Viva Energy boss sees lockdown fuel slump until 2022

Viva Energy boss sees lockdown fuel slump until 2022

3 months ago
Australian fuel supplier Viva Energy expects ongoing lockdowns to continue hammering petrol, diesel and jet fuel demand for the rest of the year, but the vaccine rollout is lifting its confidence about the path to a more normal 2022. Viva, which runs Australia’s Shell-branded petrol stations, on Tuesday reported its profit had jumped 87 per cent in the June half as the country started emerging from the harsh lockdowns of 2020 that wiped out sales […]
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Petrol prices could rise, thanks to $2.3 billion oil refinery handout

7 months ago
Motorists could end up paying more money for petrol under a new government plan to pay oil companies up to $2.3 billion to bolster Australia’s fuel security. Prime Minister Scott Morrison on Monday detailed how taxpayers will prop up the nation’s two remaining oil refineries, claiming production subsidies and infrastructure funding will improve national security and shield motorists from higher prices. But experts said the plan, which is designed to ensure Australia doesn’t become totally […]
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Federal support package targets Ampol (ASX:ALD) and Viva (ASX:VEA)

7 months ago
Two S&P/ASX 200 Index (ASX: XJO) fuel companies have been targeted by the Federal Government’s newly announced Fuel Security Package (FSP). Both the Ampol Ltd (ASX: ALD) share price and Viva Energy Group Ltd (ASX: VEA) share price will be in focus following the news. At the time of writing, the Ampol share price is 5% higher, trading at $27.25. The Viva Energy share price is up 5.2%, currently trading at $2.10. The FSP is […]
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Viva’s Lost Wages as Pandemic Bites

9 months ago
Viva Energy has followed its rival Ampol in revealing the damage done to the refining, distribution and retailing of oil and petrol products by COVID. Ampol’s Monday full year results showed a bigger loss at its Lytton refinery, lower revenues, a lower dividend that would have been bigger if not for higher sales and earnings from its chain of convenience stores attached to fuel stations. Viva, which operates the former Shell refinery in Geelong and […]
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Viva Energy enters strategic partnership with HYZON Motors

10 months ago
Fuel and energy services supplier, Viva Energy, has entered a strategic alliance with HYZON Motors. HYZON, established as a new business of Horizon Fuel Cell Technologies, leverages Horizon’s almost two decades of experience in hydrogen fuel cell development including the supply of around 500 hydrogen fuel cell systems powering zero-emission trucks and buses to customers globally. HYZON’s next-generation Gen-3 automotive fuel cell technology has been confirmed as the highest power density fuel cell stack in […]
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