Storage
China's surplus crude oil hits nearly 1 MMbpd for September
The weak position of China's crude oil sector was underlined by September data showing a sixth consecutive monthly drop in refinery processing, leading to nearly 1 MMbpd of oil being available for storage.
Singapore marine fuel sales down for second month in Sept., though biofuels climb
Sales of marine bunker fuel at Singapore eased for a second consecutive month in September, though marine biofuel sales surged to a fresh record high.
CB&I awarded contract by Saipem Clough JV for Perdaman project in Western Australia
CB&I has been awarded a lump sum contract by the Saipem Clough JV for engineering, procurement and construction of ammonia storage and other process tanks for the Perdaman Chemicals and Fertilisers Urea Plant located on the Burrup Peninsula, Western Australia.
Consortium to purchase CB&I from McDermott
A consortium led by Mason Capital Management announced that it has entered into a definitive agreement to acquire the CB&I storage solutions business from McDermott International, Ltd.
Shell, Equinor, TotalEnergies open Norwegian CO2 storage facility
Shell, Equinor and TotalEnergies said on Thursday their carbon dioxide (CO2) storage project on Norway's west coast is now completed and ready to receive CO2, with its first deliveries expected next year.
TankMatch and Evos team up to launch green methanol bunkering solutions
TankMatch, a leading barge operator, and Evos, a top-tier independent liquid bulk storage provider, have announced a dynamic new partnership aimed at delivering cutting-edge methanol bunkering solutions across the Amsterdam–Rotterdam–Antwerp (ARA) region.
U.S. offers $1.56-B conditional loan for Indiana ammonia facility
The U.S. Department of Energy (DOE) has made a conditional loan guarantee of up to $1.56 B to Wabash Valley Resources to help build a low-emissions ammonia production facility in Indiana.
Ineos to cease refinery operations at Grangemouth
Petroineos has announced its intention to cease refinery operations at Grangemouth and transition to a finished fuels import terminal and distribution hub during Q2 2025.
Case study: Developing mildew-resistant coatings on ethanol tanks
Scientists from the authors’ company determined how best to combat persistent black mildew on aboveground storage tanks by first using a novel strategy to identify it. This discovery led to the identification of coating formulations with superior capacity to prevent mildew growth. The scientists proved the performance of the coatings by conducting field tests involving painting sample patches onto an ethanol storage tank.
U.S. seeks up to 4.5 MMbbl for strategic petroleum reserve
The U.S. Department of Energy (DOE) said on Wednesday it is offering to buy up to 4.5 MMbbl of oil to help replenish the Strategic Petroleum Reserve (SPR), though oil prices are now higher than the target price it wants to make such purchases.
- UPM and BASF accelerate the transition to recyclable, fiber-based packaging 5/4
- Australia's Viva Energy expects to restart Geelong refinery units in June 5/4
- China's Commerce Ministry blocks U.S. sanctions against five refineries 5/4
- ADNOC launches Industrial Resilience Program at "Make it in the Emirates" to boost UAE industrial capacity and strengthen supply chains 5/4
- Iraq starts work on Basra-Haditha oil pipeline 5/4
- Record U.S. biofuel targets to test biodiesel industry after slow year 5/4
