Read the Latest News Affecting the Tank & Terminal Industry
Enable Midstream Partners LP : Energy Transfer to Acquire Enable Midstream in $7 Billion All-Equity Transaction
Market Screener, Feb. 17, 2021
Energy Transfer LP and Enable Midstream Partners, LP have entered into a $7.2 billion equity agreement with Energy Transfer acquiring Enable's transportation, processing and storage assets in Oklahoma, Arkansas and along the U.S. Gulf Coast.
Oil Rises After Data Shows Slump in U.S. Output Amid Texas Freeze
Reuters, Feb. 23, 2021
On the heels of a record deep freeze across Texas, oil futures rose with Brent crude toping $67.30 per barrel and U.S. West Texas Intermediate settling at $63.22. Oil levels continue to near pre-pandemic levels rallying about 30% since January 1.
Winter Storm Uri has Impacted Nearly 6.0 Million Barrels Per Day of Refining Capacity in the United States
BIC Magazine, Feb. 20, 2021
In the wake of winter storm Uri's electrical and infrastructure damage, IHS Markit estimates that more than 5.2 million b/d of Gulf Coast capacity was impacted, with production drops estimated at 2-2.2 million b/d to as high as 4 million b/d.
Empire Diversified Energy: Subsidiary Petro Empire Liquids and Storage LLC, Completes its Purchase of the Koppers Facility in Follansbee, West Virginia
Market Screener, Feb. 24, 2021
Petro Empire Liquids (a subsidiary of Empire Diversified Energy Inc.) has acquired the 35-acre Koppers facility in Follansbee WV as part of Empire's plan to develop an integrated energy and logistics terminal just west of Pittsburgh, PA.
John Lawrence joins CyberFuels, Inc. and CyberFuels Gateway Terminal as President
Markets Insider, Feb. 16, 2021
EncounterCare Solutions, Inc. has named John Lawrence as president of its wholly owned subsidiaries CyberFuels, Inc. and CyberFuels Gateway Terminal effective February 15, 2021.
DOE Announces Notice of Sale of Crude Oil from the Strategic Petroleum Reserve
Energy.gov, Feb. 11, 2021
The U.S. Department of Energy announced it will draw down 10.1 million barrels of crude oil from three of its Strategic Petroleum Reserve sites, including Bryan Mound, Big Hill and West Hackberry, and will accept bids until 9 a.m. CT February 24, 2021
Iraq in Advanced Talks to Build Oil Storage in China, Says Oil Minister
Market Screener, Feb. 14, 2021
To boost oil sales to Asian markets, Iraq's Oil Minister Ihsan Abdul Jabbar said plans are being discussed with state-run Chinese companies and the Pakistani government to build crude oil storage facilities in their countries.
Klobuchar, Ernst Introduce Legislation to Expand Renewable Fuel Market and Consumer Access
Market Screener, Feb. 8, 2021
U.S. Senator Amy Klobuchar (D-MN) and Joni Ernst (R-IA) have reintroduced the bi-partisan Renewal Fuel Infrastructure Investment and Market Expansion Act that would authorize $500 million in infrastructure grants for fuel retailers over a five year period.
Green Plains Partners to Sell Ethanol Storage Assets to Green Plains Ord LLC
Market Wire News, Jan. 27, 2021
Green Plains Partners LP announced the $27 million sale of its Green Plains ethanol facility to Green Plains Ord LLC, reducing the company's volume commitment by 14.75 million gallons per quarter.
Biggest LNG Maker Hires Builders for $29 Billion Expansion
Yahoo Finance, Feb. 9, 2021
In a move to cement itself as the world's leading supplier of fuel, Qatar announced it was hiring engineers for a planned $29 billion expansion of its liquid natural gas production, a move that will lift the annual output to about 110 million tons per year.