August 23, 2010 [Vopak] - The Supervisory Board of Royal Vopak N.V. announces the departure of its current Chairman of the Executive Board, John Paul Broeders, who will leave Vopak because he has accepted an offer to become, after an introduction period, Chairman of the Executive Board of SHV Holdings. The Supervisory Board has accepted John Paul Broeders’ resignation with regret, but respects his decision, and congratulates him with his new role.
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August 20, 2010 [C1 Energy] - ExxonMobil may withdraw from the Hong Kong fuel oil market, according to market sources. The oil giant has recently entered into an agreement with China's leading bunker supplier Chimbusco on leasing 280,000-cu-m heavy oil tanks at the Tsing Yi oil terminal in Hong Kong to the latter, the sources said.
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August 19, 2010 [Dredging Today] - Russia needs to expand its port facilities to meet growing demand from oil, coal and other exporters, Deputy Transport Minister Viktor Olersky told Reuters. The world’s top oil producer and fifth largest coal exporter ships a large proportion of its energy resources to foreign buyers via neighbouring countries due to domestic port limitations. Read More>>
August 19, 2010 [Reuters] - Singapore oil and gas infrastructure services firm Rotary Engineering said it is expanding its horizon to building, owning and operating oil storage terminals in Southeast Asia and the Middle East. Read More>>
August 18, 2010 [Dow Jones] - Vitol Group, one of the world's largest marketers and distributors of crude oil and petroleum products, is building up its flotilla of tankers slated to store jet fuel in Northwest Europe, shipping reports show. Read More>>
August 13, 2010 [Oil & Gas Journal] - Denmark’s DONG Energy AS and Spain’s Iberdrola have signed a supply agreement for Iberdrola to deliver 35.3 bcf/year of natural gas as LNG to DONG at the Gate LNG terminal at Rotterdam. The 10-year agreement includes an option for a 5-year extension and follows the signing of commercial terms earlier this year. Read More>>
August 16, 2010 [Reuters] - China has completed a crude storage farm of about 26 million barrels in Qinzhou in the southern Guangxi region, near a new refinery that PetroChina has just built, official media reported last week.
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August 12, 2010 [Opis] - Enterprise Products Partners L.P. will bring onstream in the fourth quarter
a total of 4 million bbl worth of new clean oil products underground storage
capacity at Mont Belvieu, the natural gas liquids trading hub on the Gulf
Coast, a company spokesman told OPIS on Wednesday. Read More>>
August 11, 2010 [Tank Storage Magazine] - Singapore-headquartered marine fuel supplier Chemoil is considering building a terminal in South Korea. Read More>>
August 10, 2010 [Opis] - The Energy Information Administration will publish by the end of November a collection of working and shell crude, oil products and ethanol storage capacity data in the U.S. for the first time ever, an EIA official told OPIS on Monday.
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August 7, 2010 [Opis] - The near-record high crude inventory at Cushing, Okla., is in no danger of hitting tank-top anytime soon, with a cushion of another 10 million bbl
estimated, terminal sources told OPIS on Friday. Read More>>
August 5, 2010n [Oiltanking] - Oiltanking Port Neches LLC, a wholly owned subsidiary of Oiltanking Holding Americas, Inc., announced a term
lease agreement with Motiva Enterprises LLC whereby Oiltanking will lease and operate Motiva’s Port Neches marine terminal in Southeast Texas,
effective August 1, 2010. Read More>>
August 4, 2010 [Opis] - Buckeye Partners said on Tuesday that it has exercised its right to purchase an additional interest in West Shore Pipe Line Company from an affiliate of BP plc for $13.4 million. Read More>>
August 3, 2010 [Opis] - NuStar Energy LP has inked an agreement that will give the company 75% interest in a joint venture in Turkey that includes two refined product terminals and an offshore loading facility, the San Antonio-based company said Monday. Read More>>
July 30, 2010 [Business Times - Malaysia] - Shell Malaysia Trading Sdn Bhd has signed a long-term sub-lease agreement with Westports Malaysia Sdn Bhd at Port Klang for storing, supplying and distributing petroleum products. Read More>>