Oil storage news

Since 2002, Gerotto has been among the pioneers in the design and manufacturing of no-man entry robotic solutions for operations in confined spaces and explosive atmospheres.

EIA forecasts that production of petroleum and other liquids will continue to exceed global demand, which results in Brent crude oil prices falling from an average of US$69/bbl in 2025 to US$58/bbl in 2026 and US$53/bbl in 2027.

Exolum, Methanex Corp., and Ørsted, have announced the launch of the UK’s first commercially ready bio-methanol storage and supply service for shipping at the Port of Immingham.

L&T Onshore has won a large order from Petronet LNG for the construction of additional storage at the Dahej Petrochemical Complex in Gujarat, India.

The Indonesian President has inaugurated upgrades to the Balikpapan Refinery, a National Strategic Project that marks a significant milestone in strengthening Indonesia's energy security and sovereignty.

Denso, Inc. has highlighted its Viscotaq Precast Structure Sealing System, engineered to deliver a watertight, flexible seal designed to stop liquid, gas, and contaminant infiltration in precast concrete and manhole assemblies.

VTTI and Connex have announced that the Greenstock PreTreatment Facility at VTTI’s terminal in Amsterdam has entered the FEED phase.

ERGIL has announced the successful engineering, design, and manufacturing of two internal floating roof (IFR) systems for Total Energies’ new storage terminal development in Equatorial Guinea.

Gerotto has signed an exclusive distribution agreement with Derc Salotech for the sale of magnetic robots In Italy for cleaning vertical walls of tanks, ships, and metal structures.

Jackson County Economic Development Foundation (JCEDF) has hosted a groundbreaking ceremony for BWC Terminals’ new facility in Pascagoula, Mississippi, US, which will receive, store, and deliver petroleum products.