US After consistent profit growth reports, some of the major players in the US midstream sector posted weak results for the third quarter. The local crude oil market is not as dependable as some might think
EXPANSION The annual HCB roundup of global terminal expansion and construction projects sees refinery closures continuing to cause a structural shift in terminal demand, while nervousness over the future rate of economic recovery is keeping a lid on optimism
RAIL Shale play energy production in North America continues to drive new business for rail tank operators and manufacturers as infrastructure develops, while opportunities for rail movements of liquids in bulk are opening up in other territories too
Plains All American Pipeline LP (PAA) has completed the previously announced acquisition of the Yorktown terminal and Jal Pipeline from Western Refining. The total value of the deal is put at some $220m.
Plains All American Pipeline is to go ahead with the Phase IV expansion of its St James, Louisiana terminal, including construction of an additional 1.2m bbl (190,000 m3) of oil storage capacity by the third quarter 2012.