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 [...]
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 [...]
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 [...]
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 [...]
