Ampol nears decision on Lytton refinery
Ampol said it was close to a call on whether to keep Lytton refinery in Brisbane open or convert it into an import facility.
Ampol said it was close to a call on whether to keep Lytton refinery in Brisbane open or convert it into an import facility.
Ampol has delivered a $175m profit in the first three months of the year, but that might not be enough to save Lytton.
Fuels retailer Ampol has vented frustration over Australia’s haphazard response to COVID-19 outbreaks.
Court documents reveal Ampol was repeatedly put on notice by Chevron over the use of its trademark.
The future of one of Australia’s three remaining oil refineries is still in doubt despite a smaller than expected quarterly loss.
Speculation that Couche-Tard may have another crack at Ampol may change with the Canadian giant’s lunge for Carrefour.
A chain of petrol stations has lobbed a legal bomb at Ampol, saying it wouldn’t have signed a deal if it knew the Caltex brand was being dumped.
Policy reforms from all levels of government are needed to ensure development of a range of technologies and alternative fuels, says Ampol chief Matt Halliday.
Ampol has given itself until June 2021 to make a decision on the future of Lytton.
Australian petroleum company Ampol — formerly Caltex Australia — has delayed a decision about its Lytton Oil Refinery in Queensland.
ASX hits highest point since February as US futures rise, and as Ampol announces buyback and big miners perform strongly.
The prospect of no Australian oil refineries from next year loomed large from Ampol’s musings on Monday.
Australia’s fuels sector has been dealt a further blow with more than 100 jobs cut due to the slump in demand for jet fuel.
BP’s move to end production at Kwinana and turn it into an import terminal is a new blow to the government’s energy security policy.
Ampol reports a big fall in third-quarter profit after heavy refinery losses, as it reviews the future of its Lytton facility.
With the government still putting the final touches to its energy security plan, it’s an excellent time to be raising warning flags.
Ampol may shut its Brisbane refinery and instead import fuel, amid losses caused by the pandemic’s hit to demand.
Signs are emerging around the market that large-scale mergers and acquisition activity in Australia could soon be returning.
Ampol chief commercial officer Louise Warner has quit the fuel retailer to join Canada’s takeover suitor Couche-Tard.
Afterpay and QBE led the ASX to losses of 1.8pc at the close, while economists noted a dovish shift from the RBA at its latest meeting.
Original URL: https://www.theaustralian.com.au/topics/ampol/page/6