| Latest Industry News
General News
APEA appoint F2F Events Ltd to run annual exhibition, conference and awards
APEA have appointed F2F Events Ltd to run their annual exhibition, conference and awards to take place on 14 October 2010 at Ricoh Arena, Coventry
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PetroForum Asia, Middle East and Africa moves full steam ahead with a host of new companies signed up for the event
With only three months remaining until the 2010 PetroForum, the number of oil company and supplier registrations is growing by the week. Senior engineering, automation and retail development personnel have been invited from all the major oil companies across Asia, Africa and the Middle East
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Alternative and Renewable Fuels
Doha: Mowasalat runs green with Woqod
Some 50 road taxis today run on liquefied petroleum gas (LPG) in Qatar, as part of the government’s drive to reduce emissions from its public service vehicles
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Oil Company News
Sinopec under pressure from private competitors in retail market
Sinopec, the country's state-owned oil group, recently cut its processed oil retail price for the first time this year, a move that probably fired the first shot in reshaping the country's process oil retail market, which were previously firmly dominated by the state-owned oil giants
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Petron eyes mergers and acquisitions route for 2010 expansion
The Philippines’ largest oil refiner said it would pursue mergers and acquisitions (M&A) next year, with an eye on assets that complement its core business and leverage on its strengths. In a filing with the Securities and Exchange Commission, Petron Corp. said it will pursue growth and expansion through changes in internal business processes, adapting to the shifting needs of the market and tapping into new markets and opportunities
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Petrol Stations News
Shocking fuel price hike on the Hungarian horizon
When the government hiked both the excise tax on petrol and the rate of VAT to 25% from 20%, fuel prices rose by a never before seen degree in Hungary. But car owners still cannot relax as another excise tax increase is on its way
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SOCAR to open 30 petrol stations in Ukraine's Odessa
The Ambassador of Ukraine predict a rise in the trade turnover between Azerbaijan and Ukraine to a billion in the coming years
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Greece: ND on law to 'clean up' fuel market
In a question tabled in Parliament this week, main opposition New Democracy asked the government whether it has taken action to implement a law requiring petrol stations to install and use cash registers for all transactions by February 7
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Convenience news
COOP's retail turnover falls to CZK 20.4bn in Jan-Sept 2009
Consumer cooperatives from the COOP group saw retail turnover fall by 4.8 percent year-on-year to Kc20.4bn in Jan-Sept 2009, chairman of the Association of Bohemian and Moravian Consumer Cooperatives Zdenek Juracka informed journalists
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Delek Group mulls Roadchef acquisition from sister company
Delek Group will assume Delek Real Estate's debt taken to acquire Roadchef
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Payment & Card Processing
SEVEN & I 7-Eleven signs extension with Heartland Payment Systems in US
Seven & I-owned 7-Eleven said that it has signed a seven-year contract extension with Heartland Payment Systems, a processor provider for card payments. Under the extension to the current contract, Heartland will continue authorising and settling credit and debit card transactions for more than 5,800 7-Eleven-branded convenience stores nationwide
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Equipment Manufacturer News
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Pinnacle's real-time BoL technology enables petroleum dispatch, load tracking, and real-time BOL processing
The Pinnacle Corporation (Pinnacle) announced that Fuel South of Waycross, GA has successfully completed the roll-out and implementation of Andalé, Pinnacle’s real-time dispatch and bill of lading processing solution
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NORGESGRUPPEN tests low-energy lighting
Norwegian retailer NorgesGruppen and Thon Gruppen have agreed to test low-energy lighting in a variety of stores through a project supported by Enova, to achieve significant energy savings
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