Tanks & terminals

GlobalData has reported that the measures to contain COVID-19 have weakened Indian LNG demand.

According to GlobalData, the WTI May futures and oil storage issues with have a rippling effect on global markets.

GASSCO has awarded a contract to ODE for the implementation of findings of its gas terminals integrity review.

On Monday 20 April, US oil prices turned negative for the first time in history as crude storage space filled up.

Subsea pipelines for the new HES Hartel Tank Terminal have been handed over by Visser & Smit Hanab.

Reynolds Contamination Control has signed a five-year distribution agreement with Petro Industrial Pty Ltd.

The US EIA has published its Weekly Petroleum Status Report which provides crude oil and refined products balances for the US.

ILTA has committed to holding its annual conference and trade show in 2020, moving the dates to 16 – 18 November.

New analysis from Wood Mackenzie suggests October may prove critical for the European gas storage market.

GP Global has announced the acquisition of Grand Petroleum’s lubricant assets.

PGNiG has sold the first two LNG cargoes from the reloading station in Klaipeda, Lithuania.

The April issue of Hydrocarbon Engineering is now available online!

Continued production and collapsing demand means that the US is set to fill one third of its available crude storage in April, according to Rystad Energy.

The EIA has announced that it expects the US to return to being a net importer of crude oil and petroleum products as production declines.

PGNiG has announced that it is the sole user of a small-scale LNG reloading station in Lithuania.