Terminal News
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 in Energy Markets Summit in Antalya, general manager Abdülvahit Fidan described the project as a 'strategic turning point' for Turkey's energy security. 'This project will strengthen Türkiye’s resilience against…
Read More »
Read More »
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 brought a 30 year old very large crude carrier (VLCC) out of retirement.
In an analysis published by Investing.com, JP Morgan’s head of commodities, Natasha Kaneva, estimated Iran’s onshore storage capacity at…
Read More »
Read More »
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 and strengthen supply to London airports. It marks a £15 million (€17.3 million) investment, 90,000 dedicated work hours and partnership with 35 major vendors and contracting…
Read More »
Read More »
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 strategy by adding 370 kboe/d immediately across liquids and gas, leading to a 4% production CAGR through to 2030, compared to 2025. The transaction is expected to generate double-digit returns,…
Read More »
Read More »
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 excellent product quality, proven performance, and legacy together with DIRECTANK’s industry-leading customer service and market expertise. It also allows DIRECTANK to add OptiDome by CST’s…
Read More »
Read More »
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.
The cargo encompassed a variety of oversized and heavy lift units with weights of up to over 200 tones: three up to over 13.05 x 6.08 x 10.83-metre ethylene vessel skids, three up to over 13.50 x…
Read More »
Read More »
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 was quickly stopped and the directly involved seagoing vessels were contained for active clean-up operations, the pollution spread further towards the Scheldt overnight, making this route inaccessible for a…
Read More »
Read More »
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, Helen Paula Coleman.
'This new space reflects our strong commitment to the UK market, where we continue to contribute to key decarbonization projects such as NZT Power and the Northern…
Read More »
Read More »
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 candidate locations and prepare a final site selection report covering technical, commercial, permitting, infrastructure, logistics, utility and stakeholder considerations. The work is intended to…
Read More »
Read More »
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 long-term shipper commitments sufficient to move the project forward, subject to the execution of definitive transportation service agreements, joint venture agreements, and respective…
Read More »
Read More »
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 (FID), the terminal is planned to be built on the site of the Blumensand tank terminal in the Port of Hamburg, Germany. It is expected to be Germany’s first large-scale ammonia import hub and…
Read More »
Read More »
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 2029. This represents one of few opportunities to secure long-term primary LNG regasification capacity in Northwest Europe, within the liquid and flexible UK gas market. The terminal has been…
Read More »
Read More »
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 procurement services, site assistance, and the supply of proprietary burners for the plant’s cracking furnaces. The project will convert the existing steam cracker from naphtha to ethane…
Read More »
Read More »
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 Moho G structure.
The well encountered a hydrocarbon column of approximately 160 metres in good-quality Albian reservoirs, and an extensive data acquisition and sampling campaign was carried out to…
Read More »
Read More »
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, about 125 miles south of the Louisiana coast.
The well encountered high-quality, full-to-base oil-bearing Miocene sands. The co-owners are currently evaluating results to determine next steps. The discovery has the…
Read More »
Read More »
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 2,000 ships are set to leave the region. But oil prices are set to remain structurally higher, warns the CEO of one of the world’s largest independent financial advisory organisations.
The warning from deVere Group’s…
Read More »
Read More »
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 damage" that is likely to further disrupt oil supplies.
Read More »
Read More »
Considering the market volatility stemming from the conflict in the Middle East and the closure of the Strait of Hormuz, the European Commission is calling on EU countries to make timely and coordinated preparations to secure the supply of oil and refined petroleum products in the EU.
There is already an obligation on EU countries to maintain oil stocks and to have contingency plans in…
Read More »
Read More »
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 from 'Transformation and Expansion' to 'Value Realisation'. Building on the investments made in Phase 1 and leveraging the competitive strengths of the group, MOL will further enhance its earning power by elevating the…
Read More »
Read More »
Perpetual Next has selected Bilfinger Engineering & Consultancy as lead consultant for its Methanol Moerdijk project, a planned biomethanol facility in the Port of Moerdijk, the Netherlands. The appointment covers environmental impact assessment and permitting support for the development of the project.
Under the agreement, Bilfinger will support Methanol Moerdijk with key permitting…
Read More »
Read More »
CONNECT WITH US
📣 Registrations for #TSA2026 are open!
A big thank you to our media partner @TankStorageInfo for supporting #TSA2026 | 17 September 2026 | @CBSArena | Coventry❗
✔️Find out more about @TankStorageInfo: https://tankstorage.com/
➡️ Don't miss #TSA2026: https://tankstorage.org.uk/conference-exhibition/
A new HCSS report finds that in a large-scale conflict, the Netherlands and the wider EU would struggle to meet surging military fuel demand while keeping the civilian economy running.
_via @TankStorageInfo
https://tankstorage.com/all-news/partner-news/europe-risks-fuel-shortages-in-wartime-new-hcss-report-warns/