The UK government said it is "stepping up plans" to support workers at the Grangemouth refinery ahead of its closure, but a leading union has criticised the support package as "smoke and mirrors".
The mystery buyer behind a potential bid for the Grangemouth refinery has been revealed as Canadian businessman Garth Reid, according to media reports.
The Prime Minister has said his Government is not “sleepwalking” into potential “industrial devastation” over the closure of the Grangemouth refinery.
The closure of Scotland’s only oil refinery will create a “significant economic shock”, John Swinney said, as the Scottish and UK governments promised a joint £100 million support package for Grangemouth.
Grangemouth operator Petroineos has confirmed Scotland's only oil refinery will cease operations in the second quarter of 2025, leading to a net loss of 400 jobs.
Securing the future of the Grangemouth refinery is “one of the greatest tests the just transition process will ever face”, a union has said ahead of a march calling for its lifespan to be extended.
Accelerated action and intensive work is needed to avoid a “disorderly and unjust transition” when Scotland’s only oil refinery closes, a report has warned.
The Stanlow oil refinery in northern England is getting ready to sell more fuel when a rival plant in Scotland shutters next year.
Union bosses have called on Scotland's First Minister John Swinney to "show us the plan" for the beleaguered Grangemouth oil refinery which is set for closure next year.
Commodity trader Glencore Plc. will replace its rival Trafigura Group as the supplier of crude oil to a key refinery in the UK.
German energy firm RWE has announced plans to build a green hydrogen production plant at Grangemouth.
Both of Scotland’s governments have been accused of “sleepwalking towards disaster” on protecting the future of Scotland’s only oil refinery.
Unite said if strike action takes place it will cause "widespread disruption" at one of Scotland's key oil and gas terminals.
The bulk of new diesel supply stemming from a $1 billion expansion at the UK’s largest oil refinery operated by Exxon Mobil Corp. (NYSE:XOM) will be available in the first quarter of 2025.
Ineos has been hit with a £400,000 fine after a worker received "severe" burn injuries from falling into a chemical pit at its Grangemouth refinery.
Workers at the Grangemouth oil refinery have slated the Scottish and UK governments over failures to develop plans to help protect hundreds of jobs at the complex.
Scotland's only oil refinery at Grangemouth is set to close by mid-2025
Scottish and UK Governments will discuss Grangemouth refinery future
Energy Minister Graham Stuart also denied UK government approach would differ if the refinery was located in England
Former energy minister Michael Matheson held talks with Grangemouth operator Petroineos in 2022, in which he was told of the potential closure of the refinery in the face of market pressures.
Petroineos to offer enhanced redundancy terms and above inflation pay rise for ‘jobs on a timer’
Shetland Gas Plant co-owner Kistos (LON: KIST) expects the facility to reopen within the next two weeks, the company said today.
Exxon Mobil will complete a $1 billion expansion of diesel production at its Fawley UK oil refinery next year, a key step in curbing the country’s reliance on imports.
Union leaders slammed plans to cease operations at Grangemouth’s crude refinery and called for nationalisation, while just transition campaigners called for a ‘credible plan’ to protect workers.
Grangemouth, Scotland’s last remaining oil refining capacity, could close as soon as 2025 amid a reported decline in North Sea oil output and falling demand for fuels.