Storage tanks

The FERC has approved the construction of Train 4 at the Freeport LNG terminal in Texas.

The TASI Group recently acquired Sierra Instruments, its second acquisition in recent months.

The EIA has revised its price forecast for Brent crude oil upward, reflecting price increases in recent months, more recent data, and changing expectations of global oil markets.

The IEA reports that global energy investment stabilised above US$1.8 trillion in 2018, but security and sustainability concerns are growing.

Wood Mackenzie assesses the impact of the on-going trade war between the US and China.

In a transaction valued at US$10.3 billion, Buckeye Partners have agreed to be acquired by IFM Investors.

The Sniffers has developed a Methane Accounting Program to assist oil and gas asset owners to realise their environmental and sustainability ambition for methane.

At a price of US$250 million, NuStar Energy will has agreed to divest its St. Eustatius oil storage terminal.

SBM Offshore will construct, install and operate ExxonMobil’s 2 million bbl crude oil storage capacity FPSO, Liza Unity.

Matrix Service has been awarded an EPC contract for Piedmont Natural Gas’ LNG peak shaving facility in North Carolina.

KBR will continue to provide General Maintenance Services at the SATORP refining and petrochemicals project in Saudi Arabia.

Adding a second refinery to its Gulf Coast downstream business, Chevron acquires Pasadena Refining System, Inc.

Oil Tank Supplies, a fuelling solutions company, will change its name to OTS Group Ltd.

The Pengerang LNG Regasification Terminal will feature PETRONAS gassing up and cooling down services for LNG vessels.

The International Energy Agency notes that the global oil market is now adequately supplied but high oil prices should be avoided.