News and Articles

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...

Regional LNG on the up

While it may not command as many global headlines, smaller-scale regional LNG in North America is growing rapidly. There are now at least...

Exxon £10.83 bn

Exxon has announced it earned £4.31 billion in the fourth quarter of 2019, down from £4.54 billion in the same period in 2018, as...

Phillips 66 update

Refiner Phillips has reported a 70 per cent plunge in quarterly profit, as it was hit by lower margins and higher turnaround activity at...

Rotterdam extension

LBC Tank Terminals has just announced it has taken the final investment decision to expand the terminal at RotterdamBotlek with 70,000 m3...

Excelerate/Engro

Excelerate Energy LP has signed a heads of agreement with Engro Elengy Terminal Ltd (EETL) for the expansion of the EETL LNG import...

IDEX acquires Flow

IDEX Corporation has entered into a definitive agreement to acquire Flow Management Devices LLC (Flow MD), for cash consideration of...

RVB Market Report

In its annual market report, RVB Tank Storage Solutions focussed on the many disruptions the market faced last year. It said it had seen...

Cheniere’s 1,000th

Cheniere Energy Inc has produced and exported its 1,000th cargo of LNG, it has announced. In doing so it has set an industry record and...

DirecTank/Charter

Houston-based DirecTank Environmental Products, LLC and Charter Industrial Supply, LLC, which supplies petroleum products and is...

McDermott FEED phase

McDermott International Inc. has been granted approval from Beowulf Energy LLC and Preem AB to commence the FEED phase for its residue...

Cameron needs time

Cameron LNG has asked energy regulators in the US for a 72-month extension (until May 2026) to build the second phase of the joint...

Fluor wins contract

Fluor Corp. has been awarded a project management consultancy services contract by Bharat Petroleum Corp. Ltd (BPCL), it said in a...

Aramco blockchain

Saudi Aramco Energy Ventures has invested £3.85 million in VAKT, a company that uses blockchain for commodity post-trade processing. The...

Petrolina facility

The new £67.5 million Petrolina liquid fuels storage facility at Vassiliko in Cyprus has been inaugurated by the country’s president...

TECAM/RIECO project

Spanish environmental technology company TECAM has entered into an agreement with RIECO for the development of gas treatment projects in...

New Hess Guyana oil

Hess Corporation has announced another oil discovery offshore Guyana at the Uaru well, and revealed an increase in the estimated gross...

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