March 21, 2014 [Oman Daily Observer] - Princess Astrid, the Representative of the King Philip of Belgium, visited the Port of Duqm, accompanied by Dr Ahmed bin Mohammed al Futaisi, Minister of Transport and Communications and Yahya bin Saeed bin Abdullah al Jabri, Chairman of the Special Economic Zone Authority at Duqm (SEZAD), and her delegation currently visiting the Sultanate.
March 21, 2014 [NorthJersey.com] - In a move that will free up prime waterfront real estate for redevelopment, Hess Corp. is in negotiations to sell three of its former so-called "tank farms," or terminals, in Edgewater, Bogota and Secaucus as it exits the retail end of the oil business.
March 18, 2014 [HES Beheer] - The finalised adjusted net profit of H.E.S. Beheer N.V., Rotterdam, for 2013 came in at €25.3 million (2012: €25.6 million). The net profit before adjustment was depressed by non-recurring costs of €1.0 million and amounted to €24.3 million (2012: €25.6 million). The non-recurring costs were connected with the due diligence investigation relating to the planned ATIC transaction. Net earnings per share were down from €2.93 to €2.72.
March 13, 2014 [Platts] - South Korea will offer tax incentives to global oil trading companies and ease regulations on oil trading as part of efforts to make South Korea the world's fourth-largest oil trading hub, the energy ministry said Wednesday.
March 13, 2014 [Oiltanking GmbH] - Oiltanking Odfjell Terminals Oman (OOTO) announces the successful commissioning of additional pipeline infrastructure which helps slash jetty turnaround times at OOTO. This investment puts customer service at the forefront of activity and underlines SOHAR Port and Freezone’s credentials as an Omani economic powerhouse.
March 12, 2014 [American Midstream Partners, LP] - American Midstream Partners, LP reported financial results for the three months and year endedDecember 31, 2013. The Partnership reported gross margin (a non-GAAP measure) for the fourth quarter of 2013 of $23.6 million, an increase of $11.7 million or 98.3 percent, compared to $11.9 million in the same period in 2012.
March 12, 2014 [Trend.az] -Four new oil storage facilities with a total capacity of four million barrels is passing its final stages, the Shana News agency quoted Managing Director of the Iranian Oil Terminal Company Pirouz Mousavi as saying on March 11.
March 12, 2014 [OPIS] - TransMontaigne said on Tuesday that it is continuing to look for new tenants to pick up expiring terminaling and storage contracts held by Morgan Stanley in Florida and Mississippi.
March 11, 2014 [The Sunday Leader] - The Ceylon Petroleum Storage Terminals Limited has initiated a plan to construct a new storage facility in Pallai, and shift the operations of the storage facility in Kankasanthurai to the new location. This move was made with the expansion of the Northern railway line up to Pallai.
March 10, 2014 [Royal Vopak] - Today, Royal Vopak (Vopak) announces it has signed an Equity Transfer Agreement with Xianglu Petrochemical (Zhangzhou) Co., Ltd. (Xianglu) in Fujian province, China. The agreement comprises Vopak’s acquisition of a 30% equity interest in Zhangzhou Gulei Haiteng Jetty Investment Management Company Limited (Haiteng).
March 7, 2014 [Kommersant] - Mikhail Leontiev, Vice-President of the Russian company "Rosneft", certifies that the company is in talks with “Channel Energy”, an oil terminal operator at Poti port, regarding its purchase, however , denies reports that the company has already purchased 50% of assets.