Monthly Archives: August 2018
Koole Terminals appoints new C
Koole Terminals has announced that Juriaan Steenland has been appointed as its new Chief Operating Officer (COO) of Koole Terminals. J...
CPC plans to invest $6.6bn in
Taiwan-based CPC Corp is planning to invest $6.6bn in a petrochemical project in Paradip, Odisha, India, using feedstock from the Indi...
Tallgrass eyes Cushing –
Tallgrass Energy has proposed constructing a new crude oil pipeline from Cushing, Okla., to the St. James, La., refining complex, as w...
Enterprise reports record EBTD
Enterprise Products Partners L.P. saw its net income for the second quarter of 2018 decline by $322m. However, its adjusted EBITDA inc...
Brightoil Petroleum in talks t
Brightoil Petroleum (Holdings) Limited is engaging in preliminary negotiations with potential investors for the sale of its Zhoushan O...
Floating LNG liquefaction: Cha
FLNG is being widely considered as a solution to cost pressures in the industry. FLNG eliminates the need for a pipeline to shore for ...
KKR, Williams JV acquires Disc
Through a newly formed joint venture, KKR and Williams have agreed to acquire Discovery Midstream from TPG Growth for approximately $1...
Fujairah Weekly Oil Inventory
Oil product stocks at the Middle East's key oil hub of Fujairah fell 2.9% in the week to Monday, slipping to a five-week low as light ...
Magellan Midstream and LBC to
Magellan Midstream Partners and LBC Tank Terminals have announced plans to increase Seabrook Logistics’ crude oil and condensate stora...
Fisher Tank Company appoints J
Fisher Tank Company has appointed Jim Viale as West Coast Area Manager. Jim joins the Fisher Tank Company team as a veteran of the fie...
ExxonMobil posts $4bn earnings
ExxonMobil has announced estimated second quarter 2018 earnings of $4bn, compared with $3.4bn a year earlier. Cash flow from operation...
BP commences operations at Sha
The Shah Deniz consortium has commenced commercial gas deliveries to Turkey from the Shah Deniz 2 development project. The consortium ...
Magellan Midstream to further
Magellan Midstream Partners has announced an additional expansion of the western leg of its refined petroleum products pipeline system...