Storage
Singapore distillates stocks slip to below 9 MMbbl
Singapore's middle distillates stocks fell for the third straight week to below 9 MMbbl as gains in net exports of jet fuel offset a drop in gasoil exports.
Vopak Energy Park Antwerp starts market consultation for ammonia storage
Vopak is launching a market consultation for the storage of ammonia at its Vopak Energy Park Antwerp site in Belgium. The market consultation aims to gauge market interest and to gather detailed insight into customer demand. Vopak Energy Park Antwerp intends to finish the currently ongoing pre-FEED study by the end of 2024. Subject to market interest and a positive FID the start of operations is currently foreseen in 2029.
China's surplus crude oil hits nearly 1 MMbpd for September
The weak position of China's crude oil sector was underlined by September data showing a sixth consecutive monthly drop in refinery processing, leading to nearly 1 MMbpd of oil being available for storage.
Singapore marine fuel sales down for second month in Sept., though biofuels climb
Sales of marine bunker fuel at Singapore eased for a second consecutive month in September, though marine biofuel sales surged to a fresh record high.
CB&I awarded contract by Saipem Clough JV for Perdaman project in Western Australia
CB&I has been awarded a lump sum contract by the Saipem Clough JV for engineering, procurement and construction of ammonia storage and other process tanks for the Perdaman Chemicals and Fertilisers Urea Plant located on the Burrup Peninsula, Western Australia.
Consortium to purchase CB&I from McDermott
A consortium led by Mason Capital Management announced that it has entered into a definitive agreement to acquire the CB&I storage solutions business from McDermott International, Ltd.
Shell, Equinor, TotalEnergies open Norwegian CO2 storage facility
Shell, Equinor and TotalEnergies said on Thursday their carbon dioxide (CO2) storage project on Norway's west coast is now completed and ready to receive CO2, with its first deliveries expected next year.
TankMatch and Evos team up to launch green methanol bunkering solutions
TankMatch, a leading barge operator, and Evos, a top-tier independent liquid bulk storage provider, have announced a dynamic new partnership aimed at delivering cutting-edge methanol bunkering solutions across the Amsterdam–Rotterdam–Antwerp (ARA) region.
U.S. offers $1.56-B conditional loan for Indiana ammonia facility
The U.S. Department of Energy (DOE) has made a conditional loan guarantee of up to $1.56 B to Wabash Valley Resources to help build a low-emissions ammonia production facility in Indiana.
Ineos to cease refinery operations at Grangemouth
Petroineos has announced its intention to cease refinery operations at Grangemouth and transition to a finished fuels import terminal and distribution hub during Q2 2025.
- Transitional Industries and CFEnergia sign feedstock supply contract for $3.3-B Pacifico Mexinol project 2/17
- Neste and World Fuel Services extend partnership, expanding SAF availability at more than 100 airports in Europe 2/17
- U.S. refined product exports by tanker increase to > 6.3 MMbpd in January 2/17
- Japan's oil and gas independence climbs to highest since 2009 2/17
- Dangote signs $400-MM equipment deal with China's XCMG to speed up refinery expansion 2/17
- Former Lukoil-owned ISAB refinery in Sicily exits crisis procedure 2/17
