JCC-indexed LNG contracts could lose value post IMO 2020
Wood Mackenzie reveals that LNG sellers with contracts linked to JCC could lose US$15 billion in unearned revenues as a result of IMO 2020 regulations.
Tanks & terminals
See below for the latest news covering the oil, gas and petrochemical storage sector.
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Adler and Allan partners with Leighton O’Brien
Leighton O’Brien and Adler and Allan have announced a new licensed service partnership.
Woodside and BHP agree gas tolling price
Woodside and BHP have agreed the tolling price for processing natural gas from the Scarborough offshore field at the Pluto LNG facility.
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FPSO operators announce first oil from Iara licence
Total and Shell have announced that the FPSO P-68 has been successfully started-up in the deepwater Santos Basin.
Gpi Tanks builds new facility and offices in Poland
Gpi Tanks has expanded its capacity in Poland through the construction of a new production plant and offices in Skarbimierz, Poland.
MOL Chemical Tankers to collaborate in expansion of terminal business
MOL Chemical Tankers has agreed to collaborate with Korean companies to establishment a chemical terminal in Ulsan, South Korea.
Gasum acquires gas businesses from Linde AG
Gasum has acquired AGA’s Clean Energy business and Nauticor’s Marine Bunkering business from Linde AG.
Calumet closes sale of refinery and terminal
Calumet has sold its San Antonio refinery, as well as a terminal and pipeline to Starlight for US$63 million.
Near-record volumes of natural gas stored
The EIA has reported that high levels of natural gas has been injected into storage this season in the US.
More Tanks & terminals news
Moda begins delivery of storage capacity ahead of schedule
Moda has announced the early delivery of storage tank capacity at its Moda Ingleside Energy Center and a range of project updates.
Wood announces new business unit
Wood has announced the creation of its Technical Consulting Solutions business unit.
Excelerate Energy hosts Bangladeshi LNG workshop
The Bangla LNG Workshop 2019 was hosted by Excelerate Energy and brought together industry professionals to discuss Bangladesh’s LNG future.
Harvest Midstream announces Harvest Midway Terminal and Ingleside Pipeline
Construction has started on Harvest Midstream’s Harvest Midway Terminal and Ingleside Pipeline, with expected finish dates in 2020.
Dropsafe signs distribution agreement with MSS
Dropsafe has signed a distribution agreement with Norwegian company MSS to expand its reach and increase efficiency.
Adler and Allan acquires division of LCM Environmental
Adler and Allan has announced the acquisition of LCM Environmental’s Fuel Facility Management division.