Storage tanks

The API has announced its support of competitive rail switching that would allow market forces to have greater influence over rail shipment rates.

ExxonMobil’s investment of over US$1 billion in a new hydrocracker system strengthens the leading position of its Rotterdam refinery within the European refining sector.

Recent expansion of the global crude oil and petroleum product tanker fleet has resulted in falling or lower tanker rates for much of 2016, according to the EIA.

TANK by Intergraph PP&M is a comprehensive, easy to use program for the design, analysis and evaluation of welded steel oil storage tanks.

The global oil storage market capacity will reach over 2.16 billion m3, according to Grand View Research.

Buckeye Partners, L.P. has announced it will acquire a 50% interest in VTTI B.V.’s global marine terminal business.

According to Frank Schreurs, developments in investor markets will be good for terminals.

KBR, Inc. has announced that the company will proceed with front end engineering design (FEED) for the Woodfibre LNG project.

Hoover Container Solutions, Ferguson Group and CHEP Catalyst & Chemical Containers have completed their merger transaction.

Martin Midstream Partners has announced an agreement with NuStar Energy to sell its terminal assets.

US gross crude oil imports increased by 528 000 bpd, or 7%, during the first half of 2016 compared to the first half of 2015, according to the US EIA.

Irving Oil has announced the successful start up of its Halifax Harbour Terminal.

The VERITRAX solution offers oil and gas producers an automatic chemical control, monitoring and ordering system that optimises chemical management tasks and labour intensive processes.

KBR has been awarded a pre-FEED study for an Indonesian LNG regas project.

Suncor and MCFN have announced the signing of an agreement for an equity stake in the East Tank Farm development.