May 17, 2013 [Marketwired] - Gateway Terminals LLC, a subsidiary of SEACOR Holdings Inc., yesterday announced it has updated its terminal mechanics to now accept Canadian crude oil (Heavy Sour-Unconventional).
May 17, 2013 [Bloomberg] — A $30 million crude oil terminal and blending operation is coming to St. James Parish. Louisiana Gov. Bobby Jindal and Wolverine Terminals LLC General Manager Terry Wilson said Wednesday the company will set up on a 15-acre site along the Mississippi River.
May 14, 2013 [Bloomberg] - China will probably commission additional storage sites for its strategic petroleum reserve this year, boosting crude demand even as construction work on the program takes longer than expected, according to the International Energy Agency.
May 14, 2013 [OPIS] - Kinder Morgan Energy Partners (KMEP) will invest some $106 million to buy some 20 acres of land adjacent to its Pasadena, Texas, terminal along the Houston Ship Channel, the company said Monday.
May 14, 2013 [CPI Financial] - Citadel Capital has announced that core platform company Mashreq Petroleum has signed a 25-year concession agreement (extendable for a further five years) with the East Port Said Port Authority that will allow it to build the first independent tank terminal in Egypt.
May 13, 2013 [Malaysia Chronicle] - Marine construction company Benalec Holdings Bhd is close to inking two major deals for its land reclamation project off Tanjung Piai in Johor, which will translate into investments exceeding RM35 billion.
May 13, 2013 [PRNewswire] – Oiltanking Partners, reported first quarter 2013 net income of $20.2 million, an increase of 26.7% over first quarter 2012 net income of $15.9 million. Adjusted EBITDA increased 27.5% to $25.7 million for the first quarter of 2013, compared to $20.2 million for the first quarter of 2012.
May 13, 2013 [The GLobe and Mail] - A combination of growing oil sands production and congested pipelines is creating new opportunities for midstream companies that have cavern or tank capacity to spare.
May 10, 2013 [Tribune 242] - The Bahamas Oil Refining Company (BORCO) produced a 14.3 per cent year-over-year revenue increase to $52.7 million for the 2013 first quarter, as it awaits the likely recovery of a $5 million insurance deductible.
May 09, 2013 [Anchorage Daily News] - Seward - Shoreside Petroleum announced an expansion to its fuel storage terminal in Seward of up to 8 million gallons. The project will raise the facility’s capacity to some 10 million gallons. Shoreside will partner with Petro Marine Services, with the first phase of construction scheduled to begin this summer.
May 08 2013 [Baltic Course] - In April 2013, Lithuania-based oil company Klaipedos Nafta reloaded 575,000 tons of oil products into its storage tanks, that was by 6% less than in April 2012 – 614,000 tons, the company said in a statement, informs LETA.
May 08, 2013 [Reuters] - Enbridge Inc, Canada's largest pipeline operator, said on Tuesday it will spend C$300 million ($299 million) on infrastructure to handle expanded production from the Surmont oil sands project owned by ConocoPhillips and French oil major Total SA.