Stay up to date with the latest news and updates from the tanks and terminals industry.
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.
McDermott, together with its storage business, CB&I, has been awarded a FEED contract from Gunvor Petroleum Rotterdam B.V. for a green hydrogen import terminal project.
High natural gas prices will continue to drive down European demand to 7% below the five-year average through March, leaving a best-case scenario of storage levels at 31% at winter’s end, reports Wood Mackenzie.
The list of references associated with the article entitled 'Change ahead', which featured in the Autumn issue of Tanks & Terminals magazine.
Fluxys, Advario Stolthaven Antwerp and Advario Gas Terminal have joined forces to study the feasibility of building an open-access green ammonia import terminal at the Port of Antwerp-Bruges in Belgium.
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.
Freeport LNG Development L.P. has completed a detailed assessment of alternatives for resuming operations at its liquefaction facility.
NWHA is urging the UK government to accelerate its plan for hydrogen storage business models, arguing that greater focus on the distribution and storage infrastructure is required to deliver hydrogen at scale.
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%.
CapturePoint Solutions (CPS) has signed a Letter of Intent (LOI) with a wholly-owned subsidiary of Energy Transfer to participate in a feasibility study to capture CO2 emissions from Haynesville Shale natural gas production facilities.