Storage tanks

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.

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.