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.
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.
United Energy Corp. has announced 100% acquisition of Integrity Terminals, LLC., adding to its previous minority ownership stake of 12%.
Freeport LNG Development and the PHMSA have entered into a Consent Agreement related to the 8 June 2022 incident at Freeport LNG's liquefaction facility.
Wood Mackenzie reports that market growth has staggered for global energy storage, with cumulative storage deployments expected to reach 500 GW by 2031.
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.
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.
Technip Energies Loading Systems will supply a marine loading arm to TotalEnergies as part of the floating storage and regasification unit (FSRU) project in Le Havre, France.
Shell USA will acquire all of the common units representing limited partner interests in SHLX held by the public. SHLX’s assets include interests in entities that own crude oil and refined products pipelines and terminals, as well as storage tanks.
Siemens Energy is joining the AWS Partner Network to provide customers with industrial cybersecurity, analytics, and storage solutions.
Wood Mackenzie reports that China’s LNG imports are set to fall over 14% year-on-year to 69 million t in 2022, the largest decline since it began LNG imports.
According to GlobalData, the rapid digitalisation of the oil and gas industry has made it increasingly vulnerable to cyberattacks, and so companies must fortify their cybersecurity posture in line with their digitalisation strategy.
The IEA reports that global natural gas consumption is expected to contract slightly in 2022 and grow slowly over the following three years as Russia’s war in Ukraine pushes up prices and fuels fears of further supply disruptions.
Analysts at Wood Mackenzie believe that storage refill is at risk unless additional demand and supply measures are taken.
Colonial Pipeline Terminals has been recognised by ILTA with the Safety Excellence Award for its dedication to promoting a well-rounded safety culture.