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  • Storage expansion announced for Klaipėda oil terminal
    Latest News
    Storage expansion announced for Klaipėda oil terminal
  • ATS starts operating new Indian storage tank terminal
    Latest News
    ATS starts operating new Indian storage tank terminal
  • Oman Trading buys shares in Kenyan storage & distribution company
    Latest News
    Oman Trading buys shares in Kenyan storage & distribution company
  • Crude oil inventories to increase by mid-2018
    Latest News
    Crude oil inventories to increase by mid-2018



Latest News


Terminal News
June 20, 2017
An expansion of Klaipėda oil terminal, which stores light oil products, has been announced by its management board.The work contracts comprise a major building project, costing €35.9 million, for the expansion of light oil products storage at the facility. This involves...

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Terminal News
June 20, 2017
ATS has started operations at its new tank storage terminal in New Mangalore Port, India.Raftaar Terminals is the first tank terminal at the port to be constructed in stainless steel, with a capacity of 316L and a jetty pipeline making it suitable for all acids....

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Terminal News
June 19, 2017
Oman Trading International has acquired a 40% ownership in Hass Petroleum Group – a Kenyan oil marketing company.The sale will see Hass embarked on strategic growth and expansion plans across the Eastern, Central and Horn of Africa.It will invest the funds from the...

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Terminal News
June 19, 2017
The largest global increase of crude oil inventories is expected in the second quarter of 2018.The EIA's Short-term energy outlook was revised slightly downward following OPEC's announcement of an extension to production cuts for the next nine months.OPEC's crude oil production...

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Terminal News
June 16, 2017
One of the largest oil terminals in the US has been acquired by SemGroup Corporation from investment funds managed by Alinda Capital Partners.The 16.8 million barrel terminal, on 330 acres of land, is located on the US Gulf Coast with pipeline connectivity to the local...

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Terminal News
June 16, 2017
Vitol has completed its acquisition of Petrol Ofisi Holding in Turkey.Petrol Ofisi comprises the largest retail station network of over 1,700 service stations, the largest fuel storage and logistics business in Turkey with more than 1 million m3 of storage capacity. It is...

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Terminal News
June 16, 2017
A crude oil terminal in Oklahoma has been bought by USD Partners to facilitate rail-to-pipeline shipments of crude oil.The terminal in Stroud, which was bought for $25 million, will enable the shipment of crude from USD's Hardisty terminal in western Canada to Cushing, Oklahoma.USD...

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Terminal News
June 16, 2017
Tallgrass Energy Partners plans to develop a crude oil storage terminal following an agreement with Saddle Butte Pipeline.The facility will be situated in the heart of the Platteville, Colorado oil terminal complex and will interconnect with Saddle Butte's Denver-Julesburg...

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Terminal News
June 2, 2017
Oiltanking's Karimun terminal has been approved by S&P Global Platts to be in its Singapore pricing process for gasoil, jet fuel and petrol cargos.In a not to its subscribers, Platts says it will publish offers of oil product cargoes loading from the storage terminal...

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Terminal News
June 1, 2017
Oiltanking has expanded its investment in the port of Bandar Imam Khomeini in Iran with an additional stake in a storage terminal.The company has acquired an additional stake of the indirect ownership in Exir Chemical Terminal PJSCo from Odfjell. This increases Oiltankings...

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Technical News
June 1, 2017
Emerson Automation Solutions has released a single software platform for managing all terminal operational and commercial activity.TerminalManager provides a platform to manage the entire terminal business process, helping operators streamline the loading processes, achieve...

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Technical News
June 1, 2017
Silverwing has launched Scorpion2, incorporating a range of improvements to its first remote-control ultrasonic crawler.The Scorpion has been successfully deployed for 10 years, however the company says that technical advances and increasing market demand required a complete...

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Terminal News
May 31, 2017
Varo Energy will acquire all the shares in the United Fuel Group, with 22 retail service stations in the Netherlands and a wholesale and lubricants business.This follows the acquisition of the Brand Oil and Amigo networks earlier in 2017, bringing Varo's retail footprint...

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Terminal News
May 31, 2017
Discussions for the financing of a second fuel storage terminal in Cyprus are underway and progressing smoothly.According to Cyprus News Agency representatives from the European Investment Bank (EIB) visited the country for a main evaluation mission in in early 2017. The...

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Terminal News
May 31, 2017
Kinder Morgan has secured financing for the Trans Mountain Expansion Project following the completion of its IPO.The company completed its IPO of 102,942,000 restricted voting shares of Kinder Morgan Canada Limited for C$17 per share, generating C$1.75 billion. The closing...

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Terminal News
May 30, 2017
SABIC and ExxonMobil will conduct a detailed study of the proposed Gulf Coast Growth Ventures project for a petrochemical complex in Texas.Both companies agreed to being planning for front-end engineering and design work.A site in San Patricio County, Texas, was selected...

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