April 2020 | Page 2 of 3 | Storage Terminals Magazine

African refineries

Some refineries in Africa are halting production or considering reducing throughput as a result of reduced demand due to the coronavirus...

RPT-Shell restarts

Production resumed at Royal Dutch Shell Plc’s 100,000-barrel-per-day Perdido deepwater hub in the US Gulf of Mexico, ending a day-long...

Hin Leong $4bn debt

Singapore oil trader Hin Leong, owes banks including HSBC, ABN Amro and Société Générale almost $4bn. It is reportedly scrambling to...

Oman cost-cutting

Oman’s Minister of Oil and Gas Mohammed al-Rumhy has said the country will maintain production levels amid the COVID-19 pandemic, but it...

Mercon Group CEO

Van der Kamp started as CEO of Mercon Group BV on April 16, 2020. He succeeds Henk Meijer in the role, who has been CEO of Mercon Group...

New Capture software

Eddyfi Technologies said in an online statement that “collecting the most comprehensive and accurate NDT data results is important, but...

Storage overwhelm?

After a brief rally following OPEC’s production cuts, crude has reportedly fallen back to an 18-year low in New York “and everyone from...

ILTA 2020 goes ahead

The International Liquid Terminals Association (ILTA) has announced its 40th Annual Operating Conference and Trade Show will move from...

Pieridae results

Pieridae Energy Ltd has released its 2019 financial and operating results, which are highlighted by strong year-over-year increases in...

HES subsea pipelines

Visser & Smit Hanab has just announced it has officially handed over the subsea pipelines to HES Hartel Tank Terminal. The underground...

China storage capacity

China has long stablished itself as an opportunistic buyer and importer of crude amid dips in global prices – as last evidenced in 2014...

Weekly crude EIA

The US Energy Information Administration (EIA) has announced it will now provide weekly estimates of US crude oil storage capacity...

Pin Oak first vessel

Pin Oak Corpus Christi LLC has released a statement to say it received its first vessel on April 15 at the newly-commissioned Oil Dock 14...

CLH/Axpo Iberia deal

CLH and Axpo Iberia have signed a renewable energy PPA for the next 10 years, as part of the company’s sustainability strategy aimed at...

Phillips $3m donation

Phillips 66 has announced it will contribute $3 million to COVID-19 relief efforts across the United States and in the United Kingdom. Of...

Norstar new MD

Norstar Ship Management (NSM) has appointed Dr Lars Grünitz as its new Managing Director. NSM is part of Norstar, a fully integrated...

Middle East capacity

Fujairah Oil Terminal (the largest oil storage terminal in the Middle East and the gateway to crude production in the region) has been...

Storage critical

The International Liquid Terminals Association (ILTA) has released a statement making clear the critical importance of storage during the...

CLH digital notes

The CLH Group’s facility in Villaverde has started to use digital delivery notes. It said in an online statement that “this new system...

Refiners’ stress test

A new complimentary online report from Wood Mackenzie has said the coronavirus has provided the ultimate stress test for refiners. “Who...

China storage build

China’s Sinopec has announced it has started constructing additional storage tanks at its liquefied natural gas (LNG) import terminal in...

US crude full in May?

Plains All-American Pipeline has said US crude oil storage could fill up by mid-May, amid lower demand, as exports plunge about 30 per...

Foam proportioners

Germany-based FireDos, which develops and manufactures high-quality proportioners and monitors for fire-fighting, has released an online...

India 50% capacity

India has said its five million tonnes of oil storage facilities are only just over fifty per cent full. Some of these storage facilities...

Adler & Allan fight

Environmental risk reduction specialist Adler and Allan is “proud to be supporting the national effort by helping organisations to keep...

Vopak job platform

Vopak has released an online statement announcing the launch of its new career platform, because it says it needs new talent to help it...

Global Energy Show 2021

DMG Events has released a statement to say it has postponed The Global Energy Show 2020 event. It will now be held June 8 – 10, 2021 in...

New CLH company

The CLH Group has announced it has created Exolum, a new company focused on the identification and development of new business...

Univar and INEOS

Europe, Univar B.V., a subsidiary of Univar Solutions Inc. (a global chemical and ingredient distributor and provider of value-added...

Iran new terminal

Iran has announced that the National Iranian Oil Refining and Distribution Company has completed a new oil products storage terminal...

Phillips 66 storage

Shippers have been given permission by Phillips 66 Partners LP to store crude on its Gray Oak pipeline network in Texas, as available...

Emergency storage

A statement from the US Department of Energy said it will make 30 million barrels of emergency oil storage available “for producers...

Implico/Brainum

International tank terminal IT providers Implico and Brainum presented their newest innovations for the downstream industry, Supply Chain...

Oil prices negative?

Analysts have warned that oil prices could soon turn negative as the world runs out of places to store crude. The coronavirus pandemic...

Pavilion and SLNG

Pavilion Energy Pte Ltd and Singapore LNG Corporation Pte Ltd (SLNG) have extended their co-operation by signing a five-year agreement...

Leschaco Group CFO

As of April 1, 2020, Sirka Hintze is the new Chief Financial Officer (CFO) of the Leschaco Group. She joined the Group as Incoming CFO on...