Buckeye Partners has completed its acquisition of 20 petroleum product terminals from Hess Corp.
Vopak has meanwhile pulled back from its ambition to achieve EBITDA of €1bn in 2016.
Vopak is to build the first independent refrigerated LPG terminal in south-east Asia.
Odfjell Terminals (Rotterdam) (OTR) has been fined €3m by Rotterdam’s Public Prosecutor for breaches of safety and licensing requirements.
Ineos is planning to construct an ethane terminal at its Grangemouth refinery in Scotland, as part of a ‘survival plan’ for the facility.
LEGAL Odfjell Terminals (Rotterdam) has received a €3m penalty from the city, and over 200 further concealed incidents at the terminal have come to light
Vopak has sold its wholly owned terminal in Pasir Gudang, Malaysia, to PGEO Group Sdn Bhd, a subsidiary of Wilmar International Ltd.
US After consistent profit growth reports, some of the major players in the US midstream sector posted weak results for the third quarter. The local crude oil market is not as dependable as some might think
Dialog Group has signed an MOU with Concord Energy Pte to carry out a feasibility study for a proposed crude oil and petroleum products terminal at Pengerang in Johor, Malaysia.
Odfjell has put on hold further re-commissioning of tankage at its Rotterdam terminal.