Storage
EIA: U.S. crude, gasoline stockpiles fall; distillates build last week
U.S. crude oil and gasoline stocks fell, while distillate inventories rose last week, the U.S. Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 2.7 MMbbl to 440.4 MMbbl in the week ended April 25, the EIA said, compared with analysts' expectations for a 429,000-bbl rise.
Official approval granted for Hydrogenious LOHC’s ‘Hector’ storage plant
Hydrogenious LOHC has achieved a significant milestone towards designing, building and operating the world's largest hydrogenation plant for the safe and efficient storage of H2 in the LOHC benzyltoluene (LOHC-BT) at Chempark Dormagen in North Rhine-Westphalia, Germany: Project ’Hector’ has now received the official building and operating permit for the storage plant in accordance with §4 of the German Federal Immission Control Act (Bundes-Immissionsschutzgesetz - BImSchG).
Sri Lanka to begin talks with India, UAE for new energy hub
Sri Lanka will start work next month on plans to develop an energy hub with India and the United Arab Emirates, as the nation looks to leverage its strategic location to cement a recovery from a financial crisis.
Fidelis' AtmosClear signs agreement with Microsoft for high-quality carbon removal from project in Louisiana (U.S.)
AtmosClear BR LLC, a portfolio company of Fidelis, has signed a contract with Microsoft for 6.75 MM tonnes (t) of engineered carbon removal over 15 yr from bioenergy carbon capture and storage (BECCS).
Russia well prepared for refinery maintenances with high fuel stockpiles
Russia has ample motor fuel inventories to offset possible shortages during refinery maintenances.
Nigeria plans petroleum products stockpile to counter global supply shocks
Nigeria plans to establish a national strategic petroleum products stockpile this year to safeguard its economy against disruptions in the international market.
Project Greensand: Öresundskraft, INEOS agree to store 210,000 tpy of CO2 from Sweden in Denmark
Öresundskraft Kraft & Värme AB and INEOS on behalf of Project Greensand have signed an agreement to investigate the opportunity to store up to 210,000 tpy of carbon dioxide (CO₂) from Sweden in Denmark.
U.S. targets China oil storage terminal in new Iran-related sanctions
The Trump administration imposed sanctions on Iranian oil trading networks on Thursday, including on a China-based crude oil storage terminal linked via a pipeline to an independent refinery, just days before talks between the U.S. and Iran.
Carbon Clean announces successful completion of world’s first industrial deployment of CycloneCC
Carbon Clean announced the successful completion of the world’s first industrial deployment of CycloneCC. The modular unit has achieved the major milestone of around 4,000 operating hours over a six-month period, delivering a high-purity CO2 product
Uganda signs deal with UAE investment firm over 60,000-bpd oil refinery
Uganda signed an oil refinery agreement with UAE-based Alpha MBM Investments for a 60% stake in a crude oil refinery in Kabaale, Hoima District.
- 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
