Tanks & terminals

On 23 April, General Dynamics NASSCO hosted a christening ceremony for the second ECO Class tanker for American Petroleum Tankers (APT).

Plains All American Pipeline and Cheniere Energy have announced a long term storage agreement.

The Mountaineer NGL Storage project has begun its non-binding open season for 1.6 million barrels of storage with great success.

Emerson marked the official opening of its new US$24.5 million office and radar technology centre in Gothenburg, Sweden, on 21 April.

Consolidated Edison and Crestwood Equity Partners have announced their Northeast pipeline and storage joint venture.

New awards for the first quarter include scope an LNG project, refinery maintenance work, crude oil storage and petrochemical licensing.

Research and Markets have released the ‘Global Oil Storage Industry Strategic Analysis 2016’.

The Approved Oil Company has announced long term storage agreements with Buckeye Partners.

VTTI B.V. has awarded a CSP contract to Rotork for the maintenance of critical valve actuation assets at the VTTV oil storage terminal in Cyprus.

The National Subsea Research Initiative is applying pressure to achieve more viable underwater factories and storage.

Botlek Tank Terminal, subsidiary of HES International BV, will expand its storage capacity in the Port of Rotterdam.

The px Group has begun a long term O&M contract for the St. Fergus gas terminal near Aberdeen, Scotland.

On the back of increased production by its anchor customers, Essar Ports Limited (EPL) has registered significant growth in cargo handling over the last three months.

Working natural gas inventories ended the winter heating season at 2478 billion ft3, exceeding the previous end of March record high of 2473 billion ft3, set in 2012.

Growth in global oil demand will ease to around 1.2 million bpd in 2016, below the 1.8 million bpd expansion of last year.