March 9, 2010 [The Australian - WA Business Times] - The Gordon Martin-led Coogee Chemicals has bought a terminal next to its Kwinana facilities from Gull Petroleum in a deal valued at nearly $40 million. Read More>>
March 9, 2010 (The Nassau Guardian] - Oil storage giant Vopak is reportedly in bed with one of the world's largest oil refining companies, which has leased 1.2 million barrels of clean storage at the Freeport facility on Grand Bahama. Read More>>
March 9, 2010 [TankTerminals.com] - Audex' mothercompany, PEC Ltd, Singapore, has announced that its 50% joint venture Verwater-Audux B.V., the Netherlands, has secured a contract worth € 118 million to build 465,000 m³ new tank capacity in Rotterdam. Read More>>
March 6, 2010 [TankTerminals.com] – According to spokesman Harry van Rietschoten of 4Gas, of which Liongas is a subsidiary, the plan to build a new LNG terminal at the “Kop van de Beer” area in the Europoort section of the port of Rotterdam have been annulled. Read More>>
March 5, 2010 [Bunkerworld] - Reports from Egypt say the concession to build a liquid bulk terminal at Port Said is worth 3.2 billion Egyptian pounds ($583.5 million). Read More>>
March 03, 2010 [Mercuria] - Mercuria Energy Asset Management B.V., part of the Mercuria Energy Group, has announced today that Mercuria’s wholly owned terminal & processing assets will be renamed under a common ‘VESTA’ brand. Read More>>
March 4, 2010 [Bunkerworld] - Gibraltar's Chief Minister says the use of floating storage for bunker fuel should be cut back or even phased out. Read More>>
March 1, 2010 [Bunkerworld] - Global commodity trader Glencore International AG has launched a mandatory unconditional cash offer for all outstanding shares of marine fuel oil trader Chemoil Energy Ltd. Read More>>
March 1, 2010 [C1 Energy] - The private-run Shanghai Lonyer Petrochemicals Co Ltd has recently taken over Hailian Tank Farm in Zhoushan of East China's Zhejiang province, a source with the former said.
The company's move aims to enlarge shares in the huge bunker fuel market of Zhoushan, according to the source. Earlier, its Zhoushan branch purchased two 1,000-mt new barges for bunkering. Read More>>
February 28, 2010 [Bunkerworld] - The Singapore Competition Commission has ruled that the acquisition will not infringe Singapore competition law. Read More>>
February 26, 2010 [The Tribune] - Vopak Terminal (Bahamas) is in the process of completing contract negotiations for a further $350 million expansion of its Grand Bahama-based facilities, it was revealed yesterday, a move designed to increase oil storage capacity by a further six million barrels.
Raymond Jones, Vopak's managing director, expects that the project will be approved by its Board within "a few weeks". Read More>>
February 24, 2010 [Opis] - Hong Kong-based commodity trading firm Noble Group reported on Tuesday higher tonnages and revenues for its energy trading segment in 2009 despite a
difficult operating environment. Read More>>
February 24, 2010 [International Oil Daily] - Oiltanking KNOC Yeosu Corp. is considering increasing the storage capacity of its planned terminal by almost 50% at Yeosu in South Korea due to stronger-than-expected demand.
Read More>>
February 23, 2010 [Financial Chronicle] - India will offer Saudi Arabia and other oil-rich countries such as Kuwait, Sudan and Oman facilities for strategic storage of crude and petroleum products in the country. Read More>>