Tag Archives: Oil

Creative solution for scaring seagulls

With rig operating firms losing hundreds of thousands of pounds a day every time work is halted to clean up seagull droppings, as well as the risk posed to helicopters by the birds, an effective solution was desperately needed. The Read more »


BP halves dividend after record loss, but the future looks bright

Following a record $6.7bn quarterly loss, BP has halved its shareholder dividend after the coronavirus pandemic hit global demand for oil. The loss was largely due to BP writing down the value of its assets after it cut its oil Read more »


Senior industry figures launch energy transition advisory company

Leading oil and gas professionals Hamish Wilson, Bill Senior, Tony Smith, Martin Dru and Sarah Milne have launched BluEnergy, committed to enabling oil and gas companies to leverage their existing asset base to create low carbon energy streams, generating value Read more »


Slicker Recycling acquires RE:Group

Slicker Recycling Limited, the UK’s largest collector and processor of used waste lubricating oil, has announced the acquisition of RE:Group (UK) Ltd. RE:Group, based in Hull, provides waste oil collection and processing, industrial services and advanced fuel manufacturing. Commenting on Read more »


A revolutionary launch from Magnus Monitors

Galway-headquartered Magnus has introduced its first product to the oil and lubricants industry – a truly wireless, battery-driven, radar technology-based oil level monitor that can be installed on tanks without holes or alterations. The monitor is unaffected by environmental factors Read more »


Oil prices rise on OPEC+ deal extension

An agreement to extend the deal on record production cuts until the end of July which was reached at a virtual meeting of OPEC+ on 4 June, saw oil prices climb to their highest level in 3 months. In addition Read more »


Fuel supplier completes MBO during lockdown

In planning prior to the Coronavirus lockdown, North Yorkshire-based independent fuel oil supplier, Kettlewell Fuels has now completed a management buyout (MBO) by its senior leadership team. Managed by Janet and Trevor Kettlewell since 1996, the MBO means the husband Read more »


Carbon capture project emerges from Humber refineries

Last week, in another significant industry step towards contributing to the UK Government’s Net zero objectives, Phillips 66, Uniper and VPI Immingham announced a memorandum of understanding to co-develop Humber Zero. A multi-million pound carbon capture and hydrogen project on Read more »


Solving the industry recruitment challenge

Boris Ivanov

Industries across the world are experiencing a coronavirus paralysis. Even the oil industry, which for many has been able to continue in relatively normal terms