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BP drops pornographic magazines

BP will not proceed with acquisition of Woolworths’ fuel network

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BP Australia will not continue with the proposed acquisition of Woolworths’ retail fuel and convenience business, originally announced on 28 December 2016. Despite its best efforts, BP has determined the transaction cannot be structured to meet its strategic objectives. The decision does not deter BP Australia from its strategy to transform the retail convenience sector […]

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Caltex investigates alternative energy sources

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Caltex is investigating alternative energy sources in response to a decline in the need and demand for petrol the Sydney Morning Herald reported. At Caltex’s annual general meeting, chairman Steven Gregg said: “We will look to transform to other forms of energy and other forms of business”. “There is no question electric vehicles are coming,

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ACCC probe into petrol prices

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The ACCC will undergo an investigation into Australia’s petrol price cycle. Amid petrol prices hitting a three-year high, the ACCC aims to investigate the price hike after discovering the industry’s profit margins are at an all-time high. Petrol price cycles will be the main focus of the investigation. The investigation is scheduled to begin later

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