring the new government hears FPS members
...Grant, who is based in Certas Energy’s Coleshill depot, takes over the presidency from Mark Nolan of Nolan Fuel Oils who has been president for the last two years. Duncan...
Opinion
What is the best Christmas present for a fuel distributor?
...meaning volumes are better.’ The price of oil has brought glad tidings of great joy to many. ‘Oil is not such a dirty word these days,’ said Richard Bates. As...
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...