PaxOcean delivers largest FSRU to be built in China
Floating storage and regasification unit built for Indonesia-based Jaya Samudra Karunia.
Storage tanks
Williams and Brazos Midstream announce Delaware Basin JV
Oil storage and gas processing facilities among assets included in the deal.
Kirby to purchase CGBM’s inland tank barge fleet
Kirby will acquire 270 000 bbls of storage capacity under the agreement.
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ADNOC signs MoU with ISPRL for crude oil storage at underground facility
Under the MoU, ADNOC could store crude in two compartments of the facility in Karnataka, India.
Caliche Development starts up ethylene storage service in Texas
This announcement follows drilling completion of a planned, 5 million bbls cavern for ethane storage.
Energy storage is a US$620 billion investment opportunity to 2040, says BloombergNEF
Tumbling costs of battery storage systems between 2018 and 2030 will transform the economic case for batteries.
Vitol and IFM to acquire 50% of VTTI
Partnership will acquire Buckeye Partners’ equity interest in the energy storage provider.
Limetree Bay Refining reaches agreement in principle on St. Croix refinery restart
Unspecified oil company to enter into a tolling agreement and serve as the refinery’s supply and offtake counterparty.
Bidvest and Petredec announce LPG facility ground-breaking
Import and storage facility in Richards Bay, South Africa, to be the largest on the continent.
More Storage tanks news
McDermott to divest storage tank business
Portfolio review concludes that McDermott’s storage tanks and pipe fabrication businesses are not core to its strategic objectives.
TUV SED NEL launches two collaborative industry projects for flow meter testing
Projects aim to develop accurate flow pattern maps and review flow meter performance.
European Commission adopts update on emergency oil stocks directive
Changes intended to improve the method by which EU states deduct the amounts of petroleum products used for non-energy applications.
E15 growth will be slow despite waiver, says ESAI Energy
Recent report forecasts only a small increase in US E15 gasoline supply despite Trump instruction.
Iran has produced and exported less crude oil since sanctions announcement, says EIA
EIA report finds that Iran's crude oil exports and production have declined since US announced that it would reinstate sanctions.
FERC issues final EIS for Calcasieu Pass LNG project
Proposed project would include a new LNG export terminal and 23.4 miles of pipeline in Cameron Parish, Louisiana.