Gate Terminal has received ISCC certification
Gate terminal, a joint venture of Vopak and Gasunie, is pleased to announce it has received ISCC certification as a Bio-LNG warehouse. Gate is constantly looking to reduce the environmental impact of the LNG chain and of the LNG product itself. This certification will allow our customers to import certified Bio-LNG and distribute it towards […]
Liz Copland
As an environmental geoscientist, my focus coming out of University was on sustainability and finding a position that would allow me to see the impact of managing risk and ensuring environmental compliance. I never thought I would be applying these concepts within an industrial engineering environment, or that eventually I would work on some of […]
Africa’s Oil Nations Push Against Global Drive To Shun Oil And Gas
Africa’s largest oil producers do not plan to abandon oil and gas exploration and production and could consider creating a continent-wide bank to fund new projects when international banks refuse to finance new developments. Nigeria, an OPEC member and the largest oil producer in Africa, hosted this week a round table on local content in […]
G7 Nations Invest More In Fossil Fuels Than Clean Energy Despite Pledges
The G7 nations have been pumping more in fossil fuels than in clean energy since the start of the pandemic, despite headline-grabbing pledges for ‘building back greener’, a new report found on Wednesday. Since the pandemic started, major industrialized nations, including the U.S. earlier this year, have pledged to achieve net-zero emissions by 2050 and […]
Understanding the effects of incentives in the renewable fuels market
The fuel refining business is in a state of flux, aligning with the broader energy transition to more renewable and decarbonized sources. As renewable fuels produced from vegetable oils and other agricultural feedstocks become a bigger part of the conversation, refiners are asking how a carbon tax in the United States might affect the market. […]
Stolthaven sues ITC over 2019 Deer Park fire
US terminal Stolthaven Houston is suing Intercontinental Terminals Company (ITC) for US$264,561.10 (€218,350) in damages following the large fire at ITC’s 13.1 million bbl Deer Park terminal in March 2019. The Deer Park fire began on 17 March 2019 in chemical storage tanks containing naphtha following a naphtha leak and spread to others. ITC had […]
Oiltanking announces sale of its terminal in Mozambique
Oiltanking GmbH announces today that it has completed the sale of its investment in Matola Terminal de Armazenamento de Petróleos S.A. (formerly known as Oiltanking Matola S.A.) to a consortium of Energi Asia DMCC and Al Braik Investments LLC, both based in the United Arab Emirates.Oiltanking GmbH announces today that it has completed the sale […]
Gpi Tanks opens new office in Germany
Gpi, the Dutch manufacturer of tanks and process equipment, has recently established a German subsidiary, Gpi Tanks GmbH, in Kassel. The move is intended to consolidate the company’s presence on the German market. A team of three experts will operate out of Kassel providing consultancy services to a wide range of industries. The stainless steel […]
Oil Prices Hit 2-Year High
Oil prices hit their highest level in more than two years as OPEC+ agreed to maintain its production cut plans while demand projections continue to improve. – The average retail price for gasoline in the U.S. jumped above $3 per gallon last week, the highest price since 2014. – Memorial Day travel is expected to […]
Odfjell awarded for trainee program in Norway
The Norwegian Prime Minister Erna Solberg has announced Odfjell as recipient of the Foundation for Norwegian Maritime Competence’s annual award. In her speech, the Prime Minister highlighted Odfjell’s long-term efforts to recruit and train young maritime talents. The award is established to inspire recruitment and recognizes shipowners who offer training programs to young maritime talents. […]
Total is Transforming and Becoming TotalEnergies
At the Ordinary and Extraordinary Shareholders’ Meeting, shareholders approved today, almost unanimously, the resolution to change the company’s name from Total to TotalEnergies, thereby anchoring its strategic transformation into a broad energy company in its identity. In tandem with this name change, TotalEnergies is adopting a new visual identity. “Energy is life. We all need […]
All eyes on US gasoline today; will demand exceed 9.2m bpd?
Fill her up son, unleaded; I need a full tank of gas where I’m headed,” former Police-front man, Sting, sang back in 1999 on his solo album: “Brand New Day”. This country-inspired song could be the anthem for what is coming around next week, as Monday 31 May is Memorial Day in the US; the […]
KF builds 2 million-gallon ATS terminal
US firm Koch Fertilizer (KF) is building a 2 million gallon (9.1 million L) terminal to store ammonium thiosulphate (ATS) at its Fort Dodge facility in Iowa, US. The ATS tank will be insulated and will have an internal coating, for winter storage and tank reliability. It will be connected to the existing automated urea […]
UK offshore oil and gas sector: “Queen’s Speech must spark UK-led clean energy revolution”
OGUK, the leading body of the UK offshore oil and gas industry, has said that today’s Queen’s Speech could support a UK-led clean energy revolution, with the recently agreed North Sea Transition Deal being central to this. OGUK CEO Deirdre Michie said: “In this important COP26 year, today’s Queen’s Speech reinforces the need for industry […]
Elmac Technologies’ FAB Valve™ Series – One year on!
In March 2020, Elmac Technologies Ltd, the global leader of explosion protection and pressure protection equipment, launched a new Flame Arrester/Breather Valve combination product, known as the FAB Valve™ Series. This innovative product has since become one of the most successful products in Elmac’s expanding portfolio. A Unique Solution for Tank Storage Applications Our customers […]
Neste is testing renewable gasoline in Sweden for possible commercialization internationally
Until now, there have been no commercial drop-in solutions for replacing fossil gasoline to reduce high amounts of greenhouse gas emissions from conventional petrol cars, without investing into new vehicles or modifying the old ones. Neste, the world’s leading producer of renewable diesel and sustainable aviation fuel (SAF) may be the first to have developed […]
Acquisition of energy plant powered by EQTEC technology
EQTEC plc, a gasification technology solutions company for sustainable waste-to-energy projects, has announced the acquisition and planned recommissioning of a 1MWe waste-to-energy plant in Italy.Originally commissioned in 2015, the plant is built around EQTEC’s proprietary and patented Advanced Gasification Technology.The company has acquired, and will lead a consortium to repower, own and operate, the biomass-to-energy […]
Invenergy and BW LNG secure $128.3m financial package for FRSU
Invenergy and BW LNG have completed the financing of a specially built floating storage and regasification unit (FSRU) for an LNG-to-power project in El Salvador. The companies have recently closed a $128.3 million financial package with IDB Invest to finance the FSRU component of the Energía del Pacífico (EDP) LNG-to-power project in El Salvador. The […]
Operations at Colonial Pipeline back to ‘normal’
The US’ largest fuel pipeline, which was shut down by a cyber-attack, has returned to “normal operations”. Colonial Pipeline announced on Twitter that it was once again “delivering millions of gallons per hour to the markets we serve”. The temporary shutdown of the pipeline in the aftermath of the attack led to panic buying, with […]
Mitsubishi, Texas Brine to explore salt cavern hydrogen storage
Mitsubishi Power Americas and Texas Brine Company have signed an agreement to evaluate the potential of using new and existing salt caverns for hydrogen storage. The two companies will look at both existing and new salt caverns, and will carry out detailed engineering and design studies for hydrogen storage. They will look at greenfield applications […]
Venezuela’s Crumbling Oil Industry Is An Environmental Nightmare
The near failure of the Venezuelan state, caused by the breakdown of the country’s oil industry, has triggered the second worst humanitarian crisis of the 21st century. While the collapse of Venezuela’s oil industry and what was once the richest economy in South America are well documented, there is little coverage of the immense environmental […]
Koole starts work on Botlek upgrade
Koole Terminals has started jetty replacement work at its Botlek terminal in Rotterdam. The project includes the replacement of 600 metres of quay wall and installation of a concrete foundation for pipe racks. This will house new loading/unloading facilities and hose towers to tranship products such as biodiesel, methanol and FAME. The design of the […]
Opportunity and variety
Jen Penner tells Tank Storage Magazine about her love of a challenge and finding her feet as an engineer Jen Penner is a project manager at Canadian Tank & Vessel, a Saskatoon, Canada-headquartered company which builds, repairs, and maintains storage tanks and spheres. Like so many of us, her career path was not exactly planned. […]
One year on
Tank Storage Magazine review Alex Booth from Kpler looks at how global crude storage levels are adjusting to a post COVID-19 environment the rapid build-up of crude oil-on-water and the subsequent transition to onshore inventories through the second quarter of 2020 has been well covered, including in a previous article for this publication (see p42 […]
A comprehensive guide to energy storage
Tank Storage Magazine review Anneli Teelahk from the European Association for Storage of Energy (EASE) looks at how energy storage can support the energy transition Nowadays, climate and energy issues are so strictly related that they can almost be regarded as two sides of the same coin. Energy production and consumption have a key influence […]
HollyFrontier acquires Puget Sound refinery
HollyFrontier Corp. has announced that it has entered into a definitive agreement to acquire the Puget Sound refinery, the on-site cogeneration facility and related logistics assets, from Equilon Enterprises LLC d/b/a Shell Oil Products US (Shell) for a purchase price of US$350 million, plus hydrocarbon inventory to be valued at closing with an estimated current […]
Ghana’s first LNG cargo set for end of May
Ghana expects to receive its first liquefied natural gas (LNG) cargo by the end of this month (May). The project, which is backed by Helios Investment Partners and Africa Infrastructure Investment Managers, will consist of separate regasification and storage vessels and have the capacity to import 1.7 million mt/year of LNG. Shell will supply the […]
APM Terminals looking to take role in LNG-powered Mississippi container terminal
APM Terminals has agreed to work with Plaquemines Port on the design and development of a deep water container terminal on the Mississippi river that will be powered by a combination of LNG and electricity. In a statement issued yesterday (6 May), the company said the discussions will include the ‘consideration of APM Terminals as […]
US passes emergency waiver over fuel pipeline cyber-attack
The US government issued emergency legislation on Sunday after the largest fuel pipeline in the US was hit by a ransomware cyber-attack. The Colonial Pipeline carries 2.5 million barrels a day – 45% of the East Coast’s supply of diesel, gasoline and jet fuel. It was completely knocked offline by a cyber-criminal gang on Friday […]
Shell Catalysts & Technologies forms alliance with Arbios Biotech
Shell Catalysts & Technologies (SC&T) and Arbios Biotech, a joint venture between Licella and Canfor, have formed a new global alliance aimed at utilising SC&T’s upgrading technology capability in the pursuit of a low-carbon intensity, circular-economy focused biorefinery. Arbios Biotech was formed to commercialise Licella’s Cat-HTR™ platform, a globally leading hydrothermal liquefaction (HTL) technology, for […]
Leaked EU Report Reveals Ambitious Renewables Agenda
The European Commission intends to ask EU Member States to make an additional effort to increase their share of renewable energy in the power mix, according to a leaked draft of an official document revealed by Euractiv on May 4th. Brussels wants to upgrade its current 32% renewable energy target for 2030 to at least […]
Odfjell Terminals reports improved Q1 2021 results
The terminals division of Odfjell has reported improved financial results in Q1 2021 compared to Q4 2020, despite two force majeure events. The net result contribution to Odfjell as a whole from the Terminals division was US$0.2 million, compared to a loss of US$0.6 million in Q4 2020. EBIT rose to US$1.3 million compared to […]
Exxonmobil steps up advanced recycling to help address plastic waste
By Karen McKee, President of ExxonMobil Chemical Company. To help reduce the impact of plastic waste on the environment, society will need to recycle a greater share of the products that it uses instead of permanently discarding them. ExxonMobil is pursuing three new advanced recycling initiatives in the U.S. and Europe that set in motion […]
Diversity in action in distribution
From what was once a traditionally male dominated industry, greater diversity is being seen every day within distribution companies, suppliers and trade bodies. Fuel Oil News spoke with Emily Yates, who joined Craggs Energy in 2015, about her role as a young, female fuel oil distributor. Fresh blood I joined the Craggs’ new apprenticeship scheme […]
Solving the issue of variability
Tank Storage Magazine review Alexandru Floristean, Legal & Project Manager at Hydrogen Europe’s gave a presentation at this year’s Terminal of Tomorrow online conference explaining why hydrogen is such a hot topic. ‘Achieving carbon neutrality in an efficient way will require energy storage,’ he began. Floristean explained that renewable energy production and consumption is not […]
ExxonMobil proposes Houston CCS hub
Joe Blommaert, president of ExxonMobil Low Carbon Solutions, has outlined the company’s proposal to make Houston a multi-user carbon capture and storage (CCS) hub in a new blog post. Houston is home to many large carbon emitters, including refiners, petrochemical plants and power generation facilities, as well as being close to geologic formations in the […]
Grace licenses UNIPOL PP process technology to Sinochem Hongrun Petrochemical Co. Ltd
Independent supplier of polyolefin catalyst technology and polypropylene (PP) process technology, W. R. Grace & Co., has licensed its UNIPOL® PP process technology and its UNIPOL UNIPPAC® process control software to Sinochem Hongrun Petrochemical Chemical Co. Ltd. (Sinochem Hongrun). The UNIPOL PP facility, located in Qingzhou, Weifang, Shandong, China will start up in 2022 and […]
A World Of Difference: One Year After Oil Prices Went Negative
What a difference a year makes! It might sound like a cliché, but the oil market that was turned on its head last April by a confluence of unexpected Black Swan events is trending higher alongside a rosy outlook for the U.S. economy. Along the way, the market structure for domestic and global crude oil […]
Tanzania: Sahara Doubles Oil Storage Capacity
SAHARA Tanzania Limited, one of top oil importers, has doubled its petroleum product tank farm capacity in the last five years ago. Sahara, a subsidiary of the Nigerian-based energy conglomerate – Sahara G roupannounced in Dar es Salaam that it had doubled its storage capacity to 72million litres from 36m illion litres in 2015. “Sahara […]
Is This The End Of The Covid Oil Glut?
Recovering economies and increased fuel demand have helped the enormous oil glut from this time last year to shrink to levels that could be further reduced with global oil demand expected to jump later this year. Commercial oil stocks in developed economies, where inventories are transparently reported, have plunged since the record-high surplus built during […]
China boosts crude oil storage, but higher price may deter future builds
China boosted the flow of crude oil into storage tanks in March as strong imports and domestic output exceeded an increase in the volume of fuel being processed by refiners. About 1.63 million barrels per day (bpd) of crude was directed into commercial and strategic inventories last month, up from about 920,000 bpd in the […]
UPDATE 1-Oil storage firm Vopak misses expectations for quarterly core profit
April 21 (Reuters) – Vopak on Wednesday posted a first-quarter core profit that fell short of market expectations, hurt by a weaker dollar and tight chemical markets, but the Dutch oil and chemical storage company stuck to its investment outlook. The group now expects EBITDA contributions from 2020 and 2021 growth projects to be at […]
Waga Energy to deploy its break-through landfill renewable natural gas technology in Quebec
Waga Energy, the European leader in landfill gas-to- renewable natural gas (RNG) technology, has been enlisted by The Mauricie Residual Materials Management Board (RGMRM) to deploy its innovative gas upgrading solution at the Saint-Étienne-des-Grès landfill, in Quebec The green gas produced will be purchased by Énergir, the largest gas distribution company in the province, and […]
Total and Siemens Sign Emissions Reduction Deal
Total (NYSE: TOT) and Siemens Energy have signed a technical collaboration agreement to study sustainable solutions for CO2 emissions reduction, Total revealed Tuesday. The collaboration will focus on natural gas liquefaction facilities and associated power generation, according to Total, which noted that each partner will bring together their best-in-class technologies and combine their know-how to […]
Siemens Energy launches first-of-its-kind edge transmission products to shape Internet of Energy
Siemens Energy extends its switchgear and transformer portfolio with EdgeformerTM and EdgegearTM, thus presenting the world’s first high-voltage devices with edge computing at Hannover Fair 2021. The new generation of digitally enabled transmission products and systems opens new possibilities for grid operators to benefit from data driven applications by deploying them within the local substation […]
ExxonMobil has agreed to reduce air pollution at refinery near Chicago
ExxonMobil has reached an agreement with U.S. and Illinois regulators to reduce air pollution at its refinery near Chicago in Joliet, Illinois, the U.S. Department of Justice said in a statement. The consent decree, which will require ExxonMobil to make operational changes to its sulfur recovery plant to reduce emissions, marks yet another sign that […]
Who Bombed the Saudi Oil Storage Yard at Ras Tanura?
On Sunday, a series of drone and missile attacks was launched at military and oil industry-related facilities in Saudi Arabia. Among the sites targeted was the oil storage yard at Ras Tanura, the site of the world’s largest offshore oil-loading facility. A refinery is also located in this area. A missile was launched at a […]
Coastal grades ease as Cushing oil stocks tick up
(Reuters) -U.S. Gulf Coast crude oil grades mostly eased on Thursday as the Cushing, Oklahoma oil storage hub grew, dealers said. Light Louisiana Sweet crude and Mars Sour crude, both coastal grades, eased slightly despite a wider spread between U.S. futures and international Brent oil futures. A wider spread typically makes coastal grades more attractive […]
‘Several’ fire safety violations found during probe of 2018 Pulau Busing oil storage tank fire: SCDF
SINGAPORE: The Singapore Civil Defence Force (SCDF) said it discovered “several” fire safety infringements during investigations into an intense oil storage tank fire that happened on Pulau Busing in 2018. “These comprised two breaches relating to the storage of flammable liquid in the affected tank, insufficient firefighting equipment provided and the delayed notification of the […]
There’s a Lot of Unused Oil Stored Up Around the World
The OPEC+ group of oil producers, led by Saudi Arabia and Russia, may have got inventory levels back up to where they want them, but that doesn’t mean they can take their feet off the brakes on production just yet. At their last meeting, inauspiciously held on April Fool’s Day, the group set out a path […]