Storage tanks

McDermott has announced that it has been awarded EPFC contracts for storage tanks in Saudi Arabia.

Venture Global has announced the successful roof raising for the first LNG storage tank of its Calcasieu Pass project.

The US EIA has reported that withdrawals from natural gas storage this winter were at their lowest levels since 2015 – 2016.

Honeywell has announced new features and capabilities of its tank inventory management system.

According to GlobalData, the WTI May futures and oil storage issues with have a rippling effect on global markets.

On Monday 20 April, US oil prices turned negative for the first time in history as crude storage space filled up.

Subsea pipelines for the new HES Hartel Tank Terminal have been handed over by Visser & Smit Hanab.

Reynolds Contamination Control has signed a five-year distribution agreement with Petro Industrial Pty Ltd.

The US EIA has published its Weekly Petroleum Status Report which provides crude oil and refined products balances for the US.

New analysis from Wood Mackenzie suggests October may prove critical for the European gas storage market.

Rystad Energy has reported that US crude stock builds have broken records as refinery runs are forecast to fall by 3.8 million bpd.

GP Global has announced the acquisition of Grand Petroleum’s lubricant assets.

Continued production and collapsing demand means that the US is set to fill one third of its available crude storage in April, according to Rystad Energy.

Servelec Technologies, along with sister company Primayer, have announced a new, unified company name and brand: Ovarro.

Rystad Energy has reported that oil production cuts in Western Canada are likely as it nears full storage capacity.