Monthly Archives: August 2018
Mitsubishi Corporation to buy
Mitsubishi Corporation is to purchase a 25% interest in Summit LNG Terminal Co (Pvt) Limited (SLNG) and to develop an LNG receiving te...
Trans Mountain to construct pi
The National Energy Board (NEB) has released a condition compliance Letter Report that gives Trans Mountain Pipeline ULC (Trans Mounta...
Vopak announces expansion plan
Royal Vopak sees its first half revenue and profits fall as a result of a less favourable oil market structure. The company reported a...
Axpo agrees 10-year SPA with P
Pieridae Energy is in talks with Axpo, a Swiss utility and energy trader, for a 10-year sales and purchase agreement of LNG from its p...
Sempra Energy creates new grou
Sempra Energy has created a new operating group for its North American infrastructure businesses and named Carlos Ruiz Sacristán Chair...
ArcLight Capital Partners acqu
An affiliate of ArcLight Capital Partners has acquired Midcoast Operating, L.P. from Enbridge Inc. for approximately $1.1bn in cash.
Sevitrade to expand its liquid
The Board of Directors of the Port Authority of Seville (APS) approved a new administrative concession for operator Sevitrade for 40 y...
Fujairah Weekly Oil Inventory
Oil product stocks at the Middle East's key oil hub of Fujairah slipped another 2.5% in the week to Monday, hitting a new 10-week low,...
ADNOC aims to expand relations
With aims at building on its long-standing energy relationship with Japan’s energy sector, ADNOC has taken part in a series of meeting...
AUMA SIL-capable actuators in
Actuator manufacturer, AUMA, has announced its SIL-capable actuators have met the highest safety requirements as part of a safety syst...
Emerson President Edward Monse
Edward Monser, who has served as Emerson’s President since 2010 and as Chief Operating Officer from 2001-2015, is to retire on October...
Keyera generates strong second
Keyera Corp’s network of interconnected gas plants, pipelines and facilities, as well as its marketing services, continued to generate...
Basra Oil Company selects Petr
Basra Oil Company (BOC) has awarded Petrofac a contract worth around $370m for the expansion of the Central Processing Facility (CPF),...
HPCL moves forward with storag
Hindustan Petroleum Corporation Ltd. (HPCL) is developing a new storage terminal in Dharmapuri and products pipeline from Vijayawada t...
Carboline announces acquisitio
Carboline has announced the acquisition of the Strathmore and American Coatings product lines. Strathmore is a manufacturer of high-pe...
Keyera selects Jacobs Engineer
Keyera has selected Jacobs Engineering Group Inc. to provide engineering services for its Wapiti Gas Plant Phase Two expansion. Phase ...
InfraStrata on track with FEED
Natural gas storage development company InfraStrata updated the market on its front-end engineering design (FEED) progress with its pr...
Odfjell to sell its terminal i
Reference is made to the stock exchange announcement of May 8th, 2018, in which Odfjell SE (Odfjell) announced that Lindsay Goldberg (...
ExxonMobil joins Permian Highw
Exxon Mobil Corporation has signed a letter of intent to support the proposed Permian Highway Pipeline Project (PHP Project). Under th...
Inter Pipeline reports strong
Inter Pipeline Ltd. has reported strong financial and operating results in the second quarter, despite recording reduced results for i...
NextDecade sells $50m stock, a
NextDecade Corporation has agreed to sell $50m of convertible preferred stock to HGC NEXT INV, LLC, and to funds and accounts managed ...
CLH Group allocated €40m to
Over the past three years, CLH Group has allocated around €40m to environmental projects with the aim of reinforcing the sustainabilit...
Cheniere Energy Partners sees
Cheniere Energy Partners, L.P. has reported a net income of $281m in the first three months and $616m in the first six months of 2018,...
Sinochem files for $2bn Hong K
China’s Sinochem Energy, a unit of state-owned Sinochem Group, is to float its oil refining and storage unit in a $2bn Hong Kong IPO.<...
Profire Energy post strong Q2
Ikon Midstream expands with op
Ikon Midstream has opened a new fuel terminal to serve the Laredo, TX market. The terminal consists of seven fuel storage tanks with a...
Oxy sells Texas oil export ter
Occidental Petroleum (Oxy) has agreed to sell its oil export terminal near Corpus Christi and a West Texas pipeline network for a comb...
Texas Gulf Terminals submits p
Fluor Corporation reports earn
Fluor Corporation has reported second quarter earnings of $115m, compared to a net loss of $24m a year ago. Consolidated segment profi...
USD Partners reports Q2 revenu
Sinopec to construct 55.6 Bcm
China Petroleum and Chemical Corp, or Sinopec, is constructing natural gas storage facilities with a total capacity of 55.6 billion cu...
Sempra Energy reports $561m Q2
Zeebrugge LNG terminal now off
Users of Zeebrugge’s Fluxys Terminal now have the ability to book Residual Storage Capacity: LNG storage capacity on a daily basis. READ MORE
Magellan Midstream reports hig
Magellan Midstream Partners, L.P. has reported a net income of $214.4m in the second quarter 2018 compared to $210.4m in the same peri...
PSA moves into Canada with pur
PSA International (PSA) has, through its wholly-owned subsidiary PSA Canada Holdings Ltd, is to acquire a 60% stake in Ashcroft Termin...
CNOOC begins operations at its
China National Offshore Oil Corp’s (CNOOC) has commissioned it’s ninth LNG import terminal in after it received a 93,000-tonne LNG car...
