February 2020 | Page 2 of 3 | Storage Terminals Magazine

US natural gas low

US natural gas prices have fall to their lowest level since 2016. The near-month natural gas futures price at the New York Mercantile...

Enbridge/NextDecade

NextDecade Corporation and Enbridge Inc. have announced they have entered into a definitive agreement whereby Enbridge will acquire Rio...

Tech and IMO 2020

IMO’s low sulphur shift, which took effect on January 1, 2020, is already putting refineries under strain – and this is only set to...

Global oil demand

The International Energy Agency (IEA) has said global oil demand will drop this quarter for the first time in over a decade, as the...

McDermott EPFC

McDermott is to provide EPFC for six crude oil storage tanks in Texas, it said in a statement. The tanks will be part of an statement...

Puma HR appointment

Puma Energy has said Michael Schulz will be its new Chief Human Resources Officer. He will take up the role next month. It said in a...

Odfjell 2019 update

Odfjell said in its 2019 Q4 update that the chemical tanker market began its recovery last year, and the company will continue to...

Well acquires Costain

Well Services Group has confirmed the acquisition of Costain Industrial Services in a statement. The UK energy service provider said the...

Grays terminal optimisation

A multi-million pound infrastructure upgrade programme has been successfully completed at Grays terminal on the River Thames, which is...

BPGIC expansion deal

Brooge Petroleum and Gas Investment Company FZE (BPGIC) has signed a new land lease agreement with Fujairah Oil Industrial Zone, and in...

Vopak gives €100m

Following the completion of the divestment of the terminals in Algeciras, Amsterdam and Hamburg Vopak has announced the start of a share...

Total’s Fos interest

Total has announced the divestment of its 27.5 per cent interest in Fosmax LNG, (operator of the Fos Cavaou LNG terminal), to Elengy...

NextDecade exports

The US Department of Energy (DOE) has issued an order granting authorisation for NextDecade Corporation to export liquefied natural gas...

Bahrain LNG terminal

Bahrain LNG has completed “mechanical construction and commissioning” of the first LNG receiving and regasification terminal in the...

Petronas/K Line deal

K Line, the Japanese shipping company, has ordered two new LNG carriers and signed a 12 year-charter to charter them to Malaysia-based...

Qatargas Indian LNG

Doha-based Qatargas has supplied a commissioning liquefied natural gas (LNG) cargo for India's newest LNG receiving terminal, Mundra, it...

Chinese LNG delays

There have been several days of delay at Chinese import terminals for some LNG carriers sitting waiting to discharge. But further vessels...

ADNOC/JCCP agreement

ADNOC has signed an agreement with Japan Cooperation Center Petroleum (JCCP) to enhance its oil spill capabilities “as part of an...

BP down 21 per cent

BP posted full-year underlying replacement cost profit, used as a proxy for net profit, of £7.76 billion in 2019. That compared with...

New US storage site?

The Governor of Alaska (Republican Gov. Mike Dunleavy) has sent a letter to the US Department of Energy, proposing it builds a new...

Imodco/Limetree Bay

Imodco has safely delivered the Limetree Bay terminal in-line with Limetree Bay LLC’s plan. The delivery follows a fast-track engineering...

Petronet/Tellurian

Petronet LNG, India’s largest liquefied natural gas importer, is poised to sign a £1.92 billion deal with US LNG project developer...

Gulf Coast £233bn

There could be “considerable headwinds” in 2020 that would push against capacity investments that have been made during the past several...

PBF buys Martinez

A subsidiary of independent New Jersey-based refiner PBF Energy has reportedly bought the Martinez refinery from Equilon Enterprises LLC...

Shell’s Pernis plans

Royal Dutch Shell is planning a major maintenance turnaround at its Pernis oil refinery in the Netherlands starting on May 4, 2020, it...

Global Energy Show

The Global Petroleum Show has undergone a rebrand “to reflect the industry’s continued revolution” and will now be known as the Global ...

CLH cybersecurity

“Cybersecurity is no longer considered an unnecessary expense but rather an investment need”, CLH Pipeline System said in a statement. It...

CLH supplier process

CLH has set up a new purchasing procedure, it announced in its annual report. The move means supplier negotiations can be made over an...

China Coronavirus

The world's biggest oil producers could be about to slash output as they grapple with the fallout of the coronavirus. Representatives of...

KBR/ADNOC contract

KBR has been given a major Project Management Consultancy (PMC) services contract by Abu Dhabi National Oil Company (ADNOC) for the...

Emerson VR simulator

Emerson’s new virtual reality simulator “accelerates workforce upskilling to improve operator response time while reducing risk”, it said...

New KROHNE launch

The new Optiwave 6500C from KROHNE, the manufacturer and supplier of solutions in industrial process instrumentation, is a radar level...

Stolt-Nielsen update

Stolt-Nielsen said it could benefit from recovery among its competitors in its fourth quarter results. The boom in the tanker market...

Vopak completion

Independent tank storage company Royal Vopak completed the earlier announced divestment of its oil terminal in Algeciras to First State...

LBC Rainbow project

Geldof says it has been chosen by LBC Tank Terminals to work on the second phase of its Rainbow project in Rotterdam terminal. It said...

Chevron £5 bn loss

In the fourth quarter of 2019, Chevron posted a £5 billion loss, which it said was driven by £7.88 billion in write-offs related to its...