Terminal News
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.
The acquisition is expected to strengthen Colonial Oil Industries’ presence across the Southeast of the USA, and expand its ability to deliver essential fuel and lubricant products…
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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 the safe operation of the state-owned LNG terminals. Together with the CEO Dr. Peter Röttgen, he will take over responsibility for the company in future.
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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 phase of development of a major new carbon dioxide (CO₂) storage terminal at Avonmouth. Técnicas Reunidas, the leading Spanish engineering firm, will also act as a partner. The terminal will be…
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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 loss of oil supply on record. According to the BBC, the UAE said its decision would 'help it meet growing global energy demand in the long term after recent investments to boost its production capacity.'
The UAE's energy minister said…
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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 imported crude, especially in light of the current Middle East crisis.
The Ministry of Road Transport and Highways said the draft includes provisions for E85 fuel, a blend of…
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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…
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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…
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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…
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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,…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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/