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The Latest Breaking News from Prax Group

Prax Lindsey oil refinery to stop standalone operations after Phillips 66 sale

Phillips 66 said it had decided to not restart standalone refinery operations at the Lindsey site because it was not ‘viable in current form’.

The Independent UK

Over 100 jobs to go at Lindsey oil refinery as union slams government

The owner Prax Group collapsed earlier this year

The Independent UK

Loan ‘irregularities’ led to collapse of Prax Lindsey oil refinery

Administrator was appointed after parent company State Oil given new information about £783m loan

The Guardian - UK

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Minister insists fuel supplies not under threat despite oil refinery closure

Michael Shanks pledged to support the workers who are facing redundancy, but the Government is unlikely to improve the statutory redundancy offer.

Evening Standard

Prax Lindsey oil refinery owners urged to ‘do decent thing’ for workers

UK government writes to husband and wife team amid concerns finding buyer for insolvent plant will be difficult

The Guardian - UK

‘The bubble had to burst’: the inside story of the Lindsey oil refinery collapse

Prax Group’s sudden demise surprised some, but others saw ‘a house of cards’ built on a thirst for debt-fuelled growth

The Guardian - UK

Labour accused of 'breath-taking hypocrisy' over English oil refinery rescue

ED Miliband has been accused of "breath-taking hypocrisy" as the UK Government is reportedly working to rescue an English oil…

The National (Scotland)

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Government demands investigation after Lindsey oil refinery owner collapses

Energy minister Michael Shanks said the firm’s collapse was ‘deeply concerning’ and the company had left the Government with ‘little time to act’.

Evening Standard

Urgent concerns over UK fuel supplies as oil refinery owner collapses

Energy Minister Michael Shanks said the firm’s collapse was ‘deeply concerning’

The Independent UK

Prax swoops for oil exploration company Hurricane Energy to support refining and distribution

Lindsey Oil Refinery owner completes strategic move

Birmingham Post

Prax looks towards cleaner fuels and methods with revenues of £4.6b in first year of refinery operations

Lindsey Oil Refinery was taken on in early 2021 with a £195m loss turning to a £3m profit

Birmingham Post

Prax Group enhances liquidity position as refinery welcomes carbon capture scheme success

Significant additional headroom to counter high prices and support future growth

Birmingham Post

Prax Group buys new vessel to carry Lindsey Oil Refinery marine fuel to UK and European ports

Fortuna II arrives seven months after big sister Fortuna I was welcomed

Birmingham Post

Prax Group buys tanker to bolster Lindsey Oil Refinery trade

Fortuna I welcomed to the group's Harvest Energy Marine fleet

Birmingham Post

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