Oil storage news

Phillips 66 Limited has announced that it has completed the acquisition of the assets and associated infrastructure of Prax Lindsey Oil Refinery Ltd, UK.

The Crisafulli Government, Australia, is strengthening Queensland’s fuel security with a AUS$25 million investment, and streamlined approvals, to develop renewable diesel at Ampol’s Lytton refinery.

In this report, the EIA examines strategic global oil inventory levels as of December 2025, before the coordinated emergency release following the closure of the Strait of Hormuz.

Technip Energies has been awarded two FEED contracts by Société Gabonaise de Raffinage for its refinery in Port-Gentil, Gabon.

The US Energy Information Administration published its April Short-Term Energy Outlook this week, examining the implications of the closure of the Strait of Hormuz.

Gerotto Federico Srl explores how the use of remotely operated robots can aid safety through replacing human workers during hazardous maintenance and tank cleaning operations.

War in the Middle East has triggered severe global supply disruptions in oil and gas, with reported damage and shutdowns affecting LNG trains, refineries, fuel terminals, and critical gas-to-liquids facilities across the region, according to Rystad Energy.

Evos Rotterdam has commenced the realisation of a major expansion project for (low-carbon) methanol and ethanol storage, following a signing ceremony held at the Port of Rotterdam.

The 32 Member countries of the IEA have agreed to make 400 million bbl of oil from their emergency reserves available to the market to address disruptions in oil markets stemming from the war in the Middle East.

The US Energy Information Administration (EIA) has published its latest Short-Term Energy Outlook (STEO).