2 February 2012 Vopak and Stolt-Nielsen could form JV for Indian project
Two of the world’s biggest storage companies, Vopak and Stolt-Nielsen, are rumoured to be joining forces to build a terminal in Mundra, Gujarat, worth $120 million (€91 million).
Read More >>
2 February 2012 ITC Rubis Terminal in Antwerp increases capacity
ITC Rubis Terminal Antwerp, a venture between French company Rubis Terminal and US business Intercontinental Terminals Company and Asian Mitsui & Co, says it is to increase its...
Read More >>
1 February 2012 Sinopec inaugurates oil reserve base
Petroleum and petrochemical company Sinopec Group has begun operations at its crude oil reserve base in China's Hebei province.
The base has a storage capacity of 3.2 million m3; it...
Read More >>
1 February 2012 CLH announces 2012 investment plan
Spain's largest storage operator, CLH, will invest approximately €100 million during 2012 to expand and improve its infrastructures.
The majority of the budget - €58...
Read More >>
1 February 2012 Inter Pipeline earmarks $475m for bulk liquid storage sector
Canada-based energy infrastructure business Inter Pipeline Fund is to spend a total of $751 million (€572 million) throughout 2012, it announced on 30 January. Of this, over $470 million will...
Read More >>
31 January 2012 Pertamina develops crude storage terminal in Kalimantan
State-owned oil company PT Pertamina is planning to build a $450 million (€340 million) centralised crude oil terminal in the Indonesian territory of Lawe-Lawe, Kalimantan.
The...
Read More >>
31 January 2012 Tethys Petroleum opens new oil terminal
Tethys Petroleum officially opened its Aral Oil Terminal on 30 January, with the first commercial shipments expected in February.
Located in Kazakhstan, the new terminal comprises...
Read More >>
30 January 2012 NuStar's 2011 financial results higher than in 2010
For the year ending 31 December 2011, terminal and storage facility operator NuStar Energy has announced that its distributable cash flow, EBITDA and operating income was higher than the same...
Read More >>
26 January 2012 Coryton refinery shipments start
Fears of fuel shortages have been eased after shipments were restarted at Coryton oil refinery in Essex.
Administrators have signed a deal...
Read More >>
26 January 2012 Aegis launches marine division
Indian logistics provider Aegis Group has launched a marine products division. The new division aims to provide complete solutions to marine community which would include extensive range of bunker...
Read More >>
25 January 2012 Cushing may gain 8 million barrels of storage in 2012
Oil storage facilities in Cushing, Oklahoma, will gain 7 million to 8 million barrels of additional capacity in 2012 as rising supply creates ‘bottlenecks’ at the pricing point for...
Read More >>
25 January 2012 Kinder Morgan oil spill under investigation
Kinder Morgan suffered an oil spill at its Abbotsford tank farm, Vancouver, on 24th January.
The spill was in a containment area and the only threat to residents...
Read More >>
24 January 2012 Petroplus to file for insolvency
Swiss oil refiner Petroplus is preparing to file for insolvency after being unable to reach an agreement with lenders.
Despite attempting to reach a deal to reopen credit lines in...
Read More >>
20 January 2012 Rubis acquires 50% of Turkish Delta Petrol
French terminal operator Rubis has completed the project announced last July to purchase 50% shareholding in Delta Petrol, which owns and operates the largest independent oil terminal located in...
Read More >>
19 January 2012 Major oil refinery to close in US Virgin Islands
One of the world's largest oil refineries will close next month, the company has announced, threatening to upend the reeling economy of the US Virgin Islands.
Industry analysts...
Read More >>
19 January 2012 US rejects Keystone XL Canada oil sands pipeline
The US state department has formally recommended the rejection of a controversial crude oil pipeline.
The state department denied a permit for the 1,600-mile (2,700km) Keystone XL...
Read More >>
18 January 2012 One Anametrics to in new refinery and tanks
One Anametrics, a cooperative of petroleum specialists, international and Thai bankers and an energy innovator from Russia, is to invest in a new type of oil refinery, worth Bt 12 billion...
Read More >>
17 January 2012 Norway’s Statoil to send second tanker from Europe to Asia
Norway’s Statoil ASA chartered a supertanker to transport crude from the North Sea to Asia, increasing planned European oil shipments to the region to 6 million barrels over...
Read More >>
17 January 2012 New oil pipeline for Sri Lanka
A new oil pipeline will replace the old oil pipeline carrying oil from Colombo Port to Kolonnawa, and preliminary work has been started in this regard by the Storage Terminal Company under the...
Read More >>
16 January 2012 Iran to build first private oil export terminal
Iran plans to build its first privately financed oil-export terminal at a port on the nation‘s western coast, citing the managing director of National Iranian Oil Terminals.
Read More >>
13 January 2012 Pengerang gearing up to become regional oil storage hub
Earmarked as an up- and-coming oil storage hub for Asia, Johor's Pengerang is expected to see a step up in activities this year, with Malaysian companies led by Petronas committed to investing...
Read More >>
13 January 2012 Odfjell in Chinese terminal venture
Odfjell’s subsidiary Odfjell Terminals Asia (Singapore) is to develop a terminal together with marine facilities at Nangang (Tianjin).
This will be achieved...
Read More >>
13 January 2012 Trafigura and ETP to direct Eagle Ford liquids storage
A Trafigura subsidiary has acquired rail and dock terminals in Corpus Christi, Texas, and also announced an alliance with Energy Transfer Partners LP (ETP) to jointly coordinate transportation and...
Read More >>
12 January 2012 SOCAR AURORA Fujairah Terminal commissions first tanks
SOCAR AURORA Fujairah Terminal has completed phase one of its 641,000 m3 terminal and the first cargo from SOCAR Trading, Geneva is expected within days.
Commercial...
Read More >>
11 January 2012 Iran stores more oil at sea as trade pressure grows
The volume of Iranian crude oil stored at sea has risen to as much as 8 million barrels and is likely to increase further as the Islamic Republic struggles with sanctions and a seasonal refinery...
Read More >>
11 January 2012 Inter Pipeline closes deal for four Danish Oil petroleum terminals
Inter Pipeline Fund says it has closed a deal to buy four petroleum terminals in Denmark from a subsidiary of Dong Energy A/S.
Read More >>
10 January 2012 Petroplus runs out of cash, crude and time
Swiss-based refiner Petroplus Holdings is struggling to avoid bankruptcy, after credit lines have been gradually withdrawn since late December.
With three out of five refineries...
Read More >>
9 January 2012 Shell's China venture to build Tianjin fuel storage
A joint venture between Royal Dutch Shell’s China units and Tianjin State Farms Agribusiness Group will build a 200,000 m3 oil products storage facility in the northern city of...
Read More >>
9 January 2012 Oil refinery completes acquisition
Indianapolis-based Calumet Specialty Products Partners has completed the acquisition of TruSouth Oil in Louisiana. The oil refinery company says the deal will expand its warehouse space and tank...
Read More >>
6 January 2012 Plains All American acquires Western Refining assets in US
Plains All American Pipeline has completed its acquisition of the Yorktown Terminal and Jal Pipeline in the US from Western Refining for about $220 million (€172 million).
The...
Read More >>
5 January 2012 TransMontaigne sells stake in BOSTCO
US-based TransMontaigne Partners has sold its 50% interest in the Battleground Oil Specialty Terminal Company (BOSTCO) project to a unit of Kinder Morgan Energy Partners.
The BOSTCO...
Read More >>
|
