As the battle to control market share in the downstream sector rages on, no fewer than 70 tank farm owners have been compelled to cease operations in the past two years, leaving their facilities ...

(Bloomberg) -- Japanese shipping company Mitsui OSK Lines Ltd. agreed to acquire petrochemical storage operator LBC Tank Terminals, partly owned by French private equity firm Ardian SAS ...

Tokyo Electric Power Co. plans to add 23 storage tanks with a total capacity of about 30,000 tons for the processed radioactive water accumulating at its crippled Fukushima No.1 nuclear power plant.

Under the deal, billionaire Prajogo Pangestu’s Chandra Asri Pacific and partner Glencore will take over Shell’s oil refining ...