Coronavirus Leaves China-bound Tankers Stranded
The coronavirus's effect on energy markets is worsening, as the sharp fall in demand in China, the world's largest importer of crude, is stranding oil cargoes off the country's coast and prompting shippers to seek out other Asian destinations.More than 1…
Storage Tank at Libya's Ras Lanuf Oil Port Has Collapsed
One of two oil storage tanks ignited amid clashes at the Libyan oil port of Ras Lanuf has collapsed after burning for two days, a local engineer and a fire fighter said on Tuesday.Ras Lanuf's storage tank No. 12 was set on fire on Sunday, three days after another storage tank, No.
Canada Pipeline Opponents to take on Kinder Morgan, Ottawa
If Canada approves Kinder Morgan's Trans Mountain pipeline expansion, the company's four-year campaign for the project will be far from over. Next up is a battle against hardening opposition amongst some communities along its planned route. The C$6.8…
Libya's NOC Warns of More Islamic State Attacks
Fida oil field was attacked by militants last week - NOC. Libya's oil facilities are likely to suffer further attacks unless a United Nations-backed unity government is approved, the head of the National Oil Corporation (NOC) told Reuters in an interview on Monday.
Fires Still Raging at Major Libyan Oil Terminal After Attack
Fires at oil storage tanks in the major Libyan terminal of Ras Lanuf were still raging on Friday more than 24 hours after an attack by Islamic State militants, a firefighting official said. Mustafa Moussi said fires were burning at five of the terminal's 13 storage tanks, one of which was close to collapse.
NOC Empties Ras Lanuf Storage after Islamic State Attacks
The Libyan National Oil Corp (NOC) has emptied oil storage tanks at the Ras Lanuf terminal as a precaution after Islamic State militants attacked the country's two biggest oil ports last week, an adviser to the company linked to Libya's official, eastern-based government said on Monday.
Libya Oil Company Empties Tanks in Ras Lanuf after Attacks
Libya's National Oil Corporation has emptied oil storage tanks in Ras Lanuf as a precaution after the Islamic State group attacked Libya's two biggest oil ports last week, an official from the company said on Monday. "We have taken all the oil stored in the tanks there (Ras Lanuf) to a safer location…
Power Plant hit by Shelling in Libya's Benghazi
A major power plant in the eastern Libyan city of Benghazi has been attacked by militants, an army commander and a plant employee said on Saturday. The employee said the shelling started late on Friday evening and continued into the morning, shutting…
Four Tanks Ablaze at Libyan Ports
Fires caused by clashes between Islamic State militants and guards near Libya's biggest oil ports have spread to four oil storage tanks that were still burning on Wednesday, a guards spokesman said. Ali al-Hassi said the Petroleum Facilities Guards were in control of Es Sider and Ras Lanuf ports…
Derivitive Markets: Get used to cheap oil
Oil prices will stay low for years to come, derivatives markets say, keeping a lid on inflation and helping boost global growth. Oil has more than halved in value over the last year, thanks to huge oversupply, and many oil companies, particularly in the United States…
Eni: Fire at Agip Facility in Nigeria Halts 20,000 bpd Production
A fire at two crude oil storage tanks at Agip's Ebocha plant in Nigeria's Rivers state has shut down production of about 20,000 barrels per day, a spokesman for Eni said on Monday. He said the fire started on Sunday evening and firefighters were still trying to contain the blaze.
Denholm MacNamee Adds Tank Cleaning Tool
Aberdeenshire-based Denholm MacNamee has invested in an additional hydraulic dozer system which will further enhance the company’s efficiency in its tank cleaning business. The dozer system is a purpose-built tank cleaning tool for large diameter above…
China Storage Logisitics Will Impact Crude Imports
The state of China's oil storage tanks is shaping up as a key determinant of the likely path of imports by Asia's largest fuel consumer. It's widely accepted in the oil market that China is importing more crude than it actually uses, or re-exports as refined products…
Enterprise: Clients Must Pay for Dock Work
Enterprise Products Partners LP said on Wednesday that companies using its crude oil storage facility in the Houston Ship Channel must pay extra for dock services, brushing off complaints from client BP Plc . "We believe if you want a service, you pay for it…
Port Battle Underscores Possible Libya Break-Up
Armed factions deploying heavy weapons. Peace talks making little progress. Hidden behind a pile of sand, a tank points its gun towards Libya's biggest oil port on the other side of an invisible frontier that now divides the north African nation. Factions…
Fire at Lybia Oil Terminal Extinguished
Libya has extinguished a fire at oil storage tanks at the country's biggest oil port, Es Sider, that had been raging for a week, officials said on Friday. Es Sider and its adjacent Ras Lanuf terminal have been closed since a group allied to a rival…
Oil Tanks Destroyed at Libya Port, Others Still Ablaze
Two oil storage tanks remain on fire at Libya's Es Sider oil port while two others have collapsed almost a week after clashes there sparked the blaze, a spokesman for state National Oil Corp (NOC) said on Tuesday. Fires at two other storage tanks at…
Libya's Oil Output Wanes as Fighting Shuts Ports
Hariga fields still producing but Libya's current output a fraction of pre-2011 levels. Libya is producing 128,000 barrels of oil a day from fields connected to far eastern port of Hariga, an oil official said on Monday, while fighting halts work at major ports Es Sider and Ras Lanuf.
Magellan Filling Oil Storage Tanks Ahead of BridgeTex Startup
Magellan Midstream Partners L.P. started filling oil storage tanks at Colorado City, Texas, last weekend ahead of the start up of its 300,000 barrel per day BridgeTex Pipeline, according to Robb Barnes, senior vice president of commercial crude oil.
