Magellan and Enterprise developing joint Houston crude oil futures contract
Affiliates of the two companies have entered into an agreement to jointly develop a futures contract for the physical delivery of crude oil in the Houston area.
Tanks & terminals
See below for the latest news covering the oil, gas and petrochemical storage sector.
Register here to receive your free copy of our quarterly supplement dedicated to the storage sector, Tanks & Terminals.
Venice LNG gains construction and operation authorisation for LNG store in Porto Marghera
Venice LNG has obtained the authorisation for the construction and operation of the LNG store in Porto Marghera.
Rotork launches cloud-based management system
Rotork has launched a programme of advanced analytics for the management of intelligent flow control assets.
Advertisement
Max Midstream and CPA announce port expansion
Max Midstream and the Calhoun Port Authority (CPA) have announced that the expansion of the Calhoun port in Houston, Texas, will begin in 2021 with the recent passage of the 'Water Resources and Development Act' by Congress.
Penspen to undertake engineering works at Jebel Dhanna Crude Receiving facility
Penspen has been awarded a detailed engineering contract from Target Engineering Construction Company in Abu Dhabi, UAE.
Sharjah National Oil Corp. launches gas storage project
Sharjah National Oil Corp. (SNOC) has announced the start-up of its new gas storage project, following a small-scale pilot phase using existing infrastructure that has been running since early 2017.
Ready to replace?
Ed Cass, Paratherm, USA, outlines important things to consider when cleaning, flushing, draining and charging a thermal oil system.
Timing is everything
Jeff Heath, Matrix Applied Technologies, USA, discusses the risks of adopting welded aluminium internal floating roofs prematurely.
Light at the end of the tunnel
Gordon Cope, Contributing Editor, predicts hope for the tanks and terminals sector in the Middle East and North Africa, following the disruption caused by COVID-19.
More Tanks & terminals news
Martin Midstream announces sale of Mega Lubricants
The sale of Mega Lubricants is to John W. Stone Oil Distributor, LLC for US$22.4 million.
Enterprise loads LPG-powered VLGC
Enterprise’s very large gas carrier (VLGC) has been loaded with 590 000 bbl of liquefied petroleum gas (LPG), including cargo and fuel.
DEFSA undertakes O&M services of KIPIC LNG terminal in Kuwait
DESFA has undertaken the provision of operation and maintenance (O&M) services of the KIPIC LNG terminal in Kuwait.
ExxonMobil and Vopak sign MOU
ExxonMobil and Vopak have signed a memorandum of understanding (MOU) for an LNG feasibility study in South Africa.
Petroleum Service Corp. acquires Fryoux Tankerman Service
As part of the transaction, Petroleum Service Corp. will absorb Fryoux's tankerman operations along the US Gulf Coast.
The sky's the limit
Clyde & Co. LLP, discuss preventative and responsive utilisation of drones at storage tank terminals.