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  • Italy is expected to add around 249bn cf of underground gas storage capacity between 2019 and 2023, from 14 planned and announced underground gas storage sites, according to GlobalData.The company forecasts that Europe will add 49 planned and announced underground gas storage sites during the foreca...

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  • Eni has signed an agreement with the Italian Biogas Consortium (CIB) to promote the production of advanced biomethane from animal waste, agro-industrial byproducts and dedicated winter crops for use in the transport sector in the form of compressed gas or LNG. The agreement supports Eni’s efforts to...

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  • Asia is forecast to be the major contributor to the growth of the global liquids storage industry by 2023, accounting for around 33% of the global liquids storage terminals’ capacity from newbuild and expansion projects in 2023, according to GlobalData.Research by the data and analytics company reve...

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  • According to the Iranian Oil Ministry’s news website SHANA, the President of Iran Hassan Rouhani has inaugurated the onshore refining facilities of phases 13 and 22–24 of the supergiant South Pars gas field, located in the Persian Gulf. Iranian Minister of Petroleum Bijan Zangeneh accompanied t...

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  • India's first east coast regas project, Ennore LNG terminal, was commissioned in March by Indian Oil Corporation (IOCL). The country is looking to double its regas capacity to 56.5mn t/y by 2025.Commenting on the significance of the project, Wood Mackenzie's Senior Analyst Kaushik Chatterjee, says: ...

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  • Ineos has unveiled plans to invest £1bn in the UK in multiple projects. The biggest investment – £500mn – will be in the Forties Pipeline System (FPS), aiming to extend the life of the pipeline by at least 20 years, into the 2040s. The company reports that it intends to overhaul the reliability of t...

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  • The Essar Oil UK Group of companies (Essar) recently unveiled the latest phase of its strategic business development after announcing the acquisition of a number of assets from BP to further strengthen the company’s logistics infrastructure in the UK.This latest expansion of its UK interests means E...

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  • The US Treasury Department's Office of Foreign Assets Control (OFAC) announced on 28 January 2019 the imposition of new sanctions against the country’s state oil company PdVSA, writes Ed Zwirn in New York and Keith Nuthall. The sanctions effectively halt US purchases of oil from Venezuela – the Lati...

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  • Total has made a significant gas condensate discovery on the Brulpadda prospect, located on block 11B/12B in the deepwater Outeniqua Basin, 175 km off the southern coast of South Africa and about 180 km south-east of PetroSA's Mossel Bay gas-to-liquids (GTL) plant.The discovery opens ‘a new wor...

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  • Varying the rate at which carbon dioxide (CO2) is injected into geological storage sites can enhance not just their efficiency but also their ability to store the greenhouse gas securely, according to a new study, reports Scottish Carbon Capture & Storage (SCCS). These findings will be inva...

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