September 2020

Exxon Mobil Corporation and InterOil Corporation have announced an agreed transaction worth more than US$2.5 billion, under which ExxonMobil will acquire all of the outstanding shares of InterOil (the ExxonMobil Transaction).“This agreement will enable ExxonMobil to create value for the...

Jeremy HawksleyThe price of oil will continue to fall over the next two years against a backdrop of rising gas and electricity costs if current trends continue, according to new research published today.A study commissioned by the oil heating trade...

OFTEC AwardsA line up of leading lights in the oil heating industry are set to speak at OFTEC’s new look Awards for Excellence 2014 event which promises to be the best yet, with a trade show, seminar programme and mini...

East of England Carbon Monoxide Ambulance Screening Study BeginsThe Gas Safety Trust has confirmed that the East of England Ambulance carbon monoxide (CO) screening study, which was first announced in December 2014 has now formally commenced.CO is the most common type of...

Ofgem Report Shows RHI Take Up Greatest In The South EastThe first quarterly OFGEM review of homes installing renewable heating technologies under the government’s domestic Renewable Heat Incentive (RHI) scheme has revealed that the largest take up has been in...

The latest research figures show that the construction industry continues to suffer from the scourge of late payment. Figures from the Department for Business, Energy and Industrial Strategy show that UK businesses as a whole are owed around £26.8bn. Construction...

Jeremy HawksleyNews that the Scottish Government’s recently announced ‘Green Homes Cashback Fund’ is to allow householders to upgrade their oil boilers has been welcomed by OFTEC, the Oil Firing Technical Association.The move is in contradiction to the stance taken for...

Tank Storage Germany 2016, the leading event for the German bulk liquid storage industry, returns to The Hamburg Messe, Hamburg, on 16 & 17 November. The show brings together over 80 suppliers and a dedicated audience of decision makers and senior buyers, all looking to attend the highly anticipated conference...

ThermostatThe latest quarterly data from the Sutherland Tables, the provider of comparative home heating costs for the most common fuel types in the UK and Republic of Ireland, has shown heating oil has enjoyed the biggest price drop in the...

OFTEC Awards For Excellence Winners 2014The best talent in the heating oil industry from across the UK and Republic of Ireland was showcased at OFTEC’s 2014 Awards for Excellence event on Tuesday, with both installers and manufacturers recognised for their achievements.Attended...