Michael Shanks said more than 80 investors had put forward plans for the refinery, which is due to close in the summer.

The UK’s energy minister has said he is “hopeful” that an announcement on investment in Grangemouth will come soon. Michael ...

In response to the impending closure, the UK Government, the Scottish Government and Petroineos started work on what became ...

Labour’s Michael Shanks says SNP’s anti-nuclear policy is costing Scotland thousands of skilled jobs as UK Government boosts nuclear ...

More than 400 jobs were lost at the oil refinery as owners Petroineos transitioned it to a fuel import terminal. The company said the facility was losing large amounts of money every day.

The decision was announced last year by owner Petroineos, citing the financial unsustainability of the facility. In response to the impending closure, the UK Government, the Scottish Government ...

Yet, coming so soon after further job cuts were announced by oil and gas giant Harbour Energy in Aberdeen, a move blamed by the company on the UK Government ’s energy profits levy, the proposed cuts ...

The strength in fuel markets contrasts with crude oil prices falling to a four-year low in May, after OPEC+ unwound output cuts faster than planned. It also suggests demand has so far proved resilient ...

Oil prices have spiked on the back of a lower-than-expected OPEC+ production hike, wildfires in Canada, and rising ...