Latest News

Kinder Morgan Tejas Pipeline has acquired natural gas pipeline assets owned by Southcross Energy.The purchase price was $76 million and includes the Corpus Christi Pipeline Network and Bay City Lateral.Kinder Morgan Natural Gas Midstream president Sital Mody says: 'We continue...

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Calumet Specialty Products Partners has finalised the sale of its San Antonio, Texas refinery including a crude oil terminal and pipeline to Starlight Relativity Acquisition Company for $63 million.Tim Go, CEO of Calumet, says: 'The divestment of the San Antonio refinery...

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Arabian Refinery Company and Qatar Petroleum have successfully launched the Egyptian Refining Company refinery project in Mostorod, north of Cairo.All of the refinery units are now successfully operating and are expected to ramp up to full production before the end of the...

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A $1.6 billion plan to refurbish a long-idled Caribbean oil refinery is about 75% complete and could begin delivering fuel supplies early next year, according to Reuters. The Limetree Bay Refining project is a bet on demand for low-sulphur fuels to meet a January 1 global...

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Moda Midstream has started deliveries of storage tanks to customers from its 10-million-barrel expansion at the Moda Ingleside Energy Centre in Ingleside, Texas.The company has so far delivered 2.4 million barrels of new storage capacity ahead of schedule and has a combined...

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Inter Pipeline's bulk liquid storage segment reported strong financials in the third quarter due to its newly acquired storage business in the UK and Netherlands & additional storage contracts in Denmark.The segment generated strong funds from operations of $30.5 million...

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Hes Botlek Tank Terminal has commissioned six biodiesel storage tanks with a total capacity of 20,000 m3.The expansion, which is backed by multi-year customer contracts, increases storage capacity at the terminal to more than 510,000 m3.The terminal, located in the Port...

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The Russian oil refining sector is expected to grow in both volume and depth over the next ten years according to experts.A Vostock Capital report on construction and modernisation projects for oil and gas processing and petrochemical facilities highlights ongoing and promising...

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Common processes and standards are a core element of a seamless downstream supply chain in the oil and gas sector.Key industry participants of the German petroleum industry, including refinery and tank terminal operators, gathered at the 15th IFLEXX meeting in Bochum.Focusing...

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The latest edition of Tank Storage Magazine contains articles on hydrogen technology, the LNG potential as well as the energy transition.The October/November edition has a special focus on sustainability in storage and how terminals are reacting and responding to the energy...

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Harvest Midstream Company has started construction work on the Ingleside Pipeline and Harvest Midway Terminal.The Ingleside Pipeline is a new 24-mile, 24-inch oil pipeline that will originate from the Harvest Midway Terminal and connect to multiple oil export terminals in...

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Odfjell's terminal division has reported an EBITDA of $6 million in its third quarter financials in line with the previous quarter.Odfjell Terminals US reported improved EBITDA mainly driven by lower allocated costs as a consequence of the closure of headquarters in Rotterdam....

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Hyundai Oilbank has leased oil storage in Ba Ria-Vung Tau in Vietnam to help boost its exports to Southeast Asia.The South Korean company says in a statement that it plans to use the storage facility, which has 200,000 barrels of fuel storage capacity, as its...

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Tidewater Midstream and Infrastructure has acquired Husky Energy's light oil refinery at Prince George, British Columbia for $215 million.The 12 million barrels per day refinery predominantly produces low sulphur diesel and gasoline, in addition to other products, to supply...

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Vopak has announced plans to build a new chemical storage terminal in China and expand chemical capacity at its facilities in the Port of Antwerp and Mexico.In its third quarter financial update, the company says that it will develop a joint venture industrial terminal to...

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Saudi Aramco has said it plans to proceed with its initial public offering (IPO) by announcing its intention to float on the main market of Tadawul.News report suggest that it could be the world's biggest listing as the kingdom seeks to diversify its economy away...

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IFM Investors has completed the acquisition of Buckeye Partners, adding one of the largest diversified networks of integrated midstream assets to IFM's energy infrastructure investments portfolio.Buckeye's assets include 6,000 miles of pipeline, with more than 100 delivery...

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