Tank Terminals News

St. James Tank Terminal Announces $365m Expansion

Port Storage Group Information Services — Wed, 08 Feb 2012 10:09:30

February 8, 2012 [Nola.com] - NuStar Energy LP will expand its St. James Parish petroleum tank terminal from an 8 million barrel capacity to 11 million barrels, Gov. Bobby Jindal announced.

Hovensa May Become Commercial Storage Terminal in H2 2013

Port Storage Group Information Services — Tue, 07 Feb 2012 21:48:04

February 7, 2012 [OPIS] - Hovensa intends to convert its soon-to-be-shuttered 350,000-b/d St. Croix refinery to a merchant oil terminal, but the conversion process is expected to take a while.

CP Rail Depot Up and Running

Port Storage Group Information Services — Mon, 06 Feb 2012 13:55:56

Februaty 6, 2012 [Edmonton Journal] - Service begins shipping oil to NuStar Energy terminals in U.S. Canadian Pacific started shipping crude oil by rail Thursday from a new loading facility in Lloydminister, Sask., and hopes to expand the operation later this year.

IOC to invest Rs 7,700 Cr in pipelines by 2015

Port Storage Group Information Services — Mon, 06 Feb 2012 12:09:21

February 6, 2012 [The Economic Times] - State-run Indian Oil Corporation (IOC) plans to invest 7,700 crore by 2015 to expand its pipeline network, which has emerged as a highly profitable business, generating revenue of 4,200 crore in the previous fiscal year with a net profit of 3,000 crore, senior officials said.

Cyprus Shortlists Five Bidders for Fuel Terminal, Politis Says

Port Storage Group Information Services — Mon, 06 Feb 2012 12:00:59

February, 6 2012 [Bloomberg] - Cyprus’s government shortlisted four companies and a joint venture to build a terminal for storing and re-exporting fuel, Politis reported today, without saying where it got the information.

Baltic Oil Terminals - AGM Statement

Port Storage Group Information Services — Mon, 06 Feb 2012 11:55:49

February 6, 2012 [Yahoo! Finance] - At the AGM, Richard Healey Non Executive Chairman and Simon Escott CEO will give the following update. Despite the problems caused by the delay in the 2010 Audit process, we are pleased to announce that considerable progress has been achieved in the last few months and the Group's operations are trading profitably

BP Begins Shipping Crude Oil Along Trans-Panama Pipeline

Port Storage Group Information Services — Mon, 06 Feb 2012 11:46:22

February 6, 2012 [PennEnergy] - BP Products North America Inc. announced today that it has started shipping crude oil bound for the U.S. West Coast through Petroterminal de Panama (PTP)’s trans-Panama pipeline, marking the start of a seven-year transportation and storage agreement between BP and PTP.

West Coast Terminal Joins Green Marine Program

Port Storage Group Information Services — Mon, 06 Feb 2012 11:01:29

February 6, 2012 [Canadian Transportation & Logistics] - Neptune Terminals, one of the largest multi-product bulk terminals in North America, has become the first West Coast terminal to join the Green Marine Environmental program.

Inter Pipeline Directs 61% of $751-million Capital Program to Danish Acquistion

Port Storage Group Information Services — Mon, 06 Feb 2012 10:57:20

February 6, 2012 [Canadian Business] - Inter Pipeline Fund plans to spend $751 million on capital projects this year, with more than half of the funds designated for a Danish storage acquisition that closed this month, the company announced Monday.

Report: Refinery Owner Looks to Shed Storage

Port Storage Group Information Services — Mon, 06 Feb 2012 10:42:35

February 6, 2012 [OPIS / Bakersfield.com] - Alon USA Energy has approached several West Coast oil players to take over their oil products storage tank space at Kinder Morgan's Carson terminal in Los Angeles, but the offers for tank sublet or takeover of contract have failed to garner any interest so far, traders told OPIS on Tuesday.

CB&I Awarded Storage Tank Contract

Port Storage Group Information Services — Mon, 06 Feb 2012 10:24:12

February 6, 2012 [Market Watch] - CB&I announced today that it has been awarded a contract, valued in excess of US$60 million, by Battleground Oil Specialty Terminal Company, LLC (BOSTCO) for the engineering, procurement, fabrication and construction of storage tanks and associated works for its grassroots black oil storage terminal on the Houston Ship Channel.

Glencore-Xstrata Deal Will Give Birth to Mining Titan

Port Storage Group Information Services — Fri, 03 Feb 2012 10:56:16

February 3, 2012 [The Telegraph] - Rumours that a huge credit facility was being put in place were the first signal to the market that the mining mega-deal it had been anticipating for years was finally in play.

Sinopec Starts Up 20-mln bbl Northern Crude Reserve Base

Port Storage Group Information Services — Wed, 01 Feb 2012 15:10:45

February 1, 2012 [Reuters] - Sinopec Group, parent of top Asian refiner Sinopec Corp, has begun operating a 20 million-barrel crude oil reserve base in northern China, the official Xinhua news agency said on Wednesday.

Vopak-Stolt-Nielsen JV Plans Terminal

Port Storage Group Information Services — Wed, 01 Feb 2012 14:48:01

February 1, 2012 [LiveMint.com] - Royal Vopak N.V. and Stolt-Nielsen Ltd, two of the world’s biggest operators of bulk liquidstorage terminals, plan a joint venture to build a $120 million (approximately Rs.600crore) storage terminal at Mundra in Gujarat.

The CLH Group Will Invest Around €100 Million During 2012

Port Storage Group Information Services — Wed, 01 Feb 2012 12:03:25

February 1, 2012 [The CLH Group] - The CLH Group is to invest around 100 million euros throughout 2012, which will be spent on expanding and improving the company's infrastructures.

ITC Rubis Terminal Antwerp N.V. Expands Storage Capacity

Port Storage Group Information Services — Wed, 01 Feb 2012 09:03:56

February 1, 2012 [ITC Rubis] - ITC Rubis Terminal Antwerp is pleased to announce the start of the construction of an additional 39.000 cubic metres storage capacity for chemicals at its facility in Antwerp - Left Bank.

Inter Pipeline Fund Announces 2012 Capital Expenditure Program

Port Storage Group Information Services — Tue, 31 Jan 2012 13:13:43

January 31, 2012 [EIN News] - Inter Pipeline Fund ("Inter Pipeline") announced today its planned capital expenditure program for 2012.

Iran to Increase Oil Storage Capacity

Port Storage Group Information Services — Mon, 30 Jan 2012 12:30:45

January 30, 2012 [Individual.com] - The private sector will participate in building 14 oil storage tanks with the capacity of holding 10 million barrels of oil in the Iranian port city of Ganaveh, the Islamic Republic News Agency (IRNA) quoted an official as saying.

Lockport to Vote on Crude-oil Depot Proposal

Port Storage Group Information Services — Mon, 30 Jan 2012 11:41:25

Janaury 30, 2012 [The Herald-News] - The city council is set to vote next week on concept plans for a crude-oil depot on the former Texaco property.

Pertamina to Build Crude Terminal in Kalimantan

Port Storage Group Information Services — Mon, 30 Jan 2012 11:37:56

January, 30 2012 [The Jakarta Post] - State-run oil and gas firm PT Pertamina announced over the weekend that it would start the process of constructing a US$450 million centralized crude terminal (CCT) in Lawe-Lawe, East Kalimantan.