Recent Fuel Cards News

BP Sells Malaysian Businesses - 01/09/2010

BP has hit the headlines again today with the confirmation that it will sell two of its’ Malaysian businesses. Many reports speculate that this is to finance the costs associated with Gulf of Mexico oil spill, however, BP has outwardly denied that the sale is to finance such costs and is adamant the sale had been in the pipeline long before the Gulf of Mexico tragedy.   Although the actual figures of the sale remain unpublished at this moment it time, some reports suggest that the sale of the two Malaysian plants could raise over £230million, this deal is expected to finalised by the end of 2010. BP has been under considerable pressure since the disaster which began in April 2010. The Fuel giant has pledged to take full responsibil...

UK Road Transport Industry Concerns - 01/09/2010

Worrying news today hits the UK haulage industry. The number of UK haulage firms has lowered below levels recorded in 1999 and the road haulage industry is continuing to decline on last year- with the amount of goods being carried falling significantly. This decline derives from the difficult economic climate the UK has experienced during the past two years. The downturn has caused a large decrease in HGV activity across the UK and is thought to link with the lowered output also suffered by the manufacturing and construction industries. Reports state that during 2009 there were less UK hauliers travelling to Europe, while the number of foreign vehicles on UK roads increased drastically. Recently published statistics show that over ...

CO2 Emissions Drop By Almost Six Percent - 01/09/2010

The UK’s CO2 emissions and carbon footprint feature regularly in the news. For countless businesses there is little alternative in many cases but to drive, and due to this business fleets are often under fire when considering CO2 emissions. Although businesses frequently receive a bad press with regards to carbon footprint, statistics show that they are in fact reducing mileage; between 2007 and 2009 the use of company vehicles lowered by more than eight percent, a decrease on average of over 1000 miles per vehicle, while private vehicles were reported to have lowered by three and a half percent. Many fleet managers advocate that business vehicles should not be at the brunt of CO2 campaigning, because the bulk of business vehicles are...

The Future of Oil Industry - 31/08/2010

In April 2010 the tragic events of the BP oil spill in the Gulf of Mexico began. The catastrophe resulted in the tragic death of eleven men and gallons of oil seeping into the sea. The situation was rapidly highlighted as a state of emergency because of the risk to the environment and nature, commercial fishing quickly stopped and local fisherman became concerned for their livelihood. This terrible event has brought major concerns to the industry, emphasising the need for increased safety regulations and strict guidelines surrounding deep sea drilling. The future of the oil industry is now under scrutiny. The importance of regulations and the ability to work co-operatively is under fire, many believe sloppy regulations may have been a...

North Sea Oil Find - 27/08/2010

It seems that Greenland isn’t the only oil site to be discovered this week. Wintershall a German company has revealed that they have discovered a new location in the North Sea (just off the coast of Aberdeen) which is rich with oil. Wintershall have said that this find could help attain targets to increase the gas and oil output levels for the North Sea area. They remain positive about the opportunity in this area and believe there could be significant potential in this area even compared to major sites like Brazil. Wintershall made a considerable discovery in July with oil finds off the coast of Norway worth billions of barrels of oil; however reports suggest that future projects will see the German company move from the North Sea to...