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INDUSTRY NEWS

22nd January 2018

Oman, BP in LNG deal

MUSCAT, January 22, 2018 - Oman  LNG has signed a seven-year sales agreement with BP, local and international media reported over the weekend.

27th November 2017

CNOOC approved for first phase of 10th LNG terminal

China National Offshore Oil Corp. (CNOOC) has received regulatory approval from the National Development and Reform Commission for the first phase of the 3 mtpa Zhangzhou LNG terminal in Fujian province, which will be the company's 10th terminal.

23rd November 2017

Sri Lanka to test fuel before shipment, build more storage tanks

November 23, 2017 [Economy Next] - Sri Lanka will test fuel before it is imported and build more storage tanks to expand capacity and prevent shortages triggered by unexpected supply disruptions and hikes in demand, the Ministry of Petroleum Resources Development said.

21st November 2017

Chemical Storage Tank Market Global Analysis 2017- CST, Poly Porcessing, BELCO, ZCL Comoposites and Snyder Industrial Tanks

Global Chemical Storage Tank market research report 2017 carries an in-depth investigation of Chemical Storage Tank market thus featuring important movements, business conveniences, developments and performances of different players of the Chemical Storage Tank market.

20th November 2017

Emerson proposes to acquire Rockwell Automation in transaction valued at $29bn

Emerson announced that its chairman and CEO, David N Farr, has sent a letter to Rockwell Automation President and CEO, Blake D Moret, proposing to acquire all outstanding shares of Rockwell for $225 per share, consisting of $135 per share in cash and $90 per share in Emerson shares.

10th November 2017

Sinking feeling: Asian floating oil storage declines as crude market tightens

SINGAPORE (Reuters) - The amount of oil stored on tankers around Singapore has dropped sharply in the last months, the latest indication that OPEC-led supply cuts are successfully tightening crude markets even as U.S. exports have soared.

5th November 2017

Bodies of all three victims in oil storage tank fire found

RAWANG: The bodies of three men who fell into an oil storage tank in Rawang have been recovered after the last victim, T. Baskaran, 49, was found at 6.09pm yesterday.

3rd November 2017

Singapore's Jurong Port enters oil storage business to combat cement slowdown

Singapore port operator Jurong Port is entering the oil storage business to diversify its revenue as volumes passing through its cement and steel terminals fall amid a slowdown in the construction and shipbuilding sectors, its chief executive said.

3rd November 2017

IOCL Begins Preliminary Work to Set Up Asanur Terminal

The Indian Oil Corporation Ltd (IOCL) has begun the initial work for setting up a ₹350 crore terminal at Asanur in Ulundurpet in Villupuram district where an intermediate pump station already exists. It is in the process of obtaining various clearances for the project.

25th October 2017

Vopak launches bunkering service at Singapore terminal

Vopak has launched bunkering services at its Seabarok terminal in Singapore, allowing tankers to refuel at the same time as loading or discharging cargoes.