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Nuevo Midstream Dos has entered into an agreement with an affiliate of ArcLight Capital Partners to buy Republic Midstream.Republic owns and operates a crude oil gathering, storage and intermediate transportation system in the Eagle Ford Shale.Nuevo Midstream plans to expand...

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A large fire at Intercontinental Terminals Company’s chemical storage facility in Deer Park has been extinguished. The blaze, which lasted for almost four days, was successfully put out overnight Tuesday according to a statement from the company and firefighters. According...

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Vitol has acquired a further 50% of VALT, the bitumen joint venture with Sargeant Marine.Once complete, VALT with be 100% owned by Vitol and will be integrated into Vitol's core trading business.The acquisition will make Vitol a leader in the trading, storage and marine...

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Global Petro Storage has entered into an agreement with the Port of Amsterdam to develop a railcar connection on land adjacent to GPS' existing storage facility.GPS intends to develop a rail connection to the public network and to points across Europe that will increase...

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A large fire at a petrochemical storage facility in Deer Park continues to rage into the third day as it spread to multiple tanks.The fire at the Intercontinental Terminals Company's Deer Park facility started on Sunday, March 17 and spread to several chemical storage tanks,...

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StocExpo Europe's new divisional director has high ambitions to take it to the next level as the event prepares to celebrate its 15th anniversary serving the bulk liquid storage sector.Mark Rimmer has worked in energy exhibitions for more than 12 years and plans to use...

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An affiliate of ArcLight Energy Partners has announced plans to acquire American Midstream Partners as part of a definitive agreement and plan of merger.Under the agreement ArcLight will acquire all outstanding common units of American Midstream not already held by the company...

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Macquarie Infrastructure and Real Assets and West Street Infrastructure Partners, managed by Goldman Sachs, have completed the acquisition of HES International.The companies have acquired HES International from Riverstone Holdings and the Carlyle Group. The new shareholders,...

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Sinopec has started operations at four berths at its Yangpu oil products terminal.The facility in Hainan has four specialised oil product berths, including one 100,000 tonnes-class berth, two 50,000 tonnes-class berths, and one 10,000 tonnes-class berths.The annual handling...

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As of Monday, March 11 total oil product stocks in Fujairah stood at 21.641 million barrels. Inventory levels edged down by 0.4% or 94,000 barrels week on week. Stocks of light distillates fell by 5.4% week on week. Total volumes rose by 591,000 barrels to stand at...

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Marshall Mott-Smith, vice president of the NISTM, explains why a continued focus on environmental protection is important for the bulk liquid storage industry and what is in store at this year’s NISTM For the last 21 years, the NISTM (National Institute for Storage...

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Petrobras has completed the sale of its entire equity interest in Petrobras Paraguay Distribución, Petrobras Paraguay Operaciones y Logística and Petrobras Paraguay Gas SRL to the Copetrol Group.The companies sold operate in Paraguay in the distribution and...

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The US will drive global oil supply growth over the next five years as a result of its flourishing shale industry.According to the International Energy Agency's (IEA) annual oil market forecast, the strength of its shale industry in the coming years will trigger a rapid...

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Technological innovation has the potential to transform the role of a storage terminal from a run and maintain facility to one that continuously improves its processes and operations.Embracing an innovative spirit can not only help deliver value both financially but can...

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An international arbitration tribunal has ordered the government of Venezuela to pay ConocoPhillips $8.7 billion in compensation for the government’s unlawful expropriation of ConocoPhillips’ investments in the country in 2007. The ICSID tribunal ruled in 2013...

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The most prominent challenges, developments and solutions in the global tank terminal industry have been announced as the focus of StocExpo Europe 2019. IMO 2020, the rise of new technologies - AI, cyber-security and automation - geopolitical uncertainty and the energy...

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Rio Grande LNG has secured a lease agreement with the Brownsville Navigation District for land to build an LNG export terminal.The lease agreement, which covers an 984-acre parcel of land in Cameron County, Texas, carries an initial term of 30 years, with two options to...

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India's first East Coast regas project, Ennore LNG terminal, has been commissioned by Indian Oil Corporation.Prime Minister Narendra Modi led the dedication ceremony to the LNG import terminal at Kamarajar Port in Tamil Nadu. Once complete, the terminal will have a capacity...

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As of Monday, March 4 total oil product stocks in Fujairah stood at 21.547 million barrels. Inventory levels fell 2.3% or 513,000 barrels week on week based mainly on a draw down in volumes of heavy residues. Stocks of light distillates rose by 5.1% week on week....

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ExxonMobil has shipped the first Group II base stocks from its newly expanded Rotterdam refinery, which is the first world scale producer of Group II base stocks in Europe.This makes ExxonMobil the only Group I and II base stocks producer with significant manufacturing assets...

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GrainCorp has entered into an agreement to sell its Australian bulk liquid terminals to ANZ Terminals for $350 million.The bulk liquid terminals business in Australia was acquired by GrainCorp in 2012 as part of the acquisition of Gardner Smith. It operates eight liquid...

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Gibson Energy plans to build an additional 500,000 barrels of new capacity at its Hardisty Terminal.The announcement follows the signing of a long-term agreement with an investment grade customer, the closing of the divestitures of Wholesale Propane and non-core Environmental...

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Korea Midland Power and Vitol have signed an MoU to explore upstream, midstream and downstream project opportunities in LNG.Under an existing long-term supply and purchase agreement signed in 2015, Vitol agreed to supply Komipo with 400,000 tonnes of LNG annually for 10...

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Navigator Energy Services is significantly expanding its Glass Mountain Pipeline System, including adding new segregated crude grades and additional storage and transportation capacity.The project will include multiple new origin points, and new market access at Cushing,...

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ADNOC has signed an agreement with South Korea's SK Engineering and Construction to build the world's largest underground crude oil storage facility.The underground facility will have the capacity to store 42 million barrels of crude oil in Fujairah in the UAE.The EPC contract...

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Blanca André Ordax from the European Commission has been announced as one of the key speakers at this year's FETSA AGM conference & exhibition.Ordax will be speaking on the topic of the energy transition at the event in Tarragona from June 12-13.Other key speakers...

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Singapore LNG Corporation has completed modifications to its secondary jetty at its terminal on Jurong Island.The company is now able to receive and reload small LNG ships of between 2,000 m3 and 10,000 m3 in capacity. This new small-scale LNG facility will help spur the...

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ANOC has signed three framework agreements with Korean energy companies to explore upstream and downstream investment opportunities.The agreements will explore upstream exploration and production opportunities, potential downstream investments and bunkering opportunities...

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Ineos has announced plans to invest £1 billion in its UK assets on various projects, including in the Forties Pipeline System.The biggest investment being made is in the Forties Pipeline System, which comprised £500 million to transform the asset and extend the...

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Robert Nuttal, principal engineer at Petronas talks about how the company uses innovative strategies to maximise storage safety and efficiency in the Middle East What is your advice for terminal and operations managers to utilise risk-based inspection to monitor tanks'...

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