Oil storage news

LBC Tank Terminals has taken the final investment decision to execute Project Rainbow 5 Phase A at its Rotterdam Terminal, advancing the next phase of the terminal’s multi-year expansion programme.

Regal Petro Trading FZE has announced that it has commissioned the Phase 02 expansion of its oil storage terminal at Plot No. HC-02B, Phase 1, Hamriyah Free Zone, Sharjah, UAE.

Greenergy has expanded its storage at the Exolum Terminal at Grangemouth, delivering on its 2025 commitment to strengthen supply infrastructure in Scotland.

Inter Terminals has now been granted an extended environmental permit for waste handling, enabling the storage and handling of feedstock for second-generation biofuels.

Oil prices could reach US$200/bbl in worst-case scenario as more than 11 million bpd of Gulf crude and condensate supply remains curtailed, Wood Mackenzie has reported.

ADNOC has announced the exchange of two strategic collaboration agreements with Indian partners, reinforcing the strong and expanding UAE-India energy partnership.

Ludoil Capital has entered into a sale and purchase agreement with GOI Energy for the acquisition of the latter's stake in ISAB, the owner of the Priolo Gargallo refinery.

LanzaTech has decided to invest in Ghent, Belgium, in Europe's first commercial plant for sustainable aviation fuel based on alcohol-to-jet technology.

Gpi Tanks XL has been selected by Technip Energies for the construction of 22 stainless steel storage tanks for the SkyNRG project in Delfzijl, the Netherlands.

Zeeco has entered into a definitive agreement to acquire Oil & Gas Technologies, an Australia-based provider of vapour control and related equipment for the downstream liquid fuels storage and energy sector.