Storage tanks

Abu Dhabi Ports and Arabian Chemical Terminals have signed a strategic agreement for the development of a commercial bulk liquid storage terminal.

Wood Mackenzie analysis has revealed that China’s crude stock could reach 1.15 billion bbl in 2020.

Michael J. Hennigan has been appointed to the position of President and CEO of Marathon Petroleum Corp.

The EIA has reported that moves by OPEC to maintain its market share will cause global oil inventory increases and lower prices.

McDermott, Chiyoda and Zachry Group have announced the introduction of feed gas to Train 3 at the Freeport LNG project.

Adler and Allan has announced that it has expanded its non-destructive testing team.

Subsidiaries of Sempra and Bechtel have signed an EPC contract for the Port Arthur LNG project.

Shell Midstream Partners has announced the elimination of IDRs and an agreement to acquire additional assets from Shell.

Rystad Energy has forecast that Qatar’s drive to boost liquefaction capacity is set to cost US$50 billion and unlikely to be sanctioned this year.

BPGIC has announced that it has recently signed a land lease agreement with UAE’s Fujairah Oil Industrial Zone.

StocExpo has announced that it is releasing its first ever Industry Trends Report.

Wood Mackenzie has stated that the global storage market is set to grow from approximately 4 GW of annual deployments in 2019 to more than 15 GW in 2024.

A multi-million pound infrastructure upgrade programme has been successfully completed at the Grays terminal in the UK.

Matrix Service has been selected by ExxonMobil for the construction of six storage tanks.

The EIA has reported that natural gas prices have fallen to their lowest level since 2016 and the lowest February prices in 20 years.