Terminals

Tesoro gets SoCal nod

Tesoro Corp has received FTC approval for its acquisition of BP’s refining and marketing business in southern California.

Top of the world

CONSTRUCTION There’s a lot more to the average storage tank than meets the eye. Declan McLaughlin, CEO of CST Industries, explains how his company views the business and what industry can expect from the company in the future

Declan McLaughlin from CST Covers

Hungry for oil

ANALYSIS The sudden emergence of massive new product streams from shale oil developments, together with seismic shifts in the structure of the oil industry, are placing new strains on the terminal network in North America. But the sector seems to have the capability to deal with it

Shale production

Global growth

INVESTMENT Odfjell has an ambitious growth strategy for its tank terminal business, developing a new facility in Charleston while expanding in Houston and working on several possible new projects in China that could add another 2m m3 of tank storage capacity to its portfolio 

Aerial view of OTC

KM has big plans for Texas

Kinder Morgan Energy Partners is to build nine new storage tanks at its Galena Park terminal in Texas, adding 1.2m bbl (190,000 m3) of new capacity to handle long-term contracts.

Specialist in energy

PORTS As Europe’s largest gasoline port and second-largest coal port, Amsterdam is a leading player in the fossil energy market. The port is offering its energy knowledge to the expanding biofuels sector

Port of Amsterdam - Aerial view

Magellan makes progress

Magellan Midstream Partners has reported first-quarter operating profit of $142.5m, up from $122.8m a year ago.

Go-ahead for Mariner South

Sunoco Logistics and Lone Star NGL are to press ahead with their massive LPG import/export product in the US Gulf, after Shell Trading US signed up as an anchor client.

Odfjell enjoys happier quarter

Odfjell SE has reported EBITDA of $27m on revenues of $291m for the first quarter 2013. Both figures are down on last year but show some improvement from the fourth quarter.

Back and forth

MARKETS The refining industry is in the doldrums in Europe and about to make a comeback in North America. Meanwhile, the European storage sector is stable in the eye of the storm

Odfjell tanker Bow Saga
Syndicate content