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Oil Storage

Feb 11, 2016 at 07:46 | Source: Reuters
US West Texas Intermediate (WTI) crude futures were at USD 26.96 per barrel, down 49 cents and within a dollar of the USD 26.19 a barrel 2003 low from January.
Feb 04, 2016 at 14:24 | Source: Reuters
Strategic storage reserves are underground rock caverns used to store crude oil that can be used in case of a supply cut-off to a country.
Feb 01, 2016 at 21:38 | Source: PTI
India is building three underground storages at Mangalore and Vizag for use in contingencies like supply disruptions and abnormal spike in oil prices.
Dec 11, 2015 at 09:57 | Source: Reuters
The rout is a result of a huge overhang in production, which is seeing anywhere between half a million and 2 million barrels of crude oil being produced every day in excess of demand, and is fast filling onshore storage sites, which some analysts expect to run out in early 2016.
Sep 03, 2015 at 15:11 | Source: Reuters
A decision on the Mangalore site, which has total capacity of around 11 million barrels of oil, depends on Shell winning relief from local sales tax, the sources said, while commissioning has been pushed back by two months to December.
Mar 28, 2015 at 14:43 | Source: CNBC
The Goldman Sachs note, published late last week, adds that while it believes "the new equilibrium price for oil is USD 65 a barrel for WTI [West Texas Intermediate] and USD 70 a barrel for Brent, the risks are skewed to the downside."
Mar 14, 2015 at 15:12 | Source: CNBC-TV18
Watch the interview of Amrita Sen, Chief Oil Analyst at Energy Aspects with Nayantara Rai on CNBC-TV18, in which she shared her readings and outlook on crude.
Feb 26, 2015 at 08:27 | Source: CNBC
The supply build isn't helped by an oil market that's in contango, or when the "spot" price is lower than the price of the future contract. That makes it more profitable for traders to stick their oil in storage to sell at a higher price later.
Feb 04, 2015 at 09:37 | Source: Moneycontrol.com
U.S. inventory numbers are growing at a pace of a million barrels a day, and there's no sign of its slowing down, said Morse, global head of commodities research for Citi. That, in turn, is causing storage space to run low, and oil prices will go down to accommodate finding more expensive storage, he said
Jul 21, 2014 at 16:09 | Source: PTI
According to a recent government order, the committee which was set up to look on the issue of allocating stake in the gas project to Shell, has recommended the proposal. APGDC earlier tied up with the GDF Suez LNG UK Ltd by offering 26 per cent stake in the project.
Messages on Oil Storage »

BSE/NSE Announcer

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20413 Followers

Artson Engg  

Artson Engineering Ltd has informed BSE that the Company has received a Contract of Rs. 108.00 Crore from a leading PSU for Design, Detailed Engineering, Supply, Fabrication, Installation, Testing, Foundation Work, Fire Protection, Other Civil Works for Double Deck Floating Roof Type Crude Oil

10.55 AM Dec 13th 2016

Wire News

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693 Followers

News Now  

India has invited bids from global oil firms and traders to lease out capacity in the newly built underground strategic oil storage at Padur in Karnataka.

8.18 PM Nov 30th 2016

pipeline

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29 Followers

Punj Lloyd  

Punj Lloyd wins Rs 330 cr crude oil storage proj in Karnataka

10.26 AM Aug 12th 2012

Web Messenger

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369226 Followers

Punj Lloyd  

Source:Business Standard - Infrastructure player Punj Lloyd today said it has bagged a Rs 330 crore order from Ministry of Petroleum and Natural Gas for process facilities utilities at an upcoming crude oil storage cavern in Mangalore. This is the first cavern project for the Group and has been

10.46 AM Aug 10th 2012

abidgada

Gold Member

11 Followers

Nagarjuna Oil  

I have seen the site of NORL by Google map. NORL compund also so big and construction equity are active at site. Some offices and Oil storage tank figure seen. It may take 1-2 years to start production. Refinery complex is bigger than Essar oil.

7.29 PM Aug 9th 2012

topgainer

Silver Member

5 Followers

Nagarjuna Oil  

Oil trader Trafigura will invest up to USD 250 million in a refinery and oil storage project in Tamil Nadu, the company said in a statement on Thursday. The investment will include an equity stake in the Nagarjuna Oil Corporation Limited (NOCL) oil refinery worth USD 130 million with the remaining

4.42 PM Apr 12th 2012

manooj_1981

Platinum Member

98 Followers

Nagarjuna Oil  

SINGAPORE (Reuters) - Oil trader Trafigura will invest up to $250 million in a refinery and oil storage project in Tamil Nadu, the company said in a statement on Thursday. The investment will include an equity stake in the Nagarjuna Oil Corporation Limited (NOCL) oil refinery worth $130 million

12.10 PM Apr 12th 2012

manooj_1981

Platinum Member

98 Followers

Nagarjuna Oil  

News updates ...1 hour before SINGAPORE (Reuters) - Oil trader Trafigura will invest up to $250 million in a refinery and oil storage project in Tamil Nadu, the company said in a statement on Thursday. The investment will include an equity stake in the Nagarjuna Oil Corporation Limited (NOCL

12.09 PM Apr 12th 2012

Wire News

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693 Followers

News Now  

TRAFIGURA-INDIA-OILPROJECT:Trafigura to invest $250 mln in Indian refinery and oil storage project

10.32 AM Apr 12th 2012

sachinparis

New Member

0 Follower

CRUDEOIL  

yes but ethically we have lots of resources to depend on our crude oil storage, just be prepared to spent some money to get these resource field

10.01 AM Mar 5th 2012

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Dec 10, 2015 at 02:30 | Source: FirstPost
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