Page 17 - NorthAmOil Week 28

NorthAmOil
NEWS IN BRIEF
NorthAmOil
Channel terminal, as well as the simultaneous loading of ethane and ethylene on a vessel at its Morgan’s Point facility. Both vessels were the rst export cargoes of their kind from the US. Co-loading ole ns on larger vessels with NGLs allows for more e cient use of available export dock capacity, while also providing signi cant freight bene ts to petrochemical export customers.
“ is landmark accomplishment was
made possible by our integrated midstream network, as well as the creativity and determination of our employees,” said A.J. “Jim” Teague, co-chief executive o cer
of Enterprise’s general partner. “Loading ethylene and propylene on larger vessels from the US Gulf Coast substantially lowers freight costs and allows US Gulf Coast producers to supply distant markets, such as Asia, more competitively. Enterprise continues to apply its proven midstream model to petrochemicals. Our reliable midstream services, including pipeline transportation, storage, processing, and exports, provide exibility and reliability to our petrochemical customers so they can focus on their unique competitive advantages.” ENTERPRISE PRODUCTS PARTNERS, July 14, 2020
Midstream industry
veterans form Tivoli
Midstream, a new terminal
and storage platform
Midstream industry veterans Rance Fromme, Rick Adams and William Brod today announced the formation of Tivoli Midstream, which brings together 70 years of combined terminal, midstream, logistics, chemical and energy experience. Tivoli is backed by an equity commitment from its partner, Energy Spectrum Capital, to support growth and provide working capital.
Tivoli will seek to acquire, construct, manage and optimise strategic terminals and storage logistics in superior hub locations. Management has signi cant operations experience in overseeing marine terminals, production plant logistics and handling more than 200 di erent chemical products, re ned products, crude oil, renewable products
and dry-bulk commodities. Headquartered in Houston, Texas, Tivoli maintains close proximity to re neries and chemical plants in the Gulf Coast region.
“Despite the pandemic and volatile commodities markets, we believe there are signi cant opportunities to build and manage a portfolio of storage and terminal assets,” said Fromme. “Tivoli was formed to ll this need in the market and brings an exceptional record of safety and commitment to the industry and its customer partners.”
“ is is a tremendous opportunity for Energy Spectrum to partner with an industry leading management team,” commented Mike Mayon, Partner at Energy Spectrum. “ e Tivoli team is a proven operator of storage and terminal assets with a superior safety record. We look forward to building a world-class logistics services company with Rance and his team.”
TIVOLI MIDSTREAM, July 15, 2020
DOWNSTREAM
Mansfield Energy acquires
fuel distribution assets of
Lube-Tech
Mans eld Energy Corp announced today the acquisition of the fuel transportation assets of Lubrication Technologies (Lube-Tech), including its tankwagon and transport eet operations and bulk storage facilities.
“We are excited to enhance the service we
provide to fuel customers by bringing together fuel supply and delivery solutions,” said Blake Young, president of Mans eld Oil Company. Mr. Young continued, “We look forward to continuing our partnership with Lube-Tech
to create an impactful combination of data integration and supply chain management for fuels, lubricants, DEF, equipment, and related services throughout the Midwest. is acquisition furthers Mans eld’s broader strategy of expanding our fuel asset footprint across North America.”
Since 2014, Mans eld and Lube-Tech have partnered in Minnesota, Wisconsin, and Iowa markets to provide fuel, lubricants and more to their shared customers while re ning business processes to present innovative
fuel solutions to customers. e purchase of Lube-Tech’s fuel assets enables fuel customers to receive enhanced delivery logistics and reporting through Mans eld’s online fuel portal, FuelNet, while still bene tting
from Lube-Tech’s industry-leading uids, lubricants, and vehicle washing solutions.
“ is agreement allows us to better serve our combined customers in the Midwest while enabling Mans eld to bring the full force of its industry-leading supply footprint. We expect a seamless transition for fuel customers,
and we will continue working closely with Lube-Tech to provide our shared customers with service beyond their expectations while collaborating to grow our businesses together,” said Michael Mans eld, Sr., CEO of Mans eld Energy Corp.
“We are grateful that our customers have trusted us with their fuel deliveries over the past several years,” said Chris Bame, CEO
of Lube-Tech. “ e dedication and service
our Lube-Tech teammates have provided to our customers has been invaluable and we thank them for living our purpose to make tomorrow a little bit better than today. We believe that one Mans eld team from order to delivery will result in the best, go-forward fuel solution for our customers.”
MANSFIELD ENERGY, July 09, 2020
SERVICES
NRL, BSEE advance
technology readiness
of low-emission burner
system
US Naval Research Laboratory (NRL) engineers and the Bureau of Safety and Environmental Enforcement (BSEE) advanced
Week 28 16•July•2020
w w w . N E W S B A S E . c o m
P17