Read the Latest News Affecting the Tank & Terminal Industry

DOE Awards SPR Oil Sale Contracts
Rigzone, Sept. 14, 2021
The U.S. Department of Energy released the names of eight companies awarded contracts on August 23 for the sale of oil from the nation's Strategic Petroleum Reserve with deliveries expected between October 1 and December 15.

Texas Energy Center Sold in $3 Billion Deal
OK Energy Today, Sept. 9, 2021
Moda Midstream and Encap Flatrock Midstream announced jointly the sale of the Moda Ingleside Energy Center in Texas to Enbridge Inc, in a deal reported at $3 billion, subject to closing adjustments.

Crude Oil Inventories in Cushing, Oklahoma, Are Down More than 40% from Start of 2021
Today in Energy, Sept 21, 2021
Crude oil inventories are down by 42% (total 32.9 million barrels) for the week ending September 10 and 26% lower than normal based on the previous 5-year average, according to the U.S. Energy Information Administration.

Crowley Awarded DoD Fuel Storage Services Contract to Support Pacific Military Operations
gCaptain, Sept. 28, 2021
Crowley Solution, the government business unit of Jacksonville-based Crowley Maritime, has been awarded a multi-year contract to provide fuel management and storage services for Pacific military operations.

U.S. Loans Exxon Another 1.5 Million Barrels of Oil from Emergency Reserve
Financial Post, Sept. 9, 2021
The U.S. Energy Department has approved a second loan of 1.5 million barrels of Strategic Petroleum Reserve oil to Exxon Mobil Corporation for its Baton Rouge refinery that was damaged by Hurricane Ida in early September.

Suncor Energy Forms Partnership with Eight Indigenous Communities in the Regional Municipality
AP News, Sept. 16, 2021
Suncor announced it has signed agreements with eight indigenous communities in the Regional Municipality of Wood Buffalo, Alberta province, to purchase TC Energy's 15% equity in the Northern Courier Pipeline Limited Partnership for about $1.3 billion.

UAE's Brooge Petroleum Takes First Oil at Expanded Storage Site
Financial Post, Sept. 12, 2021
Brooge Petroleum announced it had received its first shipment of oil at its Middle East terminal at the port of Fujairah in the United Arab Emirates, the region’s main oil trading hub.