Storage
Consortia target Citgo's Texas refinery as auction deadline looms
Citgo Petroleum's smallest and least profitable oil refinery has been thrust into the spotlight as a potential breakout candidate ahead of next week's court auction to pay over $20 B in Venezuela-related claims.
Singapore's middle distillates stocks edge up as net exports dip
Singapore's middle distillates stockpiles edged up 0.4% this week, tracking lower net exports of diesel/gasoil and jet fuel/kerosene and continuing imports from key regions such as China, India and Saudi Arabia.
Consortium signs MoU for the development of a green methanol facility in Egypt
AD Ports Group, Transmar and Orascom Construction have signed a Memorandum of Understanding (MoU) for the development of a green methanol storage and export facility in Egypt.
Goldman Sachs: Global LNG market to grow by 50% by 2029
Growth in oil investment shows signs of peaking in non-OPEC countries, while investment in liquified natural gas (LNG) is expected to increase more than 50% by 2029, according to Goldman Sachs Research.
Neste expands its sustainable aviation fuel supply capabilities in Europe in partnership with VTTI
Neste has further expanded its capability to supply sustainable aviation fuel to customers in Europe in cooperation with VTTI, a global leader in energy storage and developer of energy infrastructure.
U.S. to close Northeast gasoline reserve with 1-MMbbl sale
President Joe Biden's administration will sell nearly 1 MMbbl of gasoline in the U.S.-managed stockpile in northeastern states as required by law, effectively closing the near decade-old reserve.
China's April gasoline exports fall to lowest level since July 2015 on recovering domestic demand
China's gasoline exports in April fell to the lowest level since July 2015, as domestic travel and fuel use increased in the recovering economy.
Traders scramble for U.S. storage as distillates demand disappoints
Traders are rushing to fill up storage tanks along the U.S. East Coast with distillate fuels, like diesel and heating oil, data from storage broker The Tank Tiger shows, a sign of deepening oversupply that is weighing on refiners' profits.
Cepsa and Evos join up for green methanol storage in Spain and the Netherlands
Spanish energy company Cepsa has signed an agreement with Evos, a liquid energy and chemical storage company with hubs in strategic locations across Europe, to enable the storage of green methanol to be produced by Cepsa at Evos’ storage facilities in Algeciras and Rotterdam.
Pellet handling system for polyolefin plants: Are you specifying it correctly?
Product pellets produced in polyolefin plants—such as polyethylene (PE) or polypropylene (PP)—require transportation from the unit to the end users that process these pellets to manufacture different end-use plastic products.
- Hanwha Ocean signs strategic MoU with Kanata Clean Power for proposed $15.7-B, 12-MMtpy FLNG project in Canada 6/18
- Burckhardt Compression secures milestone order for first industrial scale liquefied CO₂ carrier supporting Northern Lights CCS project 6/18
- Dynelectro dispatches 250-kW electrolyzer unit to Syntholene’s Iceland eSAF project 6/18
- EIA: U.S. crude inventories decline for tenth week to over 40-yr low 6/18
- Australia opens first carbon refinery, making new products from captured CO2 6/18
- ABB expands non-invasive sensing portfolio to advance simpler, safer temperature measurement 6/18
