Shell sells Australian refinery to Vitol for £1.6bn

Oil giant Shell has sold an Australian oil refinery and 870 petrol station sites to Swiss oil trader Vitol for A$2.9 billion (£1.6bn). Vitol’s boss Ian Taylor described it as an “exciting” move for his company. A brand agreement means all the service stations will continue to use Shell’s red and yellow logo. The Anglo-Dutch […]

Ineos pins Grangemouth future on shale gas?

The owner of Grangemouth refinery is apparently pinning the site’s future on shale gas from the United States. Until recently at the heart of a heated union row, the refinery is set to be the first chemical plant in the country to get American shale gas. Owner Ineos plans to build a new ethane tank […]

Where does it come from, asks Robert Llewellyn

Where does it come from? That was the question which sparked his energy revelation, the electric vehicle enthusiast Robert Llewelyn told the audience at Energy Live 2013. The Red Dwarf actor and television presenter said: “It’s actually really annoying driving electric cars… because the first time you drive one you go, well hang on a […]

Salmond asks why Grangemouth deal came to "cliff edge"

Questions will be asked about why the future of Grangemouth petrochemical plant came so close to the “cliff edge”, according to Scottish First Minister Alex Salmond. Under today’s deal union Unite agreed not to strike for three years and accepted the plant owner INEOS’ survival plan. Mr Salmond said: “There will no doubt be continued debate and […]

Phew! Grangemouth petrochemical plant saved from closure

The Grangemouth petrochemical plant has been saved from closure after the owner INEOS agreed a deal with the Unite union. It marks a lucky escape as the site has been shut down since last week and looked set to close for good after Unite rejected INEOS’ survival plan on Monday. It will now reopen after […]

Unite will “embrace” Grangemouth survival plan “warts and all”

Unite’s General Secretary Len McCluskey has said the union will “embrace” the survival plan of Grangemouth owner INEOS “warts and all” in order to prevent the closure of the petrochemical plant, which was announced yesterday morning. Union officials and management from INEOS met at 8am today to hold talks. Mr McCluskey said he had spoken […]

Grangemouth petrochemical plant to close for good

The Grangemouth petrochemical plant is to close for good with the liquidation expected to begin within a week, its owner announced today. Following the failure of talks with the Unite union and a narrowly averted strike, the Grangemouth site had been temporarily shutdown since last week, whilst the owner INEOS tried to secure a deal […]

Scottish Government searching for buyer for Grangemouth refinery

The Scottish Government is trying to find a buyer for the troubled Grangemouth oil refinery. John Swinney, Scottish Finance Secretary said: “In view of the clear danger of a stalemate developing between the owners and the union, the Scottish Government has indeed been actively pursuing alternative options. This is what the people of Scotland expect. […]

Grangemouth is sign of problems “blighting” oil industry

The crisis at Grangemouth oil refinery is a sign of a wider malaise in the refining industry according to experts. The clouded situation at the Scottish refinery in the last fortnight follows a dispute over a worker which saw Unite union members threaten to strike. The site’s owner Ineos effectively retaliated by shutting the refinery […]

Talks to be held over Grangemouth oil refinery strike

The operator of the Grangemouth refinery and petrochemical site (pictured) is set to meet with union bosses this afternoon in an attempt to avert a 48-hour strike. Members of the Unite union are planning to walk out on Sunday in a row over the treatment of a union convener which follows a protest last week. […]