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Rocket Hits Crude Oil Storage Tank at Trans-Israel Pipeline: Reports

London — A fire broke out at the Trans-Israel or Eilat-Ashkelon pipeline in Ashkelon, Israel, after a rocket from Gaza hit a crude oil storage tank on May 11, according to local media reports. Violence has escalated in recent days, with rockets fired at Israeli cities from the Gaza Strip and the Israeli military carrying [...]

May 16th, 2021|Fuel Storage, Storage News, Tank storage, Tank Terminal|

U.S. LNG Terminals Seen Running at Full Capacity Through Summer to Meet Global Demand

It’s shaping up to be a drastically different summer for U.S. liquefied natural gas (LNG) exporters as the global market has unexpectedly tightened and demand has spiked in a reversal of fortunes from last year when trade slumped to historic lows.   “Things changed a lot,” said Rystad Energy’s Carlos Torres Diaz, head of gas [...]

May 3rd, 2021|Fuel Storage, Storage News, Tank storage, Tank Terminal, US Terminals|

NuStar to Expand Pipeline to Albuquerque, Allowing Thousands more Barrels per Day to Roll Through

NuStar Energy LP is expanding its pipeline capacity so it can deliver an estimated increase of 6,000 barrels per day of refined product from Amarillo, Texas, to Albuquerque, according to a recent news release. The company plans to partner with Phillips 66 Co. (NYSE: PSX), which jointly owns the pipeline with NuStar, on the project. [...]

April 20th, 2021|Storage News, Tank Terminal|

ATS Terminals Eyes 100,000 cu m Tank Storage Capacity by 2022

Sharjah-based ATS Terminals has announced plans to increase its tank storage capacity from 42,000 cu m to 72,000 cu m at a total investment of AED55 million ($15 million).   Based at Hamriyah Free Zone in Sharjah, the Indian company offers services like storage and transport of liquid chemicals and fuel. Its state-of-the-art terminal is [...]

April 15th, 2021|Storage News, Tank Terminal|

Malaysia’s Petronas Delays Pengerang Restart, Sees Challenging Year

KUALA LUMPUR – Malaysia’s Petronas on Friday (Feb 26) delayed the launch of its Pengerang Integrated Complex until the second half of the year from the first, but dismissed rumours partner Saudi Aramco was looking to exit the US$27 billion (S$36 billion) project.   The state oil firm Petronas said it faced another challenging year [...]

March 4th, 2021|Storage News|
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