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>>
July 29, 2010 [Reuters] - Litasco, the trading arm of Russian oil company, has created a joint venture with Spanish oil company Meroil to invest 50 million euros to expand an oil product terminal in Barcelona. Read More>>
July 29, 2010 [Today's Zaman] - Today's Zaman states that Turkish petrochemicals producer Petkim is in talks with a Dutch terminal operating company to expand and operate the port of Aliağa, which is projected to have a larger capacity than the port of İzmir by 2018, Batu Aksoy, a Petkim board member, has said. Read More>>
July 23, 2010 [VTTI] - Vitol Tank Terminals International (“VTTI”), today announced plans to build a major oil import and distribution terminal in the industrial area of Vassiliko, Cyprus. Read More>>
July 20, 2010 [Bloomberg] - Most of northeast China’s Dalian port resumed operations after a pipeline explosion last Friday caused an oil spill that spread across more than 183 square kilometers (70 square miles) of sea. Read More>>
July 15, 2010 [Business Mirror] - PILIPINAS Shell Petroleum Corp. has hinted it prefers to maintain its depot operations in Pandacan, Edgar Chua, country chairman of the Shell Group of Companies in the Philippines, gave the indication following statements by the Petron Corp. that it was seeking the approval of Shell and Chevron Philippines to join it in moving their storage facilities to the Manila North Harbor. Read More>>
July 16, 2010 [Orascom Construction Industries (OCI)] - Orascom Construction Industries (OCI) confirmed on July 14 that OCI Fertilizer International B.V. has signed an agreement to acquire 100% of the shares in MICRO Chemie B.V., Rotterdam. Read More>>
July 15, 2010 [Intercontinental Terminals Company LLC] - Intercontinental Terminals Company LLC (ITC) acquired an 180-acre site along the Houston Ship Channel to expand their tank terminal business in Houston in the future. Read More>>
July 14, 2010 [North Sea Group] - Netherlands based North Sea Group BV and UK Company, Blue Ocean Associates Ltd have joined forces to create ‘Hydrocarbon Hotel’ which will build a sea terminal with a capacity of 140,000 m³ currently under construction in the port of Amsterdam. Read More>>
July 13, 2010 [Opis] - Magellan Midstream Partners LP said on Tuesday that it has agreed to acquire
7.8 million barrels of crude oil storage and more than 100 miles of active
petroleum pipelines from BP Pipelines (North America) Inc. for $289 million.
BP's plan to divest its pipeline and terminal assets came from an initiative
late last year, way before the massive oil spill occurred in the Gulf of Mexico
in May.
Read More>>