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  • Fujairah: Oil product stocks down 2.2%
    Latest News
    Fujairah: Oil product stocks down 2.2%
  • Proving process safety at chemical plants
    Latest News
    Proving process safety at chemical plants
  • Vopak reports increased financials as it commissions extra capacity
    Latest News
    Vopak reports increased financials as it commissions extra capacity
  • Groundbreaking starts on Rubis Rotterdam storage expansion
    Latest News
    Groundbreaking starts on Rubis Rotterdam storage expansion



Latest News


Terminal News
April 18, 2019
As of Monday, April 15 total oil product stocks in Fujairah stood at 24.548 million barrels, falling from last week's record high stock level to move down 2.2% week on week, reflecting an overall fall of 540,000 barrels. Falls were seen across all three product categories...

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Terminal News
April 18, 2019
Operating processes at chemical plants safely is of the upmost importance.‘It’s no good saying ‘we’ve been operating this process for 20 years, so we know it is safe’’, says Dr Caroline Ladlow, safety services manager at Kindlow Safety...

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Terminal News
April 17, 2019
Vopak has reported increased financial results as it commissions additional capacity at PT2SB in Malaysia as well as at its greenfield terminal in Panama.The global storage operator reported an EBITDA of €215 million compared to €190 million in the first quarter...

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Terminal News
April 17, 2019
Rubis Terminal has started work on the second expansion phase at its Rotterdam storage facility.The expansion comprises nine stainless steel heated tanks of 1,500 m3 each and six stainless steel tanks, each with a capacity of 3,000 m3 for chemicals.A new berth will be...

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Terminal News
April 16, 2019
Secure Energy Services has acquired a 27% interest in a crude oil storage facility and a 51% interest in a parcel of undeveloped land in Cushing, Oklahoma for $10.4 million.The two tuck-in acquisitions provide the company with a strategic midstream footprint in one of the...

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Terminal News
April 16, 2019
Puma Energy has delivered its 2018 financial results with record sales volumes despite margins being affected by macro-economic headwinds.Sales volume were at record levels at almost 25 million m3, up 9% on 2017 and gross revenue was strong at $18 billion for the year. However,...

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Terminal News
April 16, 2019
Twelve Seas Investment Company has announced plans to acquire Brooge Petroleum and Gas Investment Company, which has a storage terminal in the Port of Fujairah.Twelve Seas, a blank check company formed for the purpose of entering into a business combination, will engage...

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Terminal News
April 16, 2019
Concho Resources and Frontier Midstream Solutions have announced plans to create Beta Crude Connector, a new gathering and transportation system in the Northern Midland Basin in the US.Both companies will each own a 50% equity interest in BCC, with Frontier serving as operator....

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Terminal News
April 15, 2019
President Trump has enacted an executive order to ensure greater consistency and regulatory certainty in the permitting process for energy infrastructure projects.The move will help relieve the backlog of pipeline projects and move forward the country's energy revolution....

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Terminal News
April 15, 2019
Eagle LNG partners has received the final environmental impact statement from the US Federal Energy Regulatory Commission to build the Jacksonville LNG export facility.This is the final step in the environmental review process before the final federal authorization decision...

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Terminal News
April 15, 2019
Saudi Aramco's subsidiary Aramco Overseas will purchase a 17% stake in South Korea's Hyundai Oilbank from Hyundai Heavy Industries Holdings.The investment, valued at $1.25 billion, will support Saudi Aramco's crude oil placement strategy by providing a dedicated outlet for...

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Terminal News
April 15, 2019
Marathon Petroleum will purchase a 900,000-barrel capacity light product and asphalt terminal and 33 retail stores in New York from NOCO Incorporated.The terminal is well positioned to receive supply from the Midwest, Canada or the New York Harbour via multiple supply routes,...

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Terminal News
April 11, 2019
HES Botlek Tank Terminal has announced plans to add six storage tanks for biofuels storage as part of considerable investment in the facility.HES Botlek has contracted SJR Tank Construction following the company's successful completion of seven fully-assembled tanks with...

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Terminal News
April 11, 2019
As of Monday, April 9 total oil product stocks in Fujairah stood at a record 25.088 million barrels rising 7.8% week on week, reflecting an overall gain of 1,811 million barrels - led by an over 1.75 million build in heavy distillate stocks. The previous record...

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Terminal News
April 11, 2019
A strong safety culture is at the heart of Brenntag's chemical distribution operations. The company helps to raise the bar and set the safety standard in the distribution industry for chemicals and is continuously investing in new systems and programmes to not only take...

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Terminal News
April 10, 2019
StocExpo Europe has been hailed a major success after it made a triumphant return to The Ahoy in Rotterdam. The three-day exhibition and conference, which is renowned for attracting the largest global representation of industry professionals under one roof, was attended...

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Terminal News
April 10, 2019
Repsol Downstream Mexico has secured more than 750,000 barrels of storage capacity in three different fuel storage terminals in Mexico.The move is part of the company's plans to grow its downstream business and develop its own downstream logistical network in the country.Repsol...

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Terminal News
April 9, 2019
Texas Deepwater Deer Park Terminal has entered a lease agreement with Shell Oil Products to retrofit and refurbish the Deer Park rail terminal to load refined products on the Houston Ship Channel.Upon completion of the project the terminal will have the capability to load...

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Terminal News
April 8, 2019
Stolthaven Terminals reports steady first quarter 2019 financials as market conditions remained stable.The division of Stolt-Nielsen reported revenue of $63.3 million in its first quarter, essentially unchanged from $63 million in the fourth quarter. A slight decline in...

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Terminal News
April 8, 2019
TransCanada's Keystone XL pipeline has been granted a new Presidential Permit.The permit supersedes the Presidential Permit issued in March 2017 and grants permission for TransCanada to construct, connect, operator and maintain pipeline facilities for the import of oil from...

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Terminal News
April 5, 2019
Vopak has reached an agreement on the sale of its terminals in Algeciras, Amsterdam and Hamburg with First State Investments.The total agreed transaction value of the terminals, with a combined capacity of 2.288 million m3, is €723 million. This divestment follows the...

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Terminal News
April 4, 2019
As of Monday, April 1 total oil product stocks in Fujairah stood at 23.277 million barrels falling 3.5% week on week, reflecting a fall of 855,000 barrels across all three stock reporting categories, with each category showing a fall this week. Stocks of light distillates...

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Terminal News
April 4, 2019
Continued maintenance and training in the management of assets in critical safety service is essential to ensuring storage facilities operate as safely and efficiently as possible.In this highly legislated industry, the consequences of poor maintenance and lack of training...

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Terminal News
April 3, 2019
Vopak, Emerson, EEMUA, Shell and McNetiq are among the winners of the third Global Tank Storage AwardsThe awards ceremony and gala dinner at the Floating Pavilion, Rotterdam, celebrated terminal achievements, equipment innovations as well as individual success.The 2019 event...

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Terminal News
April 3, 2019
Vopak is expanding storage capacity at its Sebarok terminal in Singapore with the addition of three new tanks.The tanks, with a total capacity of 67,000 m3, are due to be commissioned by the end of 2019, according to Platts.The expansion is ahead of anticipated...

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Terminal News
April 3, 2019
Vopak and its partner Global Ports Investments have divested their 100% share ownership in the joint venture Vopak E.O.S to Liwathon.The terminal operates total storage capacity of 1.026 million m3 in the Port of Tallinn and includes the railway company E.R.S, a wholly owned...

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Terminal News
April 3, 2019
Investigations have been launched following a massive fire at Intercontinental Terminals Company's Deer Park storage facility.The blaze, which started on March 17, took more than three days to extinguish and engulfed 11 aboveground storage tanks containing a variety of hydrocarbons...

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Terminal News
April 1, 2019
As of Monday, March 25 total oil product stocks in Fujairah stood at 24.132 million barrels rising 0.8% week on week, breaching the 24 million barrel level for the first time since the highest total stock level was recorded of 24.4 million barrels, seen on July...

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Terminal News
April 1, 2019
The Port of Corpus Christi Commission has approved a 50-year lease agreement with Lone Star Ports for 200 acres to develop a petroleum export terminal.The state-of-the-art export facility, a joint venture between the Carlyle Group and the Berry Group, will connect US crude...

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Terminal News
April 1, 2019
Saudi Aramco has signed a share purchase agreement to buy a 70% majority stake in SABIC from the Public Investment Fund of Saudi Arabia for $69.1 billion.The remaining 30% publicly traded shares in SABIC are not part of the transaction, and Saudi Aramco has no...

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Terminal News
April 1, 2019
A storage facility in Maine has agreed to reduce its emissions and pay a fine after it violated certain provisions of the Clean Air Act.Global Companies, which has a facility in South Portland that stores oil and asphalt, has reached a settlement with the US...

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