Storage

US Oil Exports Surge, Drawing Crude Away from Storage Hub

U.S. oil exports have climbed following Russia's invasion of Ukraine, and barrels of domestic oil that would typically go to the Cushing, Oklahoma, storage hub are instead being exported via the Gulf Coast.

US Gulf of Mexico Brimming with LNG Tankers as Exports Rise

LNG export terminals are running near full capacity with U.S. exports in high demand amid Russia's invasion of Ukraine and Europe's drive to rebuild shrunken natural gas stocks.

For Dutch Province, Ukraine War Is a Call to Pump Natural Gas

The Groningen field contains roughly 450 Bcm of recoverable gas. That's nearly three years' worth of European imports from Russia, according an expert at the Netherlands Organization for Applied Science.

Underground Storage Faces a Clouded Future

In early November, the consulting firm FTI Consulting Inc. conducted a workshop on underground natural gas storage as part of its contract with the California Public Utilities Commission (CPUC).

Neptune Energy Aims to Store More Carbon than it Emits by 2030

Neptune Energy announced its aim to go beyond net zero and store more carbon than is emitted from its operations and the use of its sold products by 2030.

Talos Energy to Seek Approvals for Several Carbon-Capture Projects

Talos is developing plans to build carbon capture projects along the Texas and Louisiana coasts as energy businesses seek to lower emissions of carbon dioxide and other pollutants.

Proper Cleaning and Storage of Pipeline Pigs

Proper storage and maintenance are important to ensure the optimal performance and condition of urethane pigs.

US to Release Oil from Reserves; OPEC+ Rebuffs Call for More Crude

The United States said on Tuesday it would release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain to cool prices after OPEC+ producers repeatedly ignored calls for more crude.

Duke Energy Begins Replacing Aging Gas Pipeline

Construction got underway on the 12-mile Central Corridor replacement pipeline designed to run though Hamilton County, Ohio, which is in the southeast corner of the state and contains the city of Cincinnati.

New Terminal Loads Initial VLCC Tanker with Crude Oil

Buckeye Partners said crude oil export operations began at the second deepwater dock at South Texas Gateway (STG), a new facility constructed at the mouth of the Corpus Christi Ship Channel in Ingleside, Texas.

Enterprise, Navigator Begin Service on Ship Channel Ethylene Tank

Enterprise Products Partners and Navigator Holdings began service has begun on a 30,000-ton refrigerated ethylene storage tank at the ethylene export terminal, which is owned 50/50 by affiliates of the two companies.

Natixis Sees Deals from Gulf States Monetizing Oil Assets

Natixis expects oil-rich Gulf states to accelerate privatizations, including by extracting revenue from oil assets, with Saudi Arabia and possibly Oman as likely candidates for similar deals next year, the French bank’s regional head said.

China’s Sinopec Plans Record LNG Imports to Battle Cold Snap

Sinopec Corp pledged to maximize domestic gas productions and raise imports of LNG to record rates as a cold spell hitting large parts of the country this week lifts demand for the winter heating fuel.

North Sea Could Shift from Oil Reservoir to CO2 Storage - Total CEO

The North Sea could be switched from a depleting oil and gas basin to a site for storing carbon dioxide under the seabed, Total CEO Patrick Pouyanne said on Tuesday.

Magellan Midstream Tank Explosion Injures 7 in Corpus Christi

Seven Magellan Midstream Partners employees were injured, four critically, when a storage tank at a Magellan plant in Corpus Christi exploded after catching fire Saturday morning, according to deputy Fire Chief Richie Quintero.

Rocket Attack Causes Fire at Oil Refinery in Northern Iraq

A rocket attack in northern Iraq hit a fuel storage tank at the Siniya refinery in Salahuddin province, causing a large fire to break out and briefly halting operations, the country's Oil Ministry said.

Yemen Rebels Claim attack on Saudi Oil Facility in Jiddah

Yemen's Houthi rebels said they struck a Saudi oil facility in the port city of Jiddah on Monday with a new cruise missile, just hours after the kingdom finished hosting its virtual Group of 20 leaders summit.

Gas Storage’s Impact on Pipelines

The arrival of natural gas in Europe in the 1960s marked the advent of large regional gas storage solutions designed to meet multiple needs. Today, gas storage systems balance and stabilize flows of gas to meet demand, smooth price fluctuations and help ensure energy security.

Brooge Energy Begins Preconstruction Work on Phase III Oil Storage Facility

Oil storage firm Brooge Energy has begun preconstruction work on Phase III of its storage facility outside the Straight of Hormuz in the United Arab Emirates.

China Crude Storage Flows Accelerate as Last of Cheap Oil Offloads

China pumped more crude oil into storage in September reversing two months of drawdowns as the world's largest oil importer continued to work through massive purchases made earlier this year when prices plunged.

Lower Canada-U.S. Crude Flows Draws Down on Cushing Glut

Weakened crude oil flows from Canada to Cushing, Oklahoma have helped drawdown on a surplus of fuel at a major industry storage hub over the past two weeks, according to industry traders.

Shell Midstream Offers Mars Sour Crude Storage as Offshore Producers Keep Pumping

Shell Midstream is offering to store barrels of Mars Sour crude as offshore producers continue to pump oil amid the coronavirus pandemic.

Regulators Ease Storage Rules, Fees for Texas Producers

Texas oil and gas regulators voted to temporarily relax their rules for underground crude storage and waive related fees and surcharges that producers typically pay.

Moda Midstream Completes 10 Million Barrel Crude Oil Storage Expansion

Moda Midstream has placed its final 495,000-barrel oil storage tank into service at its 10-million-barrel storage facilities in Texas.

Remaining Oil Storage in Cushing, OK is Already Booked — Traders

Oil traders have said the remaining storage space for crude oil in Cushing, Oklahoma, the largest storage site in the U.S., is already completely booked up by producers.

Producers Scramble for Storage Space as Oil Glut Grows

Oil producers are scrambling to find storage space for excess barrels, many being forced to pay storage companies to take oil as prices turned negative on Monday for the first time in history due to an unprecedented slump in demand.

U.S. Crude Stocks Jump by Record 19 Million Barrels: EIA

Crude oil stockpiles in the U.S. rose by 19 million barrels last week, the largest one-week increase in history.

Enterprise Offers Crude Oil Transport to Cushing on Seaway Pipeline

Enterprise Products Partners said it will give oil companies hunting for places to store crude the chance to ship barrels on its Seaway pipeline from the Gulf Coast to Cushing, Oklahoma, the main U.S. storage hub.

France's CIM's Storage Tanks Brimming on Low Oil Demand

Oil tanks at France's storage and dispatch services company CIM are completely full due to the glut in global oil supply and the sharp drop in products demand, the director general of the company said.

U.S. to Buy 30 Million Barrels of Oil to Help Fill Strategic Reserve

President Trump has directed the U.S. Department of Energy to begin purchasing crude oil to fill the country's Strategic Petroleum Reserve.