Affiliates of the two companies have entered into an agreement to jointly develop a futures contract for the physical delivery of crude oil in the Houston area.
The latest oil, gas and petrochemicals storage news
Rotork has launched a programme of advanced analytics for the management of intelligent flow control assets.
Venice LNG has obtained the authorisation for the construction and operation of the LNG store in Porto Marghera.
McDermott’s CB&I Storage Solutions business has been awarded a study to research opportunities to expand current liquid hydrogen storage capacity limits.
Diversified CPC International (DCPC) has completed the first phase of the Beaumont plant in Texas, US. The company has invested US$10 million in Phase I of the project.
New Fortress Energy is set to acquire Hygo Energy Transition Ltd and Golar LNG Partners LP in a combined US$5 billion transaction.
GTT has obtained approval in principle (AIP) for the NO96 membrane containment system for LNG fuel tank application for ultra large container vessels (ULCV) from the Bureau Veritas (BV) classification society.
The president of the International Liquid Terminals Association (ILTA), has commended the US Environmental Protection Agency (EPA) for taking final action to allow added flexibility to terminal operators while ensuring high-quality liquid tank inspection.
Together with Stolthaven Terminals, Systems Navigator have further improved the generic oil model (GOM) infrastructure logic for complex chemical terminal infrastructure.
Silea Liquid Transfer (Silea) has signed an agreement for the purchase of the Avery Hardoll brand from Liquid Controls LLC (IDEX Group).