Total enters offshore wind sector in France
Total becomes a 20 per cent shareholder in the Eolmed floating wind farm pilot project, located in the Mediterranean, off the coast of Gruissan in France. Attributed in July 2016, this 30 megawatts (MW) project will accelerate the development of a floating wind technology. Together with Qair, the historical developer and majority shareholder of the […]
Exxon Contract Worth at Least $500MM to TechnipFMC
TechnipFMC (NYSE: FTI) reported Thursday that it has won a large subsea contract from a unit of Exxon Mobil Corp. (NYSE: XOM) ranging in value from $500 million to $1 billion. Under the terms of the award from Esso Exploration and Production Guyana Limited (EEPGE), TechnipFMC will manufacture and deliver the subsea production system for […]
Oil slumps with rising U.S. supplies adding to demand worries
Oil declined after a U.S. government report showed an expansion in crude stockpiles during a time when fiscal relief from Washington remains up in the air. Futures in New York dropped 1.8% on Wednesday. U.S. crude stockpiles increased 501,000 barrels last week, while supplies at the nation’s biggest storage hub at Cushing, Oklahoma, climbed to […]
Opec expects global oil demand to rebound by 2025
Opec expects global oil demand to rebound higher than before the pandemic, reaching 103.7 million barrels per day by 2025, as countries accelerate efforts to revive economies, the group said in its annual oil outlook. Incremental increase in oil demand growth will remain “relatively high” between 2022 and 2023 at 2.1m bpd and 1.5m bpd, […]
Prax Group acquires Total Oil Terminal in Zeebrugge
Harvest Energy Marine, a member of the Prax Group of companies, has announced that it has acquired the Total Zeebrugge Depot in Belgium. The facility will be re-branded as Prax Terminals Belgium, with Harvest Energy Marine managing all bunkering and commercial operations performed at the terminal. With a 20 000 m3 capacity, the Prax Group will […]
Oiltanking commissions Europe’s largest butane tank
Oiltanking Antwerp Gas Terminal (OTAGT) has commissioned the largest butane storage tank in Europe, with a capacity of 135,000 m3. The fully refrigerated, double containment tank has a diameter of 87 m and a height of 59 m, and doubles OTATG’s storage capacity. It will store butane for INEOS. Oiltanking bought the OTAGT in 2016 […]
Shell Harbor Island terminal spills 6,800 gallons of gasoline
A pump failure at Shell’s Harbor Island Petroleum Terminal in Seattle, US, has resulted in a spill of around 6,800 gallons (26,000 L) of gasoline. The spill occurred at around 4.45am local time on 1 October 2020. According to the US Coast Guard, the tank feeding the pump that failed had contained 160,749 gallons of […]
Rolls-Royce to deliver gas power plant for Dhamra LNG regasification terminal
Rolls-Royce has signed a contract with Dhamra LNG Terminal Pvt. Ltd. (DLTPL) for the complete Engineering, Procurement and Construction (EPC) delivery of a 29 MW gas-based power plant for an Indian LNG terminal. DLTPL is a joint venture between Indian multinational conglomerate Adani Group and French energy major Total S.A, located on the eastern coast […]
Croatia’s Janaf signs several oil transport, storage deals
ZAGREB (Croatia), September 24 (SeeNews) – Croatia’s state-controlled oil pipeline operator Jadranski Naftovod (Janaf) [ZSE:JNAF-R-A] signed several contracts for oil transportation and storage that will ensure a high rate of utilisation of its operational capacities in the coming period, it said on Thursday. The company is continuing to conduct business as usual, and is regularly […]
Decaying Yemen Oil Tanker at Risk of Spilling Into Red Sea
A rusting oil-storage vessel moored off Yemen’s Red Sea coast could rupture or explode, Western officials said Friday, warning of an environmental and humanitarian catastrophe if it breaks apart. The FSO Safer—which holds more than 1.1 million barrels of oil, four times the 1989 spill from the Exxon Valdez in Alaska—is located near the port […]
Oil slumps with rising U.S. supplies adding to demand worries
Oil declined after a U.S. government report showed an expansion in crude stockpiles during a time when fiscal relief from Washington remains up in the air. Futures in New York dropped 1.8% on Wednesday. U.S. crude stockpiles increased 501,000 barrels last week, while supplies at the nation’s biggest storage hub at Cushing, Oklahoma, climbed to […]
Third Coast Midstream sells Cushing crude oil storage business
Third Coast Midstream, LLC has announced that a subsidiary has completed the sale of its Cushing, Oklahoma, US, crude oil storage business (AMID Crude Oil Storage) to HCS Holdings, LLC, an affiliate of Hartree Partners, LP.AMID Crude Oil Storage consists of five crude oil storage tanks with approximately 3 million bbl of storage capacity. “Third […]
Hurricane Laura damaged oil storage site, but no shortages expected
NEW ORLEANS — Hurricane Laura caused significant damage at a site holding about 30% of the nation’s store of emergency crude oil, but three other sites still have plenty of petroleum, U.S. Energy Secretary Dan Brouillette said Wednesday. The damaged Strategic Petroleum Reserve site in West Hackberry, Louisiana, holds nearly 8.2 billion gallons of crude […]
Floating Storage Begins To Fill Up As Oil Demand Wavers
Huge floating oil storage builds earlier this year became a major cause for oil price falls as the pandemic wiped out demand. Then, as OPEC+ started cutting production and countries began emerging from lockdowns, floating storage inventories began to decline, boosting prices. Now, they’re creeping up again–but this time, it’s fuel inventories. Commodity major Trafigura […]
TechnipFMC wins ‘significant’ contract to cut emissions at Shell Moerdijk plant
The value of the deal has not been disclosed but the energy services giant said it ranged between $75m – $250million. TechnipFMC was awarded the engineering, procurement and module fabrication (EPF) work for equipment and related services for eight new ethylene furnaces at the Shell Moerdijk site. The firm will replace replace older units to […]
Shell plans up to 9,000 job cuts worldwide
The energy giant, which has been grappling with the effects of the oil price downturn and Covid-19, follows rival BP who earlier this year announced plans for 10,000 job cuts. Shell, which employs 6,000 people in the UK, including 1,000 directly in its Upstream oil and gas business in the country, said the “reduced organisational […]
Trafigura and IFM launch renewables joint venture
Commodities trading group Trafigura and investment management firm IFM Investors have formed a new joint venture, Nala Renewables, to invest in solar, wind and power storage projects. The two companies already have the Impala Terminals joint venture for liquid, bulk and container cargo, which was created in 2018 and now operates 28 facilities in 20 […]
Vopak and BlackRock buy three Dow terminals for US$620 million
Vopak Industrial Infrastructure Americas, a 50:50 joint venture of Dutch independent tank storage company Royal Vopak and US investment firm BlackRock’s Global Energy & Power Infrastructure Fund, is to buy three major US Gulf Coast terminals from Dow Chemical for US$620 million (€523 million). The transaction includes Dow’s chemical storage terminal in Freeport, Texas, which […]
When supply outstrips demand
Kpler’s Alex Booth looks at how the global crude crisis in 2020 came about, how it affected storage and the direction of the trends now. THE BUILD-UP TO THE GLOBAL CRUDE OVERHANG – A PRICE WAR COMPOUNDED BY COVID-19 The build-up to the global crude crisis started long before COVID-19 decimated demand. OPEC+ had been […]
Search for StocExpo Forty Under 40 is Underway
StocExpo, the world’s leading bulk liquid storage event, and Tank Storage magazine, are searching for the industry’s most dynamic professionals under the age of 40. The new initiative will celebrate the next generation of individuals operating at the top of their game in the tank storage, bulk liquid and linked supply chain professions. Professionals working […]
Welcome to the team, Stacey!
What was your first week like? My first week was really exciting and very tiring at the same time! I loved starting a new job and getting my head around how everything works but at the same time it was a lot of information to take in in a short amount of time. Now, two […]
Innovation encore
There was a lot to see in the iTanks Innovation Zone at this year’s StocExpoRotterdam in March. Together with a group of partners from the iTanks network, the zone was packed with novelties for the tank storage industry. For those who could not come to the innovation zone, here is a recap of what you […]
Quarantine Diaries with Baron Bray-Sackey
Baron shares his life under lockdown in the UK. Baron is part of the Sales team working across the Tank Storage Portfolio & shares his top tips whilst in lockdown. What are your top tips for staying home? You must consider the bigger picture, stay with loved ones, and remember this is temporary! How are […]
Clever design of R-taso’s industrial walkway solutions significantly reduces their carbon footprint
A specialist in design and manufacture of industrial walkway solutions, R-taso has calculated the carbon footprint of the company’s production. The majority of the Raahe-based, family-owned company’s production footprint results from the use of steel as the main raw material. Thanks to clever design, the amount of steel R-taso’s products require is more than 30 […]
Quarantine Diaries with Jo Mayer
Jo Mayer shares her life under lockdown in the UK. Jo is the Head of Marketing across the Tank Storage Portfolio & shares her top tips whilst in lockdown. What are your top tips for staying home? Enjoy the unexpected freedom of having time to be around family. My twin 18 year olds who rarely […]
Quarantine Diaries with Helen Tunnicliffe
Helen Tunnicliffe shares her life under lockdown in the UK. Helen started last month as the Deputy Editor on Tank Storage Magazine. What are your top tips for staying home? I live by myself and a long way from family and close friends, so the last couple of months have been pretty lonely. For me, […]
Quarantine Diaries with Sophie McKimm
Sophie McKimm shares her life under lockdown in the UK. Sophie is the new Event Manager for the Tank Storage Portfolio. What are your top tips for staying home? Routine. I get my energy from people and always surround myself with friends, family, colleagues, industry friends, so lockdown have proved quite a challenge for me. […]
Quarantine Diaries with Mark Rimmer
Mark Rimmer shares his life under lockdown in London. Mark is the Divisional Director across the Tank Storage Portfolio. What are your top tips for staying home? Keeping some sort of routine has been key, make each other laugh/ be silly as much as possible & be thankful for what you have! How are you […]
Quarantine Diaries with Matthew Barlow
Matthew Barlow shares his life under lockdown in London. Matthew has been working for StocExpo for over 8 years. What are your top tips for staying home? Keep yourself nice and busy, there is always something to do to defeat the umbrella of boredom! I try and keep in contact with as many friends as […]
Quarantine Diaries with Margaret Dunn
Margaret Dunn shares her life under lockdown in Surrey, UK. Margaret has been working for Tank Storage Magazine and StocExpo for over 10 years. What are your top tips for staying home? Don’t be too hard on yourself. Working with children at home can be overwhelming and it’s hard not to feel guilty when they […]
Quarantine Diaries with David Kelly
David Kelly shares his life under lockdown in Madrid, Spain. You know David from Tank Storage Magazine and StocExpo. He has been with Tank Storage Magazine for the past 10 years. What are your top tips for staying home? Well this is a tricky question, if you are allowed and the weather permits try and […]
Quarantine Diaries with Catherine Chin
Catherine Chin shares her life under lock down here in the UK. Catherine is our marketing executive and works across StocExpo & Tank Storage portfolio. What are your top tips for staying home? Keep in contact with your friends and family, everyone is a quiz expert by now! Try something different, I have been doing […]
StocExpo thanks industry post-2020 show
The team at StocExpo want to thank the bulk liquid storage industry after the show went ahead on 10-12 March. Read the full statement… “We would like to offer our heartfelt thanks to the industry for supporting StocExpo 2020 in very difficult circumstances. “In the immediate run up to the show, the coronavirus was still […]
Winners revealed at the fourth Global Tank Storage Awards
CLH, Sprague Operating Resources and Toptech Systems were among the winners revealed at this year’s Global Tank Storage Awards. The awards ceremony and gala dinner at the Floating Pavilion, Rotterdam, celebrated terminal achievements, equipment innovations as well as individual success. The winners of the 2020 awards are: Terminal Efficiency : CLH Sustainable Impact: Sprague Operating […]
TEASER: StocExpo to reveal 2020 Industry Trends
StocExpo, the world’s largest and longest running international bulk liquid storage event, is set to release its first Industry Trends Report when the event returns to the Rotterdam Ahoy from 10 – 12 March 2020. According to the report, which surveyed the opinions of 171 key decision makers at businesses across the bulk liquid storage […]
“Top-brass” delegates confirmed to be at StocExpo
StocExpo, the largest and longest running international bulk liquid storage event, has revealed the calibre of delegates already signed up for the show when it returns to the Rotterdam Ahoy on 10-12 March. Over 3,000 CEOs, MDs, senior engineers and other top decision-makers from the world’s key terminals, storage players, energy companies, investors, consultants and […]
Record number of nominations received for the 2020 Global Tank Storage Awards
SHORTLIST REVEALED: CLH, Vopak, Alkion and Sprague are among those shortlisted for the 2020 Global Tank Storage Awards. Now in its fourth year, the Global Tank Storage Awards celebrate excellence, safety and innovation in the storage terminal industry. A record number of nominations have been received this year from terminals, suppliers and ports all over […]
Last chance to enter the Global Tank Storage Awards
Entries close on 7th February 2020 – submit your free nomination now The deadline for the Global Tank Storage Awards is just one week away, with entries closing on 7th February 2020. The awards, which are free to enter, celebrate excellence, safety and innovation in the industry, with the award categories relating to terminal achievements, […]
Future-defining exhibitors already confirmed for StocExpo 2020
Over 150 leading companies from across the world’s bulk liquid storage supply chain have already signed up to exhibit at StocExpo 2020. The global event, hosted at the Ahoy in Rotterdam in 10-12 March, provides an unrivalled platform for exhibitors to showcase their latest innovations and developments in front of their fellow industry leading professionals […]
CEA Systems have their say
After several years of successful exhibiting, CEA Systems will once again exhibit at StocExpo on March 10 – 12. StocExpo prides itself on bringing together the tank storage community and being a part of the future of the bulk liquid storage industry. Since CEA Systems provides software and services to virtualize, visualize and secure technical […]
Conference Programme for StocExpo 2020 unveiled
The conference programme for StocExpo, the world’s largest and longest running international bulk liquid storage event, which returns to the Rotterdam Ahoy from 10 – 12 March 2020, has been unveiled. The two-day conference will feature a powerful mix of talks focused on critical global issues such as sustainability, the impact of energy alternatives, emerging […]