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Industry Newsletter | January 27, 2010 Issue
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Top Story

Top Story   A Supply Crunch In The Next 4 - 6 Years Is A Strong Possibility

GlobalData's report on 'Global Financial Credit Crunch: Will it lead to a Global Oil and Gas Supply Crunch' analyzes the oil and gas markets focusing on the effects of the reduction in capital expenditure by oil and gas companies and the delayed and cancelled upstream and downstream projects on the future of the oil and gas industry. The report provides an in-depth analysis of the effects of the credit crisis on the capital expenditure of companies and the current and future projects in the upstream and the downstream sectors.

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Latest Industry News

General News

Iran looks for fuel export markets
Iran aims to export fuel reserves to its neighbors, riding on the success of the 400,000 tons of diesel sent to Iraq in the past nine months
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Property investors fill up on petrol sites in South Africa
Auctioneer sizes up why fuel stations are becoming increasingly popular at real estate auctions
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Alternative and Renewable Fuels

  Toyota expands fuel-cell program with 100 FCHV-adv prototypes for U.S.
Although Toyota is famous for its gas/electric hybrid models such as the Prius, Highlander, and Lexus RX450h, the company’s “sustainable mobility” aspirations do not stop there. Toyota announced that it will build “more than 100” of its Highlander-based FCHV-adv gasoline/fuel-cell hybrids as part of its largest-scale hydrogen demo program ever, one that will place the pricey prototypes in the hands of municipalities, universities, and utility companies in New York and California
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  Tanzania government vehicles to run on compressed gas (CNG)
Tanzania will shift to locally produced natural gas to run state-owned vehicles instead of petrol and diesel
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Oil Company News

OMV reorganizes sales structures within its heating oil business
The repositioning of OMV’s heating oil business is on track: Following the disposal of OMV Bayern GmbH at the end of 2008, its Austrian counterpart OMV Wärme VertriebsgmbH will also be sold by the end of 2010. Thus, OMV is focusing on a simplification of its sale structures: In future, the distribution of heating oil to private customers will be exclusively carried out via so-called OMV brand partners
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Petrol Stations News

Emarat completes conversion from gallon to liter in all its service stations within two weeks only
Emirates General Petroleum Corporation, "Emarat", has completed conversion from gallon to liter in all its service stations in Dubai and the Northern Emirates, in a record time that did not exceed two weeks from the start date which was the first of January, 2010
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ENI Agip buys EXXONMOBIL Esso network in Austria
Italian oil giant Eni, which is present in Austria through Agip, has announced the acquisition of ExxonMobil's downstream business in the country, including a network of 135 Esso retail service stations
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Convenience Retailing

  Emarat signs 5 "Bakeria" and "Fresh Plus" franchise agreements
Emirates General Petroleum Corporation "Emarat" signed five agreements granting UAE investment firms the franchise of its brand "Bakeria" which is specialized in the light meals and pastry, and "Fresh Plus" which represents the modern concept of shopping in a sophisticated way
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Equipment Manufacturer News

Key Innovations signs Trimble MRM as a preferred distributor and service repair partner
Key Innovations has signed a distribution agreement with Trimble’s Mobile Resource Management (MRM) Service and Repair business based in Dallas, TX. Under the agreement, Trimble MRM becomes a Key Innovations preferred distributor and service repair partner for its unattended payment terminals such as its new KST9000 multi-media payment terminal
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  DURAPIPE PLX fuels 1000th UK forecourt
Durapipe UK is celebrating its milestone 1,000th forecourt project with one of the UK’s leading forecourt suppliers, D.Berry & Co. Ltd this month
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Latest Product News
  HecPoll - The Control Center
Communication and analysis - these are the two pillars on which effective filling station management is based. And this is exactly what the Hectronic software HecPoll offers.
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