Terminals

GASSCO has awarded a contract to ODE for the implementation of findings of its gas terminals integrity review.

On Monday 20 April, US oil prices turned negative for the first time in history as crude storage space filled up.

Subsea pipelines for the new HES Hartel Tank Terminal have been handed over by Visser & Smit Hanab.

Reynolds Contamination Control has signed a five-year distribution agreement with Petro Industrial Pty Ltd.

ILTA has committed to holding its annual conference and trade show in 2020, moving the dates to 16 – 18 November.

Wood Mackenzie has reported that Saudi Arabia’s May 2020 Official Selling Prices for crude exports target Asian refiners with steep discounts.

PGNiG has sold the first two LNG cargoes from the reloading station in Klaipeda, Lithuania.

OPEC producers and its allies have agreed a record deal to cut oil output in light of the coronavirus pandemic.

Continued production and collapsing demand means that the US is set to fill one third of its available crude storage in April, according to Rystad Energy.

The EIA has announced that it expects the US to return to being a net importer of crude oil and petroleum products as production declines.

Servelec Technologies, along with sister company Primayer, have announced a new, unified company name and brand: Ovarro.

PGNiG has announced that it is the sole user of a small-scale LNG reloading station in Lithuania.

Wood Mackenzie warns that the gas sector faces an unpredictable year due to the coronavirus, oil price crash and LNG oversupply.

Shell has announced that it will not proceed with an equity interest in the proposed Lake Charles LNG project.

Limetree Bay activates COVID-19 response plan