Fluid Components International opens Saudi Arabia joint venture
Fluid Components International has announced the establishment of Fluid Components Saudi Arabia Ltd, a joint venture with GAS Arabian Services Co., Ltd.
Storage tanks
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VTTI And ENNA to develop major energy asset in the Adriatic
VTTI and Energia Naturalis Holding (ENNA) have signed an agreement for the purchase by VTTI of 70% of the Adriatic Tank Terminal (ATT) in the Port of Ploce, the main Adriatic deep water port.
API notes actions to increase competition in rail shipments
The API has announced its support of competitive rail switching that would allow market forces to have greater influence over rail shipment rates.
First hydrocracker section arrives at ExxonMobil refinery in Botlek
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.
Low tanker rates enable more long distance crude and petroleum product trade
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.
Intergraph PP&M introduces latest release of TANK software
TANK by Intergraph PP&M is a comprehensive, easy to use program for the design, analysis and evaluation of welded steel oil storage tanks.
Oil storage market capacity to hit 2.16 billion m3
The global oil storage market capacity will reach over 2.16 billion m3, according to Grand View Research.
Buckeye Partners to acquire 50% of VTTI
Buckeye Partners, L.P. has announced it will acquire a 50% interest in VTTI B.V.’s global marine terminal business.
Developments in investor markets benefits terminals
According to Frank Schreurs, developments in investor markets will be good for terminals.
KBR to proceed with FEED for Woodfibre LNG project
KBR, Inc. has announced that the company will proceed with front end engineering design (FEED) for the Woodfibre LNG project.
Hoover, Ferguson & CHEP complete merger
Hoover Container Solutions, Ferguson Group and CHEP Catalyst & Chemical Containers have completed their merger transaction.
Martin Midstream Partners to sell terminal assets
Martin Midstream Partners has announced an agreement with NuStar Energy to sell its terminal assets.
EIA: US crude oil imports increase during first half of 2016
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 opens Halifax Harbour Terminal
Irving Oil has announced the successful start up of its Halifax Harbour Terminal.
Clariant announces digital chemical management system for the oil and gas industry
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.