Storage
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.
Global Oil Storage May Hit Capacity Within Months — Analysts
Industry analysts are predicting oil storage availability around the globe may reach capacity within months.
Traders Race for Storage as Oil Price Plunges
Oil traders are racing to buy up storage as oil prices plummet amid the Saudi/Russian price war.
Gibson Sanctions Million-Barrel Expansion at Hardisty Terminal
Calgary-based Gibson Energy Inc. said it has approved the construction of one million barrels of new tankage at its Hardisty Terminal.
Gibson Sanctions Million-Barrel Expansion at Hardisty Terminal
Calgary-based Gibson Energy approved the construction of 1 million barrels of new tankage at its Hardisty Terminal.
Gibson Sanctions Million-Barrel Expansion at Hardisty Terminal
Calgary-based Gibson Energy Inc. said it has approved the construction of one million barrels of new tankage at its Hardisty Terminal.
Pipeline Operators: Germany's Winter Gas Supplies Secure
Germany will have enough natural gas this winter, despite restrictions on transit routes Opal and TENP 1, as storage levels are close to 100%, pipeline operators' group FNB said on Monday.
Officials Study Fire at California Storage Site after Quake
Officials are trying to determine Wednesday if a 4.5 magnitude earthquake triggered an explosion at an ethanol storage facility in the San Francisco Bay Area that started a fire and kept thousands of people in their homes for hours because of potentially unhealthy air.
New Pipelines, Hurricane Drive WTI Inventories Down, Prices Up
U.S. oil futures rose 1.7% on Thursday, lifted by a deep draw on U.S. crude inventories, especially at the benchmark's delivery hub due to increased demand with the start-up of two new West Texas pipelines.
Energy Department Offering Grants for Pipeline Projects
The Department of Energy will award $24 million in grants for the development of tools, methods and technologies to cost-effectively enhance the safety and efficiency of the nation’s natural gas production, gathering, storage, and transmission infrastructure. Grants will be as much as $3 million but no lower than $1 million.
Canadian Oil Pipeline Congestion Sets up Lucrative Storage Play
As Canadian oil production has outpaced pipeline takeaway capacity, demand for storage in the oil sands province of Alberta has increased.
NW Natural Completes North Mist Expansion Project
NW Natural has completed its North Mist Expansion Project and begun providing no-notice storage to Portland General Electric’s Port Westward plants to balance renewable power on the grid.
New Concho-Frontier JV to Construct Midland Basin Gathering System
Concho Resources and Frontier Midstream Solutions IV have agreed to form a 50-50 joint venture, Beta Crude Connector, LLC (BCC), to build and provide crude oil gathering, transportation and storage services in the Northern Midland Basin.
Storage Tanks Explode at Venezuela Heavy Oil Project
Two storage tanks have exploded at the Petro San Felix heavy-crude upgrading project in eastern Venezuela, according to an oil industry source and a legislator.
Lithuania to Ask Belarus to Switch Nuclear Plant to Gas
Lithuanian Prime Minister Saulius Skvernelis will ask Belarus to convert its Russian-built nuclear power plant to gas provided by Lithuania’s liquefied natural gas (LNG) terminal and a planned gas link between Lithuania and Poland.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Boardwalk Approves 110-Mile, 1.16 Bcf/d Mississippi Kosci Junction Pipeline Project
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Enbridge Should Rethink Old, Troubled Line 5 Pipeline, IEEFA Says
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Polish Pipeline Operator Offers Firm Capacity to Transport Gas to Ukraine in 2025
