TERMINAL NEWS
Stay up-to-date with the latest news, insights and analysis on the global terminal industry, from new oil and gas projects, ammonia and hydrogen MoUs to the energy transition and incidents at storage terminals.
Global economy lost 1 billion barrels of oil, says aramco CEO
The world has lost around 1 billion barrels of oil over the past two months, and energy markets will take time to stabilise even if flows resume, the CEO of
TA’ZIZ secures $2 billion for methanol plant
The TA’ZIZ Methanol Company, a joint venture between TA’ZIZ and Proman, has achieved financial close on $2 billion (€1.7 billion) financing for the UAE’s first world scale methanol plant in
EnergyPathways secures UK gas storage license
EnergyPathways’ wholly owned subsidiary, EnergyPathways Irish Sea Limited, has been granted a Gas Storage Licence (GSL) by the North Sea Transition Authority (NSTA) in connection with its hydrogen-ready MESH project.
INA and MOL hold talks with Syrian Petroleum Company
Representatives of INA and MOL Group have concluded a series of productive and constructive meetings with a high-level delegation from the Syrian Petroleum Company (SPC). The three-day visit focused on
TNPA opens calls for liquid bulk operator in Cape Town
Transnet National Ports Authority (TNPA) invites interested parties to submit bids in response to the Request for Proposals (RFP) for the appointment of a terminal operator to finance, operate, maintain,
Perpetual Next chooses JPB Logistics as biomethanol storage partner
Perpetual Next has selected JPB Logistics as its preferred partner for biomethanol storage and handling services at Perpetual’s Delfzijl biomethanol facility in Farmsum, the Netherlands. As part of the intended
Porto Sudeste expands liquid bulk operations in Itaguaí
Porto Sudeste, in Sepetiba Bay, Brazil, is building new ‘dolphins’ to expand its liquid bulk operations, following increased oil flows in the country. ‘Oil production continues to grow and this
Vopak to acquire majority stake in GES
Royal Vopak has reached an agreement in principle with Green Energy Storage (GES) for the acquisition of a majority stake in GES. The transaction marks a strategic step to accelerate
AD Ports Group, CMA Terminals Khalifa Port, and CMA CGM Group sign MoU to extend inland reach
AD Ports Group has signed a memorandum of understanding (MoU) with CMA Terminals Khalifa Port container terminal and CMA CGM Group, a global player in sea, land, air and logistics
Deutsche Energy Terminal expands management team
DET Deutsche Energy Terminal GmbH is expanding its management team: Dr. Martin Meurers will assume the role of chief operating officer (COO) with primary responsibility for capacity marketing and ensuring
Colonial Oil Industries acquires Atkinson Oil
Colonial Oil Industries has announced the acquisition of Atkinson Oil Company, a Sandersville-based commercial distributor of fuel and lubricants known for its experienced team and strong safety and service record.
Exolum advances UK CO2 storage
Severnside Carbon and Exolum, Europe’s leading energy logistics company, have signed a new agreement under which Exolum will create a new subsidiary, ‘Exolum 7CO₂’, to invest and lead the next
India proposes higher ethanol blending
India issued a notification late on Tuesday proposing amendments to the Central Motor Vehicles Rules to formally incorporate higher ethanol-blended fuels. The aim is to reduce the country’s reliance on
United Arab Emirates leaves Opec
The United Arab Emirates (UAE) has announced it is leaving the Opec and Opec+ groups, after the World Bank warned the war in the Middle East has caused the biggest
Shell to acquire ARC Resources
Shell has entered into a definitive agreement to acquire ARC Resources, an energy company focused on the Montney shale basin in British Columbia and Alberta, Canada. The acquisition accelerates Shell’s
ExxonMobil Fawley completes Southampton pipeline
ExxonMobil Fawley has completed its Southampton to London Pipeline (SLP) installation project in a major milestone for UK aviation. The project included upgrading on‑site facilities to increase jet fuel capacity
Iran brings legacy tanker into use as Kharg storage fills
As the US-Iran conflict continues, with a blockade on the Strait of Hormuz, indications suggest Iran’s Kharg Island is running out of oil storage space. To mitigate this, Iran has
BOTAŞ to boost Turkey oil storage with new tank farm
Turkey’s BOTAŞ is building a new tank farm at Ceyhan port to expand crude oil storage capacity from 1 million to 45 million barrels. Speaking at the Regulation and Competition
deugro delivers equipment for INEOS terminal expansion
Duegro has successfully delivered over 7,324 m3 and over 1,441 tonnes of critical equipment from Oman to Belgium for the INEOS Terminal Expansion Project, on behalf of engineering contractors Worley.
DIRECTANK Becomes Exclusive CST Reseller
CST Industries has announced a new partnership between DIRECTANK and OptiDome, making DIRECTANK the exclusive reseller for CST covers in the US oil & gas market. This partnership brings CST’s
Phillips 66 & Kinder Morgan Advance Western Gateway Pipeline Project
Phillips 66 and Kinder Morgan have announced the advancement of the Western Gateway Pipeline (Western Gateway), a proposed refined products pipeline system, following a successful second open season that secured
Perpetual Next Engages GLS to Support US Biomethanol
Perpetual Next has engaged Global Location Strategies (GLS) to support the next phase of its US development strategy for biomethanol and torrefaction projects. Under the agreed scope, GLS will assess
Technip Energies Opens London Office
Technip Energies’ CEO Arnaud Pieton celebrated the opening of the company’s new London office with a classic British tea party, alongside UK managing director. Matthew Cheadle. and Genesis managing director,
Port of Antwerp-Bruges Cleared After Oil Spill
An oil spill at the Port of Antwerp-Bruges on 10 April has been causing significant disruption. The spill occurred during a bunkering operation in the Deurganck Dock. Although the source
MB Energy to Build Ammonia Import Terminal
Hamburg’s Authority for Environment, Climate, Energy and Agriculture (BUKEA) has granted MB Energy a permit to build and operate a new ammonia import terminal. Subject to the final investment decision
Dragon LNG Launches Notice for Auction for August 2029
Dragon LNG, a receiving terminal in south-west Wales, UK, has launched a binding capacity auction for approximately 9.3 billion m3 per year of firm regasification capacity, available from 26 August
TotalEnergies Makes Hydrocarbon Discovery on Moho License
TotalEnergies EP Congo (63.5%, operator) has made a hydrocarbon discovery on the Moho license, offshore the Republic of Congo, following the drilling of the MHNM-6 NFW exploration well targeting the
Technip Energies Awarded Engineering Contract for Long Son Petrochemicals
Technip Energies has been awarded a contract by Long Son Petrochemicals Co. for its Long Son Petrochemicals Enhancement project, located on Long Son Island, Vietnam. The contract covers engineering and
Chevron Confirms Oil Discovery at Bandit Prospect
Chevron has confirmed an oil discovery at the Bandit prospect in the Gulf of America, as announced by operator Occidental. The exploration well is located in Green Canyon Block 680,
US-Iran Ceasefire Lauds Oil Relief
A two-week ceasefire between the USA and Iran has been agreed, contingent on the reopening of the Strait of Hormuz. A significant relief rally is now underway, as more than
Iran Strikes Kuwait Oil Infrastructure
Firefighters have put out a blaze at one of Kuwait’s major oil refineries, and at the countries airport, following Iranian strikes over the weekend. Drone strikes have caused “severe material
MOL Group Unveils Blue Action 2035
Mitsui O.S.K. Lines (MOL Group) has launched Phase 2 of its group management plan: ‘BLUE ACTION 2035’ effective April 1. In Phase 2, the focus of group management will shift
