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GLOBAL GLOBAL OIL DEMAND SET TO DROP FIRST TIME IN DECADE ON VIRUS Global oil demand will drop this quarter for the first time in over a decade as the coronavirus batters China’s economy, the International Energy Agency said. THESE OIL COMPANIES ARE LEADING THE INDUSTRY'S GREEN TRANSFORMATION Oil and gas companies know the clock is ticking to become greener as investor demand for climate action mounts. However, some are in a better spot to curb their emissions than others.
MEMBER UPDATE GREENERGY ANNOUNCES MERGER WITH CANADA’S BG FUELS 12 February 2020 - Greenergy, an international supplier of transportation fuels, and BG Fuels, a leading Canadian gasoline and convenience retailer today announce their merger. By combining Greenergy’s supply chain expertise and growing independent dealer offer, and BG Fuels’ national retail brand management and site operation capabilities, the merger will create economies of scale and provide the industry with greater choice and flexibility for fuel supply and retail branding.
Greenergy CEO, Christian Flach, with Joe Calderone, BG Fuels CEO, joining the board. Christian Flach, Greenergy CEO explained, “Since entering the Canadian market in 2013, Greenergy has invested in strategic infrastructure in Ontario to deliver low-cost and resilient fuel supply to customers, and also introduced two new retail brands for the independent dealer market. The merger with BG Fuels will allow us to extend our supply footprint and retail offer across Canada, enabling significant future growth. The experience and resources of both businesses will further strengthen our retail offer to the independent dealer market.” Joe Calderone, BG Fuels CEO commented, “Our extensive retail experience and commitment to consumers has seen BG Fuels become a leading fuel and convenience retailer in Canada. We look forward to leveraging Greenergy’s proven supply chain capabilities to enhance our portfolio of service stations across Canada.”
BG Fuels will be integrated into Greenergy over the course of the year. The combined business will be led by
Canadian Independent Petroleum Marketers Association | Connection 2020 |
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CHANGE CLIMATE POLICY NOW TO AVERT OIL MARKET CRISIS, WARNS THINKTANK The oil industry is at risk of a global market shock that could halve the vax. UK GOVERNMENT ANNOUNCES MILLIONS IN FUNDING FOR ‘LOW CARBON’ HYDROGEN PRODUCTION The U.K. government announced £28 million ($36.47 million) in funding on Tuesday (February 24) for five projects focused on hydrogen production. DOVER FUELING SOLUTIONS AND SHELL INTRODUCE SELF-CHECKOUT KIOSK Dover Fueling Solutions, a part of Dover Corporation and a leading global provider of advanced customer-focused technologies, services and solutions in the fuel and convenience retail industries, has recently partnered with Shell to codevelop and roll out Self-Checkout Kiosk across a number of Shell fueling stations in the Netherlands in order to reduce queues and improve the purchasing experience for its customers. Canadian Independent Petroleum Marketers Association | Connection 2020 |
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