News and Articles

Hin Leong hid losses

Singapore-based Hin Leong Trading (HLT), one of Asia's largest oil shippers, has sought protection against liquidation from 23 of the...

2020 TSA cancelled

The Tank Storage Association has released an online statement to announce it has cancelled the 2020 running of its Tank Storage...

Cameron Train 3

Cameron LNG has entered the final commissioning stage for the Phase 1, three-train liquefaction-export project in Hackberry, Louisiana...

Sonangol stockpiles

Sonangol, the Angolan state oil company, has announced it will be able to use the Pumangol fuel terminal, in Luanda, to establish a...

Brooge appoints MUC

Brooge Energy Limited, (through its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (BPGIC) has announced that it...

Keppel/Toll/Vopak

Keppel Data Centres Holding Pte Ltd has signed separate MOUs with Toll Group and Royal Vopak respectively to study the feasibility of...

GASSCO AS contract

Offshore Design Engineering (ODE), the independent operations and engineering services company, has announced in an online statement that...

Rotork smart positioner

Designed for both control and on/off valve applications where diagnostics are required the new enhanced YT-3700 and YT-3750 digital smart...

Cushing spoken for

Traders say that whatever storage space is left at the Cushing oil hub is spoken for by firms sending oil to the hub right now. Yet...

New apprenticeships

Reynolds Training Services has announced that it will develop the UK’s first apprenticeship specialism for the bulk liquid storage sector...

Polymer Coatings Manager

Jake Valadez has been appointed Territory Sales Manager for the Midwest USA by Advanced Polymer Coatings (APC). In his new role, Valadez...

Vopak operational

Tank storage firm Vopak has said in an online statement that all its terminals are operational amid the COVID-19 pandemic. The Dutch oil...

Crude below zero

The price on the futures contract for West Texas crude fell into negative territory yesterday (April 20, 2020), at minus $37.63 a barrel...

Reynolds/Petro deal

Petro Industrial Pty Ltd, which is an international commercial refuelling specialist, has signed a five-year distribution agreement with...

Oiltanking commission

On April 17, 2020. Oiltanking MOGS Saldanha (RF) (Pty) Ltd commissioned its new crude oil terminal with the successful receipt of...

STAR Refinery

STAR Refinery in Aliağa, western İzmir province, Turkey, which is a subsidiary of Azerbaijani-integrated drilling and well services...

CLH Spain biofuels

The CLH Group has announced in an online statement that it has adjusted its infrastructures so biofuels can enter the logistics cycle. It...

ILTA proposes funds

The International Liquid Terminals Association (ILTA) has written a letter to Majority Leader McConnell, Speaker Pelosi, Leader Schumer...

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...

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