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UK Lawmakers to Examine Country's Oil Refining Industry

An influential body of U.K. lawmakers said Thursday it will open an inquiry into the challenges facing the country's oil-refining industry, to see if recent closures threaten security of supply.The Energy and Climate Change Committee, which is appointed by parliament to examine government expenditure, administration and policy, said it was seeking evidence on what needs to be done to maintain a suitable baseline level of refining capacity.The U.K. had 18 oil refineries in the late 1970s--it has just seven in 2013.The most recent to close, in 2012, was Coryton, one of the largest and most modern facilities in Europe that supplied 10% of the U.K.'s fuel market. It was the second to shutter in the U.K. since the economic crisis hit in 2008.Increased competition from ultra-modern refineries in Asia and the Middle East, and increasingly stringent environmental standards, are adversely affecting U.K. refineries, the committee said Wednesday.Europe's economic woes are also playing their part,...

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  1. French Industry Minister: Libyan Fund Interested in Petroplus Refinery

    French industry minister Arnaud Montebourg Monday reiterated that the merits of shale gas should be explored in France.Mr. Montebourg's comments precede the release ...

  2. French Union Calls on Government to Nationalize Refinery

    A French labor union Tuesday called on the government to nationalize an oil refinery after a court ruling moved it closer to liquidation.A court in Rouen rejected th...

  3. Refinery Runs To Increase In Q3 From Previous Year -IEA

    Even accounting for faltering oil demand from China, global refinery runs in the period from July to September will be even greater this year than last, the Internat...

  4. IEA: Refinery Runs In 3Q Up 200,000 B/D From Previous Year

    Global refinery runs are set to rise in the third quarter to 75.5 million barrels a day to meet peak summer fuel demand, up 200,000 barrels a day from a year earlier...

  5. IEA: Refinery Runs In Q3 Up 200,000 B/D From Previous Year

    Global refinery runs are set to rise in the third quarter to 75.5 million barrels a day to meet peak summer fuel demand, up 200,000 barrels a day from a year earlier...

  6. Essar, Barclays Reach Oil Supply Deal For UK Stanlow Refinery

    India-focused oil company Essar Energy PLC (ESSR.LN) said Wednesday its U.K. subsidiary has made a new agreement that will see the bank Barclays PLC (BARC.LN) supply...

  7. Business As Usual At Coryton Refinery After Tolling Deal Ended -Union

    Petroplus Holdings AG's (PPHN.EB) Coryton refinery in England is operating as usual after a tolling agreement that kept the facility running after the company's inso...

  8. No Confirmed Deal For Petroplus's Coryton Refinery In UK -MEP

    There is still no confirmed deal for Petroplus Holdings AG's (PPHN.EB) Coryton refinery in England although a tolling agreement keeping the facility running after Pe...

  9. French Energy Min: Banks To Transfer Cash To Petroplus Refinery

    French Energy Minister Eric Besson Friday said banks had agreed with insolvent Swiss-based refiner Petroplus Holdings AG (PPHN.EB) to transfer cash and fuel to the c...

  10. Petroplus UK Administrator Aims To Sell Coryton Within 30 Days

    The administrator of Petroplus Holdings AG's (PPHN.EB) U.K. subsidiaries aims to reach a deal to sell the Coryton refinery in England within 30 days, a joint adminis...

  11. Petroplus UK Administrator: Aims For Coryton Deal Within 30 Days

    The administrator of Petroplus Holdings AG's (PPHN.EB) U.K. subsidiaries aims to reach a deal to sell the Coryton refinery in England within 30 days, a joint adminis...

  12. Serious Bids Expected For Petroplus UK Coryton Refinery - MEP

    Bids from serious parties for the Petroplus Holdings AG's (PPHN.EB) Coryton refinery in England are expected to be submitted by April 2, the deadline set by Pricewat...

  1. French Court Rejects Bids for Petroplus Refinery

    A French court Tuesday rejected the two bids filed by companies offering to take over an oil refinery from bankrupt refiner Petroplus AG and ordered the liquidation ...

  2. France won't buy troubled Petroplus refinery : Hollande

    VAL-DE-REUIL, France (Reuters) - France will not take over insolvent Swiss refiner Petroplus' oil refinery in Normandy, but could help the plant financially once a s...

  3. Libya, Iran Contenders Seek French Refinery As Its Oil Supply Ends

    Potential buyers from Iran and Libya this week stepped up efforts to take over a bankrupt French refinery, despite Royal Dutch Shell PLC's (RDSB.LN) decision to stop...

  4. French Industry Min: Pertamina Interested in LyondellBasell Refinery

    French Industry Minister Arnaud Montebourg Tuesday said Indonesia's state-owned oil company Pertamina is interested in the oil refinery located in the town of Berre ...

  5. France could invest with Libya in Petroplus : minister

    France could co-invest alongside Libya's sovereign wealth fund if the wealth fund takes over insolvent Swiss refiner Petroplus' plant in Normandy, industry minister ...

  6. French Court Grants More Time to Struggling Refinery's Potential Buyers

    A French court Tuesday granted more time to potential buyers of a struggling refinery located in the northern town of Petit-Couronne that was part of Swiss-based oil...

  7. Libyan Fund Interested in Struggling French Oil Refinery

    A Libyan sovereign investment fund has sent a letter officially expressing interest in taking over a struggling French oil refinery, as a local court is due to decid...

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