StocExpo Antwerp 2016 - Antwerp Expo, 15 - 17 March 2016

The world's leading international event for the tank terminal industry
SE17 industry news BBC referendum

Shares and pound plunge on Leave vote

Date: 24th June 2016

Source: BBC

"The London stock market has plunged more than 8% in the wake of the UK's vote to leave the EU... Oil prices have also fallen sharply in the wake of the referendum outcome, with Brent crude down 5.2%..."

SE16 industry news

Fire crews battle oil storage tank fire; neighbors relieved no damage

Date: 20th June 2016


"Firefighters works to extinguish flames on three oil containers that caught fire Sunday in Bryan..."

SE16 World Oil industry news

BP can keep reducted spending level for another 3 years, CEO says

Date: 17th June 2016

Source: World Oil

"ST.PETERSBURG, Russia (Bloomberg)- BP can keep spending at a reduced rate of about $17 billion for another three years without affecting growth, CEO Bob Dudley said..."

SE16 industry news Maritime weekly

Yilport buys Turkey's largest liquids terminal

Date: 16th June 2016

Source: The Maritime Executive

"Turkish ports holding company Yilport has purchased 100 percent of Turkey's largest liquids terminal, Solventas Technical Storage in Dilovasi, Gulf of Izmir..."

SE16 industry news

Expect much higher oil prices as the cycle comes to an end

Date: 15th June 2016


"The last six major oil price cycles lasted an average of two years. This one started in July 2014..."

SE16 industry news Reuters

RPT- Lenders to U.S. oil and gas companies seek liquidity floors

Date: 3rd June 2016

Source: Reuters

"(Reuters/ LPC) - Banks are increasingly requiring U.S. oil and gas companies to maintain minimum levels of liquidity, an unusual step that could help reduce the risk of being exposed to companies struggling to maintain operations and repay debt..."

TSG Downstream Today industry news

U.S. crude oil stocks drop less than expected- EIA

Date: 2nd June 2016

Source: Downstream Today

"June 2 (Reuters)- U.S. crude stocks fell last week, though the decline was less than forecast, while gasoline and distillate stocks decreased, the Energy Information Administration said on Thursday..."

TSG industry news downstream today

Total readies sale of German chemicals maker Atotech- Sources

Date: 2nd June 2016

Source: DownstreamToday

"FRANKFURT, June 3 (Reuters)- French oil and gas producer Total has begun preparations for the sale of its speciality chemicals and equipment division Atotech, which may be valued at about 3 billion euros, sources said..."

SE industry news energy global

Magellan and LBC to expand crude storage

Date: 1st June 2016

Source: Energy Global

"Magellan Midstream Partners, L.P. (Magellan) and LBC Tank Terminals, LLC (LBC) have announced that they have entered into a letter of intent for Seabrook Logistics, LLC (Seabrook Logistics), owned 50/50 by Magellan and LBC, to expand its crude oil and condensate storage, marine capacity and pipeline infrastructure in the Houston Gulf Coast area..."

SE industry news Sonoran weekly

WTI crude oil trades below $49 per barrel ahead of release of inventory data

Date: 1st June 2016

Source: Sonoran Weekly Review

"West Texas Intermediate (WTI) crude oil futures for delivery in July were trading 1.0% lower at $48.59 per barrel during Wednesday’s pre-market trading session while Brent oil futures for delivery in August were down by 1.1% at $49.32 per barrel..."

TSG business wire industry news

LBC tank terminals holding Netherlands B.v. announces Q3 FY16 financial results conference call

Date: 30th May 2016

Source: Business Wire

"LBC Tank Terminals announced today it will hold a conference call to discuss its financial results for Q3 FY16 ended 31 March 2016..."

Stocexpo industry news 30 may

OPEC expected to keep output steady as oil rebalances

Date: 30th May 2016

Source: The Wall Street Journal

"VIENNA—The Organization of the Petroleum Exporting Countries isn’t likely to take any coordinated action on crude-oil output at its meeting on Thursday, representatives said, as the group sees signs of success with its hands-off approach of the past 18 months..."

Stocexpo industry news

Oil heading for $60

Date: 30th May 2016


"The UAE's economy minister sees oil jumping to $60 per barrel in the next few months..."

SE Downstream Today StocExpo industry news

Workers at French oil port terminal extend strike- Union

Date: 30th May 2016

Source: DownstreamToday

"PARIS, May 30 (Reuters)- Workers at the CIM, an oil storage and supply services company which handles about 40 percent of French crude imports, have voted to extend their strike at Le Havre port until 1000 GMT on Wednesday..."

StocExpo industry news

U.S. Europe oil tanker freight approached year low amid high stocks

Date: 29th May 2016


"Freight rates for oil tankers hauling cargoes of refined products such as ultra-low sulfur diesel to Europe from the U.S. are heading toward the lowest level this year as inventories of products remain full..."

SE Industry News Hellenic Shipping News

Strike holds up 38 oil tankers at France's biggest oil port

Date: 28th May 2016

Source: Hellenic Shipping News

"French CGT union members at the CIM, an oil storage and supply services company which handles about 40 percent of French crude imports, have voted to extend their strike at the port terminal until Monday, a union official told Reuters..."

StocExpo industry news Business Insider

This is the 'reckoning point' for a bunch of oil producers

Date: 28th May 2016

Source: Business Insider

"Oil prices have rebounded over the past few months..."

StocExpo indsutry news CBC News

P.E.I considers new rules for large oil storage tanks

Date: 27th May 2016

Source: CBC News

"The P.E.I. government is eyeing new regulations for oil tanks over 2,200 litres and says it's been reviewing its tank regulations for over a year..."

Petroleum Economist Industry news 31st May

Has Europe cracked its energy- security problem?

Date: 25th May 2016

Source: Petroleum Economist

"A Decade ago, energy security was- or seemed, in the context of energy-price inflation, bristling geopolitics and the tenacity of peak-oil theorists- an emergency..."

SE industry news

Canadian oil companies losing $50 million a day as fire rages

Date: 22nd May 2016


"Out-of-control wildfires that have consumed over a million acres of land in Canada's Alberta are costing oil companies as much as $50 million a day in lost production, according to analysts..."

SE industry news - seeking alpha 20th May

Tsunami of oil supply pushes global floating oil storage up almost 20%- Glut far from over

Date: 20th May 2016

Source: Seeking Alpha

"The oil supply outages coming from recent militant attacks in Nigeria and wildfires in Canada gave many in the financial industry a reason to call for much higher oil prices, with Goldman Sachs going so far as saying it has resulted in a quick rebalancing of the oil market..."

SE industry news Downstream today 19th may

With big outages in oil supply, buyers tap plentiful storage

Date: 19th may 2016

Source: Downstream Today

"NEW YORK, May 19 (Reuters) - Oil traders from Houston to the North Sea are tapping into plentiful storage onshore and offshore, evincing little sign of concern yet about mammoth supply losses from Canada to Nigeria that has knocked out about 2 million barrels a day of output..."

SE industry news 16th may The Telegraph

FTSE 100 closes higher and oil nears $50 a-barrel as Goldman forecasts deficit

Date: 16th May 2016

Source: The Telegraph

"Mining giant Anglo American is no longer feeling "unloved" after a double ratings upgrade from Bank of America Merrill Lynch prompted a share price jump..."

SE industry news Hydrocarbon Engineering 13 May

EDF: EPA's oil and gas methane limits are crucial

Date: 13th May 2016

Source: Hydrocarbon Engineering

"On 12 May, the US Environmental Protection Agency finalised clean air standards limiting emissions of methane from new and heavily modified sources in the oil and gas industry..."

SE industry news the Fortune 13 may

Falling Chinese demand could intensify the oil war

Date: 13th May 2016


"The Chinese slowdown did more than drag down its own economy, it singlehandedly created financial tremors throughout the global financial markets..."

SE industry news- Reuters 13th may

Global oil demand surprises on the upside: Kemp

Date: 13th May 2016

Source: Reuters

"Global oil consumption is growing much faster than most analysts expected at the start if the year but increases in demand remain very uneven geographically and by fuel..."

SE industry news downstream today

Honeywell to spin off its $1.3 bln resins and chemicals business

Date: 12th May 2016

Source: Downstream Today

"May 12 (Reuters) - Honeywell International Inc, a U.S. manufacturer of aerospace parts and climate control systems, said it would spin off its $1.3 billion resins and chemicals operations into a standalone company, as it focuses on higher-growth businesses..."

SE industry news- downstream today 12 may

Global oil demand surprises on the upside

Date: 12th May 2016

Source: Downstream Today

"LONDON, May 12 (Reuters)- Global oil consumption is growing much faster than most analysts expected at the start of the year but increases in demand remain very uneven geographically and by fuel..."

SE industry news 9th may Downstream Today

In rare reversal, Brazil exports Diesel to Europe

Date: 9th May 2016

Source: Downstream Today

"LONDON, May 9 (Reuters)- Brazil has joined a list of countries exporting diesel to Europe, reversing a traditional route and underscoring a weakening of the largest South American economy..."

SE industry news Hydrocarbon engineering

Honeywell UOP to supply technology for EagleClaw

Date: 9th May 2016

Source: Hydrocarbon Engineering

"Honeywell UOP has announced that it will provide a modular Honeywell UOP Russell cryogenic gas processing plant to help EagleClaw Midstream Ventures recover valuable natural gas liquids (NGLs) in the Permian Basin..."

SE press industry Tank Terminals

First part of he New Jetty at LBC Rotterdam Terminal Finished

Date: 7th May 2016


"May 7, 2016 [Europoort Kringen] - The Port of Rotterdam finished the first part of the new jetty for the LBC terminal in Botlek Rotterdam last week. The jetty is expected to be put into operation in 2018..."

SE industry news Reuters

Major oil firms issue force majeures on Canadian crude

Date: 7th May 2016

Source: Reuters

"Three major oil firms have warned they will not be able to deliver on some contracts for Canadian crude, a further sign that output cuts due to wildfires are curbing supplies from the Alberta oil sands region..."

SE industry news

Gasoline Exports from Port of Barcelona Surge

Date: 6th May 2016


"May 6, 2016 [OPIS] - Gasoline exports out of Spain's Port of Barcelona more than doubled during the first three months of the year while diesel exports fell, according to the latest data available from the port authority..."

SE industry news Hydrocarbon Engineering

BIMCO: tanker shipping market overview

Date: 6th May 2016

Source: Hydrocarbon Engineering

"Supported by slow fleet growth and ongoing positive refinery margins, very large crude carrier (VLCC) earnings in 1Q16 were up from a year ago, but down from 4Q15 as was expected at US$58 367 per day for VLCC (+5.7% year on year)..."

SE industry news Downstream today

Oil market at crossroads as big rally masks risks lurking ahead

Date: 6th May 2016

Source: Downstream Today

"A slump in U.S. production, unexpected cuts in output from Nigeria to Colombia and rising gasoline demand have helped drive a major rally since mid-February..."

SE industry news PR Newsire

Midwest Oil & Gas releases oil reserves estimates for its Texas property

Date: 6th May 2016

Source: PR Newswire

"PAYSON, Ariz., May 6, 2016 /PRNewswire/ -- Midwest Oil and Gas (OTC PINK: MWOG) announced today that it has received the results of a study conducted by a third party geologist to estimate the oil deposits of its newly acquired 160-acre lease in Callahan County, Texas..."

StocExpo industry news downstream today

U.S. Energy Secretary sees oil supply, demand rebalancing in a year

Date: 2nd May 2016

Source: DownstreamToday

"KITAKYUSHU, Japan, May 2 (Reuters) - U.S. Energy Secretary Ernest Moniz said he expects global oil supply and demand to rebalance in about a year's time..."

StocExpo industry news fuel fix 27 Apr

Oil breaks above $45 a barrel

Date: 27th April 2016

Source: Fuelfix

"Oil climbed above $45 a barrel in New York for the first time since November after U.S. industry data showed a decline in crude stockpiles..." industry news

Vopak Boosts Profits Amid Strong Demand for Tanks

Date: 21st April 2016


"April 21, 2016 [OPIS] - Vopak, a tank storage provider for the oil and chemical industry, boosted profits 5% in the first quarter as demand for storage grew, but revenues were flat after it trimmed global storage capacity..."

Downstream Today industry news

Consolidated Edison, Crestwood Form Pipeline Storage JV

Date: 21st April 2016

Source: Downstream Today

"April 21 (Reuters) - Consolidated Edison Inc said its unit would purchase a 50 percent stake in a new entity that will hold Crestwood Equity Partners LP's natural gas pipeline and storage business for $975 million..."


Oil market focus to shift from oversupply to lack of supply- Saxo Bank

Date: 21 April 2016

Source: Azernews

"The rebalancing process on the oil market is well underway, especially in North America, where the U.S. and Canadian high cost producers are forced to cut production, Ole Hansen believes..."

Reuters Africa

Hess Corp. sold Bakken crude for export from the U.S. Gulf Coast to Europe

Date: 15 April 2016

Source: Reuters

"HOUSTON, April 15 (Reuters) - Hess Corp. on Friday confirmed it sold 175,000 barrels of Bakken crude for export out of the U.S. Gulf Coast that is currently being transported by the buyer to a Europwan refinery..."

Downstream 15 april

Engie Files Arbitration Case Against Over Gas Sector Policies

Date: 15 April 2016

Source: DownstreamToday

"BUDAPEST, April 15 (Reuters) - Engie Group is in talks with the Hungarian government about the sale of Hungarian gas distribution system operators Egaz and Degaz, its local unit GDF SUEZ Energia Holding Hungary said on Friday..."

Industry news 15/04

Despite pay revolt, BP shareholders sticking with Dudley

Date: 15 April 2016

Source: Daily Mail via Reuters

"LONDON, April 15 (Reuters) - The future of Bob Dudley at the head of BP seems untarnished by shareholders' unusual rejection of his pay package as 99.6 percent of them also backed his re-appointment and trust him to lead the company through a period of weak oil prices..."

Hellenic industry news

UK's Coryton oil storage terminal opens as glut grows

Date: 7th April 2016

Source: Hellenic Shipping News

"The Thames Oilport terminal near London opened on Wednesday after nearly four years of development, at a time when a global oil glut and a collapse in fuel prices are making storage an attractive investment..."

The point review industry news

Morning Roundup on Oil & Gas Stocks: BP plc (ADR) (NYSE:BP), Encana Corporation (USA) (NYSE:ECA), Exxon Mobil Corporation (NYSE:XOM)

Date: 1st April 2016

Source: The Point Review

"BP plc (ADR) (NYSE:BP) slipped -2.25% to reach at $29.50. The company has experienced volume of 5.52 million and trading in the range of $29.23 - $29.59 for the current session..."



Ship & bunker

Vitol looking to cash in on oil glut with sale of a stake in VTTI

Date: 7th March 2016

Source: Ship & Bunker

"Vitol is looking to cash in on the oil storage boom resulting from the current oil glut, and sell a stake in its wholly-owned oil storage company VTTI, according to reports Friday..." industry news

Natural gas prices could plunge below $1 here

Date: 6th March 2016


"Natural gas prices in the United States dropped their lowest levels since 1998 on March 1, with Henry Hub spot prices falling to $1.57 per million Btu (MMBtu)..."

Business Standard Tribune

VTTI Energy Partners LP (NYSE:VTTI) Short Interest Increased By 7.49%

Date: 6th March 2016

Source: Business Standard Tribune

"The stock of Vtti Energy Partners LP (NYSE:VTTI) registered an increase of 7.49% in short interest. VTTI’s total short interest was 292,900 shares in March as published by FINRA..."

Wall Street Journal- railcars

The New Oil-Storage Space: Railcars

Date: 28th February 2016

Source: The Wall Street Journal

"U.S. market is so oversupplied with oil that traders are experimenting with a new place for storing excess crude..."

26 feb downstream today

Vopak Earnings Top Forecasts, Sees 2016 Terminal Occupancy Above 90 Pct

Date: 26th February 2016

Source: Downstream Today

"AMSTERDAM, Feb 26 (Reuters)- Vopak, the world's largest independent storage tank operator, on Friday reported core earnings ahead of analysts' expectations, but shied away from forecasting profit growth in 2016..."

Tank Terminals 26 Feb

Vopak Reports on 2015, Storage Capacity Developments, Divestments

Date: 26th February 2016


"Vopak EBITDA increased by 6% to EUR 812 million, EBIT increased by 6% to EUR 556 million..."

Nasaq 25 feb

Oil Prices turn positive on cutback hopes

Date: 25th February 2016

Source: Nasdaq

"Oil prices shook off losses Thursday and ended the day with a gain after Venezuela's oil minister said his country would meet with other top global producers to discuss efforts to stabilize the market..."

Hellenic shipping news

Oil barges pile up outsde ARA ports as storage fills

Date: 22nd February 2016

Source: Hellenic Shipping News

"Dozens of barges carrying refined oil products are being held outside major northwest European ports as storage tanks are saturated, traders said..."

Industry news

Oil barges pile up outside ARA ports as storage fills

Date: 20th February 2016

Source: The Business Times

"Dozens of barges carrying refined oil products are being held outside major northwest European ports as storage tanks are saturated, traders said on Friday..."

Industry news

Half of Global oil glut may disappear if output deal works says Russia

Date: 19th February 2016

Source: DownstreamToday

"KRASNOYARSK, Russia, Feb 19 (Reuters) - The global oil market is over-supplied by around 1.8 million barrels per day (bpd), but that glut could be halved if a deal to freeze oil production at last month's levels takes effect, a top Russian energy official said on Friday..."

Energy voice industry news

The robber baron who botched the world's first oil storage trade

Date: 19th February 2016

Source: Energy Voice

"A century and a half before the current supply glut sent oil prices into contango, one of America’s greatest industrialists tried to make money by storing crude. He failed..."

Seeking alpha industry news

2016 Oil and natural gas production and storage forecasts

Date: 19th February 2016

Source: Seeking Alpha

"This article presents production forecasts for each of the seven most prolific oil and gas basins on the U.S. mainland. The results are then translated into 2016 storage forecasts..."

Downstream today

Germany rejects EU plan for Levy on industry green energy

Date: 17th February 2016

Source: Downstream Today

"BERLIN, Feb 17 (Reuters) - Germany has rejected as unacceptable European Commission plans to make industrial firms generating their own power pay a surcharge to help fund a transition to renewable energy, according to an economy ministry paper seen by Reuters..."

industry news

Odfjell are still in the red

Date: 12th February 2016

Source: Tanker Operator

"Odfjell has reported a significant improvement in the group's underlying performance in 2015 with $100 mill in annual savings achieved..."

Downstreamtoday news

Digital shadows offers new defense to oil, gas cyberthreats

Date: 11th February 2016

Source: Downstream Today

"As the oil and gas industry pushes towards greater use of automation and digital technologies to enhance operational efficiency, productivity and safety, it must grapple with the cybersecurity threats that automation and digital technology present..."

Bloomberg business news

Oil Nears Critical Storage Levels

Date: 11th February 2016

Source: BloombergBusiness

"Bloomberg's Dan Murtaugh reports on the price, storage and production of oil. He speaks on "Bloomberg Markets..."

WSJ news

Oil Glut: What Storage Signals Mean for Prices

Date: 11 February 2016

Source: The Wall Street Journal

"There is only a one- letter difference between Cushing and crushing. The latter is what the storage depots at the small Oklahoma town are doing to the global oil market this week..."


Puma energy sees refinery closures, low oil price boosting storage ops

Date: 10th February 2016

Source: Downstream Today

"LONDON, Feb 10 (Reuters) - Refinery closures will eventually funnel the world's diesel, gasoline and jet fuel into "mega hubs" that are increasingly far from the end consumer, boosting the value of storage and logistics operations, Puma Energy executives said..."

The register industry news

Go and whistle, IDC. The storage world's going to hell in a handbasket

Date: 5th February 2016

Source: The Register

"Data volumes are growing like crazy and yet there's a case to be made that 2016 is going to be a tough old year for storage..."

Market Realist 5th feb

Crude oil prices fall again on rising oversupply concerns

Date: 5th February 2016

Source: Market Realist

"March WTI (West Texas Intermediate) crude oil futures on NYMEX fell by 1.7% and settles at $31.72 per barrel yesterday..."

CNBC indsutry news

Obama to propose $10-per-barrel fee on oil

Date: 5th February 2016

Source: CNBC

"President Barack Obama will propose a $10-per-barrel charge on oil to fund clean transportation projects as part of his final budget request next week, the White House said Thursday..."



Industry news

Zenith Energy Acquires Amsterdam Terminaling Assets from BP

Date: 2nd February 2016

Source: Port of Amsterdam

"An international liquids and bulk terminaling company, today announced that it has signed an agreement to acquire a liquids storage terminal facility in Amsterdam from BP plc. Zenith expects to take ownership of the terminal by the end of Q1 2016m following a transition process..."

storage terminals magazine

Vopak completes Thames Oilport share sale

Date: 1st February 2016

Source: Storage Terminals Magazine

"Royal Vopak has completed the sale of Vopak Holding UK, comprising Vopak's 33.3 percent stake in the joint venture Thames Oilport (the form Coryton refinery) to Greenergy..."

arabian oil and gas industry news

Shell wins shareholder nod to purchase BG Group

Date: 31st January 2016


"Royal Dutch Shell Plc has won the approval of its shareholders to buy BG Group Plc, sealing its biggest acquisition amid the worst oil-industry slump since the global financial crisis..."

30th Jan Motely Fool industry pic

Crude Oil Prices 2016: What to Expect

Date: 30th January 2016

Source: The Motley Fool

"Crude oil prices have been incredibly volatile since the summer of 2014, and predictions of where it's going in 2016 range from $20 to $100 per barrel..."

San Antonio Express news industry

Demand for oil storage, Corpus Christi facility help push NuStar to a profit

Date: 29th January 2016

Source: San Antonio Express- News

"A glut in U.S. oil production and a strong volume of South Texas crude moving through its facility in Corpus Christi helped push pipeline and storage company NuStar Energy LP to a profit in the fourth quarter, beating analyst estimates..."

Energy Global 29th Jan industry news

Russian position on oil production moving, but deal still unlikely

Date: 29th January 2016

Source: Energy Global

"Russian Energy Minister Alexander Novak confirmed Russia’s readiness to meet with producers to discuss oil production. Such meetings are not unprecedented and in the past Russian officials have attending OPEC meetings without making any commitments to limit Russian production..."

Downstream today

Investors in Thriving European Refineries on Alert for Turning Point

Date: 29th January 2016

Source: Downstream Today

"MILAN, Jan 29 (Reuters)- A rebound in oil prices this month could test the nerves in European oil refiners, a sector that has sparkled as cheap crude fattened profit margins..."

DownstreamToday 29th

Germany seeks to calm polish concerns over Nord stream-2

Date: 29th January 2016

Source: DownstreamToday

"WARSAW/ BRUSSELS, Jan 29 (Reuters)- A new pipeline to double Russian gas flows to Germany will only go ahead if Russia does not cut off Ukraine and eastern European gas flows, German Vice Chancellor Sigmar Gabriel told the Polish government on Friday..."

Tank terminals industry news

Inter Terminals Invests in Oil Storage and Handling in Scandinavia

Date: 28th January 2016

Source: Tank Terminals

"January 28, 2016 [Inter Terminals Ltd.] - Inter Terminals is taking a proactive approach to the continuing contango in the oil market with a multi-million Euro investment in large ship handling and oil storage capacity at its Asnaes Oil Terminal (AOT) in the Danish Straits, the third most active channel for oil products in the world..."

Tank Terminals industry news

Trend in Liquid Bulk Operation of the Baltic Sea Based Russian Ports in 2015

Date: 27th January 2016


"January 27, 2016 [PortNews IAA] - Liquid bulk volumes at Russian ports in the Baltic Sea grew by 6.7%  to 140.7 million tonnes, including 72.7 million tonnes of crude oil (+9.5% YoY), 68 million tonnes of oil products (+3.9%)..."

Globe news 27 Jan

Date: 27th January 2016

Source: Globe News Wire

"Matrix Service Company (Nasdaq:MTRX) announced today that its subsidiary, Matrix Service Inc., has been awarded a contract for the engineering, procurement, fabrication and construction of a 1,000,000 gallon liquefied natural gas (LNG) cryogenic tank for the second Eagle Plant in Jacksonville, Fla.  The first plant is the previously announced Export Project currently in the FERC process. Eagle LNG is a wholly owned subsidiary of Ferus Natural Gas Fuels LP..."

The Motley Fool- 23rd jan

Oil Prices: Have We Finally Reached the Breaking Point?

Date: 23rd January 2016

Source: The Motley Fool

"It seems like the oil market is finally getting to the point where it is breaking the will of oil producers to keep pumping. With oil recently falling below $30 a barrel, producers from around the world are not only turning off drilling rigs, they are starting to shut down oil wells, too..."

Downstream today 22nd Jan

Iran Signs Oil Deal With European Refiner as Sanctions End

Date: 22nd January 2016

Source: DownstreamToday

"(Bloomberg)- Iran signed an agreement to supply crude oil with Hellenic Petroleum SA, a Greek oil refinery, in what may be the Persian Gulf producer's first such deal with a European company since the removal of international sanctions this month..."

22nd Jan Downstream Brazil

Brazil's Petrobras close to selling Braskem Stake- Source

Date: 22nd January 2016

Source: DownstreamToday

"RIO DE JANEIRO, Jan22 (Reuters)- Brazil's state-led oil company Petroleo Brasileiro SA is on the verge of selling its stake in Brazilian petrochemical company Braskem SA and expects to complete the sale by the end of June, a Petrobras source told Reuters on Friday..."

Oilprice- 21st jan

The World is not running out of storage space for oil

Date: 21st January 2016


"The IEA struck a dour tone on the state of the global economy in 2016 in its latest monthly Oil Market Report, and even included a stark warning that the markets could “drown in over-supply” because of rising storage levels around the world..."

Reuters 20th Jan

Ample storage space for oil may limit price moves

Date: 20th January 2016

Source: Reuters

"There is more storage space for crude around the world than anticipated, which will help prevent further sharp falls in the price but also weigh against significant price rises, analysts and industry watchers say..."

BBC News 21 Jan

BP boss: Oil price will rise

Date: 20th January 2016

Source: BBC News

"The boss of BP has predicted that the oil price will rise in the second half of the year as demand increases from American and China and supply begins to ease as the US shuts down production..."

BBC industry news SE

Global stock markets fall amid oil rout

Date: 20th January

Source: BBC News

"Stock markets worldwide have tumbled with investors unsettled by the continued slide in oil prices and fears about the impact on global growth..."

The daily star industry news

Oil plummets to $29, dragging world stocks lower

Date: 17th January 2016

Source: The Daily Star

"Oil prices plummeted to $29 a barrel on Friday on the likely resumption soon of Iranian oil exports into an already flooded market as international sanctions against Iran are lifted, dragging equity indices around the world sharply lower..."

Tank Terminals 16 Jan industry news

Port of Rotterdam Crude Oil Throughput up 8.1% in 2015

Date: 16th January 2016


"Low oil prices result in high margins for the refineries, so they have large quantities of oil shipped in for refining, Port of Rotterdam Authority CEO Allard Castelein said in a statement, adding that 'this not only applies to the refineries in Europe but also to those in Russia..."

Fool Industry news Jan

Oil investing: 3 Bold Predictions for 2016

Date: 16th January 2016

Source: Fool

"The bottom for oil, the end of upstream master limited partnerships, and a megamerger..."

Downstream Today

Neste Jacobs to Deliver Simulator for Porvoo Refinery Units

Date: 15th January 2016

Source: DownstreamToday

"Neste Jacobs, a technology, engineering and project management company and Neste, Baltic region's leading refiner and distributor of oil products and the world's largest producer of renewable fuels, have signed an agreement for Neste Jacobs to deliver Neste a full scale Operator Training Simulator for crude oil distillation unit and gasoline sulphur removal unit of the Porvoo refinery..."

Downstream Today

Oil and Gas Boosts Volumes at Rotterdam Port in 2015

Date: 15th January 2016

Source: Downstream Today

"AMSTERDAM, Jan 15 (Reuters)- Rotterdam port, Europe's largest, handled a record volume of goods in 2015, almost entirely due to higher throughput of cheaper oil and gas, it said on Friday..."

TSM 15 Jan industry news

Port of Rotterdam enjoys significant oil throughput

Date: 15th January 2016

Source: Tank Storage Magazine

"A growth of almost 5% at the Port of Rotterdam has been attributed to the increased throughput of crude oil and oil products.."

VOPAK youtube video

Moving a tank in Australia

Date: 14th January 2016

Source: youtube

A great time lapse video by our colleagues in Australia showing how they safely moved a tank.

Industry ews downstream today 11 jan

Traders eyes alaskan oil exports to asia as shipping ban ended

Date: 8th January 2016

Source: Downstream Today

"SINGAPORE/ Houston, Jan 8 (Reuters) - Oil traders in Asia are running the numbers on importing Alaskan crude, after the end of a four-decade ban on U.S exports also eliminated a costly tanker requirement for shipping North Slope oil overseas..."

bbc news SE industry news

Date: 6th January 2016

Source: BBC News

"The oil price has tumbled again, with Brent crude sinking by 4.2% to $34.88 a barrel on Wednesday, taking the price to its lowest level since 1 July 2004..."

PennEnergy industry news SE

Cushing crude oil storage at all-time high for week ending January 1

Date: 4th January 2016

Source: PennEnergy

"Crude inventions at Cushing, OK, reached an all-time high for the week ending January 1, 2016, surpassing the previous all-time high set April 14, 2015, by nearly 347,000 bbls, according to Genscape..."

Sputnik Industry News

Russia Oil output rises to new record high in 2015

Date: 3rd January 2015

Source: Sputnik

"In 2015, Russia's oil output amounted to a record 534.081 million metric tons, 40 percent higher than in 2014, according to media reports..."

Leaving 20156 behind oil price

Leaving 2015 behind, Will 2016 see oil rebound?

Date: 31st December 2015


"In the last article of the year, we start with some key figures from the oil and gas industry. The oil and gas industry, along with its investors, are no doubt happy to close the books on 2015, one of the worst years in recent memory..."

America's downstream today

America's first shale gas export terminal starts production

Date: 31st December 2015

Source: Downstream Today

"(Bloomberg)- Cheniere Energy Inc. began production at what will become the first terminal to export natural gas from America's shale formations, according to ING Capital LLC, which helped finance the project..."

Downstream today industry news

Russia's Rosneft Extends Contract with Poland's PKN Orlen

Date: 31st December 2015

Source: DownstreamToday

"MOSCOW, Dec 31 (Reuters)- Russia's top oil producer Rosneft said on Thursday it had agreed to extend its contract with PKN Orlen on supplying oil to Poland by three years..."

Oil tumbles industry news

Oil tumbles 3% after unexpected US rise in stockpiles

Date: 31st December 2015


"New York, United States- Oil price sank Wednesday after an unexpected rise in US commercial crude stockpiles reinforced worries about the prolonged global oversupply..."

The times industry news

Cost of using supertankers as floating oil storage soars

Date: 31st December 2015

Source: The Times

"The cost of hiring the giant oil tankers used to ferry crude around the globe has surged to its highest level in at least six years as a growing global glut of oil fuels rising demand for the specialist vessels..."

Downstream today_Norway

Norway's Pipeline Gas exports to Europe hit new record high

Date: 30th December 2015

Source: Downstream Today

"OSLOm Dec 30 (Reuters)- Norway's pipeline gas exports to Europe hit a fresh annual record high of 107.9 billion cubic metres as of Dec 29, preliminary data from gas system operator Gassco showed on Wednesday..."

CNBC industry news 23 Dec

Oil heading below $30. Here's why: Expert

Date: 23rd December 2015

Source: CNBC

"Despite a rally Wednesday, crude oil prices could restart their downward spiral if supplies in storage continue to grow, one market watcher contended..."

bulk distributor

Guangzhou and Antwerp sign 'twin ports' agreement

Date: 22nd December 2015

Source: Bulk Distributor

"The ports of Guangzhou and Antwerp have this month signed a twinning agreement, committing to closer collaboration across several aspects of their operations..."

Forbes industry news

In rare occurrence, oil tanks are reaching capacity as prices keep falling

Date: 22nd December 2015

Source: Forbes

"Oil prices have been under pressure, and it's all about supply. The world is experiencing a glut of oil production, with no likely slowdown until the end of 2016. The market rout look to continue well into the first quarter of next year, with price per barrel heading into the $20s, as oil producers keep pumping and large regions of the world run out of places to store it..."

Coryton industry news

Coryton oil storage to open in 2016 with global glut boost

Date: 21st December 2015

Source: Reuters

"The Thames Oilport terminal near London will open next spring, its operator Greenergy said on Monday, as a rising glut in oil supplies has made storage one of the industry's most attractive investments..."

Uk downstream today

UK's Coryton Oil Storage to Open in 2016 with Global Glut Boost

Date: 21st December 2015

Source: Downstream Today

"LONDON, Dec 21 (Reuters)- The Thames Oilport terminal near london will open next spring, its operator Greenergy said on Monday, as a rising glut in oil supplies has made storage one of the industry's most attractive investments..."

Forbes industry news

Will Full Storage Tanks Crash the Price of Oil?

Date: 16th December 2015

Source: Forbes

"A number of analysts have suggested that oil prices might crater to $20 a barrel if storage tanks become full, which is certainly a possibility. There is significant uncertainty, but some indicators suggest this may be approaching..."

Industry news- China

China to build filling station on disputed South China Sea island

Date: 14th December 2015

Source: The Guardian

"Chinese oil major Sinopec is building a filling station on an island in the South China Sea, as China continues to expand its civilian infrastructure in the disputed waterway, entrenching its reach in the maritime heart of Southeast Asia..."

Downstreamtoday 11 dec

Oil Traders Aren't Dancing the Crude Contango This time Around

Date: 11th December 2015

Source: DownstreamToday

"Back when the global recession trashed oil demand and prices, the likes of BP Plc and vitol Group found a novel way to profit: They stashed crude on tankers. With a slump of similar magnitude now, traders are seldom finding the same opportunities..."

The wall street journal_ 11th dec

China Says Strategic Oil Reserves Double to 26.1 Million Metric Tons

Date: 11th December 2015

Source: The Wall Street Journal

"BEIJING- China's government said Friday it had doubled national oil stockpiles during the past year, as it looks to take advantage of cheap global supplies to follow wealthy nations in building strategic reserves..."

Industry news_ market realist

Cushing Crude Oil Inventory Hits 90% of Storage Capacity

Date: 11th December 2015

Source: Market Realist

"The latest data from Genscape suggest that the crude oil inventory at Cushing, Oklahoma, has hit 90% of storage Capacity. The rising crude oil inventory at Cushing will put pressure on crude oil prices..."


Buncefield 10 years on: progress achieved

Date: 11th December 2015

Source: TCE Today

"A NEW report marking the ten-year anniversary of the devastating blast at Buncefield oil depot has found significant progress has been made in industrial safety..."

DownstreamToday 8th Dec

Date: 8th December 2015

Source: DownstreamToday

"Shell announced Tuesday that it has taken the final investment decision to build a solvent deasphalter (SDA) Unit at its 404,000-barrel per day Pernis refinery in Rotterdam, the Netherlands..."

Reuters Industry news

Oil storage business is booming: Kemp

Date: 4th December 2015

Source: Reuters

"Oil producers may be struggling as a result of low prices but the oil storage business has never been in better shape..."


Aloha Petroleum $650K for Hilo tank violations

Date: 4th December 2015

Source: West Hawaii Today

"HILO- Aloha Petroleum has agreed to pay $650,000 to settle clean air and clean water acts violations at its Hilo East bulk fuel storage terminal, one of the company's two fuel storage facilities near Hilo Harbor, according to the U.S. Environmental Protection Agency..."

Industry news Fuel fix

Oil tanker rates jump to seven-year high as ships forced to wait

Date: 3rd December 2015

Source: FuelFix

"Oil tanker rates soared to the highest in seven years amid an acceleration in the number of bookings and signs that the ships are being delayed when unloading due to the lack of space in on-land storage tanks..."


3rd December 2015

Oil Storage Business is Booming- Downstream Today

"Oil producers may be struggling as a result of low prices but the oil storage business has never been in better shape..."

IndustryNews_2nd Dec

Oil falls below $40 after another storage surge

Date: 2nd December 2015

Source: FuelFix

"U.S crude fell to $39.94 per barrel Wednesday, the first time since August oil has settled below $40..."


China oil storage lease helps revive Caribbean refiner Hovensa

Date: 1st December 2015

Source: Reuters

"A long-sought deal to bring a Caribbean oil refinery out of bankruptcy emerged on Tuesday, unexpectedly including a partnership with U.S. commodity trader Freepoint and handing Asia's biggest oil refiner, Sinopec, access to a huge oil storage facility..."

Russian refinery adopts new AUMA actuation technology

Date: 27th November 2016

Source: Oil & Gas Technology

"The JSC TANECO Oil Refining and Petrochemical complex located in Nizhnekamsk, Russia has purchased AUMA’s new actuation solution for lift plug valves..."

Industry News- Super Contango

Oil market in 'super contango' as U.S. stockpiles near storage capacity

Date: 24th November 2015

Source: Calgary Head

"Surging U.S. crude stockpiles that have filled storage tanks near capacity are widening the discount on immediate oil deliveries..."

News.Markets 23rd Nov Industry News

Record crude oil storage doesn't tell whole story

Date: 23rd November 2015

Source: News.Markets

"A range of factors from mounting dollar strength to aggressive production levels in supplier countries keen to maintain market share has been behind oil's 2015 slide; a slide which some could take the price of a barrel as low as $20..."

Platts 20th Nov Industry News

North Sea traders eye floating storage options

Date: 20th November 2015

Source: Platts

"North Sea traders have been eying floating storage options this week as discounted prompt oil and a relatively wide contango structure peaked interest in floating storage plays, shipping sources and traders said..."

CBS News 20th Nov Industry News

Russian airstrikes blast ISIS oil facilities in Syria

Date: 20th November 2015

Source: CBS News

"MOSCOW- The Russian military has destroyed numerous oil facilities and tankers controlled by ISIS in Syria, sharply cutting its income, Russia's defense minister said Friday..."

ppdent 20th Nov Industry News

High-Tech Natural Gas Terminal Opening in Finland

Date: 20th November 2015


"A new liquefied natural gas (LNG) terminal will provide needed gas for ships and industrial complexes in Finland..."

HoumaToday_industry news

Oil storage hub near Galliano expanding

Date: 19th November 2015


"The Louisiana Offshore Oil Port is doubling the size of the expansion of its above-ground storage capacity for crude oil at its Clovelly Hub near Galliano..."

The telegraph 19th Nov industry news

Goldman eyes $20 oil as glut overwhelms storage sites

Date: 19th November 2015

Source: The Telegraph

"The world is running out of storage facilities for surging supplies of oil and may soon exhaust taker space offshore, raising the chances of a violent plunge in crude prices over coming weeks, experts have warned..."

19th Nov Industry News Reuters

Oil traders prepare for next big price drop in March 2016

Date: 19th November 2015

Source: Reuters

"Oil traders are preparing for another downward turn in prices by March 2016, market data suggests, as what is expected to be an unusually warm winter dents demand just as Iran's resurgent crude exports hit global markets after sanctions are ended..."

Seating Chair 14 Nov industry news

IEA report suggests oil won't return to $80 until 2020

Date: 14th November 2015

Source: Seating Chair

"Brent for December settlement, which expires Friday, was 54 cents higher at $44.60 a barrel on the London-based ICE Futures Europe exchange..."

11th Nov Tank Terminals

Exxon Couples Rotterdam Hydrocracker Project with Tank Storage Boost

Date: 11th November 2015


"Besides building a new hydrocracker and modifying an existing one, adding six storage tanks is part of the more tan $1 billion investment projects, hiking storage capacity by 140,000 cbm (882,000 bbl)..."

4 Nov the wall street journal

Enbridge to Invest $5 Billion in Gulf Coast Oil Terminals

Date: 4th November 2015

Source: The Wall Street Journal

"CUSHING, Oklahoma- Enbridge Inc. of Canada plans to spend $5 billion building three oil storage facilities in the Gulf of Mexico region as part of a "full frontal assault" aimed at fortifying its strategic position in the U.S. market, a company official said..."

Emerson launches new wireless-based corrosion monitoring system

Date: 27th October 2015

Source: Oil & Gas Technology

"Roxar Corrosion Monitoring System leads to reduced downtime, optimal production processes and the right and most profitable balance of crudes..."

Environmental Southland industry news

Environment Southland reveals oil and gas investments worth $520,000

Date: 26th October 2015

Source: Business Day

"Environment Southland has investments in oil and gas activities to the tune of $520,000 as part of its portfolio, a report to the council says..."

Kanas Industry News

Lower oil, gas prices hit some Kansas county budgets hard

Date: 25th October 2015


"TOPEKA, Kan. (AP)- Lower energy prices benefiting consumers at gasoline pumps have hit oil- natural gas-producing counties in western Kansas hard, forcing them to cut spending or increase property tax levies just as the state is ending an aid program meant to insulate them from industry downturns..."

Downstream today 23 Oct industry news

EU Gas Demand Seen Up 7 Pct in 2015 on Cooler Weather, Growth-Eurogas

Date: 23rd October 2015

Source: Downstream Today

"OSLO, Oct 23 (Reuters)- Gas demand across the European Union is expected to increase by 7 percent in 2015 following years of decline, business association Eurogas said on Friday..."

DownstreamToday 22nd Oct Industry News

CEO of Russia's Rosneft Criticizes Saudi Oil-Market Strategy

Date: 22nd October 2015

Source: DownstreamToday

"(Bloomberg)- Saudi Arabia's move to maintain its share of global oil market and expand in Europe will backfire, said the chief executive officer of Russia's largest oil producer..."

Energy VOice 20th October

BP strike $350million storage deal

Date: 20th October 2015

Source: Energy Voice

"Oil major BP has signed a deal worth $350million to sell products storage assets in the US to Kinder Morgan. The move includes 15 refined product terminals and associated infrastructure in the United States..."

oilprice industry news

Is Cushing Oil Storage Hub Safe with Increase in Earthquake Activity?

Date: 18th October 2015


"A recent earthquake in north-central Oklahoma is raising concerns that seismic instability in the region could threaten a large nearby oil-storage complex..."

is oil about to boom?

Is oil about to Boom?

Date: 16th October 2015


"Oil prices have seen a dramatic downturn over the last year, but research suggests a gradual tightening in the market fundamentals. Global rig counts have declined dramatically, demand has stabilized, U.S. production is showing signs of leveling off, and oil reserves are being built slow than in the beginning of 2015..."

gulf news market industry

Oil heads for longest losing streak since July assupplies surge

Date: 15th October 2015

Source: Gulf News Market

"New York: Oil fell for a fourth day, set for the longest run of declines since July as rising US crude stockpiles bolstered speculation a global surplus will persist..."

Hellenic Shipping News 12th OCT

Traders eye flaoting diesel storage in Atlantic

Date: 12th October 2015

Source: Hellenic Shipping News

"Oil traders are preparing to store diesel in giant tankers off the coasts of Northern Europe and New York as land storage tanks are nearly full, traders said..."

TV News Room 10th Oct

Oil Up 4% as Production Slows

Date: 10th October 2015

Source: TV NewsRoom

"Former head of EOG Resources (EOG) stated at a recent conference that oil production in the USA would start to decline in October and early next year because of weak prices..."

TankTerminals 9th Oct

Chile's Third LNG Regas Terminal in the works

Date: 9th October 2015


"Both the regas terminal and the accompanying onshore gas-fired power plant must receive environmental approval before work can begin..."

DownstreamToday 9th Oct

Oil Market Needs An Anchor, Saudi Adviser Says

Date: 9th October 2015

Source: DownstreamToday

"The lack of a clear leader or "anchor" in the global oil market is fueling uncertainty and leading to sharp swings in crude prices, but this uncertainty is unlikely to continue for long, a senior Saudi oil adviser said..."

Elementis Names BP Unit Head as CEO

Elementis Names BP Unit Head as CEO-designate

Date: 2nd October 2015

Source: DownstreamToday

"Specialty chemicals maker Elementis Plc named Paul Waterman, global CEO of BP Lubricants, as its CEO-designate..."

Irish times industry news 21 Sept

Crude oil prices rise as US drilling is reduced

Date: 21st September 2015

Source: The Irish Times

"Oil prices rose by around one per cent on Monday as US drilling slowed and analysts estimated that $1.5 trillion worth of planned American production investment was uneconomical at prices of $50 per barrel or lower..."

Hellenic Shipping News 21st Sept Iran

Iran storing under 10 million barrels at sea

Date: 21st September 2015

Source: Hellenic Shipping News

"Iran's crude oil in offshore floating storage is less than 10 million barrels, a senior energy official says, dismissing foreign media estimates of higher volumes as "psychological warfare"..."

DownstreamToday 18 Sept China best defense

Even a Slowing China is Oil's Best Defense Against Deeper Slump

Date: 18th September 2015

Source: DownstreamToday

"(Bloomberg)- Even after China's slowing economy dragged crude to a six-year low, oil's second-biggest consumer remains the main safeguard against a further meltdown..." 17th sept industry news

Modec to supply FSO vessel for Maersk Oil's Culzean development project in North Sea

Date: 17th September 2015


"Modec has signed a contract with Maersk Oil to supply a floating storage and offloading (FSO) vessel for the North Sea's Culzean development project.."

seeking alpha 17th Sept

Why Goldman Sachs is Dead Wrong About $20 Per Barrel Crude Oil

Date: 17th September 2015

Source: Seeking Alpha

"Crude oil surged 6% to $47.15/barrel on Wednesday after the EIA reported a larger-than-expected 2.1 million barrel storage withdrawal last week, reducing the storage surplus to under 100 million barrels..."

TankTerminals Industry news 16 Sept

Rubis Terminal is expanding its terminal in Rotterdam

Date: 16th September 2015


"September 16, 2015 [Rubis Terminal]- At the end of last year, the first pile was installed into the ground and after just finishing civil works, 14 tanks will be delivered in the next few days..."

TankTerminals News ARA Gasoil

ARA Gasoil Storage 'Hits 3-Year High'

Date: 16th September 2015


"September 16, 2015 [OPIS]- Gasoil storage inventories in the Amsterdam-Rotterdam-Antwerp (ARA) trading hub reached the highest levels seen in nearly three years, Genscape said today..."

Downstream 14 sept news image

China's Higher Refinery Runs MAy Boost diesel Exports to Record

Date: 14th September 2015

Source: DownstreamToday

"(Bloomberg)- China's diesel exports may surge to a record in the coming months as refinery output increases while domestic demand growth for the fuel slows..."

14 Sept Oil and gas industry news

Amec Foster Wheeler awarded engineering contract for Zeebrugge LNG terminal expansion

Date: 14th September 2015


"London, United Kingdom Amec Foster Wheeler announces today that it has been awarded a detailed engineering contract by Felguera IHI (a company owned by Duro Felguera Group) for the expansion of the Zeebrugge Liquefied Natural Gas (LNG) Terminal in Belgium..."

Pennenergy 14 Sept

CLI brands Hydro-Cap floating cover system for oil and gas applications

Date: 14th September 2015


"Colorado Lining International, Inc. (CLI), one of the world's most experienced contractors, installers, and fabricators of geosynthetics, unveils a new brand for its well-established floating cover systems: Hydro-Cap..."

Haveeru 13 Sept News

STO sells $35 mln bonds to fund oil storage expansion

Date: 13th September 2015

Source: Haveeru

"State Trading Organisation (STO) has sold bonds worth USD 35 million (MVR 540 million) to banks to raise funds for the recently announced project to expand the Maldives' main oil storage..."

11 sept the guardian news

Oil prices could fall to $20 a barrel says Goldman Sachs- as it happened

Date: 11th September 2015

Source: The Guardian

"Oil prices have declined after Goldman Sachs suggested that prices could fall as low as $20 because of a global glut of crude. Investors ignored a report from the International Energy Agency that said supply was tightening, as expensive oil producers left the market, in an apparent win for the Opec cartel..."

11 Sept Captial New

DiNapoli: Oil storage facilities aren't properly reporting crude volumes

Date: 11th September 2015


"ALBANY — The state’s oil storage facilities aren't properly reporting how much crude oil they receive, a state audit released Friday found..."

11th Sept tank terminals

Polish LNG Terminal Seen Ready for Commercial Use in Q2 2016

Date: 11th September 2015

Source: Tank Terminals

"[Reuters] - Poland's liquefied natural gas (LNG) terminal on the Baltic Sea will be ready for commercial exploitation in the second quarter of 2016, Polskie LNG said on Wednesday..."

Hellenic shipping news 9th sept

Maldives begins $35 million project to expand main oil storage

Date: 9th September 2015

Source: Hellenic Shipping News

"A project worth USD 35 million (MVR 539 million) has commenced to expand the Maldives’ main oil storage, State Trading Organisation announced..."

Europe Low energy 9 sept

Europe's Low Energy

Date: 9th September 2015


"In March this year, the European Commission (EC) announced that it was time to get serious about building a European energy union to complement the European economic union..."

8 Sept Offshore Technology

Oil prices remain steady over strong economic data in Germany

Date: 8th September 2015


"Oil prices have steadied due to strong economic data from Germany, as well as a rise in Chinese crude imports year-on-year offseting concerns over Asia's economic growth and the global oversupply..."

TankTerminals 4th Sept
4th September Reuters

Dutch Tank Storage Company Koole for Sale

Date: 4th September 2015

Source: Tank Terminals

"The Dutch financial daily Financieele Dagblad reports today that Swedish investment fund EQT, who own 85% of the shares of Koole, would be considering selling its share in the originally Dutch family-owned company..."

Germany says gas deal doesn't signal thaw with Russia

Date: 4th September 2015

Source: Reuters

"An asset- swap deal between Russian energy group Gazprom and German chemicals group BASF should not be interpreted as a sign of easing tensions over the Ukraine crisis, a German Foreign Ministry spokesman said on Friday..."

Hellenic Shipping News
Missouri S&T industry news

Contango could support crude oil stroage on VLCCs- Morgan Stanley

Date: 3 September 2015

Source: Hellenic Shipping News

"Contango trade in crude that translates into floating storage on VLCCs is becoming profitable again and freight rates could have already bottomed out, Morgan Stanley said in a report Tuesday..."

Bai partners with DOE on CO2 storage, oil recovery

Date: 3rd September 2015

Source: Missouri S&T

"A Missouri University of Science and Technology researcher is working on a method to increase oil production and store carbon dioxide into oil formations- at the same time..."

27th August The Guardian

What will happen to oil and gas workers as the world turns carbon neutral?

Date: 27th August 2015

Source: The Guardian

"Adriaan Kamp used to be a die-hard oilman. After 17 years at Anglo-Dutch oil company Shell, the 54-year-old Dutchman now runs a consultancy based in Oslo advising national governments on transitioning to cleaner energy..."



Bloomberg Business news 26 Aug

Tanker Owner Frontline Says Traders Ask for Oil-Storage Options

Date: 26th August 2015

Source: BloombergBusiness

"Oil traders are asking about options to store crude at sea, a development that could help rates for tankers to rebound from a plunge, according to Frontline Ltd, an owner of the ships led by Norway-born billionaire John Fredriksen..."

14 Aug CBC News

Oil storage tanks filled to levels not seen in 80 years

Date: 14th August 2015

Source: CBC News

"North American oil prices could take a hit this fall as there are renewed concerns about a lack of storage capacity..."

MercoPress Industry News

Shell planning to invest billions in Brazil, despite recent purchase of BG Group

Date: 8 August 2015

Source: MercoPress

"Despite a broad drive to cut spending in the face of persistently low oil prices, CEO Ben Van Beurden remains steadfast in his plans to buy BG, which will transform Shell into the world’s biggest liquefied natural gas (LNG) supplier..."

Tank Terminals Industry Logo

Puma Energy Buys Land in the Port of Hastings, Australia

Date: 7 August 2015


"An eight hectare site in Bayview Rd has been bought by Puma Energy, a relatively new player in Australia’s fuel industry..."

MEM industry news

Goldman Sachs: Oil prices to remain low for some time

Date: 7 August 2015

Source: Middle East Monitor

"Oil prices should remain lower for a longer period of time to allow market rebalancing, a report by investment bank Goldman Sachs said late on Thursday..."

Tulsa World Industry News

Oil storage at Cushing on the rise again

Date: 4 August 2015

Source: Tulsa World

"After a brief reprieve, oil again is flooding into Cushing in a move that could add pressure to an already struggling oil market..."

U.S Oil Industry News

U.S Oil Storage becomes Big Business: Kemp

Date: 3 August 2015

Source: Hellenic Shipping News

"Commercial crude stocks across the United States rose by 105 million barrels early this year to peak at 490 million barrels, the highest level in eight decades..."

Oil Iran is storing Industry News

How much oil is Iran storing? Windward is watching

Date: 31 July 2015


"Ever since the UK, US and other P5+1 nations signed the historic nuclear deal with Iran on 14 July, world markets have been anticipating what will happen when sanctions are finally lifted on the country..."

Mail Online industry news

U.S. oil storage becomes big business: Kemp

Date: 30 July 2015

Source: Daily Mail

"Commercial crude stocks across the United States rose by 105 million barrels early this year to peak at 490 million barrels, the highest level in eight decades..."

Oil Traders Industry News

Oil traders fill South Africa storage to the brim

Date: 27 July 2015

Source: Energy Voice

"South Africa’s 45 million barrel strategic crude reserve depot is filled to capacity as oil traders hoping prices will rise in the future snap up storage capacity, two industry sources told Reuters..."

Gazette Industry News

Shell’s Jarrow oil terminal closes after more than 50 years

Date: 23 July 2015

Source: The Shields Gazette

"One of South Tyneside’s most famous industrial landmarks will soon be no more..."

Tank Terminals

Botlek Tank Terminal Handles Half a Million Tons by Rail

Date: 22 July 2015

Source: Tank Terminals

"In the past two years various customers have used the new rail loading and discharge facility. The new facility is part of BTT’s vision to provide all modes of transport and is a response to growing customer demand for rail transport. The rack will initially be used to handle block trains with biodiesel but also palm and soybean oil have already been loaded from BTT’s tanks..."

CNBC Industry News

Cramer: Why I was so wrong about oil

Date: 21 July 2015

Source: CNBC

"As Jim Cramer watches one breakdown after another of high quality oil stocks and master limited partnerships, he is completely boggled. How could he have been so wrong about oil stocks?"

Haaretz industry news

Iran is Hiding 51 Million Oil Barrels at Sea, Israeli Startup Says

Date: 17 July 2015

Source: Haaretz

"As it reached its historic nuclear agreement with world powers earlier this week, Iran has been hiding millions of barrels of oil it never reported to the United States or in the world oil market, according to an Israeli company that has developed sophisticated maritime tracking technology..."

Suma Industry news picture

Summa pulls out of $1 bn tank terminal project

Date: 17 July 2015

Source: IHS Maritime 360

"The port of Rotterdam's plans to develop a USD1 billion tank terminal for Russian oil and oil products have unexpectedly fallen through due to doubts about the feasibility of the project on the part of its Russian partner Shtandart TT and its parent, the Summa Group..."

The Moscow Times

Rotterdam Scraps Plans for Russian-Backed Oil Storage Terminal

Date: 16 July 2015

Source: The Moscow Times

"AMSTERDAM — Rotterdam, Europe's largest port, said on Thursday that plans to build a Russian-backed 3 million cubic meter oil storage terminal had been cancelled after its Russian partner raised concerns over the project's feasibility..."

StocExpo 2015: Urs Beckmann's (Tanquid) view on the market for 2015

StocExpo 2015: Urs Beckmann's (Tanquid) view on the market for 2015

Date: 1 July 2015

Source: Youtube

Urs Beckmann's view on the market 2015

Oil in storage news

Remember All That Oil in Storage? Here It Comes

Date: 30 June 2015

Source: The Wall Street Journal

"Refineries around the world are using more crude oil. To get the cheapest supplies around, they don’t have to look any further than their own storage tanks..."



Erik Klooster

Erik Klooster (BP)'s view on the market for 2015

Date: 26 June 2015

Source: Youtube

Erik Klooster (BP) view on the marker 2015

Ethane Storage Tank

Ineo's Grangemouth Ethane Storage Tank on Track

Date: 11 July 2015

Source: The Scotsman

"THE construction of Europe’s largest ethane storage tank is on schedule following six months of building work, Ineos said..."


Shell Buys Morgan Stanley's European Gas, Power-Trading Book

Date: 10 July 2015

Source: Bloomberg

"Royal Dutch Shell Plc agreed to buy Morgan Stanley’s European natural gas and power-trading portfolio in a deal that doesn’t include the bank’s traders..."

Iran Deal

Why an Iran Could Mean Lower Oil Prices

Date: 30 June 2015

Source: CNBC

"A final accord to curtail Tehran's nuclear ambitions could lead to a glut of Iranian oil hitting an already "oversupplied market," which would serve to pressure prices, oil expert John Kilduff said Tuesday, as negotiators in Vienna face a deadline that's expected to be extended..."

Oil Stocks

Oil Stocks Hit Two- Year in Europe Hub

Date: 29 June 2015

Source: The Wall Street Journal

"LONDON- The amount of crude stored at the world's largest oil-trading hub has hit a two-year high, according to data released on Monday, in another sign that the world has an oversupply of petroleum that won't end soon..."

Filling up- Wall Street Journal

Oil Tankers are Filling Up and Raking It In

Date: 25th June 2015

Source: The Wall Street Journal

"The oil-tanker market is heating up, a development some analysts say is a warning flare that signals further price declines for crude..."

67 Leaders

G7 Leaders Agree to Phase Out Fossil Fuels by the End of Century

Date: 08 June 2015

Source: euobserver

"Leaders of the world's top economies Monday (8 June) gave a boost to global talks on tackling climate change by saying the global economy should be decarbonised by the end of this century..."


BP set to invest $20 Billion offshore Egypt

Date: 05 May 2015

Source: OSJ Offshore Support Journal

"There will be significant demand for subsea construction work in Egypt following BP’s announcement of US$12 billion of investment. BP plans to develop a series of gas fields using subsea wells, flowlines and umbilicals to supply more gas to the Egyptian domestic market and to the country’s liquefied natural gas (LNG) plants..."


Oil and Gas Industry Investment in Digital Technologies Shows Resilience in Oil Price Downturn

Date: 24th April 2015

Source: M.2.M. World.News

"Despite current lower crude oil prices, most companies in the oil and gas industry plan to invest the same amount or more in digital technologies, according to a new survey by Accenture and Microsoft Corp..."

Astana Times

Kashagan to start production in 2017, says royal dutch shell re

Date: 13th April

Source: The Astana Times

"After the start of production from the Kashagan field in September 2013, operations had to be stopped in October 2013 due to gas leaks from the sour gas pipeline. Following investigations, it has been decided that both the oil and the gas pipeline will be replaced. Replacement activities are ongoing, with production expected to restart in 2017,” page 27 of the annual report, released on March 12, said..."

Royal Dutch Shell to buy BG group in £47bn deal

08 April 2015

Source: BBC NEWS

'The deal could be one of the biggest of 2015 and could produce a company with a value of more than £200bn ($296bn)'

Crude Oil throughput increases in the Port Of Rotterdam

17th April 2015

Source: Tank Storage Magazine

"Crude oil and oil product throughput at the Port of Rotterdam grew by 14.7% in the first quarter of 2015, the Port of Rotterdam Authority has announced..."