Oil Storage News

Brooge Energy Achieves Major Milestone with Launch of Phase II Storage Facility
United Arab Emirates >> 9/9/2021 - Brooge Energy Ltd., a midstream oil storage and service provider strategically located outside the Strait of Hormuz, in the Port of Fujairah in the United Arab Emirates (the “UAE”), has announced that...
Wressle JV Receives Oil Storage Consent
United Kingdom >> 5/26/2021 - Union Jack Oil, a UK focused onshore hydrocarbon production, development and exploration company, has been advised by Egdon Resources U.K., the Operator, that consent has been received from the North ...
Engie EPS’ Technology Reconfirmed as Preferred Choice for Microgrids
United States >> 3/25/2021 - - A new energy storage system in California integrating the microgrid already deployed in 2020
- 9.6 MWh energy storage to increase the resilience of the microgrid enhancing grid stability and m...
KN is Preparing to Reload Bitumen
Lithuania >> 12/7/2020 - KN the operator of oil and liquefied natural gas (LNG) terminals, concluded an agreement with UAB Elektrenu energetikos remontas on the reconstruction and adaptation of two storage tanks for bitumen l...
Marvesa & Koole Sign Agreement to Build New Tank Storage Terminal
Netherlands/Holland >> 11/24/2020 - Marvesa Supply Chain Services B.V. and Koole Tankstorage Botlek Holding B.V. have signed an agreement to build and use a new state-of-the-art tank storage terminal in Rotterdam with a storage capacity...
DNV GL Awards GASA to HHI for Centreline Oil Tight Longitudinal Bulkhead
South Korea >> 9/3/2020 - DNV GL has presented Hyundai Heavy Industries (HHI) with a general approval for ship application (GASA) for a new concept of very large crude carriers (VLCCs) with a centreline oil-tight longitudinal ...
Overseas Shipholding & Greenbrier Announce Major New Vessel Build
United States >> 6/2/2020 - Overseas Shipholding Group, Inc., a provider of energy transportation services for crude oil and petroleum products in the U.S. Flag markets, announced that it has received delivery of the OSG 204, a ...
Petrofac Secures Iraq Contract Extension with Basra Oil Company
Iraq >> 5/28/2020 - Petrofac’s Engineering & Production Services division (EPS) has secured a further six-month contract extension with Basra Oil Company (BOC) for its long-standing Iraq Crude Oil Export Expansion Projec...
Sinopec Puts China’s Largest Petrochemical Port into Operation
Sinopec Puts China’s Largest Petrochemical Port into Operation China >> 5/9/2020 - Sinopec Corp, China's leading energy and chemical company, has put China’s largest petrochemical port into operation with the successful docking and unloading of the New Renown, Crude Oil Tanker (VLCC...
Jusk Terminal Set to Become Iran Energy Hub
Iran >> 2/22/2020 - The first phase of crude oil exports from Jask oil terminal in southeast Iran will commence by March 2021. Once fully operational, this project would transfer 1mb/d of crude oil from Iran’s oil-rich w...
3.2m Barrels Fuel Storage Facility to Be Launched in Qeshm Island
Iran >> 1/15/2020 - Head of Iran's Qeshm Free Trade Zone, Hamid-Reza Mo’meni said the island’s first fuel storage facility with the capacity of 3.2 million barrels will be launched by the next 20 days, IRIB reported. ...
Equinor Abandons Oil Terminal Project for Johan Castberg
Norway >> 12/13/2019 - The Johan Castberg partners, consisting of Equinor, Var Energi and Petoro, have studied a possible development of a downscaled ship-to-ship oil transfer terminal at Veidnes in Finnmark county in North...
Long Term Future of Nigg Oil Terminal Jetty Secured
United Kingdom >> 10/10/2019 - Global Energy Group has reached agreement with Repsol Sinopec Resources UK Ltd to take over the long-term operation of the Nigg Oil Terminal jetty under a new lease with Crown Estates Scotland.
Storage Capacity Increased at Ras Lanuf Port
Libya >> 9/17/2019 - National Oil Corporation (NOC) subsidiary Harouge Oil Company has replaced Ras Lanuf storage tank no. 7, which has a capacity of 500,000 barrels of crude oil, bringing the port’s storage capacity to i...
About the Algerian Tanker "MESDAR"
Algeria >> 7/20/2019 - On Friday, July 19, 2019, the MESDAR tanker of 2,000,000 barrels of capacity, property of SONATRACH, was forced to set sail for the territorial waters of the Iranian coasts, by the coastguards of the ...
PEDEC Seal Deal with Domestic Firm to Construct Oil Storage Tanks
Iran >> 10/1/2018 - Irans Petroleum Engineering and Development Company (PEDEC) struck a BOT contract with a domestic firm for construction of 10-million-barrel crude oil storage tanks. ...
Iraq May Build Oil Storage in Japan, South Korea to Drive Asian Sales
Japan >> 3/27/2018 - Iraq is studying the possibility of building crude oil storage facilities in South Korea and Japan as part of a plan to increase sales to Asian clients, the head of the Iraqi state-oil marketer SOMO, ...
OTTCO Signs Usufruct Agreement to Develop Ras Markaz Crude Oil Storage Terminal
Oman >> 7/6/2017 - The Special Economic Zone Authority at Duqm "SEZAD" has granted Oman Tank Terminal Company LLC "OTTCO" a Usufruct Right to construct Ras Markaz Crude Oil Storage Terminal. Oman Tank Terminal Company L...
KNPC Plans $1.3 bln Oil Products Storage Plant
Kuwait >> 5/24/2017 - Kuwait National Petroleum Co (KNPC) is considering building a large storage plant for oil products at a cost of 400 million Kuwaiti dinars ($1.32 billion), its chief executive said. ...
Bids for Phase 1 of Oman’s Ras Markaz Crude Terminal due Next Month
Oman >> 4/9/2017 - Bids for the first phase of an ambitious crude oil storage park at Ras Markaz on Oman’s southeastern coast are due in next month, according to a key official associated with the giant scheme. Oman Tan...

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