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Industry Newsletter | March 24, 2010 Issue
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Editor's Choice

Picture   Is Petronas on the right track?

Many nations blessed with rich resources have enjoyed economic booms, but many have also been cursed by it. So what is Malaysia's standing among the world matrix of oil-producing nations, and how well are we managing our oil revenue?

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Latest Industry News

General news

  PetroForum opened its doors today - report from Kuala Lumpur, 7pm local time
The first PetroForum for Asia Pacific opened its doors today at the Saujana Hotel, a beautiful oasis on the fringes of Kuala Lumpur, Malaysia's dynamic capital. With delegates representing 47 countries from around the world, the event provides the focus for new international partnerships and renewed friendships.
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Messe Frankfurt joins forces with IFEMA - First joint "Motortec Automechanika Ibérica" to be held in 2011
The two trade fair organisers are combining their strongest automotive shows to form the leading event for the Iberian aftermarket
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  Kuala Lumpur to Host Leading Oil Companies from Asia Pacific, Africa and the Middle East for a 2-day Forum
On March 23rd, The Saujana Hotel in Kuala Lumpur will open its doors to welcome nearly 200 oil companies and petroleum retail vendors from around the world to a prestigious business forum
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EU refers Shell asset sale in Greece to Greek authorities
The European Commission (EC) decided to refer to the Greek Competition Authority the examination of a proposed acquisition of Shell's activities in the Greek oil sector by Motor Oil of Greece
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Torex and Epta confirmed as main conference sponsors for Insight NACS FUTURE OF CONVENIENCE 2010 event
Insight Research will be hosting its annual international convenience store and petroleum retail industry event, in London, Dublin and Paris, September 20-24th, in association with NACS, the international association for convenience and petroleum Retailing
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Alternative & renewable fuels

  Building on what we know
We are committed to offshore wind power because we want to use our expertise and background to create value where we have a competitive edge," said Margareth Øvrum during Statoil’s energy seminar in Bergen
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Oil company news

  NIS: Production of fuel is of European quality
The goal of the NIS (Serbia Petrol Industry) is to become acknowledged leader in its sphere in the Balkan region in view of dynamics of stable growth and increased efficiency with application of high level of social and ecological responsibility as well as contemporary standards
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  Initial public offering of Statoil's energy and retail business
Statoil’s Board of Directors has decided to start a process to list its energy and retail business on the Oslo Stock Exchange
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Petrol stations news

Jamaica: Some petrol stations resisting price display boards
During February the Consumer Affairs Commission (CAC) survey of petrol stations showed that of the 197 service stations visited, 35 displayed prices only on the pumps while 17 had no display boards at all
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SUNOCO to display TV screens at the pump
Sunoco and Gas Station TV, a leading digital television network at the pump, have announced their official partnership
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More forecourt closures in 2009 – lowest number ever
The latest Retail Marketing Survey, conducted by the Energy Institute (EI), shows that, after a slight rise in 2008, the number of forecourts in the UK has fallen from 9,283 to a new low of 9,013 in 2009. This is compared to 1967’s all-time high of 39,958 forecourts
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Convenience retailing

  Emarat launches a major promotional campaign
Emarat has launched a new promotional campaign allowing Emarat’s customers to win valuable prizes, including a weekly prize of a 50 inch plasma tv, with a home theatre system. Grand prize includes complete package to see the World Cup semi final & final in South Africa for two people
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DENNY’S partnering with PILOT TRAVEL CENTERS
Denny's Corporation has been chosen as the full service restaurant operator for Pilot Travel Centers (Pilot), one of the largest forecourt operators in the US, located across 41 states. Pilot is in the process of merging with Flying J Travel Centers (Flying J), subject to final approval by the Federal Trade Commission (FTC). Up to 140 Flying J Travel Centers across North America could have their full service restaurants converted to Denny’s
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  COUCHE-TARD expects US convenience store shake-out
Couche-Tard expects to see a shake-out in the US convenience store sector in the coming month
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CARREFOUR France to supply TOTAL petrol stations?
Carrefour and Total are reportedly in talks regarding an agreement for Carrefour to supply food in some Total petrol stations
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Fuel storage & transportation

SMARTFLEX products by nupigeco selected for new sites by Oman Oil in OMAN
Smartflex has been selected by Oman Oil for their new sites thanks to its double wall fully coaxial piping and fittings system and the latest international and local approvals
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Equipment manufacturer news

Indigo and Edensure sign Strategic Partnership
Indigo announced the company has entered into a strategic partnership with Edensure, a wholly owned subsidiary of Brulines Group plc. Taking data seamlessly from the Indigo EPoS, the combination will allow a fully integrated solution for wet stock data analysis. One of the key benefits is the use of real time data that automatically updates the Edensure system from the EPoS
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Cylingas wins ISO9001:2008 certification for world-class quality standards
Cylingas, a subsidiary of Emirates National Oil Company (ENOC) that specializes in providing infrastructure facilities to the oil & gas industry such as storage tanks, pressure vessels, gas cylinders, and silos, has achieved an ISO 9001:2008 certification for upholding the highest quality standards across its breadth of services
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Brulines announces the acquisition of ‘Energy Level Systems’ and strategic partnership with ‘Indigo Retail Technology’
Brulines Group plc, the market leading provider of real time monitoring systems and data management services for the UK leisure sector, is pleased to announce that it has agreed to acquire Energy Level Systems Ltd ("ELS"), the UK distributor of OPW Fuel Management Systems tank gauging solutions based in Market Harborough, from Astoncrest Consultants Limited
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Latest Product News
  Project Future - Fuel terminal HecStar becomes even more versatile
Hectronic intensively developed the fuel terminal HecStar in recent months. The work was well worth it and three important functions were added to the already extensive repertoire, namely the remote approval, administration of vouchers and credit as well as the connection to further software modules.
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