Sellafield chair to step down

Tony Fountain is to step down from his role as Chair of Sellafield. The company is responsible for the safe and secure operation and clean-up of the Sellafield nuclear site. Mr Fountain, who will chair his last Board at Sellafield later this month, has accepted an offer to become Chair at Essar Oil. The Nuclear Decommissioning Authority […]

Rosneft, partners close $12.9bn deal to buy Essar Oil

Rosneft and its partners have finalised their $12.9 billion (£10bn) takeover of India’s Essar Oil. The Russian company and global trader Trafigura and Russian fund United Capital Partners have bought a 98.26% stake, with the rest held by retail investors. They will take over the Vadinar refinery in the state of Gujarat, which has the […]

Oil firm fined £497k for environmental offences

An oil company has been ordered to pay a fine worth more than £497,000 for environmental offences. Essar Oil UK has also been fined £40,000 in relation to two separate incidents which occurred in 2012. According to the Environment Agency (EA), the roof of an oil storage tank failed under pressure at Stanlow Oil Refinery […]