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IEF: drop in global oil refining capacity

According to a new report by the IEF and S&P Global, global oil refining capacity dropped for the first time in 20 years in 2020 and again in 2021, exacerbating tight markets and volatile prices for fuels such as gasoline and diesel.


Shell and Energy Transfer sign 20-year LNG SPA

Shell NA LNG LLC and Energy Transfer LNG Export LLC have signed a 20-year LNG sale and purchase agreement (SPA) for the offtake of 2.1 million tpy of LNG from the Lake Charles LNG project.

More Terminals news

Freeport LNG updates on restart timeline

Freeport LNG Development L.P. has completed a detailed assessment of alternatives for resuming operations at its liquefaction facility.

AFPM: Inflation Reduction Act falls short

The House of Representatives is set to take up the Inflation Reduction Act of 2022 that covers tax, energy, climate and other issues that impact the refining and petrochemical industries. After careful review, AFPM opposes this legislation.

Limetree Bay Terminals announces name change

Effective 8 August 2022, Limetree Bay Terminals is now doing business as Ocean Point Terminals. Ocean Point Terminals is an energy logistics hub, strategically located in the Caribbean on the island of St. Croix, U.S. Virgin Islands.

CyberFuels' Gateway Terminal to deliver green hydrogen

CyberFuels has signed an LOI with an energy company that has a patented process for producing green hydrogen. The LOI calls for the prototype of the commercial units to be placed at the new CyberFuels Gateway Terminal in Florida, US.

Vitol Bunkers extends its bunkering services

From July 2022, Vitol Bunkers has extended its bunkering services to Jebel Ali (the largest container port in the Middle East) and to Port Rashid Cruise Terminal, Dubai, UAE.