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Latest storage news


Terminal News
January 15, 2018
LBC Tank Terminals to build new Texas storage terminal
LBC Tank Terminals will build and operate a new storage terminal in Freeport, Texas.The operator has finalised agreements with MEGlobal Americas, which owns the land, to design, engineer, construct and operate the new facility, which will be adjacent to MEGlobal's monoethylene glycol manufacturing plant and connected by pipeline...

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LBC Tank Terminals will build and operate a new storage terminal in Freeport, Texas.

The operator has finalised agreements with MEGlobal Americas, which owns the land, to design, engineer, construct and operate the new facility, which will be adjacent to MEGlobal's monoethylene glycol manufacturing plant and connected by pipeline.

LBC Freeport Terminal will be an integrated part of MEGlobal's supply chain, secured through a long-term contract and pipeline connection. The main products to be handled are monoethylene glycol and diethylene glycol.

Work on the facility started in August 2017 and the facility is due to be operational during 2019.

John Grimes, regional business president Americas for LBC, says: 'With over 30 years of historical experience in handling glycols, this project opportunity fits our portfolio and investment risk models and is aligned with our business strategy to further optimise, build-out and expand our business.

'This project very much fits our expertise in constructing, managing and operating chemical terminals and we look forward to a successful business partnership with MEGlobal.'



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Terminal News
January 11, 2018
Fujairah: Oil product stocks rise 14%
Total refined oil product stocks at the UAE port of Fujairah stood at 17.412 million barrels in the week to January 8, up 13.5% from the previous week, and setting a three-month high, as all three distillate categories rose, according to latest data from the Fujairah Energy Data Committee, or FEDCom...

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Total refined oil product stocks at the UAE port of Fujairah stood at 17.412 million barrels in the week to January 8, up 13.5% from the previous week, and setting a three-month high, as all three distillate categories rose, according to latest data from the Fujairah Energy Data Committee, or FEDCom.

The biggest rise came from middle distillates, which jumped by 56% or 744,000 barrels, to an eight-week high of 2.07 million barrels. The middle distillate markets are currently stronger compared to petrol and fuel oil, supported by cold weather in the US and parts of Europe, S&P Global Platts Analytics said in a report.

Indian gasoil cargoes have reportedly been diverted to the US East Coast, which would indicate tight supply in the Atlantic basin, the report said. Supply in the Middle East is also expected to tighten, following the announcement that Saudi Aramco will shut a 200,000 b/d crude distillation unit at the Satorp refinery from January 8 for 46 days of planned maintenance. Satorp has a nameplate capacity of 400,000 b/d and is one of the region's major gasoil exporters.



The Middle East continues to send volumes of jet fuel to Europe. According to data from cFlow, S&P Global Platts trade flow software, jet fuel cargo arrivals into Northwest Europe from East of Suez ports averaged around 1.2 million mt/ month in 2017.

Stocks of light distillates also rose by 16.2% to a 20-week high of 6.268 million barrels. The front-month timespread for Arab Gulf 95 RON gasoline was at a contango of minus 38 cents Tuesday, which is consistent with a seasonally weaker petrol market currently seen globally. The shift into a contango structure supports higher stocks levels, but underlying demand in the Middle East is still seen as healthy, S&P Global Platts Analytics said.

Stocks of heavy distillates and residues rose by 5.2% or 448,000 barrels to 9.074 million barrels, supported by a weakening front-month timespread for Arab Gulf 180 CST, which pushed further into a contango over the past week. Bunker demand in Fujairah was reported as lackluster in recent days amid a continued rise in crude prices. Pakistan State Oil has also reportedly cancelled its fuel oil import tenders for February, and will not issue further tenders until June at the earliest, instead relying on domestic fuel oil supply.

The decline comes after the startup of a new LNG import terminal last year at Port Qasim, which has led the government to restrict fuel oil use in the power sector due to environmental and political considerations. PSO typically tenders for up to 500,000 mt of fuel oil loading from Fujairah every month, and its withdrawal from the market could negatively impact the market for utility grade fuel oil.



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Terminal News
January 10, 2018
StocExpo Europe announces all new features for 2018 show
StocExpo Europe, the industry's leading event for the tank terminal industry, returns to Rotterdam in March, stronger than ever.Leading the market for nearly 15 years and boasting more than 200 exhibitors, the three-day event has confirmed several new initiatives for 2018 including the Engineers of the Future zone, the Innovation in Storage showcase and a special seminar programme presented by EEMUA...

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StocExpo Europe, the industry's leading event for the tank terminal industry, returns to Rotterdam in March, stronger than ever.

Leading the market for nearly 15 years and boasting more than 200 exhibitors, the three-day event has confirmed several new initiatives for 2018 including the Engineers of the Future zone, the Innovation in Storage showcase and a special seminar programme presented by EEMUA.

Day one will welcome a series of workshops on the show floor from The Engineering Equipment and Materials Users Association (EEMUA). These will cover a range of topics, from updates to the industry standard EEMUA 159, to ways to make tank storage safer through inspection, validation and maintenance techniques.

On day two, the Innovation in Storage showcase will be hosted by iTanks, a Netherlands-based knowledge and innovation platform for the tank storage sector. A series of inspiring presentations, covering topics ranging from the future of robotics to sustainability, will be entirely free of charge for all StocExpo Europe attendees.

Running parallel to this will be a Start Up Zone allowing new entrants to the tank storage sector the opportunity to exhibit at a special introductory rate.

For day three, the all-new Engineers of the Future session is specifically designed to solve the problem of the ageing workforce. StocExpo Europe will invite the highest calibre students from local engineering and technology universities to hear first-hand how a career in tank storage can offer a multitude of benefits.

The dedicated programme on the show floor includes presentations from successful professionals in the industry, designed to inspire a new generation of talent. Budding engineers will then listen to an intensive introduction to the world of tank storage, followed by access to the recruiter clinic. This will provide a unique opportunity to find out what recruiters are looking for, enhance their CV and learn invaluable interview techniques.

Alongside these new features, StocExpo Europe will be hosting its widely recognised three-day high level conference programme. Key speakers include Alfons Kuylen, senior safety advisor operations, Gunvor Petroleum Antwerp; Sally Martin, vice president of HSSE for downstream operations, Shell; Christopher Beale, process safety expert, BASF and Jaap Koomen, general manager, Burgan Cape Terminals.

Within the conference programme and all-new for 2018 is the terminal of the future stream. This will cover digitalisation, the Internet of Things, drones in action at the terminal and ways to utilise 3D terminal modelling.

The programme will also have a dedicated session on safety, including ways to reduce incidents at the terminal, improving process safety at the terminal and lessons learnt from the chemical industry.

'Having spent time with our stakeholders understanding what they're looking to achieve by attending StocExpo Europe, we're delighted to be addressing these issues,' says Nick Powell, divisional director at Easyfairs. 'These include helping to recruit new talent through the Engineers of the Future zone, providing more information on new technologies via the Innovation Showcase and allowing brand new exhibitors to exhibit on the show floor via the Start Up Zone.'

StocExpo Europe will be held in Rotterdam on 20-22nd March. Following day one of the event will be the 2nd edition of the Global Tank Storage Awards. For more information and to register to exhibit or attend please visit www.stocexpo.com or contact Nick Powell on +44 (0)20 3196 4301.



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Terminal News
January 10, 2018
Voting for Tank Storage Outstanding Achievement Award open
Voting is now open for the 2018 Tank Storage Outstanding Achievement Award. The award is the only one that is voted on by the industry. The other categories will be decided by the Tank Storage Awards panel of judges, consisting of representatives from BP, Oiltanking, LBC, Shell, VTTI, InterTerminals, Vopak & Koole...

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Voting is now open for the 2018 Tank Storage Outstanding Achievement Award.

The award is the only one that is voted on by the industry. The other categories will be decided by the Tank Storage Awards panel of judges, consisting of representatives from BP, Oiltanking, LBC, Shell, VTTI, InterTerminals, Vopak & Koole.

The shortlist includes:

• Rutger van Thiel, CEO, Alkion Terminals

• Prakash Chopde, former chairman, Artson Engineering

• Walter Wattenbergh, group CEO, LBC Tank Terminals

• H.P.S. Ahuja, CEO, Indian Strategic Petroleum Reserves Limited

• Vikraman KK, general manager, Tristar Terminals Guam

• Thomas Overbeck, managing director, Timm Elektronik

Voting closes on the 9th February 2018.

To read the nominations in full and to vote visit: www.tankstoragemag.com/awards-vote/

Nominations are still open for other categories in the 2018 Global Tank Storage Awards. These include:

Excellence in terminal optimisation

Excellence in environmental protection technology

Most innovative technology

Best terminal supplier

Outstanding terminal safety technology award

Best port

Biggest commitment to environmental protection award

Safety excellence in bulk liquid storage award

Most efficient storage terminal award

Employee of the year award

Award for the best terminal to work for in 2018

The closing date for submitting a nomination for these categories is February 9, 2018. For more information, visit www.tankstoragemag.com/awards.



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Technical News
January 9, 2018
CST Industries acquired by Solace Capital Partners
Solace Capital Partners, a private equity firm focused on special situations investments has acquired CST Industries.CST Industries, the world's largest and leading tank and dome manufacturer, provides storage systems, complementary or independent cover products, proprietary coating and lining services, field installation, inspection, maintenance and retrofit proficiency, to a wide range of end markets...

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Solace Capital Partners, a private equity firm focused on special situations investments has acquired CST Industries.

CST Industries, the world's largest and leading tank and dome manufacturer, provides storage systems, complementary or independent cover products, proprietary coating and lining services, field installation, inspection, maintenance and retrofit proficiency, to a wide range of end markets.

Christopher Brothers, managing partner at Solace, says: 'As global demand for storage tanks and covers increases, we believe CST is well positioned to leverage its scale, unique engineering and manufacturing experise, strong and growing order backlog and significantly strengthened balance sheet to meet the needs of its customers worldwide.'

Tim Carpenter, CEO of CST, adds: 'This is an exciting new chapter for our company. Over the past 18 months, we have made significant operational improvements across all facets of the business, enhancing our safety, quality, delivery, manufacturing proficiency, responsiveness and customer satisfaction.'



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Technical News
January 9, 2018
Alliance Tank Service (ATS) Group has bought Willbros Tank Services in a move to move to expand resources for steel tank construction and repair.The expanded company will operate as ATS Group and will have offices in Cushing, Oklahoma, Tulsa, Oklahoma and Channelview, Texas...

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Alliance Tank Service (ATS) Group has bought Willbros Tank Services in a move to move to expand resources for steel tank construction and repair.

The expanded company will operate as ATS Group and will have offices in Cushing, Oklahoma, Tulsa, Oklahoma and Channelview, Texas.

ATS president and CEO John Allcorn says: 'With the acquisition of Willbros Tank Services, we are excited to be able to offer our customers expanded resources for steel tank construction and tank repair.

'Combining Willbros' team with ATS', we'll be collectively stronger, safer, more reliable, and more responsive to customers. ATS' and Willbros' individual strengths will dovetail nicely and allow us to expand workflow and widen our geographical reach.'

Alliance Tank Service (ATS) is a turnkey tank service provider that offers aboveground storage tank construction, API 653 tank repairs, civil and structural engineering design, concrete foundation design, in-house drafting, cathodic protection, secondary containment, piping and consulting services.



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Terminal News
January 9, 2018
SemGroup to sell asphalt business to Ergon
SemGroup Corporation will sell its asphalt business SemMaterials Mexico to Ergon Asfaltos Mexico HC.The assets include 14 in-country terminals and two national laboratories. It is the largest supply of liquid asphalt cement products and product application services in the country and had a presence in every Mexican territory...

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SemGroup Corporation will sell its asphalt business SemMaterials Mexico to Ergon Asfaltos Mexico HC.

The assets include 14 in-country terminals and two national laboratories. It is the largest supply of liquid asphalt cement products and product application services in the country and had a presence in every Mexican territory.

SemGroup intends to use proceeds from the $70 million sale towards its capital raise plan associated with the acquisition of Houston Fuel Oil Terminal Company, and to pre-fund capital growth projects.

President and CEO Carlin Conner says: 'Divesting these non-core legacy assets is an important step as we raise capital and clearly define our portfolio of uniquely-advantaged midstream services on the Gulf Coast, Mid-Continent and in Canada.'



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Terminal News
January 8, 2018
Zenith acquires storage terminal assets from Shell
Zenith Energy has acquired a liquids storage terminal facility in Hamburg, Germany from Shell.The facility, located on 55 hectares of land in the Port of Hamburg, serves as a refined product import and blending terminal in North Germany. It has an expected storage capacity of over 480,000 m3 for petrol, diesel and jet fuel...

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Zenith Energy has acquired a liquids storage terminal facility in Hamburg, Germany from Shell.

The facility, located on 55 hectares of land in the Port of Hamburg, serves as a refined product import and blending terminal in North Germany. It has an expected storage capacity of over 480,000 m3 for petrol, diesel and jet fuel. It also has inbound and outbound ocean vessel, barge, rail and truck and pipeline connectivity.

Following the transfer of ownership, Shell will remain a significant customer of the terminal.

The transaction is expected to close in the first half of 2018.

Jeffrey Armstrong, CEO of Zenith, says: 'This is a natural progression in our growth strategy and underscores our commitment to expand into key European markets. We are excited to be working with Shell.'

This acquisition represents Zenith's third terminal in Europe, with its other assets in Ireland and Amsterdam.



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Terminal News
January 8, 2018
EVX Midstream Partners will build and operate a new crude oil gathering system in Texas.The system in McMullen County is expected to be in service during the second quarter of 2018 and will comprise a gathering over 20,000 dedicated acres and a storage terminal with connectivity to Eagle Ford JV Pipeline...

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EVX Midstream Partners will build and operate a new crude oil gathering system in Texas.

The system in McMullen County is expected to be in service during the second quarter of 2018 and will comprise a gathering over 20,000 dedicated acres and a storage terminal with connectivity to Eagle Ford JV Pipeline.

The development also helps to position EVX for additional, long-term growth opportunities.

Herb Chambers IV, president and CEO of EVX, says: 'This new-build large diameter gathering system complements our existing assets, adds a substantial long-term acreage dedication to our portfolio and will ultimately allow us to serve a broader base of customers.

'We continue to evaluate additional Eagle Ford, Gulf Coast and Permian opportunities and look forward to executing our growth projects in 2018.'



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Terminal News
January 4, 2018
Andeavor acquires Permian Basin storage assets
Andeavor plans to acquire Rangeland Energy II, including pipeline and storage assets in the Delaware and Midland Basins.The assets include a recently-constructed crude oil pipeline, three crude oil storage terminals and a frac sand storage and truck loading facility...

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Andeavor plans to acquire Rangeland Energy II, including pipeline and storage assets in the Delaware and Midland Basins.

The assets include a recently-constructed crude oil pipeline, three crude oil storage terminals and a frac sand storage and truck loading facility.

The company plans to integrate the acquired 110-mile crude oil pipeline and crude oil storage terminals with its nearby Conan crude oil gathering system, which is currently being built.

Once fully integrated, the combination of the two systems will provide producers with access to multiple markets by connecting to existing takeaway pipeline systems.

This will also support Andeavor's development of additional gathering systems in the area, as well as enhancing commercial opportunities by providing direct access to the Midland market hub.



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Terminal News
January 4, 2018
Tallgrass announces significant storage terminal developments
Tallgrass Energy Partners has announced its terminals business is making two acquisitions and several commercial developments to expand its range of services.Tallgrass Terminals plans to acquire a 51% membership interest in the Pawnee, Colorado crude oil terminal from Zenith Energy for $31 million...

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Tallgrass Energy Partners has announced its terminals business is making two acquisitions and several commercial developments to expand its range of services.

Tallgrass Terminals plans to acquire a 51% membership interest in the Pawnee, Colorado crude oil terminal from Zenith Energy for $31 million.

It is an injection point for the Tallgrass Pony Express Northeast Colorado Lateral with 300,000 barrels of storage and backed by minimum commitments of 90,000 barrels per day. This transaction is expected to close in the first quarter of 2018.

Additionally, Tallgrass Terminals has acquired a 38% interest in Deeprock North, which owns a crude oil terminal facility for $19.5 million.

Following the acquisition, Deeprock North was merged into Deeprock Development. Following this, it now owns a larger and more diverse terminalling complex with total storage capacity of four million barrels. Tallgrass owns 60% of the combined entity and retains significant strategic and commercial control.

In addition to these acquisitions, the company has made several commercial developments to expand the variety of services offered by Pony Express in key crude oil producing basins. It recently secured committed shipper contracts for crude oil transportation and expects record volume throughput in January.

Also in January, the company expects to bring in service two new refinery connections.

Once complete the Pony Express will have six different supply sources and five different crude oil streams.

David G. Dehaemers, president and CEO of Tallgrass Energy, says: 'With news of increasing crude oil production in basins Pony Express serves, we're even more confident that utilization of our pipeline will continue to increase in the future.'



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Terminal News
January 4, 2018
Fujairah:  Oil product stocks drop 9.5%
Total refined product stocks at the UAE port of Fujairah stood at 15.344 million barrels in the week to January 1, down 9.5% from the previous week and at a seven-week low after a large draw of heavy distillates, according to latest data from the Fujairah Energy Data Committee, or FEDCom...

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Total refined product stocks at the UAE port of Fujairah stood at 15.344 million barrels in the week to January 1, down 9.5% from the previous week and at a seven-week low after a large draw of heavy distillates, according to latest data from the Fujairah Energy Data Committee, or FEDCom.

Stocks of light distillates rose 12.7% week on week to an 11-week high of 5.392 million barrels. Activity in the petrol market was limited over the past week as the year-end holidays led to subdued trading, with some expectations that petrol is on the cusp of a seasonal correction, having been relatively strong in the early part of the winter season, S&P Global Platts Analytics said in a report.

Front-month petrol swaps for both the Singapore and Arab Gulf markets flipped into a contango of minus 18 cents on the first trading day of the year. The Middle East petrol market continues to show healthy demand, but it is increasingly being met by arbitrage barrels coming from the West, sources said.

This could change, after Saudi Arabia, the region's largest market unveiled higher domestic petrol prices - up as much as 127% - effective from January 1. However, the impact on demand is expected to be limited in the near term, Platts Analytics said.

Stocks of middle distillates fell by 29.5% week on week or 556,000 barrels to 1.362 million barrels. Stock levels have remained persistently low since falling below 2 million barrels on November 20, 2017. A cold weather snap has boosted prices and drawn down stocks in Europe, but arbitrage economics to move gasoil West of Suez remain unappealing, the report said.

Heavy distillate and residues stocks also tumbled 16.1% to a seven-week low of 8.626 million barrels. Inventories have fallen around 3.7 million barrels over the past four weeks despite a flat market structure, which may suggest a rebound in the coming weeks, according to Platts Analytics.



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Terminal News
January 4, 2018
Navigator to expand pipeline and storage assets
Navigator Energy Services is expanding the Glass Mountain Pipeline system with additional pipeline and storage capacity.The company, in partnership with BlackRock Real Assets, bought the pipeline system for $600 million, which delivers crude to a one million barrel GMP owned storage facility at Cushing, Oklahoma...

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Navigator Energy Services is expanding the Glass Mountain Pipeline system with additional pipeline and storage capacity.

The company, in partnership with BlackRock Real Assets, bought the pipeline system for $600 million, which delivers crude to a one million barrel GMP owned storage facility at Cushing, Oklahoma.

Navigator is expanding the system by constructing an additional 44 miles of pipeline further into the STACK play, and will also add an additional 250,000 barrels of storage capacity.

The expansion is expected to be operational in February 2018. Once complete, the system will include pipeline capacity of 210,000 barrels of oil per day and 1.8 million barrels of storage.

The company says that in support of the significant volume growth within the STACK/Merge and Woodford resources plays, it plans to further expand the footprint and overall capacity of the system.

Working with producer partners, substantial new gathering infrastructure is also anticipated.

It adds: 'The considerable scale of the existing GMP system and its ability to segregate multiple grades of crude allows Navigator to offer customers a fulsome, differentiated suite of services to transport and store crude oil.'



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Terminal News
January 3, 2018
Final investment decision on Gulf Coast Express Pipeline project
Kinder Morgan Texas Pipeline, DCP Midstream and an affiliate of Targa Resources have a final investment decision to proceed with the Gulf Coast Express Pipeline project.The consortium has executed definitive joint venture agreements and have secured sufficient firm transportation agreements with shippers...

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Kinder Morgan Texas Pipeline, DCP Midstream and an affiliate of Targa Resources have a final investment decision to proceed with the Gulf Coast Express Pipeline project.

The consortium has executed definitive joint venture agreements and have secured sufficient firm transportation agreements with shippers.

Around 85% of the project capacity is subscribed and committed under long-term, binding transportation agreement, and the partners expect that the remaining capacity will be subscribed by early this year.

The $1.7 billion project is designed to transport up to 1.92 billion cubic feet per day of natural gas. It originates at the Waha Hub near Coyanosa, Texas in the Permian Basin and terminating near Agua Dulce, Texas.

It is expected to be in service in October 2019 and construction is planned to start in the first quarter of 2018.



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Terminal News
January 3, 2018
Oiltanking Odfjell Terminal Singapore changes shareholders
One of the ultimate shareholders of Oiltanking Odfjell Terminal Singapore has completed the transfer of its shares in the facility to an infrastructure fund managed by Macquarie Infrastructure and Real Assets (MIRA).Odfjell Terminals has completed the share transfers following the announcement in May last year of its intent to sell...

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One of the ultimate shareholders of Oiltanking Odfjell Terminal Singapore has completed the transfer of its shares in the facility to an infrastructure fund managed by Macquarie Infrastructure and Real Assets (MIRA).

Odfjell Terminals has completed the share transfers following the announcement in May last year of its intent to sell.

Following the transfer, the terminal's name has been changed to Oiltanking Singapore Chemical Storage. Both Oiltanking and MIRA each have a 50% shareholding in the facility.

The terminal, on Jurong Island, offers 82 tanks with capacities ranging from 800 m3 to 18,000 m3, making up a total capacity of 402,000 m3.



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Terminal News
January 3, 2018
Zenith Energy has completed the acquisition of Arc Logistics Partners, with some equity from Warburg Pincus and Kelso and other investors financing the deal.Zenith US received a line of equity of up to $625 million led by Warbug Pincus and Kelso, alongside management and other investors...

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Zenith Energy has completed the acquisition of Arc Logistics Partners, with some equity from Warburg Pincus and Kelso and other investors financing the deal.

Zenith US received a line of equity of up to $625 million led by Warbug Pincus and Kelso, alongside management and other investors. Some of this is being used to finance the acquisition.

Zenith plans to further develop Arc's existing 21 terminals and focus on new developments throughout North America.

Zenith International will continue to pursue further expansion opportunities in key international markets.

Jeff Armstrong, CEO of Zenith, says: 'We are very pleased to have successfully completed the acquisition of Arc Logistics, which gives us a strong foothold into the US terminaling market with 21 terminals in 12 states, providing critical services to a broad range of customers in key markets across the country.'



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Terminal News
January 3, 2018
Glencore completes sale of HG Storage stake
Glencore has completed the sale of a 51% interest in HG Storage International (HGSI) to HNA Innovation Finance Group.HGSI is a new entity that has consolidated Glencore's petroleum products storage and logistics businesses into a global portfolio of high-calibre assets, located in strategic trading hubs across Europe, Africa, the Middle East and the Americas...

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Glencore has completed the sale of a 51% interest in HG Storage International (HGSI) to HNA Innovation Finance Group.

HGSI is a new entity that has consolidated Glencore's petroleum products storage and logistics businesses into a global portfolio of high-calibre assets, located in strategic trading hubs across Europe, Africa, the Middle East and the Americas.

Glencore and HNA has also interested into a second agreement, whereby three of the original transaction assets located in the US will be transferred into HGSI in 2018.

Of the original purchase price of $775 million, $579 million was closed at the end of December.

HGSI plans to expand its footprint globally through acquisitions and organic growth supported by its shareholders.



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Terminal News
January 3, 2018
Shell Midstream buys 5 US storage terminals
Shell Midstream Partners has acquired five products terminals and a partial interest in four pipelines.The company entered into a purchase and sale agreement to acquire from wholly owned subsidiaries of Shell for five products terminals as well as partial interest in two Gulf of Mexico corridor pipelines and two strategic onshore pipelines for $825 million...

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Shell Midstream Partners has acquired five products terminals and a partial interest in four pipelines.

The company entered into a purchase and sale agreement to acquire from wholly owned subsidiaries of Shell for five products terminals as well as partial interest in two Gulf of Mexico corridor pipelines and two strategic onshore pipelines for $825 million.

The acquisition closed in December 2017.

The assets include:

- 100% interest in Triton West, which owns the Anacortes, Colex, Des Plaines, Portland and Seattle products terminals, which all have take-or-pay contracts with wholly owned subsidiaries of Shell.

- A 22.9% interest in Mars Oil Pipeline Company and a 22% interest in Odyssey Pipeline, both of which serve high growth areas in the Gulf of Mexico. Shell Midstream owns 71.5% of Mars and 81% of Odyssey.

- A 10% interest in Explorer Pipeline Company and a 41.48% interest in LOCAP.



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Terminal News
January 3, 2018
Varo Energy has acquired NWB Nord-und Westdeutsche Bunker, an inland and coastal supplier of marine gasoil, diesel and lubricants in Germany.The acquisition from Bomin Bunker Holding bolsters Varo's strategy to grow its activities in the fuels value chain by building a network of refineries, storage tanks and distribution channels...

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Varo Energy has acquired NWB Nord-und Westdeutsche Bunker, an inland and coastal supplier of marine gasoil, diesel and lubricants in Germany.

The acquisition from Bomin Bunker Holding bolsters Varo's strategy to grow its activities in the fuels value chain by building a network of refineries, storage tanks and distribution channels.

Once complete, the move will expand Varo's activities in Northern Germany with the addition of eight bunker locations in Hamburg, Cologne, Minden, Bremen, Passau, Brunsbüttel, Brake and Magdeburg as well as seven barges and two bunker stations.

The total added bunker capacity will be 3,000 m3, bringing total capacity to 21,000 m3.

Varo is a significant plater in the European inland waterways bunkering business in the Netherlands and Germany, operating under Reinplus Fiwado.

The transaction is expected to be complete during the first quarter of 2018.

Roger Brown, CEO of Varo, says: 'The assets we are acquiring from Bomin Bunker fit well into our growth strategy and enables us to geographically expand our presence in order to better serve our customers looking to buy bunker fuels or lubricants in Northern Germany.'



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Terminal News
December 20, 2017
TransMontaigne has completed the acquisition of the Martinez and Richmond Terminal from Plains All American Pipeline.As a result of the acquisition, TransMontaigne has expanded its storage and terminaling footprint into the San Francisco Bay Area refining complex...

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TransMontaigne has completed the acquisition of the Martinez and Richmond Terminal from Plains All American Pipeline.

As a result of the acquisition, TransMontaigne has expanded its storage and terminaling footprint into the San Francisco Bay Area refining complex. Plains will continue to operate the terminals on behalf of TransMontaigne until it receives all permits and approvals necessary to operate the terminals. This is expected to be complex by the end of February 2018.



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