Maxi Storage BV

Maxi Storage BV Maxi Storage BV, wij zijn gespecialiseerd in de opslag van stookolie en gasolie. Gevestigd in Rotterdam, Houston en andere landen

Inpex, the Japanese energy firm that operates the Ichthys LNG plant offshore Western Australia, is raising condensate su...
13/04/2026

Inpex, the Japanese energy firm that operates the Ichthys LNG plant offshore Western Australia, is raising condensate supply from the project to the local Australian market, which grapples with a fuel crisis in the wake of the Middle East war.

Inpex on Monday said that it "is taking decisive action to support Australia's fuel security by making additional Ichthys condensate cargoes available to domestic refiners, helping ensure reliable fuel supply amid ongoing global uncertainty."

A condensate cargo of about 630,000 barrels will depart from Ichthys in the Browse Basin offshore Western Australia in late April 2026, with delivery to one of Australia's east coast refineries scheduled for May. Condensate is a critical feedstock for local refineries, underpinning the production of essential transport fuels such as petrol, diesel, and jet fuel.

Inpex also plans to offer another condensate cargo of a similar size in the coming months. The second cargo will be preferentially offered to Australian refineries, with timing and delivery subject to the refinery's operational requirements and agreement on commercial terms, the operator of the Ichthys LNG project said.

"Making additional Ichthys condensate available to Australian refineries demonstrates our strong partnership with industry and government and our responsibility as a long-term supplier supporting Australia's energy security," said Tetsu Murayama, INPEX Managing Director, Country Chair Australia.

Australia relies on imports of petroleum products despite being a major gas and oil producer.

The war in the Middle East roiled global oil and fuel markets, forcing Australia's government to intervene to preserve domestic supply and protect consumers by halving the fuel excise on gasoline and diesel for three months in a bid to alleviate financial stress from spiking fuel prices.

Santos is sharpening its Alaska growth story after reporting a successful appraisal result at Quokka-1, a well the compa...
10/04/2026

Santos is sharpening its Alaska growth story after reporting a successful appraisal result at Quokka-1, a well the company says could support another major North Slope oil development alongside the soon-to-start Pikka project.

The Australian producer said Quokka-1 encountered around 143 feet of net oil pay in the Nanushuk formation, with an average porosity of 19%. After a single-stage fracture stimulation, the well flowed at 2,190 barrels per day, reinforcing management’s view that Quokka could become a material addition to its Alaska portfolio.

Santos holds a 51% operating stake in the Quokka Unit, with Repsol owning the remaining 49%.

The result matters because Quokka sits close to existing Santos infrastructure and acreage on Alaska’s North Slope, roughly six miles from the Mitquq-1 discovery well drilled in 2020. Santos said reservoir sands correlate between the two wells, while fluid analysis confirmed light-gravity crude. That points to stronger well performance and potentially better pricing than Pikka oil, an important detail as producers focus not just on volumes but on realized margins.

Management said the new data support the potential for a two-drill-site development with output capacity comparable to Pikka phase 1. Santos has already begun development planning and key permitting work. At the end of fiscal 2025, the company had reported 2C contingent resources of 177 million barrels of oil equivalent for Quokka, with a revised estimate due as part of its FY26 contingent resource assessment.

The appraisal success comes at a pivotal moment for Santos in Alaska. Pikka phase 1, one of the most closely watched oil developments in the region, is now mechanically complete and moving through commissioning. Santos said fuel gas has been introduced to the plant, and first oil is expected in the coming weeks.

By the end of the first quarter of 2026, 24 development wells had been drilled at Pikka, while 20 had been fractured and flowed back in line with expectations. The company said plateau production capacity of 80,000 barrels per day is expected in mid-2026. First sales revenue is projected roughly two months after initial oil, once the pipeline fill, inventory build, and the first cargo shipment are completed.

That timeline is significant for investors because Pikka is central to Santos’ medium-term liquids growth strategy. If Quokka moves ahead as a second Nanushuk development, it could extend the company’s Alaskan runway and deepen its exposure to one of the most promising new oil provinces in North America.

Outside Alaska, Santos also used the update to outline progress at the Barossa Gas Project. The company said three cargoes were sold during the first quarter, though production was limited by commissioning work. Dry gas seals on the FPSO compressors have now been replaced, while blocked heat exchangers are being flushed and cleaned. Santos expects the start-up around April 18.

Taken together, the update gives Santos three near-term catalysts: a potentially commercial new Alaska oil development at Quokka, first oil from Pikka, and a return to full-rate gas production at Barossa. For a company under pressure to convert years of project spending into cash flow, the next several weeks could be decisive.

Europe Braces for Prolonged Energy Crisis as Supplies Tighten Europeans must prepare for an extended period of tight oil...
06/04/2026

Europe Braces for Prolonged Energy Crisis as Supplies Tighten Europeans must prepare for an extended period of tight oil and gas supplies, the EU’s energy commissioner Dan Jørgensen told the Financial Times.

This will be a long crisis . . . energy prices will be higher for a very long time,” Jørgensen told the FT, adding that with some “critical” products the situation was about to become “even worse in the weeks to come”.

The commissioner said that the crisis hadn’t struck yet but also admitted that “The rhetoric that we’re using and the words we’re using are more serious now than they were earlier in the crisis,” adding that “It certainly is our analysis that this will be a prolonged situation and countries need to be sure that they . . . have what they need.

Yesterday, Jørgensen told an informal meeting of EU energy ministers that oil and gas prices will not return to pre-war levels soon even if the conflict in the Middle East were to end today. In financial terms, 30 days of conflict have already added $16.2 billion (14 billion euros) to the EU’s oil and gas import bill, the commissioner added.

In terms of supply, the situation appears to be most concerning in jet fuel and diesel. Europe is heavily dependent on jet fuel and diesel from the Middle East, so as supply got severely disrupted, prices soared, especially in jet fuel. Diesel prices, meanwhile, hit $200 per barrel this week, after three tankers carrying diesel from the United States to Europe switched routes and are now headed for Africa, Bloomberg reported Thursday. Another tanker that loaded diesel from the UK is en route to Australia, which is also suffering a massive fuel crunch.

Global Energy Markets Face Disruption as Strait of Hormuz Traffic CollapsesGlobal oil markets are facing growing uncerta...
09/03/2026

Global Energy Markets Face Disruption as Strait of Hormuz Traffic Collapses

Global oil markets are facing growing uncertainty as tensions around the Strait of Hormuz threaten one of the world’s most critical energy transit routes.

According to comments from Saad al-Kaabi, oil prices could surge to $150 per barrel within weeks if tanker traffic through the Strait remains severely restricted.

Recent reports indicate that Kuwait, one of the founding members of Organization of the Petroleum Exporting Countries, has already begun shutting in production at several oilfields due to storage limitations and export disruptions. Discussions are also underway to further reduce both production and refining operations to prioritize domestic supply.

Meanwhile, QatarEnergy has declared force majeure on LNG deliveries following disruptions at its Ras Laffan Industrial City, the world’s largest LNG export complex, after a drone attack and the near halt of tanker traffic through the Strait.

Shipping activity through the Strait has dropped dramatically—from an average of 138 vessels per day to just two vessels within a 24-hour period, according to the Joint Maritime Information Center. Notably, neither of those vessels were oil tankers.

Several dozen tankers remain stranded near the area, with some reportedly targeted in attacks, while insurers have withdrawn war-risk coverage. This has effectively paralyzed a significant portion of global energy trade originating from the Middle East.

Industry analysts warn that if the disruption continues, major exporters across the Gulf region may be forced to declare force majeure on oil and gas exports. Even if stability returns quickly, it could take weeks or months for global energy logistics and supply chains to fully normalize.

For storage and logistics operators, the situation underscores the critical role of strategic storage capacity and resilient supply chains in maintaining energy market stability during geopolitical disruptions kindly reach out for your reservation.

Oil prices dropped Thursday after the International Energy Agency cut its demand growth outlook, a revision that landed ...
13/02/2026

Oil prices dropped Thursday after the International Energy Agency cut its demand growth outlook, a revision that landed in a market already uneasy about how quickly supply is said to be rising.

Brent crude traded near $67 a barrel in the afternoon, down roughly 3% on the session. U.S. WTI slipped into the $62s. Selling accelerated after the IEA trimmed its 2026 global demand growth forecast to 850,000 barrels per day. A month ago, it was expecting 930,000.

The number itself is not as dramatic as the context. The agency still sees global supply expanding by about 2.4 million bpd this year. Put the two figures side by side and the balance starts to look heavy, especially once winter disruptions unwind.

January tightened the market for a moment. Storms shut in more than 1 million bpd in North America. Kazakhstan, Russia, and Venezuela were dealing with outages of their own. Global supply fell by roughly 1.2 million bpd. Those barrels are now starting to return.

OPEC is projecting much stronger demand growth, above 1.4 million bpd, and that split in outlook has become a fault line for traders. Thursday’s price move suggests the market is taking full advantage of the IEA’s slower-growth view, at least for now.

The downgrade lands as hedge funds and other money managers have already been trimming bullish crude positions. A softer demand outlook gives traders another reason to question how tight the market will look by midyear.

The focus is shifting away from short-term outages and back to the second half of the year. If production rebounds as expected while demand growth softens, inventories build. That risk is what weighed on crude during the session.

Washington is starting to ask the quiet part out loud: who, exactly, is making money off Venezuela’s oil?This week, U.S....
29/01/2026

Washington is starting to ask the quiet part out loud: who, exactly, is making money off Venezuela’s oil?

This week, U.S. Representative Robert Garcia, the top Democrat on a House investigative committee, sent letters to Vitol and Trafigura demanding records of any communications they’ve had with the Trump administration since January of last year. The timing is not subtle. U.S. forces captured Venezuela’s longtime strongman Nicolás Maduro earlier this month, and Washington has since taken control of Venezuelan oil sales on what it has described as an indefinite basis.

Vitol and Trafigura just so happen to be the first trading houses granted U.S. licenses to load and export Venezuelan crude under the new arrangement. Garcia wants to know whether that outcome was coincidence, choreography, or something in between.

Neither Vitol nor Trafigura has responded publicly, but the scrutiny lands at an awkward moment for everyone involved.

Venezuela is in the middle of what looks like a genuine policy pivot. The interim government is moving to overhaul its hydrocarbons law, loosening operational control, allowing more flexible deal structures, and opening the door wider to foreign capital. On paper, it’s the most pragmatic shift Caracas has attempted in decades. Less ideology, more barrels.

But reforms mean little if the commercial upside is perceived to be pre-allocated. That’s where Washington’s optics problem comes in. When the U.S. captures a foreign leader, takes over oil sales, and then hands the export licenses to two of the world’s largest commodity traders, lawmakers are inevitably going to ask who came up with the guest list.

For U.S. refiners starved for heavy crude, Venezuelan barrels are suddenly back in play. For traders, it’s a rare chance to operate at scale in a market that’s been out of reach for years. And for Democrats heading into a tight midterm cycle, it’s fertile ground for oversight theater.

The United States has sold the first cargo of Venezuelan cargo it received from the country after the ousting of Preside...
15/01/2026

The United States has sold the first cargo of Venezuelan cargo it received from the country after the ousting of President Nicolas Maduro. The sale fetched $500 million, an unnamed Washington official told media.

CNN quoted the source as saying there would be more sales in the coming days. Earlier this month, President Donald Trump said Venezuela would “turn over” between 30 and 50 million barrels of its crude to the U.S.

Reuters quoted the Washington official as saying the proceeds of the sale were out into bank accounts under the control of the U.S. federal government. Another source said at least one of these accounts was in Qatar, which is considered a neutral location “where funds can move with U.S. approval and without risk of seizure,” according to Reuters.

Crude oil exports could eventually approach the roughly 500,000 barrels per day Venezuela shipped to the U.S. before the latter showered it with sanctions, but unnamed sources who spoke to Reuters warned that the first shipments would come from oil in storage, accumulated to date. That could take three to four months and will also involve clearing up and resolving bottlenecks at the Jose terminal, where storage capacity is limited.

Earlier this week, Enverus predicted that Venezuela’s oil production could expand to 1.5 million barrels daily by 2035, which would represent a 50% increase on current production rates. Yet Venezuela’s oil output could swell twice as much under Enverus’s best-case scenario, to hit 3 million barrels daily in 2035. That, however, would depend on global demand and supply balances.

Ice-Breaking Tanker Keeps Sanctioned Russian LNG Flowing to China Russia is keeping its sanctioned LNG trade with China ...
06/01/2026

Ice-Breaking Tanker Keeps Sanctioned Russian LNG Flowing to China

Russia is keeping its sanctioned LNG trade with China alive during the winter thanks to an ice-class vessel capable of ploughing through the thick Arctic ice.

The sanctioned Christophe De Margerie ice-class LNG tanker is set to export its third cargo since December 20 from the Arctic LNG 2 project in Russia, which is under sanctions by the United States, the EU, and the UK, vessel-tracking data compiled by Bloomberg showed on Monday.

The Christophe De Margerie is the only ice-breaker tanker of the Russian shadow fleet that ship-tracking services have identified so far as operating on the route between Russia’s Arctic LNG 2 project led by Novatek and the Chinese LNG import terminal of Beihai. The Chinese port has specialized in recent months in accepting all the sanctioned Russian LNG cargoes, both from the Arctic LNG 2 plant and from the Portovaya LNG small-scale export plant on the Baltic Sea, Gazprom’s only LNG export facility.

Arctic LNG flows to China have dwindled in recent weeks due to severe winter weather and the need for ice-breakers. With only one ice-class tanker capable of traveling through the Arctic ice all year round, Russia has boosted shipments from the Portovaya LNG on the Baltic Sea. Portovaya and its Russia-based operator, Gazprom SPG Portovaya Limited Liability Company, were sanctioned by the United States in January 2025 in one of the last actions of the Biden Administration in a barrage of sanctions to “degrade Russia’s energy sector.




Oil Prices Perk Up As Report Shows US Crude Inventories Fall FurtherUS production stayed relatively flat during the week...
11/12/2025

Oil Prices Perk Up As Report Shows US Crude Inventories Fall Further

US production stayed relatively flat during the week of November 28, rebounding just slightly from 13.814 million bpd in the week prior, to 13.815 million bpd in the current, according to the latest EIA data. This is 252,000 bpd more than the beginning of the year levels.

At 3:11 pm ET, Brent crude was trading down by $0.43 (-0.69%) on the day, slipping to $62.06 per barrel—a $0.40 decline week over week. WTI was also trading down on the day, by $0.48 (-0.82%) at $58.40—a $0.20 per barrel loss week over week.

Gasoline inventories saw a sizeable increase of 7 million barrels in the week ending December 5. In the week prior, gasoline inventories grew by 3.14 million barrels. As of last week, gasoline inventories were 2% below the five-year average for this time of year, according to the latest EIA data.

Distillate inventories also rose in the reporting period, gaining 1 million barrels, compared to the week prior’s 2.88-million-barrel build. Distillate inventories were 7% below the five-year average as of the week ending November 28, the latest EIA data shows.

Cushing inventory the inventory kept at the delivery hub for the WTI Crude futures contract dipped by 890,000 barrels, after falling by 89,000 barrels in the prior week.

The maritime sector is under immense pressure to reduce greenhouse gas emissions and other harmful substances. Radical c...
18/08/2025

The maritime sector is under immense pressure to reduce greenhouse gas emissions and other harmful substances. Radical changes are needed to comply with increasingly stringent international regulations and a growing demand for carbon-neutral transport.

Wind-Assisted Propulsion Systems (WAPS) offer shipping companies a readily deployable technology to reduce fuel consumption and emissions. These systems utilize wind energy as supplementary propulsion.

More than just fuel savings:
The choice of WAPS technology depends on factors such as the vessel type, shipping routes, and operational constraints," Kramer explains. Sea-Cargo opted for a Flettner system. The system consists of two rotor sails, each 35 meters high and five meters in diameter.

For shipping companies and ship owners, a WAPS system offers immediate financial benefits. Depending on the type and size of the system, as well as the shipping route and wind conditions, a WAPS delivers annual fuel savings of 5 to 20%, with peaks exceeding 25% under optimal conditions. "An additional advantage is that the rotor sails provide the ship with additional stability, which also reduces the risk of cargo shifting," adds Kramer.

No drawbacks or restrictions:
The general manager doesn't see any drawbacks, not even during port calls. "Due to the height of our current rotor sails, restrictions apply in some ports, for example, at terminals and bridges. However, because we've designed the cylinders so they can be folded, those restrictions are eliminated. And in Rotterdam, there are absolutely no restrictions," says Kramer.

Rotorsails and wing sails are considered fixed ship equipment and are not subject to additional regulations for navigating the port.”,Niet explains. "Because sails are lowered, rotor sails are retracted, and the systems usually stay within the ship's contours, having a WAPS rarely impacts the port call." The Port of Rotterdam therefore has no specific wind or WAPS protocol. And there doesn't seem to be any in the future. Simply because there's no reason for it.

The deal is part of a recent streak of U.S. oil purchases following President Trump’s threat to impose additional tariff...
15/08/2025

The deal is part of a recent streak of U.S. oil purchases following President Trump’s threat to impose additional tariffs on Indian exporters to the United States if the country continues buying Russian crude.

The October deal was priced at a premium of between $2.80 and $2.90 to dated Brent, Reuters’ sources said.

It is price that pushed India to step up Russian oil purchases in the first place, turning Russia from a minor exporter to the subcontinent, into one of its top crude oil suppliers, accounting for about a third of total imports.

Maxi Storage officially taken up a majority ownership in the Deepwater drillship Tungsten Explorer, which has been opera...
12/08/2025

Maxi Storage officially taken up a majority ownership in the Deepwater drillship Tungsten Explorer, which has been operating in West Africa for the French supermajor.

The drillship was acquired from Vantage Drilling by Teva Ship Charter, a joint venture owned 65% by Maxi Storage and 25% by Vantage.

Vantage said in an announcement it had completed the sale of the drillship to Teva. Previous guidance from Vantage was that Maxi Storage would pay $178.75 million in cash for its 65% interest in the joint venture company.
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