Unrealistic Victorian road map could force closure of Geelong refinery: Viva

Unrealistic Victorian road map could force closure of Geelong refinery: Viva

4 years ago
The head of major fuel refiner Viva Energy has criticised the Victorian government’s COVID-19 road map as unrealistic, warning the company may be forced to close its Geelong oil refinery for good if restrictions are not eased by November. Viva has been mulling its options for the Geelong site since the virus and its related restrictions on both international and local travel wiped out demand for fuel. However, the recent stage three and four lockdown […]
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7-Eleven picks CHEP as its new creative agency, ending 15-year relationship with Leo Burnett

4 years ago
7-Eleven has announced CHE Proximity as its new lead creative agency, following a pitch which began at the beginning of 2020. The decision ends the relationship with Leo Burnett Melbourne, which had worked with the brand for 15 years. Following a competitive pitch, CHE Proximity was awarded end-to-end strategic and creative services for the business which has more than 700 stores across the country, making the third-largest private company in Australia. 7-Eleven GM of customer […]
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Petrol prices fell to two-decade low in June quarter, according to ACCC

4 years ago
Petrol prices fell to their lowest level in more than two decades for the June quarter, as pandemic restrictions hit the industry hard. In the Australian Competition and Consumer Commission’s latest petrol monitoring report released this week, the average retail price for the quarter across Sydney, Melbourne, Brisbane, Adelaide and Perth was just 109 cents per litre (cpl) – a significant 28.8cpl drop from the March quarter. In response, retailers hiked up their retail margins […]
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Ampol service station loss

Ampol’s oil refinery sinks to loss as virus drains fuel demand

4 years ago
Australian fuel supplier Ampol has detailed the severity of COVID-19’s impact on its operations as travel restrictions wipe out demand and send its oil refinery sinking to a loss of nearly $60 million. Ampol, formerly Caltex Australia, told shareholders on Tuesday it was suffering “unprecedented challenges” amid the pandemic’s devastating effect on petrol and jet fuel consumption so far this year as flights remain grounded and cars parked in driveways. The company’s benchmark underlying profit […]
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nick and his son

Petrol king takes over Adelaide tower in $175m deal

4 years ago
Petrol king turned property magnate Nick Andrianakos has consolidated his family’s commercial property footprint in Adelaide, acquiring a Flinders Street office tower from Cbus Property for $175 million. The purchase of 50 Flinders Street, on a yield of around 6.5 per cent, is the biggest office investment so far for the family company, Nikos Property Group. It stands next to Santos House at 60 Flinders Street, which Nikos bought two years ago from Lendlease for […]
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