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Hungary: MOL Plans Downstream Cutbacks

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Hungary's MOL oil and gas group has seen a weak external downstream market and lower output in its upstream business hinder its quarterly financial results. MOL said its net profit for the first three months of 2012 came in at 73.7bn forints, down from 92.7bn forints in the same quarter of 2011. Despite the decline, the report was better than industry analysts had expected. 

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UK: Tanker Driver Union Accepts Deal

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A nationwide tanker driver strike has been averted after members of the Unite union voted to accept proposals following eight days of negotiation. The deal, covering seven major distribution firms (Wincanton, DHL, Hoyer, BP, Norbert Dentressangle, Turners and Suckling)  was approved by a narrow majority of 51%, and includes the introduction of industry wide accreditation for health, safety and training.

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FairFuel UK to Protest New 3ppl Fuel Duty

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Lobby and campaign group FairFuel UK will protest the 3ppl fuel duty rise that is due to come into effect in August, and is calling on businesses and the public to join them in campaigning. The rise, which was given the green light by MPs during the budget in March, will be met with opposition from FairFuel's 251,000 members, the group has said. The group is urging members of the public to write to their local MP with their grievance, and to visit www.fairfueluk.com. 

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Statoil, Gilbarco, Agree Six Year Equipment Deal

 statoillogo.jpgGilbarco Veeder-Root has been awarded a six year contract to be the sole provider of service station fuel dispensers, tank level gauging systems and service station equipment maintenance contracts for the entire Statoil Fuel & Retail network excluding services in Russia. Statoil Fuel & Retail's network consists of approximately 2,350 stations in Scandinavia, the Baltics, Poland and Russia.

 

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