Terminals and Storage News


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Japan Sees Little Chance Of Oil Slick From Sunk Tanker Reaching Its Coast
Tuesday, January 16, 2018 Japan sees little chance of the oil spill from a stricken Iranian tanker that sank on Sunday in the East China Sea reaching its shores.

Statoil May Build Onshore Terminal for Castberg Oil -Minister
Tuesday, January 16, 2018 A report on the proposal is expected in 2019, Minister of Petroleum and Energy Terje Soeviknes told Reuters on the sidelines of a conference.

Coast Guard: Stricken Iranian Oil Tanker Drifts Into Japan's Economic Zone
Friday, January 12, 2018 Japan's Coast Guard says a stricken Iranian oil tanker has drifted away from the Chinese coast and into Japan's exclusive economic zone.

Explosion On Iranian Oil Tanker Forces Rescue Team To Retreat
Wednesday, January 10, 2018 Rescue crews were forced to retreat from a stricken Iranian oil tanker in the East China Sea following an explosion on the ship.

Saudi-Led Coalition Says Thwarts Houthi Attack On Oil Tanker
Wednesday, January 10, 2018 The Saudi-led coalition fighting in Yemen says it had thwarted an attack on a Saudi oil tanker over the weekend.

Iranian Oil Tanker Burns For Third Day As Winds, High Waves Lash Rescuers
Tuesday, January 09, 2018 Lashing winds, high waves and toxic gases are hindering dozens of rescue boats struggling to locate missing sailors from a stricken oil tanker in the East China Sea.

Report: US May Get First LNG Import From Russia Despite Sanctions
Tuesday, January 09, 2018 A vessel that may be carrying liquefied natural gas from Russia's new Yamal LNG export terminal could be heading to the United States despite sanctions.

OPEC's Oil Cuts Claim a Victim as Supertanker Earnings Crash
Tuesday, January 09, 2018 OPEC's strategy to end a worldwide crude glut is causing havoc for a vital link in the oil industry's supply chain.




Rescue Crews Wrestle To Tame China Oil Tanker Fire; Body Of Mariner Found
Monday, January 08, 2018 Rescue crews wrestled to bring a blaze on an Iranian oil tanker off China's east coast under control on Monday.

US Takes Gas From UK Site That Got First Siberian Cargo
Monday, January 08, 2018 Not many people had expected the US to turn to Europe for natural gas this winter.

Oil Shipments From Georgia's Batumi Port Fall By More Than A Third In 2017
Friday, January 05, 2018 Oil and related shipments from Georgia's Black Sea port of Batumi fell 37.6 percent in 2017.

Asian Refiners Face High Volumes of Western Naphtha
Friday, January 05, 2018 The volumes due from the West are way above 2017's average monthly arrivals of 1.2 million tonnes.

Glencore Sells Parts Of Oil Storage To China's HNA, Awaits US Clearance
Friday, December 29, 2017 Glencore has partly completed the sale of a 51% stake in its storage and logistics businesses to a unit of China's HNA Group.

China Accelerates Stockpiling Of State Oil Reserves Over 2016/17
Friday, December 29, 2017 China's state oil reserves increased by nearly 14% between June 2016 and June 2017, official data shows.

Dominion Energy Denies LNG Contract Renegotiations
Tuesday, December 19, 2017 Dominion Energy says it had no plans to renegotiate any of its liquefied natural gas sales contracts.

Venezuela's PDVSA At Risk Of Losing Bonaire Terminal Over Maintenance Delay
Tuesday, December 19, 2017 PDVSA could lose its license to operate an oil storage terminal it owns on the Dutch Caribbean island of Bonaire if it does not soon fulfill maintenance demands by regulators, a government spokeswoman says.

Sources: PetroChina To Take On Global Rivals In Major Expansion Drive
Monday, December 18, 2017 PetroChina's oil and gas trading arm aims to buy petrol stations and fuel storage facilities, according to executives.

Frontline CEO: More Scrapping May Lift Oil Tanker Rates In Late 2018
Monday, December 18, 2017 Frontline expects shipping firms to scrap more old vessels which may lead to a recovery in rates in the second half of 2018, its chief executive told Reuters.

Nigeria's Rush For Petrol Could Save Europe's Sagging Margins
Monday, December 18, 2017 Nigeria's rush to keep its citizens supplied with fuel is expected to boost purchases of European gasoline in December.

South Korea's GS Caltex Buys Rare Canadian Crude Cargo For Feb
Monday, December 18, 2017 GS Caltex Corp has bought a rare cargo of Cold Lake crude.

Winter, Dwindling Stocks Draw Wave Of Diesel To New York
Wednesday, November 29, 2017 A wave of tankers carrying diesel was heading for the New York Harbor trading hub on Wednesday.

Sources: Mexico's Pemex Declares Force Majeure On Isthmus Crude Oil
Wednesday, November 29, 2017 Pemex declares force majeure on the loading of Isthmus crude, two sources with knowledge of the matter say.

US Oil Exports Boom, Putting Infrastructure To The Test
Monday, October 30, 2017 US crude exports have boomed since the decades-old ban was lifted less than two years ago.

Could Mexico Be the Next Panama Canal for Gas? Drillers Think So
Friday, October 20, 2017 America's drillers are looking for a cheaper and quicker route.

US Regulator To Monitor Winter Natgas Supply In California, New England
Friday, October 20, 2017 US energy regulators will pay attention to natural gas supply issues in Southern California and New England this winter.

Kemp: US Natural Gas Prices Under Pressure Even As Stocks Tighten
Friday, October 20, 2017 US natural gas stocks continue to tighten, but most traders appear unconcerned.

Russell: China Crude Oil Storage Splurge Is OPEC's Best Friend
Monday, October 16, 2017 China's crude oil imports surged to the second-highest on record in September, but this isn't a sign of supercharged demand in the world's second-biggest economy.

Asia Oil Buyers Turn To US In Hunt For Cheap Supply
Monday, October 16, 2017 Asia is set to ramp up crude oil imports from the United States in late 2017 and early next year.

Shrinking Europe Oil Glut Gets Even Smaller After US Hurricane
Wednesday, October 11, 2017 If you want to see how the oil market's re-balancing, just take a look at Europe's storage tanks.

Colonial Partners With Enterprise For Fuel Exports From Beaumont Terminal
Tuesday, October 10, 2017 Colonial Pipeline and Enterprise Products Partners said they have partnered to boost exports from the Beaumont refined oil products terminal in Texas.

Oil Traders Hoard Less on Ships Near Singapore as Market Flips
Monday, October 09, 2017 One of the biggest stores of oil at sea is showing signs of emptying out.

Total, Eni, Statoil Seek Buyers for N. Sea Teesside Terminal -Sources
Monday, October 09, 2017 The sale is run jointly by investment bank Rothschild and may fetch as much as $400 million, according to the sources.

Kemp: US Refiners Struggle to Keep Up with Demand for Distillates
Friday, October 06, 2017 Stocks have declined by 27 million barrels since the start of the year compared a 3 million barrel increase in the same period last year.

Chinese Fishermen Die As Boat Collides with Tanker in Japan Waters-Xinhua
Friday, October 06, 2017 Thirteen Chinese fishermen died after their boat collided with a Hong Kong oil tanker in international waters off Japan, state media Xinhua reported.

Buckeye Resumes Operation At Yabucoa, Puerto Rico; Tankers Discharge Fuel
Tuesday, October 03, 2017 Buckeye Partners has resumed operations at its marine oil terminal and storage tanks in Puerto Rico.

Joy And Relief Greet Puerto Rico Fuel Deliveries After Hurricane
Tuesday, October 03, 2017 Two weeks after Hurricane Maria plowed into Puerto Rico, finding gasoline and diesel has become a regular ordeal for the island's 3.4 million residents.

Matrix Global Plan US Sweet Crude Storage Contract Amid Export Growth
Thursday, September 28, 2017 The LOOP is the only US Gulf Coast port that can handle tankers known as Very Large Crude Carriers that are capable of transporting up to 2 million barrels of oil.

Statoil Charters Last of Largest Oil Tankers to Hold Crude for Asia Buyers
Thursday, September 28, 2017 The time charter of the ship comes despite the market structure for Brent crude futures flipping into backwardation, when spot prices are higher than for later delivery.

Phillips 66 Awards Texas Terminal Project to CB&I
Tuesday, September 26, 2017 It's CB&I's third project at Phillips 66's Beaumont Terminal in Nederland, Texas.

Strong Growth In Fuel Demand Accelerates Oil Market Rebalancing
Tuesday, September 26, 2017 Strong oil demand growth in emerging economies led by China and India, but also from Europe, is drawing down oil stockpiles faster than expected.

Iran Vows Oil Exports as Cargoes Seen Unscathed by Trump Threat
Monday, September 25, 2017 Iran will persist with exporting its oil to global customers, unfettered by Donald Trump's intensifying offensive against the country, according to the Middle East nation's state-run producer.

Enterprise: US Oil Exports To Meet 5% Of Non-US Global Demand By 2022
Monday, September 25, 2017 Crude oil exports from the United States will increase to meet 5 percent of global demand by 2022.

EPA Extends Enforcement Discretion for Harvey-hit Fuel Storage Facilities
Friday, September 22, 2017 Similarly, EPA extended enforcement discretion for certain air pollutants from gasoline storage tanks during so-called roof landings.

Buckeye Partners' Puerto Rico Oil Terminal Still Closed after Maria
Friday, September 22, 2017 Buckeye did not say if the tanks at the 4.6-million-barrel terminal were damaged by Hurricane Maria.

Abu Dhabi's Adnoc Is Said to Consider IPO for Shipping Business
Thursday, September 21, 2017 Abu Dhabi National Oil Co. is considering a plan to sell shares in its shipping unit as part of a broader strategy to attract investment.

Mexico's Pemex Says Gasoline, Diesel Supplies Guaranteed
Thursday, September 21, 2017 Pemex says its installations suffered no significant damage from an earthquake.

Caribbean Oil Terminals Make Preparations Ahead Of Hurricane Maria
Tuesday, September 19, 2017 Several Caribbean oil storage terminals that temporarily closed ahead of Hurricane Irma earlier this month have started making preparations in case they have to shut again.

Kemp: US Natural Gas Prices Rise As Winter Stocks Look Tight
Tuesday, September 19, 2017 US natural gas stocks look somewhat tight after low prices this summer worked off the excess stocks that built up in the first half of the year.

Turkey-Based Palmali Lodges $2B Claim Against Lukoil's Litasco
Monday, September 18, 2017 Palmali says it lodged a claim with the English High Court worth almost $2 billion against Litasco.

Oil Cargoes Shift Away Venezuela As Hurricanes Extend Disruptions
Monday, September 18, 2017 Shippers are sending oil cargoes originally bound for Venezuela to other spots in Latin America and the Caribbean, in advance of coming hurricanes.

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