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  • Flexible approach critical for balanced oil market
    Latest News
    Flexible approach critical for balanced oil market
  • Dialog Group starts third phase of Pengerang Deepwater Terminals
    Latest News
    Dialog Group starts third phase of Pengerang Deepwater Terminals
  • Freeport LNG receives FERC approval for natural gas liquefaction train
    Latest News
    Freeport LNG receives FERC approval for natural gas liquefaction train
  • Challenges and opportunities for Mediterranean storage operators
    Latest News
    Challenges and opportunities for Mediterranean storage operators



Latest News


Terminal News
May 20, 2019
Critical uncertainties in trade negotiations, monetary policy developments and geopolitical challenges remain despite global oil markets achieving more balance.During its 14th meeting, OPEC's Joint Ministerial Monitoring Committee observed that since January 2019, average...

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Terminal News
May 20, 2019
The Dialog Group has started construction work on the third phase of the Pengerang Deepwater Terminals.The third phase comprises common tankage facilities for a storage terminal, including shared infrastructure and deepwater marine facilities.According to local news reports,...

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Terminal News
May 17, 2019
Freeport LNG has received approval from the US Federal Energy Regulatory Commission to site, construct and operate a fourth natural gas liquefaction train. This train will be integrated into its existing natural gas liquefaction and LNG export facility on Quintana Island...

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Terminal News
May 17, 2019
Storage operators in the Mediterranean are facing a range of development opportunities, thanks to IMO 2020 as well as challenges with declining gasoline demand. Considerable activity is happening around the IMO 2020 regulation, which comes into effect on January 1, 2020,...

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Terminal News
May 16, 2019
As the number and severity of hurricanes has increased in the US in recent years, Rama Challa from Matrix PDM Engineering explains how lessons learned from previous weather events have helped continuously shape the industry’s response A new study1 has revealed that...

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Terminal News
May 16, 2019
As of Monday, May 13 total oil product stocks in Fujairah stood at 23.832 million barrels. Overall product stocks edged up by 0.5% with a modest build in residual stocks balanced by declines in light and middle distillates. Stocks of light distillates fell by 2.9% week...

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Terminal News
May 15, 2019
As all sectors within the European Union work towards tackling the climate change challenge, Giorgia Manno, senior policy advisor at FuelsEurope, explains how Vision 2050 sets out the steps the refining sector would take, provided an enabling regulatory framework is in place,...

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Terminal News
May 15, 2019
Brooge Petroleum & Gas Investment Company (BPGIC) and Sahara Energy Resources have announced plans to build an oil refinery to produce bunker fuel in Fujairah.The companies say that the facility, which will be capable of producing bunker fuel with a capacity of up to...

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Terminal News
May 14, 2019
Shell Midstream Partners plans to acquire Shell's 25.97% equity interest in Explorer Pipeline Company and 10.125% equity interest in Colonial Pipeline Company for $800 million.The acquisition will increase Shell Midstream Partners' interest in Explorer to 38.59% and in Colonial...

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Terminal News
May 14, 2019
Capital spending on oil and gas supply bounced back in 2018 following three consecutive years of decline.According to the International Energy Agency's World Energy Investment 2019 report, while global energy investment stabilised in 2018, investment stalled for energy efficiency...

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Terminal News
May 13, 2019
The 14th annual technical conference and exhibition oil terminal returns to St. Petersburg, Russia in November to discuss advanced design and operational excellence.The conference brings together more than 350 delegates, including from oil and gas trading, storage, and shipping...

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Terminal News
May 13, 2019
Inter Pipeline's bulk liquid storage segment reported improved financial results thanks to the storage terminals it acquired in the UK and Netherlands from NuStar.The company's storage segment – Inter Terminals – generated funds from operations of $26.8 million...

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Terminal News
May 13, 2019
Prostar Capital has acquired an oil storage terminal facility on Saint Eustatius from NuStar Capital for $250 million.The terminal on Saint Eustatius, in the Caribbean, comprises 60 commercial tanks and associated deep water jetties and pipelines, with a total storage capacity...

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Terminal News
May 13, 2019
IFM Global Infrastructure Fund is set to acquire Buckeye Partners in a transaction valued at $6.5 billion equity value.Buckeye owns and operates one of the largest diversified networks of integrated midstream assets, including 6,000 miles of pipeline with more than 100 delivery...

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Terminal News
May 9, 2019
ExxonMobil will expand the Fawley refinery in the UK to increase production of ultra-low Sulphur diesel by almost 45%.The investment, which also includes logistics improvements, will help reduce the need to import diesel into the UK, which imported about half of its supply...

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Terminal News
May 9, 2019
Marathon Petroleum and Andeavor Logistics have entered into a definitive merger agreement where Marathon will acquire Andeavor in a unit-for-unit transaction.This agreement represents an equity value of $9 billion and an enterprise value of $14 billion for the acquired entity....

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Terminal News
May 9, 2019
Jay Leduc and Kevin Maloney explain how a 150-year-old energy company advanced sustainability efforts and reduced utility costs by applying thin, flexible solar panels to Sprague’s existing petroleum tanks – and share how other tank owners can do the same. The...

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Terminal News
May 8, 2019
Odfjell Terminals has reported an increase in its EBITDA as it experiences stable utilisation and performance during the first quarter of 2019.The terminal division of Odfjell SE reported EBITDA of $7 million compared to $5 million in the fourth quarter of 2018.Odfjell Terminals...

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Terminal News
May 8, 2019
Pedro Miras, chairman of the Spanish Strategic Petroleum Reserves Corporation explains the importance of the strategic storage of petroleum products in the event of a crisis For more than 40 years, security of supply has been a central topic in the energy debate among hydrocarbon...

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Terminal News
May 8, 2019
Alkion Terminals has completed a landmark refinancing of its debt facilities from a group of blue-chip international lenders.The term loans and ancillary facilities amount to €255 million and refinance the previous financing package of existing €185 million raised...

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Terminal News
May 7, 2019
Axpo and German LNG Terminal have signed a heads of agreement for a long-term capacity contract for the LNG terminal in Brunsbuettel in northern Germany.Axpo's LNG services include physical LNG supply, diversion rights, profit sharing, financial hedging structures, cancellation...

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Terminal News
May 3, 2019
The Tallgrass Pony Express Pipeline has announced a new pipeline project to support crude oil production in northern Weld Country, Colorado. The Hereford project will include approximately 30 miles of new 12-inch pipeline, as well as expanded capacity on the Pony Express...

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Terminal News
May 2, 2019
Chevron USA has completed the acquisition of the Pasadena Refining System from Petrobras America for $350 million.The refining system is a 466-acre complex in Pasadena, Texas and adds a second refinery to Chevron USA's Gulf Coast downstream business, which also includes...

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Terminal News
May 2, 2019
ExxonMobil has announced plans to invest $2 billion to expand its Baytown, Texas chemical plant, which will allow the company to enter the linear alpha olefins market.The expansion, which is expected to start up in 2022, includes a new Vistamaxx performance polymer unit,...

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Terminal News
May 2, 2019
As of Monday, April 29 total oil product stocks in Fujairah stood at 25.749 million barrels hitting a fresh record high over last week's stock levels. Overall product stocks rose 2% adding 496,000 barrels largely led by a build of over 1 million barrels in the...

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