A protest against the closure of Grangemouth
The death knell for UK energy security
The end of Grangemouth and Lindsey oil refineries marks a worrying trend across Europe amid cost and transition pressures
The closure of the 150,000b/d Grangemouth refinery and the insolvency of the owner of 110,000b/d Lindsey refinery highlight the growing threat to the UK’s energy security posed by increased dependence on refined product imports. The UK boasted 18 operational refineries around 1970, but only four will remain after the shutdown of Grangemouth and Lindsey. This marks a sharp decline that underlines the fragility of domestic refining capacity and the country’s increasing exposure to global supply shocks. Grangemouth, built by Scottish Oils in 1924 before being bought by BP, stopped crude processing operations at the end of April. In 2023, current owner Petroineos—a joint venture between UK chemi
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
