June 28, 2010 [TradingMarkets] -San Miguel Corp. (SMC) is looking at the Manila North Harbor as the future site of its logistics hub, which would contain a grains terminal as well as an oil depot to replace a key facility at Pandacan. Read More>>
June 25, 2010 [ADPO] - The ADPO Group (Antwerp, Belgium) announced today that it has entered into a Sale Agreement with the Gadot Group (Herzeliya, Israel) for the sale and transfer of ADPO Ghent, Belgium. Read More>>
June 23, 2010 [OPIS] - A few oil majors have publicly announced in the past few months plans to downsize its downstream assets and focus more on the more lucrative upstream sector. Read More>>
June 22, 2010 [OPIS] - Enterprise Products Operating LLC was outbid in a bankruptcy auction that offered Bigler's petchemical terminal assets on the Houston Ship Channel late last week, a Bigler official told OPIS on Tuesday. Read More>>
June 22, 2010 [TankTerminals.com] - Specialty chemical company Lanxess has finalised contracts with key suppliers for its new $575 million US dollar butyl rubber plant on Jurong Island in Singapore, among which is a storage contract with Stolthaven Terminal Singapore. Read More>>
June 18, 2010 [The Telegraph India] - India is likely to offer to Kuwait a storage facility for its crude oil in return for assured supplies in the long term from the Gulf nation. The proposal may be put before Kuwait’s oil minister Sheikh Ahmad Abdullah al Sabah when he visits New Delhi later this month.
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June 18, 2010 [2theadvocate.com] - The St. James Parish Council agreed to consider a proposal to sell $100 million in state revenue bonds to finance a west bank tank farm expansion project. Read More>>
June 16, 2010 [Marketwire] - Enbridge Inc. announced completion of the acquisition of the 50% of the Hardisty Caverns Limited Partnership previously owned by CCS Corporation for approximately $52 million. The Hardisty Caverns facility, now wholly owned by Enbridge, includes four salt caverns totaling 3.1 million barrels of capacity, and provides term storage services under long-term contracts. Read More>>
June 16, 2010 [Dredging Today/Brightoil] - Brightoil Dalian Storage, a wholly-owned subsidiary of Brightoil Petroleum (Holdings) Limited , entered into the Dredging and Reclamation Contract with China Communications Construction in relation to the dredging and reclamation works on the Land in the northern port of the Changxing Island Harbour Industrial Zone located on Changxing Island, Dalian City, Liaoning Province, the PRC. Read More>>
June 14, 2010 [The National] - Saudi Aramco has reached an agreement with the Japanese government to stockpile crude oil on the island of Okinawa, giving the company a strategic position close to the fast-growing Chinese market.
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June 15, 2010 [Emirates Business] - Aegean Marine Petroleum Network (AMPN), the Greek fuel logistics company that has operations across the world, will begin the construction of its three million barrels oil storage facility in Fujairah next month, the head of company's operations in the UAE, said. Read More>>
June 14, 2010 [Ampal] - Ampal-American Israel Corporation, a holding company in the business of acquiring and managing interests in various businesses, with emphasis in recent years on energy, chemicals, communications and related fields, announced today that Gadot, Ampal's wholly owned subsidiary, entered into an agreement to acquire a chemical storage terminal in Western Europe. Read More>>
June 13, 2010 [TankTerminal.com] - Gavilon Pipeline and Storage, LLC, a wholly owned subsidiary of The Gavilon Group, LLC, announced plans to construct more than four million barrels of crude oil storage capacity in Cushing, Oklahoma. Read More>>
June 11, 2010 [Business Wire] - Blackwater Midstream Corp.announces that Blackwater New Orleans, LLC, its wholly owned subsidiary, has completed a previously announced expansion at its Westwego, LA terminal that included the construction of a new ship dock and three 50,000 barrel storage tanks. Read More>>
June 11, 2010 [OPIS] - Hong Kong-based commodity trading company, Noble Group, will be a tenant at
a new EUR 150 million ($181.141 million) third-party, joint-venture oil
terminal in Rotterdam, an official with knowledge of the terminal project told
OPIS on Friday. Read More>>