Storage
Dreams of gas hubs
1 May 2007
Russia considers Turkey and Hungary as strategic hubs for the storage and transit of gas to western Europe. But it still has some way to go to convince Hungary to back its extension of the Blue Stream pipeline over the Nabucco project and to persuade Turkey to enter a strategic partnership, writes NJ Watson
Business strengthens on oil trends
1 January 2007
Independent storage-terminal operators in the world's big supply and refining centres are benefiting from oil's robust fundamentals, Martin Quinlan writes
Europe: better at ARA
1 January 2007
The big independent ARA terminals have seen a structural change in their business – and are building new facilities to take advantage of it, Martin Quinlan writes
Singapore booms
1 January 2007
The independent storage business is on a roll, with capacity expanding fast to keep up with escalating demand, Martin Quinlan writes
Trouble in store
1 March 2006
Growth in storage capacity is failing to keep pace with burgeoning natural gas demand and could be a significant factor behind volatile prices, writes Anne Feltus
Favourable times
1 January 2006
The independent storage business is doing well, on the strength of a structural increase in demand for its services. In the main trading and supply locations, surplus capacity has been mopped up by demand growth and expansion projects are being implemented, Martin Quinlan writes
Singapore: three new terminals
1 January 2006
Three new independent storage terminals are under construction in Singapore, all for start-up this year. The country's oil-storage business is booming and the large operators say the new capacity will be fully utilised, Martin Quinlan writes
NWE: business strengthens
1 January 2006
Independent storage operators in the Amsterdam-Rotterdam-Antwerp (ARA) area have seen a surge in demand for tank space. The signs are that the upturn is structural – so investments in new capacity are going ahead, Martin Quinlan writes
US: mixed blessings
1 January 2006
IT'S A GREAT time to be in the US petroleum storage business. With imports of crude oil and gasoline reaching record levels and domestic refineries churning out products at an almost unprecedented pace, utilisation rates have continued to climb at the tank farms that serve the energy industry, Anne Feltus reports
New variation on FPSO theme
1 October 2005
FPSOs have become the most-favoured production facility for oil in many areas. The latest development takes the concept into LPG production, Martin Quinlan writes
NW Europe: location, location
1 January 2005
Business conditions are increasingly polarised to location. Tank space at the big trading ports is seeing high occupancy and throughputs, but logistically driven operations elsewhere can face strong competition, Martin Quinlan writes
Singapore: new capacity
1 January 2005
Strong demand for tank space and the rising profile of the Asia-Pacific region have led to projects for two new petroleum terminals in Singapore. The construction of underground storage capacity is also under study. A sharp increase in oil-products trade is driving the growth, Martin Quinlan writes
Strength in reserve
1 January 2005
AT first sight it appears counterintuitive. Ploughing up to 170,000 barrels a day (b/d) of crude into the Strategic Petroleum Reserve (SPR) ? stockpiled in vast underground salt caverns at four sites in Texas and Louisiana ? at a time of plus $40 a barrel oil prices, seems an expensive gambit for the US authorities, writes James Gavin
Profits down on exchange-rate effects
1 January 2005
THE WORLD's largest and second-largest independent storage operators, Vopak and Oiltanking, have both reported reduced profits ? largely as a consequence of the devaluation of the US and Singapore dollars against the euro
Corporate shuffling
1 January 2004
The past year’s corporate activity in the independent storage business centres – at last – on some re-shaping of Vopak, created in November 1999 through the merger of Van Ommeren with Pakhoed
Singapore: coming off the boil
1 January 2004
There are signs that the independent storage business will be less satisfactory this year than it was in 2003. However, Singapore has a way of defying pessimistic forecasts, Martin Quinlan writes
Northwest Europe: business strengthens in trading areas
1 January 2004
Storage operators at the big trading ports of northwest Europe are seeing high utilisation rates and high throughputs, with Rotterdam in particular benefiting from a booming fuel-oil trade. But business conditions for operators serving the logistical trade to the European hinterland are less exciting, Martin Quinlan writes
Business boost from political uncertainties
1 January 2003
Worldwide political uncertainties, price volatility in refined oil products, oil company restructuring and new trading opportunities all tend to be positive factors for the independent storage business. Accordingly, 2002 was generally a good one for terminal operators and the signs are that 2003 will also provide strong flows through tanks, Martin Quinlan writes
Storage feels the strain
1 September 2002
The construction boom in gas-fired power plants could overtax the US’ gas storage system as new generating plants come into operation. Anne Feltus takes a look at the alternatives for boosting capacity
Facing a downturn
1 January 2002
Conditions generally became less favourable for the worldwide independent storage business in 2001 – and there are forecasts of tough times this year, if the fall in demand for jet kerosene extends to other products. Lower utilisation rates will step up the pressure for industry restructuring, Martin Quinlan writes
Business cools in Rotterdam
1 January 2002
The past 12 months have seen conflicting trends for terminal operators serving the European hinterland. Oil products price movements have not favoured speculative storage, but – for some products – there has been logistically driven growth in demand for storage capacity. Forecasts of cooling economies were scaling back demand for tank space in the latter months of last year, Martin Quinlan writes
Consolidation, regulation, growth
1 January 2002
The trends that dominated the independent petroleum products terminaling industry during the closing years of the 1990s – consolidation, regulation and growth – have continued into the opening years of the 21st century, writes Anne Feltus
Singapore: the place to be
1 January 2002
Logistically driven operations are the key to the success of the independent storage business in Singapore. Large volumes of crude flow in, large volumes of refined products flow out, and – a fairly recent trend – substantial volumes of refined products flow in and out, in a balancing trade between Singapore and the new refineries of Asia’s high-growth countries. If it were not for terrorism and the resulting downturn of the last quarter, 2001 would have been a record year for Singapore’s oil movements, Martin Quinlan writes.